Sectors
Fund focus: Rising tide floats Golden Gate fund
Golden Gate Ventures has raised a new $60 million fund for investments in Southeast Asia's burgeoning mobile internet sector
Portfolio: New Horizon Capital and Tachikichi
New Horizon Capital has turned around ceramics maker Tachikichi by emphasizing its unique connections to Japanese culture. Now the GP hopes that strategy can take the company beyond its old restraints
China vacation rental site Tujia acquires VC-backed peer Mayi
VC-backed Chinese vacation-rental website Tujia.com has agreed to take control of its industry peer Mayi.com, which has also received venture investment, for an undisclosed sum.
Jafco leads $20m Series A in Singapore's Quoine
Jafco has led a $20 million Series A financing round for Quoine, a Singapore-based bitcoin trading platform.
SoftBank exits Finland's Supercell to Tencent in $10.2b deal
Tencent Holdings has agreed to buy a majority stake in Finland-based mobile game developer Supercell, allowing SoftBank to exit its entire holding in the company in a deal valuing it at $10.2 billion.
Korean PE-backed Acushnet files for US IPO
Acushnet Holdings, a golf equipment and apparel business backed by Korean PE investors, has filed for an US IPO.
Indian government announces FDI liberalization
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
KKR exits French energy firm to Australia's First State
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
NewMargin leads $10.6m round for China’s Flower Plus
NewMargin Ventures has led a RMB70 million ($10.6 million) Series A round of funding for Flower Plus, a Chinese mobile flower ordering platform.
Carlyle hires ex-Johnson & Johnson chair to advise Asia buyout
The Carlyle Group has hired Jesse Wu, the former chairman of Johnson & Johnson China, as a senior advisor to the firm’s Asia buyout team.
OrbiMed, Chinese strategic to buy Canadian healthcare player
OrbiMed will consolidate its control of Canada-listed clinical equipment producer Response Biomedical in an C$11.1 million ($8.6 million) take-private deal including participation by Shanghai Runda Medical Technology.
Tax law eased for Indian start-up investments
India's Central Board of Direct Taxes (CBDT) has implemented an exemption on income taxes for investments in some start-ups.
TPG buys stake in Philippines rural bank
TPG Capital’s growth unit has agreed to buy a 40% stake in One Network Bank (ONB), the rural subsidiary of mainstream Philippines lender BDO. Financial terms were not disclosed.
HighLight Capital leads $7.6m round for TCM play
Chinese healthcare-focused GP HighLight Capital has led a RMB50 million ($7.6 million) Series B round for Jun He Tang, a traditional Chinese medicine (TCM) business, followed by existing investor Qiming Venture Partners.
SAIF leads $12m round for India's ClearTax
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Shenzhen Hepalink commits $60m to TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
Lei Jun, CEO withdraw take-private proposal for China's YY
The chairman and CEO of YY, a VC-backed Chinese social networking platform, have withdrawn their take-private bid for the company. The move comes as regulators study the impact of overseas-listed companies re-listing domestically through IPOs, M&A and...
Sequoia leads $20m Series B for India's Voonik
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.
China search giant Baidu launches $303m media fund
Baidu, China's leading internet search provider, has set up a RMB2 billion ($303 million) fund that will support the production of at least 30 movies over the next two years.
Pavilion invests $5.8m in Japan’s Soracom
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has committed JPY600 million ($5.8 million) to Japanese internet-of-things (IoT) company Soracom.
Deal focus: AGIC boosts Gimatic’s global automation ambitions
Sino-European investor AGIC Capital has acquired Italy-based Gimatic with a view to boosting sales of the company's robotics components in Asia
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
India's Lok Capital reaches $40m first close on third fund
Indian venture capital firm Lok Capital has reached a first close of $40.5 million for its third fund, which is targeting a $100 million total corpus within 12-18 months.
IFC to anchor $200m round for India's Glenmark
The International Finance Corporation (IFC), the investment arm of the World Bank, will anchor a planned $200 million funding round for India's Glenmark Pharmaceuticals, committing up to $75 million.