Consumer
China AMTT Digital receives $6.5m Series B round
Beijing-based AMTT Digital Services Group, a hotel digital services provider, has received RMB40 million ($6.5 million) in Series B funding from China Merchants Capital and Shenzhen Green Pine Capital.
Quadrant takes majority stake in Australian pet food supplier
Quadrant Private Equity has bought a majority stake in Australian pet food retailer City Farmers for A$93 million ($84 million).
Australia's Catalyst exits EziBuy to Woolworths for $274m
Catalyst Investment Managers has exited Australia and New Zealand apparel and homeware retailer EziBuy to Woolworths for NZ$350 million ($274 million). The PE firm bought a 43% stake in EziBuy six years ago for an enterprise valuation of NZ$200 million,...
Future Ventures in talks to sell Indian apparel stake to GA – report
Future Ventures India is reportedly in talks with General Atlantic to sell its minority stake in apparel maker AND Designs India for around INR1.5 billion ($23 million)
CDH, Belle to make Baroque big in China
Secondary direct deals frequently stumble on valuations. Private equity investors are sitting on either side of the table and both are hardwired to get the best possible price; the lingering fear is leaving the table with a deal that is either significantly...
Bain exits Domino's Japan, retains slice
The pizza delivery market in Japan is very different from that of the US. Rather than a budget takeout option, pizza is treated as something of a luxury and customers are willing to pay a premium for quality. Japanese tastes differ too. In addition to...
Advantage to acquire Japan massage salon chain Riraku
Advantage Partners has agreed to buy Japanese massage salon chain Riraku for an undisclosed sum. The mid-market buyout firm is acquiring the business from the founder and CEO and other shareholders.
Seven PE firms, strategics bid for Hong Kong’s ParknShop – report
Seven private equity and strategic investors have reportedly submitted initial offers for ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa. The business, which is ultimately controlled by Li Ka-shing, Asia’s wealthiest individual,...
Baring Asia to exit Magic Holdings as L’Oreal makes $843m takeover bid
Baring Private Equity Asia is on course to exit Chinese cosmetic facial masks specialist Magic Holdings International after L’Oreal offered to buy the company in a deal worth $843 million. The PE player stands to receive $176 million, having invested...
Everstone-backed beauty brand VLCC makes Singapore bolt-on
VLCC, the Asian health and beauty brand backed by Indian GP Everstone Capital, has bought an 80% stake in Global Vantaage Innovative Group (GVig), a Singapore-based firm that manufactures personal care and skincare products as well as cosmetics. It is...
Sequoia invests $17m in India’s Vini Cosmetics
Sequoia Capital has bought a minority stake in Vini Cosmetics for INR1.1 billion ($17.8 million). The company makes the Fogg range of deodorants and talcum powders White Tone and Jinjola.
Tiantu Capital makes the first investment via sixth RMB fund
China’s Tiantu Capital has committed RMB80 million (US$13 million) to Ganqishi, a Hangzhou-based Chinese cuisine food chain, for an undisclosed stake. It is the first investment from the VC firm's sixth renminbi-denominated fund.
Fab raises $5m from Itochu Corp
Online lifestyle store Fab.com has raised $5 million from Japan’s Itochu Corporation, as the two develop a joint venture agreement to bring the company to Japan in 2014.
TPG-backed Li Ning posts first half loss
Li Ning, the Chinese sportswear retail group backed by GIC Private and TPG Capital, has reported a net loss of RMB184 million ($30 million) in the first six months of this year, compared with a RMB44.3 million profit in the first half of last year.
Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
GGV, Orchid Asia invest in China’s Beauty Plus
GGV Capital and investment group Orchid China have jointly participated in a Series A round of funding for a Shanghai-based cosmetics retailer Beauty Plus.The financial terms were not disclosed.
Fosun, Axa French Club Med buyout extended
The French financial markets authority, Autorité des Marchés Financiers (AMF), has extended a takeover of France-based vacation resort operator Club Méditerranée (Club Med) by China’s Fosun International and Axa Private Equity after shareholder...
CLSA exits Japan apparel business Baroque to CDH, Belle International
CLSA Capital Partners has exited its majority stake in apparel business Baroque Japan to China's CDH Investments and Chinese women's shoe retailer Belle International.
Vangoo Capital leads China’s luxury goods site Series C round
Japan’s Vangoo Capital Partners has led a Series C round funding for Secoo.com, a Chinese luxury goods e-commerce platform. The investment sum was undisclosed.Existing investors IDG Capital, French venture capital firm Vantech Capital and Shanghai-based...
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.
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.
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 Car Clubs rental service secures Series A financing
Hangzhou-based Incapital and government-owned Tobon VC have provided a Series A round of funding for Car Clubs, a Chinese car rental service operator. Details of transaction were not disclosed but it is said to be in excess of RMB10 million ($1.6 million).