Regions
Matrix, Lightspeed invest $5m in India's LimeRoad
Matrix Partners and Lightspeed Venture Partners have invested $5 million in Series A funding for LimeRoad.com, a social commerce site aimed at women in India.
Japan's government to set up $500m VC drug fund
The Japanese government plans to set up a public-private fund to support research into drugs targeting cancer, hepatitis, diabetes and other difficult-to-treat diseases.
CHAMP Ventures in marine logistics buyout
CHAMP Ventures as acquired a majority interest in Sea Swift, an Australian marine logistics company that delivers supplies to remote island and coastal communities and resource development outposts. HarbourVest Partners is participating as a co-investor.
Accel, Tiger Global back Series B round for India's Commonfloor
Indian real estate and apartment management portal Commonfloor.com has raised a second round of funding from Accel Partners, an existing investor, and Tiger Global Management.
Pacific Century snaps up ING’s Asia assets
Hong Kong-based private equity firm Pacific Century Group has acquired several parts of ING’s life insurance operations. It will pay EUR1.64 billion ($2.14 billion) for the Dutch financial institution’s life insurance, general insurance, pension and...
PE-backed Hawker Beechcraft sees China sale collapse
Negotiations over the sale of PE-backed corporate jet business Hawker Beechcraft to China’s Superior Aviation Beijing have collapsed.
Citigroup hires ex-Silver Lake partner as Japan M&A head
Citigroup has hired Masao Yoshikawa, an ex-partner and Japan representative at private equity firm Silver Lake, as its new managing director of mergers and acquisitions (M&A) in Japan.
Majmudar & Partners makes new hire
Majmudar & Partners, an international law firm based in Mumbai, has appointed Christopher Krishnamoorthy as an associate partner.
Ex-CIC real estate head to launch investment fund
The former global head of real estate at China Investment Corporation (CIC) has launched an independent investment fund. According to regulatory filings in Hong Kong, Collin Lau was appointed director of Bei Capital Partners in June.
Motilal Oswal PE plans $59m impact investment fund
Motilal Oswal Private Equity plans to raise an impact investment fund with a corpus of INR2.5-3 billion ($47-59 million) that will target socially relevant businesses.
Aditya Birla PE invests $10m in Olive Bar & Kitchen
Aditya Birla Private Equity has invested $10 million in Olive Bar & Kitchen, a Mumbai-based hospitality firm that runs a chain of fine-dining restaurants across India.
Italian PE fund backs Indian Hotels in $1.9b Orient-Express bid
Montezemolo & Partners, an Italian family-owned private equity firm, and Indian Hotels (IH), India’s biggest accommodation provider, have launched a $1.86 billion takeover bid for Orient-Express Hotels (OEH), a Bermuda-based hotel chain.
Ex-China AMC fund manager registers PE vehicle in Qianhai
A former leading manager at China Asset Management (CAMC), one of the country’s largest domestic mutual fund providers, has registered a private equity firm in Qianhai, the development zone in Shenzhen through which renminbi-denominated funds will be...
Tech-focused US M&A advisor sets up in Seoul
J. Moore Partners, a technology-focused investment bank based in San Francisco, has opened an office in Seoul as part of plans to expand into Asia. It claims to be the first US technology M&A advisory firm to establish a presence in the city.
CVC backs Australia's Mantra in Asia expansion
CVC Capital Partners will back Australian hotel group Mantra as it expands into Indonesia, Thailand and Papua New Guinea.
CHAMP PE-backed oOh!media walks away from Eye Corp buyout
CHAMP Private Equity’s oOh!media portfolio company has decided not to proceed with its buyout of Eye Corp, Ten Network Holdings’ outdoor advertising business. This comes despite Ten’s denial earlier this week that the acquisition price would be...
Blackstone seals India’s largest commercial real estate deal – report
The Blackstone Group has reportedly secured the biggest commercial real estate deal in India to date, acquiring a 50% stake in a portfolio of three business parks for $200 million.
Standard Chartered’s financial sponsors head gets Indonesia role - report
The head of Standard Chartered’s financial sponsors group in Hong Kong, Sarab Bhutani, has reportedly been appointed co-head of wholesale banking for Indonesia. He will be responsible for deal origination and client coverage.
China Renaissance targets $750m for fund III
China Renaissance Capital Investment (CRCI) is targeting $750 million for its third fund. China Harvest Fund III will make growth capital investments in Chinese companies, taking equity stakes of up to $75 million.
Li Ning founder sells 25% in TPG-backed sportswear retailer
Chinese former Olympic gymnast Li Ning has agreed to sell a 25% stake in the sportswear company that bears his name – and counts TPG Capital among its investors – to Viva China, a Hong Kong-listed talent management agency. A company wholly owned by...
Jungle Ventures launches $10m 'super angel' fund
Jungle Ventures, a Singapore-based investment firm, has launched a new "super angel” fund, which has raised an initial $10 million to be invested in start-ups across Asia.
LP interview: Ontario Teachers' Pension Plan
Ontario Teachers’ Pension Plan (OTPP) is arguably the most aggressive direct investor in Asia among the North American pension funds. The strategy is designed avert a funding shortfall at home
Start-up investment: Fallen angels
The scarcity of seed capital in most of Asia has left the region’s entrepreneurs crying out for angel investors. What’s stopping them from flooding in?
SCPE thirsty for $32m Indian bottler deal
Despite its mammoth population - almost half of which is below the age of 30 – the per-capita consumption of soft drinks in India is one of the lowest in the world. For companies such as Varun Beverages (VBIL), which received an INR1.7 billion ($32...