Regions
Australian's Verde targets $52m VC fund
Australian venture capital firm Verde is seeking to raise A$50 million ($52 million) for a fund that will focus on bringing technology to market. It will concentrate on innovations in the medical, defense and technology sectors.
CVC consortium wins first approval for Malaysia KFC bid
A $1.7 billion take-private bid by a CVC Capital Partners-led consortium for Malaysia's two main KFC fast food franchisees won its first approval from shareholders yesterday.
Carlyle in talks with Prizm for controlling stake – report
The Carlyle Group is reportedly in advanced talks with Sequoia-backed Prizm Payments, India's leading electronic payments service providers, for a controlling stake in the company. The deal is said to value Prizm at $225-250 million, which is equivalent...
Paul Hastings opens Seoul office
Paul Hastings has opened an office in Seoul, its 20th location globally. It follows a number of international law firms in setting up a presence in South Korea.
Shareholders to vote against Malaysia's KFC take-private bid
A $1.7 billion bid by CVC Capital Partners and the Malaysian state of Johor for the country's two main KFC fast food franchisees has met with opposition from investors.
Sequoia India invests $6.1m in pathology chain
Sequioa Capital has invested INR400million ($7.5 million) in Indian pathology services provider Suburban Diagnositic for a 30% stake.
CDIB to set up a private equity fund in China
Taipei-based China Development Industrial Bank (CDIB), the investment banking unit of China Development Financial Holding, has teamed up with China’s state-owned Jiangsu High-Tech Investment Group to set up a RMB2 billion ($321 million) PE fund.
Baidu to acquire Providence Equity Partners' stake in iQiyi
Providence Equity Partners, the specialist media and communications GP, will sell its stake in China-based online video portal iQiyi.com to Baidu. Providence held the asset for two-and-a-half years, having reportedly invested $50 million.
AXA PE opens Beijing office, reaches halfway point on third Asia fund
AXA Private Equity has opened an office in Beijing as part of efforts to boost north Asia exposure as it seeks to raise $500-600 million for a third regional fund. With AXA Capital Asia II now 80% deployed, the firm reached a first close of $300 million...
Silk Road expects three Myanmar deals by year end
Silk Road Management expects to complete three investments in Myanmar by the end of the year, marking the Southeast Asian nation’s first private equity deals in about 20 years. The investments will be made via Silk Road’s Myanmar Human Capital Fund,...
Anand Prasanna leaves Squadron Capital
Anand Prasanna, an investment director at Squadron Capital has left the firm after five years to join another Asia-focused fund-of-funds. He will start his new job in mid-December.
CIC buys stake in Heathrow Airport Holdings
China investment Corporation (CIC) has bought a 10% stake in Heathrow Airport Holdings from Spanish builder Ferrovial and other investors for GBP450 million ($725 million).
Bravia Capital in talks with SpiceJet
Hong Kong-based Bravia Capital, which focuses on investment in the transportation and logistics sector, is in talks to invest in Indian budget airline SpiceJet.
PE investors inject $50m into Huaxia Dairy
Olympus Capital has led a group investors including California Technology Ventures, Herostar Holdings and Grand River Capital in committing $50 million stake in Chinese milk producer Huaxia Dairy Farm.
DAR Capital launches India movie fund
DAR Capital Group, a London-headquartered investment banking and private equity firm, has launched a INR1 billion ($18.6 million) movie fund that will provide financing to projects throughout India. It is among the first vehicles to be approved under...
KV Asia reaches first close of more than $100m
KV Asia Capital has reached a first close on its debut fund of more than $100 million. The full target is $250 million, which will be deployed in Southeast Asia, with Indonesia expected to feature prominently.
Ten Network, CHAMP Private Equity agree Eye Corp sale
CHAMP Private Equity’s portfolio company oOh!media has agreed to pay A$113 million ($117 million) for Eye Corp, Ten Network Holdings’ outdoor advertising business. Last week it downsized its original offer of A$145 million to A$110 million.
Fidelity commits $74m to India’s Trivitron Healthcare
Fidelity Growth Partners India has invested INR4 billion ($74.4 million) in medical technology firm Trivitron Healthcare. The funding will be used to make lateral acquisitions in Europe and the US as well as to improve the Chennai-headquartered company’s...
Australia’s fundraising rebounds with foreign investor support
The fiscal year ended June 2012 was reportedly the best fundraising year for the Australian private equity and venture capital industry since 2007-2008, with more than A$3.3 billion ($3.4 billion) raised by 21 funds.
GE Capital to invest in Biocon’s research services subsidiary
GE capital, the private equity arm of General Electric, has agreed to invest INR1.25 billion ($23 million) for a 7.69% stake in Syngene, a subsidiary of India’s Biocon.
ClearVue leads $20m round for Chinese beauty brand
Lumi, a leading nutritional beauty products firm in China, has raised RMB120 million ($20 million) of Series B funding led by ClearVue Partners. Fidelity, JAFCO and Capvent also participated in the round, along with existing shareholder, DCM.
Quay Partners appoints Australia investment manager
John Zaknic has joined Quay Partners as an investment manager in Sydney. The appointment is one of a series of senior hires as the Australian fund-of-funds and advisory firm builds its newly established infrastructure team.
CIRC implements new rule on foreign PE investments
The China Insurance Regulatory Commission (CIRC) has issued the long-awaited regulation on overseas investments made by domestic insurers, including commitments to private equity funds. Qualified insurance companies are now permitted to invest in 25 developed...
South Korea VC: State subsidies
South Korea’s venture capital industry is the fourth-largest in the world thanks to generous government support. But is this support helping or hindering the development of self-sustaining investment ecosystem?