Regions
Jafco invests $10m in lunch box delivery start-up
Japanese VC firm Jafco Ventures has invested JPY1 billion ($10 million) in Star Festival, the start-up behind lunchbox delivery and catering site Gochikuru.com.
Sequoia-backed Quick Heal targets India IPO
Sequoia Capital-backed Quick Heal Technologies (QHT), an Indian security software-maker, expects to file its draft red herring prospectus and begin the formal listing process next year.
Chinese VCs join funding round for gesture-based technology developer
Shunwei Capital Partners and CTQuan joined Chinese mobile handset maker Xiaomi in a Series B funding round for Israel’s Pebbles Interfaces worth $11 million.
China Tiantu Capital closes sixth RMB fund at $160m
Tiantu Capital has closed its sixth renminbi-denominated fund on RMB1 billion ($160 million). The vehicle will mainly invest in China's consumer sector.
Nalanda Capital ups stake in Lovable Lingerie
Singapore-based Nalanda Capital has invested another INR5.4 million ($89,825) in listed Indian undergarment maker Lovable Lingerie, taking its stake to 5.06%.
Advantage Partners exits Japan's Kazaka Securities
Japanese mid-market buyout firm Advantage Partners has sold its stake in Kazaka Securities to Osaka-based Naito Securities. The financial details of the deal were not disclosed.
Actis makes another attempt to sell India’s Sterling Hospitals – report
Olympus Capital-backed DM healthcare and Temasek’s HealthCare Global (HCG) are reported to be making offers for Actis Capital's Sterling Hospitals.
Australia's Hastings buys Phoenix Energy from Terra Firma
Australian infrastructure investor Hasting Funds Management has acquired 100% of Northern Irish gas distribution company Phoenix Natural Gas from Terra Firma. Financial details of the transaction were not disclosed.
MBK in exclusive talks with ING to acquire Korea unit - report
MBK Partners has reportedly entered into exclusive talks regarding the sale of ING Groep's South Korean life insurance business. The private equity firm is said to have offered KRW1.8 trillion ($1.6 billion) for the entire operation.
Mandarin Capital exits Italian valve component maker
Sino-European PE firm Mandarin Capital Partners has exited its 70% stake in Italian valves’ components producer Gasket International to Hutchinson, a French thermoplastics company. The Girelli family that founded the business has also sold its 30% shareholding....
Singapore’s GIC refines investment approach
GIC Private, the Singaporean sovereign wealth fund, has recalibrated its investment framework, splitting its portfolio into three strategies intended to strike a balance between its risk and return expectations, long-term investment objectives and desire...
AIG says aircraft leasing deal with Chinese consortium is not dead
Negotiations are ongoing between American International Group (AIG) and the Chinese consortium – which includes a fund run by former Primus Financial Holdings executive Wing-Fai Ng – that has agreed to buy a majority stake in International Lease Finance...
Japan's Advantage reaches final close on $200m bridge fund
Japanese mid-market buyout firm Advantage Partners has closed its latest fund, having reached the JPY20 billion ($200 million) hard cap after about five months in the market.
SingTel Innov8 invests $10m in Fab.com
SingTel Innov8 has invested $10 million in online lifestyle store Fab.com as part of an ongoing Series D round of financing. It joins a list of strategic Asian backers as the company plans expansion in the region.
China’s Zhonglu VC invests in five start-ups
A venture capital arm of Shanghai Zhonglu Group, a Chinese bicycle manufacturer, has invested a total of RMB36.4 million ($5.9 million) in five online technology start-ups. Zhonglu VC will take a 20% stake in each company.
New Zealand's Pan Pacific, Taiwan to set up $40m cross-border fund
Taiwan’s state-run Institute for Information Industry (III) and New Zealand-based Pan Pacific Capital have formed a $40 million venture capital fund, with a view to promoting cross-border deals and expanding bilateral cooperation.
Providence Equity-backed Idea Cellular to raise $616m through share sale
Idea Cellular, an Indian telecom provider backed by Providence Equity Partners, plans to issue up to INR37.5 billion ($616.1 million) in equity.
China's 58.com plans for $100m IPO in the US - report
Chinese venture capital-backed local classifieds website 58.com intends to raise at least $100 million through a US IPO later this year.
Ex-World Bank president joins Temasek board
Former World Bank President Robert Zoellick has been appointed to the board of directors at Temasek Holdings as the Singapore state-owned investment firm looks to open its first US office.
Clearlake Capital buys Australia-based auto interiors firm
Clearlake Capital Group, the Los Angeles-headquartered PE firm, has made its first investment in Australia, buying Elders’ automotive business for A$69 million ($62 million), including debt. The divestment allows Elders to become a pure-play rural and...
India’s Lighthouse makes $60m first close on Fund II, eyes early 2014 completion
Lighthouse Funds has reached a first close of approximately $60 million on its second India-focused fund. The GP is now targeting a final close of $125 million in the first quarter of 2014, but as a source familiar with situation told AVCJ, economic and...
PE firms eye exit as Trimax IT Infrastructure files for IPO
India’s Trimax IT Infrastructure plans to go public, facilitating a partial exit for PE backers Aditya Birla Private Equity (ABPE), Zephyr Peacock India and BanyanTree Growth Capital.
Japan's Transcosmos buys 20% VC-backed Chinese logistics firm
Japan’s Transcosmos has bought a 20% stake in FineEx, a Chinese logistics provider backed by Shanghai Vstone Capital. The transaction size was not disclosed but it is believed to be over $10 million.
King & Wood Mallesons merges with SJ Berwin
King & Wood Mallesons and London-based SJ Berwin will merge to form a single law firm valued at $1 billion. With over 2,700 lawyers in more than 30 countries, the combined entity is expected to be one of the 25 largest law firms in the world.