Sectors
IFC commits $20m to India's Grameen Koota
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed up to INR1.4 billion ($20 million) to Indian microfinance institution (MFI) Grameen Koota.
Hony, CIC among anchors for BOC Aviation IPO
Hony Capital and China Investment Corporation (CIC) are among the cornerstone investors for a HK$8.7 billion ($1.1 billion) Hong Kong IPO for Bank of China’s aircraft leasing business, BOC Aviation.
Singapore's NRF seeds four corporate VC funds
Corporate VC funds operated by real estate developer CapitaLand, cloud services provider DeClout, agriculture company Wilmar International and logistics provider YCH Group will share S$40 million ($29 million) in seed funding from Singapore’s National...
WI Harper raises $175m Asia fund
WI Harper Group has closed its eighth venture capital fund, which targets early-stage investments in Asia-focused companies, at $175 million.
Mekong closes Vietnam fund at $112m
Mekong Capital has reached a final close of $112 million on its fourth Vietnam-focused fund. The original target for the vehicle was $150 million.
Geodesic closes $335m VC fund to bridge US, Asia
Geodesic Capital, a US-based venture capital firm focused on helping start-ups drive Japanese expansion, has closed its first fund at $335 million.
Hollywood fever: Alibaba targets the movies
An investment in Taobao Movie is essentially a bet on how the company can leverage what Alibaba Pictures might become, as well as on the broader Chinese box office
Fund focus: UC Capital looks to play matchmaker
UC Capital's Lions Growth Fund will give European manufacturers access to the connections and the capital in Asia they cannot get on their own.
Deal focus: WiL chisels start-up gold from corporate Japan
Having previously developed its technology under the wing of NTT Docomo, Soracom went independent with World Innovation Lab's assistance and is now targeting global expansion
Deal focus: CLSA CP school deal breaks new ground
CLSA Capital Partners makes what is likely the first-ever private equity investment in a Japanese cram school
GGV, Morningside lead $32m round for China fitness app
GGV Capital and Morningside Venture Capital have co-led a $32 million Series C round for Keep, a Chinese mobile app that provides fitness training programs.
Fosun Pharma makes offer for India's KKR-backed Gland
Hong Kong-listed drug maker Fosun Pharmaceutical has made a non-binding proposal to acquire Gland Pharma, an Indian pharmaceutical developer backed by KKR.
Japan's AbbaLab launches $14m start-up fund
AbbaLab, a Japanese start-up incubator focused on hardware prototyping in the internet-of-things (IoT) space, has launched a JPY1.5 billion ($14 million) fund.
Meridian Capital seeks $307m for China VC fund
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
China Everbright acquires elderly care business
China Everbright has acquired a 67.3% stake in Beijing Huichen Nursing Home Management, a healthcare services provider for more than 10,000 Chinese seniors.
Aura launches Australia-focused VC fund
Aura Group, an Australia and Singapore-based fund management and investment business, is raising an Australia-focused venture capital fund with a target corpus of A$30 million ($21.8 million).
Temasek, Advent seek majority stake in Crompton Greaves unit
Temasek Holdings and Advent International have launched an open offer to acquire a controlling stake in Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, for up to INR16.9 billion ($253 million).
CDH leads round for Alibaba Pictures ticketing business - update
CDH Investments' wealth management platform, Ant Financial Services and Sina Corp. have led a RMB1.7 billion ($260 million) Series A round of funding for the online movie ticketing platform of Alibaba Group’s Hong Kong-listed film and entertainment...
Tower Capital, Temasek bid $196m for China TCM player
Tower Capital, a vehicle controlled by former 3i and Actis Capital Partners executive Danny Koh, is partnering with Temasek Holdings in a S$269 million ($196 million) takeover bid for traditional Chinese medicine (TCM) operator Eu Yan Sang International.
Matrix, Nexus in $13.5m Series C round for India's Stayzilla
Matrix Partners India and Nexus Venture Partners have committed $13.5 million in Series C funding to Indian hotel and home-stay reservation app Stayzilla.
China’s Wanda Cinema to acquire PE-backed Wanda Media for $5.7b
Wanda Cinema Line, China’s largest cinema chain operator, plans to acquire its movie-making affiliate Wanda Media, which is backed by several PE investors, for RMB37.2 billion ($5.7 billion) in a cash and stock swap.
Apple invests $1b in China ride-hailing app Didi Chuxing
Apple has made $1 billion strategic investment in Didi Chuxing, China's leading ride-hailing app operator.
Max, Goldman invest $5m in India's Azure
Max Group and Goldman Sachs have invested INR335 million ($5 million) in Indian restaurant operator Azure Hospitality.
CLSA Capital Partners backs Japan school operator
CLSA Capital Partners (CLSA CP) has invested in Japanese school operator BC Ings through its Sunrise II buyout fund.