Consumer
Fund focus: Long Hill aspires to specialization
With the support of his former employer, New Enterprise Associates, Xiaodong Jiang has gone independent with Long Hill Capital. Early-stage healthcare and consumer services are now in his sights
Falcon House closes second Indonesia fund at $400m
Falcon House Partners has closed its second Indonesia-focused fund at the hard cap of $400 million, buoyed by continued optimism about the rise of domestic consumption and a favorable response to the Widodo administration’s policies.
Standard Chartered PE invests $40m in Vietnam's N Kid
Standard Chartered Private Equity (SCPE) has invested $40 million in N Kid, a Vietnam-based children’s media platform and retailer.
China video app developer Yixia raises $500m round
Chinese social media platform Weibo Corporation has led a $500 million Series E round of funding for Yixia Technology, a Beijing-based video app developer.
Thailand's Charoen Pokphand buys Bellisio from US GP
Thai agro-industrial giant Charoen Pokphand Foods (CPF) has acquired frozen meals specialist Bellisio from US private equity firm Centre Partners for $1.1 billion.
Taiwan's HTC launches $1.5b VR investment fund
HTC and the Shenzhen municipal government have agreed to set up a Chinese virtual reality (VR) research institute and a RMB10 billion ($1.5 billion) investment fund for the technology.
China fitness app Hotbody secures $15m
Chinese fitness app developer Hotbody has raised approximately RMB100 million ($15 million) in a new round of funding led by domestic GP Haodao Capital, with participation from existing investor Ameba Capital.
Portfolio: IVFA and India's HiCare
IVFA bought HiCare with an eye to cornering India’s nascent pest control market, but the firm’s ambitions for the company are much greater
General Atlantic backs Indonesia lifestyle retailer
General Atlantic has invested about IDR1.1 trillion ($80.5 million) in a food and beverage unit of diversified Indonesian lifestyle products retailer Mitra Adiperkasa (MAP).
Japan's Seven Dreamers receives $60m Series B round
Seven Dreamers Laboratories, a Japan-based manufacturer of personal-use devices, has raised a $60 million Series B round of funding from Panasonic, SBI Investment and construction company Daiwa House Industry.
China used car trading platform Souche raises $100m
Souche Holdings, a Chinese online second-hand car trading platform, has raised a $100 million Series C round of funding led by Alibaba Group’s financial services affiliate Ant Financial and car rental services provider Ucar.
Quadrant creates Australia experiential tourism platform
Quadrant Private Equity has made two further Australia tourism acquisitions, adding ferry and tour service Rottnest Express and cruise operator Cruise Whitsundays to a platform that already includes Great Southern Rail (GSR).
China's CIC to step up overseas direct investments
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
CHAMP-backed Accolade Wines acquires Australian competitor
Accolade Wines, an Australian wine producer owned by CHAMP Private Equity, has agreed to acquire domestic peer Fine Wine Partners from Japanese-owned food and beverage company Lion.
Hony emphasizes its global ambitions
Hony Capital has reiterated its commitment to helping Chinese companies go global, in addition to supporting international firms that want to maximize their exposure to China – and the firm established a presence in Shenzhen to address these opportunities.
Wattle Hill seeks $300m for Sino-Australian PE fund
Sydney-based private equity firm Wattle Hill RHC Funds has achieved a first close on its debut Sino-Australia cross-border fund with $200 million in commitments. The overall target is $300 million.
India's Centrum launches $75m PE fund
India-listed financial services company Centrum has launched a INR5 billion ($75.3 million) private equity fund to focus on domestic consumer-focused industries.
China online learning site Smartstudy raises $29m
Smartstudy.com, a Chinese online learning site, has raised a RMB200 million ($29 million) Series B round of funding led by Hong Kong-based private equity firm Golden Brick Capital.
Northstar backs SE Asia business accommodation supplier
Northstar Group has taken what is understood to be a minority stake in MG Group – a Southeast Asian “bedbank” that supplies hotel rooms to travel agents, wholesalers, aggregators and tour operators – for an undisclosed sum.
New Horizon pursues legal action over Japan's Sagami
Japanese GP New Horizon Capital has initiated legal action against Sagami, a domestic clothing retailer which it had targeted for acquisition. It claims the company accepted a weaker offer from rival PE bidder Aspirant Group.
Quadrant-backed UPG acquires Australia's Rockpool
Quadrant Private Equity has taken control of Australian restaurant operator Rockpool Group via a bolt-on acquisition by existing portfolio company Urban Purveyor Group (UPG).
TPG-owned Inghams scales back Australia IPO
Ingham’s Enterprises, an Australian poultry producer bought by TPG Capital three years ago, has scaled back its domestic IPO to a target of A$596.4 million ($457 million).
China Film, Pegasus Media launch $100m movie fund
China Film, the country's largest movie distributor, and Pegasus Media Group have joined Hong Kong’s Co-High Investment Management to launch a $100 million film fund focused on US-China co-productions.
Alibaba-backed Lazada buys Singapore's RedMart
Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet and recently acquired by Chinese e-commerce giant Alibaba Group, has bought Singapore-based online grocer RedMart.