Regions
New Zealand's Pencarrow acquires Bell Tea & Coffee
Pencarrow Private Equity has bought Bell Tea & Coffee Company (BTCC), New Zealand’s oldest tea enterprise, from supermarket chain Foodstuffs. Accident Compensation Corporation (ACC) is coming in as a significant co-investor, while BTCC’s senior management...
Chinese authorities detain ex-CDH executive Gongquan Wang
Gongquan Wang, founder of CDH Venture Capital, has been detained by Chinese authorities for alleged involvement of New Citizen’s Movement, a civil rights group advocating greater transparency in government. Wang left CDH two years ago.
Temasek unit plans $185m Youku Tudou sell down – report
Sennett Investments, an affiliate of Temasek Holdings, has reportedly sold down its entire stake in Youku Tudou, an US-listed Chinese video site, generating up to S$235 million ($185 million).
KKR considers teaming with Japan state fund for Panasonic unit - report
KKR may partner with a Japanese state-backed investment fund in a bid to secure a stake in Panasonic's healthcare unit.
Malaysia's Khazanah exits Time Engineering stake for $21m
Malaysian sovereign wealth fund Khazanah Nasional has sold its entire stake in local IT firm Time Engineering (TEB) to Censof Holdings for RM69.8 million ($21.3 million)
India’s Tata Capital to launch $300m Africa fund
Tata Capital plans to launch an Africa private equity fund with initial capital of about $300 million. It will focus on consumer goods, agriculture and agri-processing.
WuXi PharmaTech-backed Foundation Medicine sets terms for $75m IPO
US cancer diagnostics firm Foundation Medicine, which counts the corporate venture fund of Shanghai-headquarted WuXi PharmaTech among its backers, has announced the terms for its US IPO.
Blackstone consortium reduces Pactera MBO offer
A consortium led by The Blackstone Group has made a definitive offer for Pactera Technology International that values the US-listed tech outsourcing firm at approximately $600 million. Existing investor GGV Capital is also participating in the bid alongside...
Proskauer boosts China fund formation capabilities
Global law firm Proskauer has recruited Yong Ren to its private investment funds group as a partner. He previously worked at Mayer Brown and, before that, at Ropes & Gray and Simpson Thacher.
Walkers adds to Hong Kong investment funds group
Walkers, a global law firm specializing in offshore services, has appointed Mark Cummings as counsel in its investment funds group in Hong Kong. Cummings, who joins the firm from Appleby, advises private equity and hedge fund managers on establishing...
Hong Kong investors contemplate "Silicon Harbour"
Hong Kong has the potential to become an innovation center for Asia, say industry participants, but not quite in the mold of Silicon Valley.
ADB to become GP
The Asian Development Bank (ADB) is to turn GP to enhance its investment capability, with a fund targeting climate change and renewable energy to launch next year.
Advent, CDIB, Mirae back The Coffee Bean & Tea Leaf
Advent International has joined Taiwan's CDIB Capital and Japan's Mirae Asset Private Equity to acquire a significant stake in International Coffee and Tea, the company behind US specialty coffee and tea retailer - The Coffee Bean & Tea Leaf. The largest...
RRJ invests $100m in China property developer
RRJ Capital has committed $100 to Chinese property developer CIFI Holdings by subscribing to a senior notes issue. The Hong Kong-listed firm has raised $225 million in total, the remainder being placed with Citigroup, Standard Chartered, Deutsche Bank,...
Temasek names Goldstone's Yibing Wu as China head
Temasek Holdings has named Yibing Wu as senior managing director and head of China. Wu is currently chairman and CEO of Goldstone Investment, the direct investment arm of China’s CITIC Securities, and the president of CITIC Private Equity Funds Management.
Intel Capital, AsiaVest to make partial exits from China's Montage via US IPO
Intel Capital and AsiaVest Partners will make partial exits from Montage Technology Group when the China-based semiconductor manufacturer completes its NASDAQ IPO.
Sequoia leads Series B round in China menstruation-tracking app
Sequoia Capital China has led a Series B round of founding for Dayima.com, a menstruation cycle-tracking mobile app. Existing backer Bertelsmann Asia Investments also participated in the round.
Affordable healthcare chain Glocal gets $4m from SIDBI VC
SIDBI Venture Capital has invested INR250 million ($3.93 million) in Glocal Healthcare Systems, which operates multi-specialty hospitals in semi-rural parts of East India.
Cogent adds to Shanghai team
Cogent Partners has appointed Dominik Woessner as a director in its Shanghai office. He has relocated from the secondary market-focused firm’s London office as part of ongoing efforts to develop its footprint in Asia.
TPG invests $23m in Sutures India
TPG Growth has acquired a minority stake in Bangalore-based surgical equipment maker Sutures India for INR1.45 billion ($22.9 million).
Fosun buys 35% stake in Italian luxury menswear brand
Fosun International, China’s largest privately-owned conglomerate, has agreed to buy a 35% stake in Italian menswear brand Caruso. Much like Fosun’s investments in other foreign brands, the plan is to support Caruso’s expansion in China.
Shunwei backs China child education app
Beijing Shunwei Venture Capital, founded by super angel investor Lei Jun, has committed a Series A round of funding for Babybus.com, which develops educational apps for children. Details of transaction were not disclosed but the investment size is said...
PE-backed Endurance International to buy India's Directi
Endurance International Group, a US-based web hosting services provider controlled by Warburg Pincus and Goldman Sachs, has agreed to buy Indian online services firm Directi Web Technology for up to $110 million.
Shanghai Sinopharm PE invests in chemical firm Anhui Fulltime
Sinopharm Capital, a private equity arm of Chinese drug distributing conglomerate Sinopharm, has made a pre-IPO investment in chemical products manufacturer Anhui Fulltime Specialized Solvent & Reagent.