Financials
India's PE-backed Au Financiers files for IPO
Indian non-banking financial company (NBFC) Au Financiers has filed for an IPO, providing partial exits for its PE backers including Warburg Pincus, ChrysCapital, Kedaara Capital and the International Finance Corporation (IFC).
Jacob Ballas, NYLIM to invest in India's Centrum Capital
Jacob Ballas and New York Life Investment Management (NYLIM) will invest in CentrumDirect, the foreign exchange business of India-listed financial services company Centrum Capital.
Affinity-led consortium to buy GE stake in Korea's Hyundai Card
Affinity Equity Partners has teamed up with two LP co-investors - GIC Private and AlpInvest Partners - and Hyundai Commercial to acquire General Electric’s (GE) 43% stake in South Korean credit card business Hyundai Card.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
Indonesia's BCA launches fintech investment unit
Indonesia’s Bank Central Asia (BCA) has launched a venture capital investment arm that will focus on financial technology.
Alibaba's Ant Financial to buy THL-backed MoneyGram
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
IFC proposes $55m investment in Bangladeshi bank
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $55 million in Bangladesh’s Dhaka Bank.
IFC proposes $150m investment in Thai bank
The International Finance Corporation (IFC), the private investment arm of the World Bank, plans to invest up to $150 million in Thai lender TMB Bank.
India's Muthoot Microfin raises $19m from US-based GP
US private equity firm Creation Investments has committed about INR1.3 billion ($19 million) for an 11% stake in Indian microfinance services provider Muthoot Microfin.
Apax exits India's Cholamandalam
Apax Partners has completed its exit from Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance.
500 Startups closes Thailand fund at $15.4m
500 Startups has reached a final close of $15.4 million on its Thailand-focused early-stage fund. It had originally targeted $10 million.
TPG targets up to $4.5b for seventh Asia fund
TPG Capital is seeking between $4 billion and $4.5 billion for its seventh pan-Asian fund, having closed the previous vehicle at $3.3 billion in 2014 after a challenging two-year-plus process.
Singapore's Marvelstone launches venture arm
Singapore-based private investment group Marvelstone has launched a venture capital arm that will focus on companies developing smart city technologies.
China auto financing platform Chedai gets $52m Series B
Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.
Strategics help One Inc hit the accelerator
Insurance giants Axa and Mass Mutual are backing H&Q Asia Pacific portfolio company One Inc to ride the wave of modernization - and technology adoption - expected in China's insurance industry
H Capital joins $273m round for HNA's travel finance unit
H Capital has participated in a Series B-plus round of funding worth RMB1.9 billion ($273 million) for E-life Finance, the travel financial services unit of Chinese conglomerate HNA Group.
Advent invests in India's ASK Group
Advent International has bought a minority stake in Indian investment and wealth management business ASK Group.
SCPE commits $50m to India's IFMR, LeapFrog to part exit
Standard Chartered Private Equity (SCPE) has committed $50 million to Indian non-banking finance company (NBFC) IFMR Capital, providing an exit for LeapFrog Investments.
H&Q brings insurers into $20m round for US-based One Inc
H&Q Asia Pacific has participated in a $20 million round of funding for its US-based portfolio company One Inc, a maker of software-as-a-service (SaaS) products for the insurance industry.
Omidyar leads $10m Series B for India's Indifi
Omidyar Network has led a $10 million Series B round for Indian small business financial services provider Indifi.
KKR, Temasek invest $266m in India's SBI Life
KKR and Temasek Holdings have agreed to invest INR18 billion ($266 million) for a 3.9% stake in SBI Life, the life insurance subsidiary of the State Bank of India (SBI).
China's Huiyin Group launches $20m blockchain fund
Chinese investment firm Huiyin Group has launched a $20 million fund to invest in blockchain technologies.
XIO Group to acquire Israel's Meitav Dash for $387m
XIO Group, a PE firm founded by several Asia-based investment professionals with a view to buying companies in North America and Europe and helping them tap emerging market opportunities, has agreed to acquire Israeli investment firm Meitav Dash for ILS1.48...