Sectors
IDFC, Micromax lead $15m Series C for India's TranServ
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
Innovation Works co-founder launches China seed fund
Zhaohui Wang, co-founder and formerly operating partner at Innovation Works, has launched a China-focused seed fund to invest in culture, media and sport-related assets.
Shamrock to support Silvergate Media's China push
US private equity firm Shamrock Capital Advisors has acquired a majority stake in Silvergate Media with a view to expanding the company’s presence in China.
Apollo, IFC form $1b emerging markets distress partnership
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
FountainVest, Focus Media launch $400m China sport fund
FountainVest Partners and its portfolio company Focus Media - a Chinese outdoor advertising business that went public via a backdoor listing last year - will launch a $400 million sport industry-focused fund.
Harvest leads $50m round for China's Hua Medicine
Harvest Fund Management has led a $50 million Series C round – which was more than 3x oversubscribed – for China-based clinical-stage diabetes treatment developer Hua Medicine.
Japan Post targets higher-yield assets
The new CEO of Japan Post Holdings has underlined his commitment to targeting riskier asset classes, including private equity and direct M&A opportunities. This comes as several local insurers are branching out into higher-return investments overseas...
Hillhouse leads $50m round for Korea's Baedal Minjok
China’s Hillhouse Capital has led a $50 million investment in Woowa Brothers, owner and operator of leading South Korean online food-ordering platform Baedal Minjok.
EQT invests in Singapore's In.Corp Group
EQT Partners has invested in Singapore-based corporate services provider In.Corp Group with a view to consolidating the company’s local presence and driving regional expansion.
Alibaba's UCWeb launches $20m India accelerator
UCWeb, a mobile browsing services company controlled by China's Alibaba Group, has launched a $20 million program to promote Indian start-ups focusing on games and apps.
Navis exits India's Classic Stripes through promoter buyback
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
Genesis backs Chinese second-hand machinery trading platform
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
China online flower seller Roseonly raises $31m
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China's Qiming to launch US healthcare fund
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.
SAIF participates in $155m round for Baidu video unit
SAIF Partners has participated in a RMB1 billion ($155 million) round of funding for Baidu Video, a new online video affiliate created by Chinese search giant Baidu.
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
PAG, Legend support $3.6b acquisition of US-based Lexmark
PAG Asia Capital and China's Apex Technology are leading a consortium - which also features Legend Capital - that has agreed to buy printing technology and enterprise software company Lexmark International for $3.6 billion.
ClearVue leads Series C for China O2O catering service
ClearVue Partners has led a $10 million Series C round for Yummy Express, a Beijing-based start-up that provides logistics services for online-to-offline (O2O) food-ordering platforms. SBCVC also participated in the investment.
Korea's VIG Partners buys parking management business
VIG Partners – formerly known as Vogo Investment – has agreed to buy an 83% stake in Korea-based parking management business HiParking for KRW27 billion ($23 million).
Kerogen to invest $63m in UK energy firm
Hong Kong-based energy investor Kerogen Capital has agreed to commit GBP44 million ($63 million) to UK-based oil and gas company Hurricane Energy.
GRC leads round for China auto services platform Weiche
Weiche, a mobile app that targets car owners in China, has completed a RMB152 million ($24 million) Series B round of funding led by GRC SinoGreen Fund.
Maverick leads $15m Series B for India's 1mg
Maverick Capital Ventures, the VC affiliate of hedge fund Maverick Capital, has led a INR1 billion ($15 million) Series B round for Indian online pharmaceutical platform 1mg.
Fund focus: GGV targets entire venture spectrum
With $1.2 billion in dry powder, Sino-US investor GGV Capital has positioned itself to participate in every phase of a start-up’s life, from seed to late-stage rounds. The GP is not put off by the market slowdown
Profile: Qiming Venture Partners' Gary Rieschel
Gary Rieschel’s career in venture capital began in the US before the dotcom bubble burst. Now the co-founder of China-based Qiming Venture Partners advocates a cautious investment strategy