Sectors
PE-backed e-Shang boosts Asia footprint through merger
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
Go Scale still committed to global deals, despite Lumileds setback
Go Scale Capital will continue to target international acquisitions, including in the US, despite the termination of a deal for Philips’ LED components and automotive lighting unit due to regulatory concerns.
CMC invests $100m in China sports marketing firm
CMC Holdings, an investment platform launched by Ruigang Li, founder of Chinese media-focused PE firm CMC Capital Partners, has invested $100 million in SECA, a Beijing-based sports marketing and management company.
Apis invests in India's EPS
Apis Partners has invested $25 million in Indian payments service provider Electronic Payments and Services (EPS).
KKR forms China distressed investment partnership
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.
China's Innovation Works seeks $250m for Fund III
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, is looking to raise $250 million for its third fund.
CITIC Capital leads round for China VR headset maker
CITIC Capital has led a RMB230 million ($35 million) round of funding for Baofeng Mojing, or Baofeng Magic Mirror, a Chinese virtual reality (VR) headset manufacturer.
SoftBank commits $14.7m to India's Housing.com
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
SAIF principals to form India early-stage fund
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
Spin-out of PE-backed SouFun set for China reverse merger
SouFun Holdings, a US-listed Chinese online real estate portal backed by the Carlyle Group and IDG Capital Partners, plans to spin out its online media and finance service units into a domestic backdoor listing.
NZVIF, Taiwan's NDF to anchor another VC fund
New Zealand Venture Investment Fund (NZVIF) and Taiwan’s National Development Fund (NDF) will each commit $7.5 million to a cross-border technology-focused fund.
Kazanah leads $160m round for Hong Kong's WeLab
Malaysian government-backed investor Khazanah National has led a $160 million Series B round of funding for WeLab, a Hong Kong-based mobile lending and credit analytics platform.
GPs look to adapt to a fast-changing China
China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
Japan's ChatWork raises $12.5 Series B round
Japan-based business chat platform ChatWork has raised $12.5 million in Series B funding from Jafco, SMBC Venture Capital and GMO Venture Partners.
China O2O services platform Meituan-Dianping raises $3.3b
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Deal focus: Bain revives FCI in Asia
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
Deal focus: Warburg Pincus backs intercity logistics
China's Yunniao wants to do for corporates in intercity delivery what Didi Kuaidi does for individuals in taxi services. Warburg Pincus has led a $100 million round to support expansion
Portfolio: Armstrong Asset Management and The Blue Circle
Thanks to a strong relationship between their respective founders, Armstrong Asset Management has helped The Blue Circle become an influential player in Southeast Asia’s renewable energy sector
China take-privates: New wave
Recent volatility notwithstanding, plenty of investors want to back China take-privates with a view to domestic re-listings at higher valuations. The company founders behind these deals are the big winners
China’s Lufax raises $1.2b round
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online finance platform controlled by Ping An Insurance Group, has completed a $1.22 billion round of funding.
SAIF, Norwest, Accel in $35m round for India's Swiggy
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
China Cocoon Network launches $720m European tech fund
London-based Cocoon Networks, which is backed private equity firms China Equity Group and Hanxin Capital, has launched a GBP500 million ($720 million) venture fund to invest in UK and European technology start-ups.