Regions
Quantum-backed Intrepid Mines loses CEO
Brad Gordon, the chief executive of Intrepid Mines - the embattled Australia-listed resources company backed by Hong Kong private equity firm Quantum Pacific - has resigned.
Korea's KIC to boost alternatives exposure to as much as $10b
Korea Investment Corp. (KIC) is planning to triple its allocation to alternative assets - spending as much as $10 billion in an effort to diversify its portfolio.
Scentan Ventures takes part in $2m round for Japanese curation app Antenna
Singapore's Scentan Ventures has joined Tokyo-based strategic investor Macromill in investing JPY1.5 billion ($15.5 million) in Glider Associates, the Japanese startup behind smartphone curation app Antenna, for a 25.6% stake.
IFM takes 34% stake in NZ's Scottish Pacific
Australia's Industry Funds Management (IFM) has taken a 34% stake in New Zealand financial services company Scottish Pacific.
Anacacia reaches Fund II final close
Anacacia has reached a final close on its second fund, Anacacia Fund II, at a hard-cap of A$150 million. The fund, which was first launched in July last year with a target of A$50-100 million ($44-89 million), reached its first close of A$80 million within...
ASK Pravi invests $9.7m in India’s OMNI Hospitals
ASK Pravi Capital Advisors has invested INR600 million ($9.7 million) in the tertiary care OMNI Hospitals chain for a significant minority stake.
GGV, Orchid Asia invest in China’s Beauty Plus
GGV Capital and investment group Orchid China have jointly participated in a Series A round of funding for a Shanghai-based cosmetics retailer Beauty Plus.The financial terms were not disclosed.
IFC, Invesco WLR lead Organica Water Series B round
WLR China Energy Infrastructure Fund (CEIF) - a private equity fund managed by Invesco WLR Private Equity - has taken part in a Series B round of funding for Organica Water, a global waste water treatment solutions provider, led by International Finance...
Archer cuts fees on buyout fund – report
Archer Capital has reportedly lowered the management fee on its A$1.5 billion ($1.34 billion) fifth fund by 20%.
Northstar buys Singapore's ERA Real Estate in MBO - update
The Northstar Group will buy ERA Real Estate, Singapore’s largest real estate agency, from Hersing Corporation in a deal reportedly worth more than S$100 million ($78.8 million). Jack Chua, former president of ERA, is leading a group of senior executives...
Fosun, Axa French Club Med buyout extended
The French financial markets authority, Autorité des Marchés Financiers (AMF), has extended a takeover of France-based vacation resort operator Club Méditerranée (Club Med) by China’s Fosun International and Axa Private Equity after shareholder...
CLSA exits Japan apparel business Baroque to CDH, Belle International
CLSA Capital Partners has exited its majority stake in apparel business Baroque Japan to China's CDH Investments and Chinese women's shoe retailer Belle International.
Australia's IRESS acquires LDC-backed software firm Avelo
Australian software company IRESS is to acquire UK tech firm Avelo Financial Services Holdings from a private equity consortium including Lloyds TSB Development Capital (LTDC) for GBP210 million ($321 million)
IFC invests in Indian education NBFC
International Finance Corporation will back Avanse Financial Services with $2.3 million to help expand its ability to provide loans to Indian students pursuing higher education.
Australia’s RecruitLoop secures seed funding
Australian recruitment marketplace RecruitLoop (RL) has raised $500,000 from Russian firm The Untitled VC, Microsoft executive Todd Forest and a Middle East-based recruiter to fund its expansion in the US.
Draper Nexus leads $2m round for Japan travel site startup Trippiece
Draper Nexus Venture Partners has led a JPY200 million ($2 million) round of investment in Tokyo-based travel site startup Trippiece.
Vangoo Capital leads China’s luxury goods site Series C round
Japan’s Vangoo Capital Partners has led a Series C round funding for Secoo.com, a Chinese luxury goods e-commerce platform. The investment sum was undisclosed.Existing investors IDG Capital, French venture capital firm Vantech Capital and Shanghai-based...
Q&A: Rocket Internet's Tito Costa
Rocket Internet, which has raised more than $1 billion in funding in the last year, is known for launching copycats of successful sites. Tito Costa, managing director for Southeast Asia, outlines a different strategy for the region
China's insurers: Safety first
Chinese insurers have been able to invest in domestic private equity for three years and in overseas private equity for 10 months. Investments are proceeding slowly, but infrastructure is being put in place.
Car Clubs enters the fast lane
Bicycles are thje kings of the road in Hangzhou. Following a program that was successfully introduced in Paris, the city in China's Zhejiang province has made a stock of about 66,500 bicycles available for hire. Journeys begin at one of 2,700 stations...
Clearlake backs Futuris to buck downturn
The A$200 million ($178 million) state bailout for Australia's auto industry comes after years of decline in manufacturing. Industry production numbers are the lowest since 1957. Toyota and General Motors (GM) have scaled back production amid export pressure...
Japan's secondaries surge
Secondary deals in Japan spiked in 2011 as buyouts from before the global financial crisis found an exit. With the country's economic prospects improving, industry participants expect the flow to continue
Axa to exit Arkadin to Japan's NTT
Axa Private Equity has entered exclusive negotiations with Japan's NTT Communications Corporation to sell its stake in collaboration software as a service (SaaS) provider Arkadin.
China pollution control business gets $20m Series C round
Invesco WLR Private Equity and Keynote Ventures have led a $20 million Series C round funding for LP Amina, an US-based energy and environmental solutions provider. Existing investors Qiming Venture Partners and Hao Capital also participated.