Region
Composition Capital appoints Head of Asia Pacific
Real estate fund manager Composition Capital Partners has appointed Whye Choong Low as principal and new Head of Asia Pacific at its Hong Kong office. He will be in charge of both running the company's Asia Pacific operations and expanding its activities...
L Capital Asia eyes bigger deals, mature markets for Fund II
Larger deals, including a few buyouts, are likely to feature more prominently in L Capital Asia’s second regional fund as the GP expands its attention to the more developed markets of Australia, Japan and South Korea, as well as bringing to bear the expertise...
Norwest, IFC-backed Snowman Logistics files for IPO
Snowman Logistics, an Indian cold chain services firm backed by Norwest Venture Partners and International Finance Corporation, has filed a draft red herring prospectus for its upcoming IPO.
Anthem Asia makes first Myanmar investment
Anthem Asia, a new private equity firm based in Yangon, Myanmar, has closed its first deal in the country, investing around $1 million in office rental firm Hintha Business Centers (HBC).
Quadrant backs City Farmers' tech-based strategy
With a longstanding interest in Australia’s pet supplies industry, Quadrant Private Equity examined all the major independent players in search of a business suitable for rapid scaling up and expansion nationwide. In Perth-headquartered City Farmers,...
Taiwan's Zoyi Capital targets $300m fund – update
Zoyi Capital is seeking to raise $300 million for its debut fund, which will target deals in Greater China that have a Taiwanese connection.
China video app Yixia.com completes $25m Series B round
China mobile video app Yixia.com has completed a $25 million Series B round of investment led by internet giant Sina Corporation. Existing backers Redpoint Ventures and Morningside Ventures also participated in the round.
Blume Ventures backs India software firm Kuliza
Bangalore-based Kuliza Technologies, a marketing software maker has raised seed funding from Blume Ventures. Financial details of the deal were not disclosed.
China Everbright's private markets business sees profit spike
China Everbright's private market business - which includes a variety of PE, VC and sector funds - generated a pre-tax profit of HK$205 million ($26.4 million) in the first half of 2013, up 17% year-on-year.
Armstrong reaches $130m third close on SE Asia energy fund
Netherlands Development Finance Company FMO, the Swiss Investment Fund for Emerging Markets (SIFEM) and the IFC Catalyst Fund will invest about $45 million to Armstrong Asset Management's Southeast Asia cleantech fund, bringing the total capital raised...
Ascent Capital invests $3.7m in CARE Ratings
Ascent Capital will invest INR250 million ($3.69 million) in Indian credit rating agency Credit Analysis and Research (CARE)
Indonesia VCs, incubators form lobbying alliance
Eight Indonesian venture capital firms and incubators have come together to form a lobbying group known as the Alliance of Venture Capitals in Indonesia (AVCII). Members include CyberAgent Ventures, East Ventures, GEPI, Grupara, Ideosource, Jakarta Founders...
SMBC, IGPI invest $1.3m in Japanese game design platform
SMBC Venture Capital and Industrial Growth Partners (IGPI) have invested JPY130 million ($1.3 million) in Mugenup.com, a start-up that crowd-sources design talent to work on projects for game developers.
Commercial Intelligence targets $150m for Asia, Africa litigation fund
Specialist distressed debt and litigation investor Commercial Intelligence Funds Group (CI) is launching an Asia- and Africa-focused fund with a target of $150 million. A first close is planned for the end of 2013.
TPG-backed China Grand Auto plans $500m Hong Kong IPO – report
TPG Capital-backed China Grand Automotive Group reportedly plans to raise at least $500 million through a Hong Kong IPO early next year.
Hans Tung leaves China VC firm Qiming for the US
Hans Tung, Beijing-based managing partner at Qiming Venture Partners, has left the firm. AVCJ understands the departure was amicable, driven by Tung’s desire to relocate to the US for family reasons. He has yet to join a new firm.
Carlyle, Townsend commit $200m to China warehousing platform
The Carlyle Group and the US-based investment firm The Townsend Group will have agreed to invest $200 million in logistics warehouses in China. The capital will be used to acquire an undisclosed stake in five warehouses owned by Shanghai Yupei Group and...
Nalanda Capital invests in India's Info Edge
Nalanda Capital has invested more than INR268 million ($3.9 million) in listed online classifieds company Info Edge India. The PE firm bought 1.7 million shares on the secondary market for around INR300 apiece.
Japan's Rakuten leads $23m Series B round for e-commerce app Slice
Rakuten Group - Japan's largest e-commerce firm - has led a $23 million financing round for the Silicon Valley-based start-up behind online shopping app Slice.
Morpheus Fund invests $6m in TVC Skyshop
India’s Morpheus Fund has invested INR420 million ($6.17 million) for an 8% stake in direct-to-consumer retailing platform, TVC Skyshop.
China education site Fenbi.com to raise Series B round
Fenbi.com, a Beijing-based online education platform, is about to close its second round of VC funding. It is said that IDG Capital Partners and Matrix Partners China have joined the round, taking total capital raised to $7 million.
PE-backed Australian fashion retailer enters administration
Bleach Group, the Australian parent of fashion brands Insight, Something Else and Ksubi, has been placed into voluntary administration. The company received growth capital investment from US-based Breakwater Investment Management in late 2012.
Simcere accepts Hony-backed take-private bid worth $490m
Chinese drug developer Simcere Pharmaceutical Group has agreed to a management buyout offer from a consortium led by its chairman and Hony Capital that values the company at approximately $490 million. Simcere is now expected to de-list from the New York...
Korea launches fund class to support overseas contractors
South Korea plans to launch specialist private equity funds as a means of encouraging financial institutions to support local firms competing for overseas construction contracts. The government hopes that $8.6 billion can be raised through these funds...