Consumer
WestBridge offers $52m for controlling stake in India's DFM
WestBridge Capital Partners has made a public offer to pay INR3.4 billion ($52 million) for a controlling stake in Indian snack maker DFM Foods.
Alibaba buys majority stake in Rocket Internet's Lazada for $1b
Chinese e-commerce giant Alibaba Group has paid about $1 billion for a majority stake in Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet, in a transaction that values the company at $1.5 billion.
Deal focus: Ticket Monster targets seamless service
Korea's NHN Entertainment seeks payment synergies with PE-backed e-commerce marketplace Ticket Monster
China Growth Capital leads round for auto-focused lending platform
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
DSG reaches $35m first close on second fund - report
Indian consumer-focused private equity firm DSG Consumer Partners is said to have reached a first close of $35 million on its second fund.
KKR, Anchor-backed Ticket Monster gets NHN investment
Ticket Monster, a South Korea-based e-commerce marketplace controlled by KKR and Anchor Equity Partners, has received a KRW47.5 billion ($40 million) investment from online gaming provider NHN Entertainment (NHNE) in what is expected to be the first tranche...
Quadrant-owned UPG buys Sydney restaurant chain
Urban Purveyor Group (UPG), an Australia-based restaurant chain owned by Quadrant Private Equity, has completed the bolt-on acquisition of Fratelli Fresh, an Italian-style café business with locations throughout Sydney.
Orchid Asia, Eastern Bell in Series B for China’s Weimeizi
Orchid Asia Group and Eastern Bell Ventures have provided a Series B round of funding for Weimeizi, a Chinese personal care products manufacturer.
India’s MyGlamm receives $6m Series A round
India-based beauty services start-up MyGlamm has raised $6 million in a Series A round led by French cosmetics giant L’Occitane and including participation from Tano Capital and Brand Capital.
Addor leads $70m round for China app developer
Addor Capital has led a $70 million round for Chinese Android-focused mobile app developer Holaverse.
JD Finance invests in VC-backed Meili Jinrong
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors.
Indonesia private equity: Green shoots?
While Indonesia’s VC industry is taking off, private equity firms have found the last few years challenging due to economic headwinds. GPs are now feeling most positive, thanks in part to government policy
Q&A: NDE Capital's John Lin
With a remit to target cross-border investments that incorporate China and Southeast Asia, NDE Capital is an active player in Indonesia. John Lin, the firm’s managing partner, explains why he is bullish about the market
WestBridge commits $12m to India's Relaxo
WestBridge Capital Partners has invested INR790 million ($12 million) in listed Indian footwear maker Relaxo Footwears.
Australian wine start-up raises $19m from Blue Sky
Australia-based online wine retailer Vinomofo has raised A$25 million ($19 million) for an international expansion program from Blue Sky Venture Capital.
Affinity-owned Tegel to raise up to $332m in dual offering
Tegel Group Holdings, a New Zealand-based poultry producer controlled by Affinity Equity Partners, is looking to raise as much as NZ$481 million ($332 million) through a dual listing in New Zealand and Australia.
India's CL Educate refiles for IPO, Gaja to part-exit
Indian education services provider CL Educate has refiled for its IPO, providing a partial exit for PE backer Gaja Capital Partners.
KKR to sell majority stake in SMCP to China’s Shandong Ruyi
Chinese textiles producer Shandong Ruyi Technology Group has agreed to acquire a controlling stake in SMCP Group, a French apparel retailer backed by KKR.
Khazanah leads $170m Series D for Singapore's Garena - update
Khazanah Nasional, an investment fund controlled by the Malaysian government, has led a $170 million Series D round for Singapore-headquartered mobile internet and gaming platform Garena at a post-deal valuation that AVCJ understands to be more than $3.75...
China's Suning targets $7.7b for stand-alone investment arm
Chinese electronics retailer Suning Commerce Group will create an investment division with a view to reaching RMB50 billion ($7.7 billion) in assets under management. It is part of a strategic transformation through which the company is looking to establish...
India broadens e-commerce FDI rules
India's government has introduced new regulations to allow 100% foreign direct investment (FDI) in online marketplaces and limit discount offerings by e-commerce companies.
Warburg Pincus exits Premier Foods to Japan's Nissin
Japanese noodle maker Nissin Foods has agreed to buy a 17.3% stake in diversified UK grocer Premier Foods from Warburg Pincus for GBP90 million ($129.3 million).
Softbank Ventures Korea invests in India's True Balance
Softbank Ventures Korea has committed an undisclosed amount of Series A funding to India's True Balance, developer of an app to help users check their prepaid SIM card balance.
China used car trading platform Guazi.com raises $205m
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.