Region
Shuanghui plans HK IPO after Smithfield deal - report
China’s Shuanghui International - which is backed by CDH Investments and Goldman Sachs - intends to list US pork producer Smithfield Foods on the Hong Kong stock exchange following its planned takeover.
Apollo's McGraw-Hill Education buys out Indian JV partner
McGraw-Hill Education, a US-based textbook publisher backed by Apollo Global Management, has bought Tata Group’s minority stake in Indian publishing joint venture Tata McGraw-Hill Education. Financial details of the deal were not disclosed.
India relaxes FDI rules in telecoms, 12 other sectors
India has relaxed foreign direct investment (FDI) rules in sectors such as telecoms, single brand retail and oil and gas.
Baidu pays $1.9b for VC-backed 91 Wireless
Chinese search engine giant Baidu is to acquire 91 Wireless - the mobile app store business of online gaming company NetDragon Websoft - for $1.9 billion.
France approves Fosun ClubMed takeover
The French financial markets authority, Autorité des Marchés Financiers (AMF), has approved the takeover of France-based vacation resort operator Club Méditerranée (Club Med) by Chinese conglomerate Fosun International and Axa Private Equity.
Japanese mobility chair firm raises $1m VC round
Whill, a Japanese startup which has designed a type of electronic mobility chair, has received JPY100 million ($1 million) in funding from a group of venture capital investors including Itochu Technology Venture, 500 Startups and Sun Bridge Global Ventures....
Billabong strikes $331m refinancing deal with Altamont, Blackstone
Australian surf wear company Billabong has a reached an agreement with US private equity firm Altamont Capital Partners and Blackstone Group's credit arm GSO Partners for a A$395 million ($331 million) refinancing package.
J-Star reaches $205m final close in Fund II
Japanese mid-market buyout firm J-Star has reached at JPY20.4billion ($205 million) final close on its second buyout fund.
Q&A: KKR's Joe Bae
KKR last week announced a final close of $6 billion on its second pan-Asia fund, the largest vehicle of its kind ever raised in the region. Joseph Bae, KKR's head of Asia, tells AVCJ how it will be deployed
IMM taps Korea's coffee cravings
Statistics alone do not capture the role coffee has come to play in South Korean culture. Starbucks entered the country in 1999 and it is now the firm's sixth-largest market globally by store numbers, with 556 in operation as of March and plans to take...
Cloudary halts IPO as Goldman, Temasek enter
Cloudary Corp., one of the largest of the largest online literacy platforms in China, has acted quickly to withdraw its IPO after receiving a new round of funding led by Goldman Sachs and Temasek Holdings. These developments took place in the space of...
India's FlipKart shops a $200m round
Indian e-commerce is in a state flux. While penetration is still relatively low compared to developed nations - just one in 10 Indians has access to the internet - the industry was worth $14 billion last year and growing rapidly. Competition for wallet...
China medical devices: Climbing the value chain
Driven by government policy, China's medical devices industry is growing rapidly and VC capital is flowing in. Picking winners requires a keen eye for new technology and potential distribution obstacles
2Q analysis: China in the spotlight
All is not well for China PE investment with one big deal disguising a period of relative inactivity; China exits, on the other hand, are prospering; and Asia PE fundraising is, of course, struggling
Taiwan returns to the private equity map
I may have said this many times before but Taiwan, with its large number of world-class managers, manufacturing prowess and geographic proximity and cultural similarities to China, has the potential to be a leading investment destination for private equity...
Indian infrastructure: Bargain basement
Indian infrastructure has fallen out of favor with investors as the fallout from pre-2009 excesses lingers. However, new opportunities in old deals have some private equity players thinking twice about the sector
China's PE-backed Cloudary withdraws US IPO
Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment, has withdrawn its US IPO, which expected to raise $200 million. The move came after the company raised $110 million from Goldman Sachs and Temasek...
Century Bridge makes first investment via China fund
Century Bridge Capital has invested $44.4 million in a joint venture with Coastal Greenland for the development of a residential project in Wuhan, Hubei province. It is the first investment from the firm's China fund.
Blue Sky invests $18m in Australian retirement home chain
Blue Sky Private Equity (BSPE) has invested more than A$20 million (US$18.3 million) for around 40% of retirement community operator and developer Oak Tree Group.
IL&FS exits machine tool manufacturer for 2.91x return
IL&FS Investment Managers' Leverage India Fund (LIF) has exited its 19.3% stake in Bharat Fritz Werner (BFW), a tool manufacturing company, for INR711.9 million ($11.8 million). It has generated an IRR of 15% and a multiple of 2.91x on its INR245 million...
Ant Global Partners' $150m secondary fund targets Greater China, Japan
Ant Global Partners (AGP) - the international investment arm of Japanese PE firm Ant Capital Partners - is targeting $150 million for a new secondary fund focused on Greater China and Japan.
EXS Capital leads $37m investment in Vietnam RE developer
EXS Capital has led a $37 million investment in Vietnamese real estate developer Son Kim Land (SKL). Financial details of the transaction were not disclosed.
Fatfish acquires 65% of Indonesian auto insurance portal RajaPremi
Singapore-based tech investor Fatfish Internet has acquired Indonesian car insurance price comparison site RajaPremi.com, marking its first foray into the country. Financial details of the deal were not disclosed.
L capital Asia invests in Chinese cosmetics firm
L Capital Asia, a private equity firm sponsored by LVMH Group, has invested in Guangdong Marubi Biological Technoloy Stock, becoming the second-largest shareholder in the cosmetics company. The deal is reportedly worth more than $100 million.