Regions
PE firms bid for Fortis’ Quality Healthcare - report
The Carlyle Group, Advent International and Mitsui and Co. are among the 10 bidders for Hong Kong’s Quality Healthcare Medical Services, which is being sold by PE-backed Fortis Healthcare.
AMP Capital exits Australia care home stake to Singapore’s G.K. Goh
AMP Capital has agreed to sell a 47.62% stake in Domain Principal Group (DPG), a leading Australian provider of residential aged care services, to Singapore-listed G.K. Goh Holdings (GKGH) for A$136.7 million ($123.6 million).
Advantage to acquire Japan massage salon chain Riraku
Advantage Partners has agreed to buy Japanese massage salon chain Riraku for an undisclosed sum. The mid-market buyout firm is acquiring the business from the founder and CEO and other shareholders.
Blackstone offers $322m for property developer Tysan
The Blackstone Group has offered to buy Hong Kong-listed real estate developer Tysan Holdings for approximately HK$2.5 billion ($322.5 million)
CITIC Capital RMB fund backs China’s SF Express
A consortium comprising CITIC Capital, Suzhou-based Oriza Holdings and China Merchants Group has bought a 25% stake in China’s SF Express, a Shenzhen-headquartered express delivery services provider. Financial details were not disclosed.
IDG leads Series A for Chinese online game developer Ejoy
IDG Capital Partners has led in a Series A round of funding for Ejoy, a Chinese online gaming developer formed by former executives at NetEase Group. Financial terms were not disclosed but this latest investment brings the total capital raised by Ejoy...
CyberAgent, Gree, GMO invest in Japan’s Kaizen platform
CyberAgent Ventures, Gree Ventures and GMO Venture Partners have together invested $800,000 in Kaizen platform, the Japanese start-up behind website service planBCD.
Unitas, CCMP set for 3.5x return as Atlas Copco buys Edwards for $1.6b
Unitas Capital will make up to 3.5x its money on Edwards Group after Sweden’s Atlas Copco agreed to buy the specialist vacuum products developer for approximately $1.6 billion, including debt. Unitas and CCMP Capital have owned the business since 2007...
Australia’s Starfish Ventures scales back team
Malcolm Thornton and Nick Peace are set to leave Australian VC firm Starfish Ventures, having converted from investment directors to venture partners. They will continue to work with existing portfolio companies until exit at which point the two are expected...
IDFC-backed Green Infra acquires TVS Energy
IDFC Private Equity-backed Indian independent power producer Green Infra (GIL) will buy a 90.46% stake in TVS Energy for an undisclosed amount.
SingTel ups Bharti Telecom stake for $296m
SingTel has acquired an additional 3.62% in India's Bharti Telecom (BTL), which controls leading mobile carrier Bharti Airtel, from Temasek Holdings.
Fidelity, F&H invest in Chinese video site Mtime
Fidelity Growth Partners Asia and F&H Fund Management, a China and Southeast Asia-focused investor, have provided a new round of funding for Mtime.com, a Chinese movie web portal. Tiger Global is also an investor in the company.
China Zenith Capital invests $16m in Qingdao Happy View Media
China Zenith Capital has committed RMB100 million ($16 million) in Series A funding to Qiangdao Happy View Media, which provides digital services to the hotel and leisure industry. The investment was channeled through its government-backed investment...
Armstrong commits $30m to Thai solar, biogas projects
Southeast Asian cleantech investor Armstrong Asset Management has committed $30 million to solar and biogas projects being developed by Thailand’s Annex Power. The capital will be used to expand the company’s engineering, procurement and construction...
Orrick strengthens Japan M&A, PE practice
Orrick has appointed Edward S. Johnson as a partner in its M&A and private equity practice in Tokyo. He joins from Paul Hastings, where he previously served as managing partner of the Tokyo office.
OrbiMed targets $300m for second Asia healthcare fund
Healthcare-focused private equity firm OrbiMed Advisors is targeting $300 million for its second Asia fund. The PE firm raised $188 million for its debut regional vehicle in 2008.
Seven PE firms, strategics bid for Hong Kong’s ParknShop – report
Seven private equity and strategic investors have reportedly submitted initial offers for ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa. The business, which is ultimately controlled by Li Ka-shing, Asia’s wealthiest individual,...
Japan's Alt Plus buys stake in VC-backed Korean mobile game developer
Japanese mobile game developer Alt Plus, has acquired a 10% stake in Emagine, a Korean mobile game start-up backed by Lead Capital Management and Ant Capital Partners. Financial details of the transaction were not disclosed.
Baidu seals $1.85b 91 Wireless acquisition
Baidu has finalized its acquisition of NetDragon Websoft's 91 Wireless, a Chinese mobile app store and game operator, for $1.85 billion.
Singapore’s Temasek exits Cheniere Energy
Temasek Holdings has halved its stake in Cheniere Energy, taking advantage of a spike in the US liquefied natural gas (LNG) company’s shares. The Singapore fund sold 9.2 million shares in the second quarter of 2013 at a valuation of $257 million.
Sequoia raises $370m for China VC fund
Sequoia Capital has raised $370 million for its latest China-focused venture capital fund.
China hydropower firm buys 38% stake in VC-backed web directory
Zhejiang Fuchunjiang, a Chinese-listed hydropower equipment company, plans to buy a 38% stake in 2345.com, a web directory provider, from its majority shareholder Dongsheng Pang for RMB760 million ($124 million).
China's NetEase Capital invests in S-Game Series A round
China’s NetEase Capital has invested in a Series A round of funding for S-Game, a Chinese gaming developer, also known as Beijing Lingyoufang Network Technology. Details of the investment were not disclosed but it reportedly amounts to several million...
Baring Asia to exit Magic Holdings as L’Oreal makes $843m takeover bid
Baring Private Equity Asia is on course to exit Chinese cosmetic facial masks specialist Magic Holdings International after L’Oreal offered to buy the company in a deal worth $843 million. The PE player stands to receive $176 million, having invested...