Sectors
Sequoia, TrustBridge back China chemicals e-commerce site
Sequoia Capital and TrustBridge Partners have co-led a Series C round of funding for Molbase, a Chinese B2B e-commerce platform that sells chemical products.
Baring, Glenwood to buy LafargeHolcim's Korea business
Baring Private Equity Asia has agreed to buy LafargeHolcim’s Korea-based cement business in a joint deal with local GP Glenwood Private Equity worth approximately KRW560 million ($482 million).
GPs back Hong Kong's Orange Sky Golden Harvest
Hong Kong-based media group Orange Sky Golden Harvest Entertainment has raised RMB400 million ($61.5 million) from a group of investors including CITIC Securities-managed Credit Prosperity Fund and PE-backed Beijing Weiying Technology, which runs online...
Bain buys China hospital operator
Bain Capital has acquired a majority stake in China-based hospital operator Asia Pacific Medical Group (APMG) for $150 million. With many investors pursuing hospital roll-up strategies – and pushing up M&A valuations – it will focus on expanding the...
IFC, Sabre anchor HealthCare Global's India IPO
The International Finance Corporation (IFC), Sabre Partners and other anchor investors have committed INR2.92 billion ($43.6 million) to Indian cancer care services provider HeathCare Global Enterprises as part of its IPO.
PE investors to exit China's Happigo Home Shopping
Hony Capital, CITIC Private Equity and Sequoia Capital are set to exit Happigo Home Shopping, a Shenzhen-listed online and TV shopping subsidiary of Hunan TV.
CDH exits Beijing Digital Telecom
CDH Investments has made a full exit from Hong Kong-listed Beijing Digital Telecom (BDT), one of China’s largest mobile retail chains, raising HK$366.93 million ($47 million).
Ping An leads $10m Series A for Hong Kong's Prenetics
Ping An Ventures, the VC arm of China's Ping An Insurance Group, has led a $10 million Series A round for Hong Kong-based genetic test developer Prenetics.
US PE firm leads $41m round for Japan's Takeda
US-based GP Frazier Healthcare Partners is leading a $41 million Series A round for Japanese medical research and development company Takeda Pharmaceutical.
VIDEO: Lunar Capital's Derek Sulger
The key to persuading a Chinese entrepreneur to give up control of a company is not to approach him as a private equity firm, but as someone who knows how to run the business, says Derek Sulger, a partner at mid-market consumer buyout firm Lunar Capital
Polaris acquires Japanese power sector supplier
Polaris Capital has acquired Japanese power generation equipment and services company Yodogawa Transformer with a view to leveraging increased electricity demand related to the 2020 Tokyo Olympics.
VC-backed SMIT targets up to $37m in Hong Kong IPO
SMIT Holdings, a China-focused provider of payment systems and security devices for TV broadcasters, which has several VC investors, is looking to raise as much as HK$291 million ($37 million) through a Hong Kong IPO.
VC-backed Gunosy commits $5m to Indonesia's Kurio
Gunosy, a listed Japanese news app backed by VC firms Jafco and B Dash Ventures, has committed IDR67 billion ($5 million) to Kurio, a similar company based in Indonesia.
China's HNA to invest $184m in Le Sports Series B round
Chinese conglomerate HNA Group has agreed to invest RMB1.2 billion ($184 million) in Le Sports, a unit of LeTV Holdings, as part of a Series B funding round for the company.
Tencent leads $100m round for China Douyu TV
Douyu TV, a Chinese online platform that features live videos of people playing games, has completed a $100 million round of funding led by Tencent Holdings.
Vertex leads $5m investment in Singapore's InstaRem
Singapore-based fintech start-up InstaRem has raised a $5 million Series A round led by Vertex Ventures, the VC arm of Temasek Holdings.
Deal focus: European GPs net 17x return on China play
Punch Powertrain took advantage of gaps in China's auto supply chain to become the leading independent transmission supplier. It has turned out to be a hugely successful investment for Gimv and Capricorn Venture Partners
China fintech: Transition time
Capital continues to flow into China’s internet finance industry, but competition and regulation are changing the dynamics. VC investors can do well, provided they stay ahead of the game
China unicorns: Which bubble?
Differentiated business models and strong underlying consumer demand are integral to identifying a start-up that can reach a $1 billion valuation - and retain it once the bubble bursts
AID Partners to list HMV in Hong Kong via reverse merger
AID Partners is poised to list the HMV Asia business in Hong Kong through a reverse merger, a couple of weeks after making a partial exit from the music and movie retailer to Japan’s World Innovation Lab (WiL).
Japan hiking app provider Yamap raises $1.5m
Japan-based Hiking app provider Yamap has raised JPY170 million ($1.5 million) in a Series A funding round led by mobile gaming services company Colopl.
Deal focus: Mandarin sees Chinese future for Italian machinist
When Italian machine parts manufacturer Marval came to Mandarin Capital Partners with an investment opportunity, the private equity firm had been quietly enhancing its profile on a canvass of multiple macro developments.
Profile: Trifecta's Rahul Khanna
Rahul Khanna drew on his experiences in Silicon Valley to identify and then fill a gap in India’s VC landscape. The result was Trifecta Capital, the country’s first venture debt fund
CPPIB, Kotak form $525m India distressed asset vehicle
Canada Pension Plan Investment Board (CPPIB) will partner with Kotak Mahindra Group to invest up to $525 million in distressed assets in India.