Media
TPG, OTPP return with full buyout offer for Australia's Fairfax
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have revised their bid for Australia’s Fairfax Media to a full buyout that values the business at approximately A$2.75 billion ($2 billion).
CMB PE unit leads round for Shanghai pop group developer
Shanghai Star48 Culture & Media, a media agency that developed Chinese female pop group SNH48, has raised a Series C round of funding led by CMB International Capital, a private equity unit of China Merchants Bank.
Tencent backs US music app Smule in Asia push
Chinese internet giant Tencent Holdings has led a $54 million funding round for Smule, a US-based social media music company, to support its expansion in Asia.
Singapore’s Garena rebrands as Sea, raises $550 million
Singapore-headquartered mobile internet and gaming platform Garena has rebranded as Sea and raised $550 million from a group of investors including existing backer Global Digital Prima (GDP) Venture of Indonesia.
TPG, OTPP pursue carve-up of Australia's Fairfax Media
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have submitted a buyout offer for Fairfax Media that would see them assume control of certain assets – including newspapers The Sydney Morning Herald, The Age and The Australian Financial Review...
Clairvest commits $74m to India game developer
Canadian private equity firm Clairvest Group has invested $73.7 million in Indian online game developer Head InfoTech.
NSSK acquires Japanese publishing group
Japanese private equity firm NSSK has acquired Bunkasha Publishing, a domestic media group focused on manga comics in both print and digital formats.
Accel, Shunwei lead $5m round for India's Mech Mocha
Accel Partners and Shunwei Capital have led a $5 million Series A round for Indian mobile gaming start-up Mech Mocha Game Studios.
Banyan leads round for China education courses platform
Banyan Capital has led a Series A round of funding for Lizhiweike, a Chinese online education mobile platform, with participation from existing investor GSR Ventures.
Addor Capital leads $12m round for China’s Yeecall
Addor Capital has led a $12 million pre-Series B round for Yeecall, a Chinese mobile app that allows users to make free voice and video calls, with participation from existing investors including Sinovation Ventures.
CMC forms partnership with Hollywood talent agency CAA
China media-focused private equity firm CMC Capital Partners has acquired a minority stake in Hollywood talent agency Creative Artists Agency (CAA) for an undisclosed sum.
CICC joins $108m round for China music streaming business
China International Capital Corp. (CICC) and two strategic investors have provided RMB750 million ($108 million) in funding for Chinese internet company NetEase's online music platform. The investment values NetEase Cloud Music at approximately RMB8 billion.
Hillhouse, FountainVest agree $1b Zhaopin take-private
Hillhouse Capital and FountainVest Partners, along with Australia’s Seek International, have agreed to buy US-listed Chinese recruitment website Zhaopin in a deal that values the company at $1.01 billion.
Jafco invests $12m in Singapore adtech firm AdAsia
Jafco Asia has invested $12 million in a Series A funding round for Singapore-based advertising technology company AdAsia Holdings.
FountainVest, CMC complete exit from IMAX China
FountainVest Partners and CMC Capital Partners have completed their exit from movie theater operator IMAX China, selling their last holding for an estimated HK$836 million ($108 million).
Oceanwide, IDG Capital complete purchase of International Data Group
China Oceanwide Holdings has completed its acquisition of International Data Group (IDG) and now holds a 90% stake in the target’s operating business, with IDG Capital owning the remaining 10%.
Park life: Chinese investors target theme parks
From Wanda Group to Walt Disney, China is filling up with theme parks. Investors see it as an opportunity to marry real estate development with the evolving consumption patterns
India's PE-backed Byju's gets $30m
Indian online education start-up Byju’s has received a $30 million investment from Verlinvest, an investment holding company created by the founders of Anheuser-Busch InBev.
Providence to scale back India operations
Providence Equity Partners, which invests globally in communications and media-related companies, is scaling back its India business, with country head Biswajit Subramanian (pictured) set to leave the firm.
India's Intex launches VC fund, backs local mobile player
Indian electronics manufacturer Intex Technologies has launched a technology-focused venture capital fund and made its first investment in online media platform Rooter.
Blackstone sells SeaWorld stake to Chinese trade buyer
The Blackstone Group has agreed to exit theme park operator SeaWorld by selling a 21% stake to Zhonghong Zhuoye Group – a Chinese real estate developer with an interest in leisure and tourism – for about $449 million.
Tencent leads $350m round for VC-backed Kuaishou
Kuaishou, a Chinese live-streaming video app backed by VC investors and search engine Baidu, has raised $350 million in a new round of funding led by Tencent Holdings.
Aion acquires India's PlanetCast, Kubera exits
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has bought a controlling stake in Indian broadcast technology services provider PlanetCast Media Services from investors including PE firm Kubera...
Alibaba assumes control of VC-backed online ticket platform
Alibaba Group has taken full ownership of Damai.cn, a leading Chinese online ticketing platform that previously raised funding from VC investors.