Media
L Capital Asia leads cornerstones for Asiaray Media’s HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).
Carlyle to pay $483m for GE's AsiaSat stake, launch take-private
The Carlyle Group has agreed to acquire General Electric’s (GE) interest in Asia Satellite Telecommunications (AsiaSat) for up to HK$3.75 billion ($483 million) and then make a buyout offer for the Hong Kong-listed company.
PEP exits Australian cinema chain Hoyts to Chinese buyer
Pacific Equity Partners (PEP) has exited Australian cinema operator Hoyts Group to an investment vehicle set up by Xishuang Sun, chairman of Chinese property developer Dalian Yifang.
PE firms set for part exits as India’s VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
India Value Fund exits Radio City to trade buyer
India Value Fund Advisors (IVFA) has exited Music Broadcast, which runs FM radio station Radio City, to Jagran Prakashan, a listed Indian media conglomerate backed by The Blackstone Group.
Carlyle starts a new chapter with Newgen
When The Carlyle Group first parted ways with India-based publishing and technical services provider Newgen KnowledgeWorks in 2011 it was on good terms.
Beijing Enlight Media launches $160m VC fund
Chinese media and entertainment group Enlight Media has launched a venture fund with a target of RMB1 billion ($160 million).
Singapore’s Tembusu, China’s Bona to create $100m media fund
Singapore-based PE firm Tembusu Partners and local media entrepreneur Calvin Cheng have joined forces with Yu Dong, China Bona Film Group’s CEO, to launch a $100 million fund targeting China’s media and entertainment industry.
AVCJ Awards: Exit of the Year - Mid Cap: United Cinemas
United Cinemas was struggling in the face of macro headwinds and low consumer confidence, but Advantage Partners’ saw the bigger picture and delivered blockbuster returns
AVCJ Awards: Deal of the Year - Mid Cap: IMAX China
FoutainVest Partners and CMC Capital Partners are helping IMAX negotiate obstacles to expansion in China with the ultimate aim of taking the local unit public
Carlyle buys into India's Newgen for a second time
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
CHAMP PE-owned oOh! Media targets $141m Australia IPO
Australian outdoor advertising company oOh! Media, which is owned by CHAMP Private Equity, plans to raise A$166 million ($141 million) through an IPO.
Rakuten leads $10m Series A for Singapore’s PocketMath
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $10 million Series A round for PocketMath, a Singapore-based mobile advertising platform.
Japan VC-backed internet firm Kayac files for IPO
Kayac, a Japanese internet company backed by Globis Capital Partners and CyberAgent, has filed for its IPO on the Mothers (market of the high-growth and emerging stocks) section of the Tokyo Stock Exchange (TSE).
SAIF-backed HomeShop18 abandons US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has abandoned plans for a US IPO.
Quadrant-backed APN Outdoor sees shares jump 8% on debut
Shares in APN Outdoor - the Australian billboard advertising business backed by Quadrant Private Equity - jumped as much as 8.6% as the company debuted on the Australian Securities Exchange (ASX).
China mobile marketing firm Lomark raises $30m
A group of VC investors – DFJ DragonFund, KPCB, ABC Capital and Shenzhen Fortune Venture Capital – have committed $30 million in Series B funding to Lomark, a Chinese mobile advertising firm.
CVC-backed Link Net cuts size of Indonesia share sale
Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
Quadrant-backed APN Outdoor to raise $289m in IPO
Quadrant Private Equity will make a partial exit from ANP Outdoor as the Australian advertising business raises A$329.3 million ($289 million) through an IPO.
Telstra, Global Brain lead $19m round for India's Adnear
India location-based mobile advertising platform Adnear has raised a $19 million Series B round of funding from Telstra Ventures, the Australian telecom giant's corporate venture capital arm, and Japanese VC Global Brain.
SoftBank to buy VC-backed online video site DramaFever
Japanese telecom giant SoftBank has agreed to buy DramaFever, a streaming video service that specializes in Korean TV shows and movies. Financial details were not disclosed.
CVC set for partial exit from Indonesia’s Link Net
CVC Capital Partners is set for a partial exit from Link Net, Indonesia’s second-largest fixed-line broadband and cable TV operator, through a share placement.
Gree Ventures backs Japan marketing start-up
Japanese online marketing firm Somewrite has raised JPY100 million (about $1 million) from corporate venture capital arm Gree Ventures and other undisclosed investors.
Foxconn VC invests $98m in Taiwan Mobile
Hongyang Venture Capital Investment, a corporate investment arm of electronics manufacturer Foxconn Technology Group, has invested NT$2.98 billion ($98 million) in local telecom operator Taiwan Mobile.