Consumer
CNEI invests $9.7m in leading Chinese prawn player
China New Enterprise Investment (CNEI) has committed $9.7 million to Zhanjiang Newpro Food, a leading integrated operator in China's prawn farming industry.
India’s Flipkart raises $200m from VC backers
Online retailer Flipkart has raised $200 million (INR12 billion) from existing investors Accel Partners, Tiger Global, Iconiq Capital and Naspers, in one of the largest fundraising rounds for an Indian e-commerce player. This fifth round brings the total...
Investors commit another $26m to Australia fashion site The Iconic
Australian fashion online retailer The Iconic has picked up A$28 million ($26 million) through a new round of funding led by Verlinvest, a Belgium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing shareholders Investment...
Southeast Asia’s unloved
Southeast Asia is in vogue, seen by many as an increasingly credible alternative to China and India. Indonesia, as the region’s only market of scale, has naturally attracted the most interest. Virtually every regional and global private equity firm...
China’s Capital Today invests in Home Original Chicken
Capital Today has committed RMB129 million ($21 million) for a 10% stake in Home Original Chicken, a Chinese fast food chain.
Korea’s IMM Private Equity invests $87m in Hollys F&B
IMM Private Equity has agreed to pay KRW100 billion ($87 million) for a controlling position in Hollys F&B, the parent company of Hollys Coffee, one of South Korea’s largest coffee shop chains.
Actis exits Chinese kitchen equipment maker to US trade buyer
Actis has sold its stakes in Chinese commercial kitchen equipment maker Vesta to Illinois Tool Works (ITW), a US industrial equipment manufacturer. Terms of the transaction were not disclosed.
India’s ShopClues eyes $50m growth round
Online marketplace ShopClues.com is looking to raise a further $30-50 million from investors, after January’s $10 million round from Helion Venture Partners, Nexus Venture Partners and Japan’s Netprice, which is backed by CyberAgent and Dentsu.
India Value Fund invests $40m in spice firm VKL
India Value Fund Advisors (IVFA) has committed $40 million to Vallabhdas Kanji Limited (VKL), a seasonings and spices producer, based on expectations of growth in the quick service restaurants segment (QSR) and processed foods industry.
Anacacia exits Rafferty's to PZ Cussons for 10x return - Update
Anacacia Capital has sold baby-food producer Rafferty’s Garden to London-listed PZ Cussons for GBP42.2 million ($64 million). The Australia GP is understood to have generated a 10x return on an investment made three years ago.
CITIC Capital closes VC fund on $113m
CITIC Capital has reached a final close of on $113 million on its debut venture capital fund, short of the $150 million target.
CDH commits $97m to China's New Focus Auto
CDH Investments has invested $97.37 million in Hong Kong-listed auto after-sales service provider New Focus Auto (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion it will own 63.2% of the company.
Take-private deals for China's 7 Days, Feihe near completion
Chinese budget hotel chain 7 Days Group Holdings is set to be privatized after shareholders voted in favor of a PE-backed management buyout that values the company at around $688 million. A $147 million privatization of Chinese dairy firm Feihe International...
Fosun, AXA sweeten buyout offer for Club Med, win board support
Chinese conglomerate Fosun International and Axa Private Equity have increased their takeover bid for France-based vacation resorts operator Club Méditerranée (Club Med). The new bid, worth EUR557 million ($729 million), has won favor with the company’s...
Reebonz receives $39m from MediaCorp, VCs
Southeast Asia-focused online retailer Reebonz has received a S$50 million ($39 million) round of funding led by Singapore multimedia group MediaCorp. Existing investors Vertex Ventures, GGV Capital, Intel Capital and Matrix Partners China also participated.
Carlyle finds the right formula for Yashili
Glow-in-the-dark pork, dumplings with aluminum, cadmium-tainted rice, and cooking oil made from recycled sewage are just some of the horrors that have found their way onto Chinese dinner tables in recent times. It is no wonder, then, that there is an...
Asia travel search engine Wego gets $17m in Series C funding
Crescent Point has led a Series C round of funding worth $17 million for Wego, an Asia travel search engine. Victoria Capital and existing investor Tiger Global also participated.
Baird backs China children’s education platform
Baird Capital, the private investment arm of Robert W. Baird, has committed an undisclosed sum to Peter Winn, former China president at English First Professional (EF), to explore education sector investments in the country.
Investors commit $100m to another Rocket Internet Asia retail start-up
Southeast Asian online retailer Lazada has raised $100 million through a new round of funding led by Verlinvest, a Beglium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing investors Holtzbrinck Ventures, Kinnevik...
SEAVI Advent reaches $125m first close on Fund VI
SEAVI Advent Private Equity, the Asian arm of Advent International, has reached a first close of $125 million on its six fund - SEAVI Advent Equity Fund VI. Commitments came from high net worth individuals, corporate institutions and family offices, while...
China’s Dalian Wanda buys PE-backed yachtmaker Sunseeker
Dalian Wanda Group has sealed a deal to acquire a 91.81% stake in Britain’s largest luxury yachtmaker Sunseeker – backed by Irish private equity firm FL partners - for GBP320 million ($495 million). The deal is expected to close by mid-August.
Hawkesbridge seeks Australian bottled water company exit
Hawkesbridge Capital is seeking a potential buyer for Noble Beverages, the Australian company behind the bottled water brand Pureau.The Sydney-based private equity firm made a succession play for the family-owned company back in 2004, acquiring a majority...
Tencent leads $150m financing round for Fab.com
Chinese internet group Tencent has led a $150m round of investment for US online design store Fab.com, in a fourth round of financing which is yet to close. The deal values the company at $1 billion, not including new capital raised.
Carlyle to exit Yashili stake to China Mengniu Dairy
The Carlyle Group has agreed to sell its 24% stake in Yashili International to domestic rival China Mengniu Dairy for about HK$3 billion ($387 million). This is part of a Mengniu bid for a majority interest in Yashili - its second lateral investment...