Sectors
India B2B logistics start-up BlackBuck gets $25m
Tiger Global, Accel Partners, Flipkart and a fund linked to Yuri Milner of DST Global have committed $25 million in Series B funding to BlackBuck, an India-based business-to-business logistics start-up.
MSPEA exits Sino Gas stake to investment partner
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Sino Gas to Zhongyu Gas. The buyer participated alongside MSPEA in the privatization of Sino Gas last year and will now take a majority stake in the business.
Paine & Partners buys Australia's AgBiTech
Paine & Partners, which focuses on the global food and agribusiness industry, has acquired a majority stake in AgBiTech, an Australia-based producer of biological insecticides for crops.
Australia's First State Super to invest in fintech start-ups
First State Super has teamed up with VC firm H2 Ventures to support financial technology start-ups. The Australian superannuation fund expects to deploy around A$250 million ($182 million) in technology innovation.
General Atlantic promotes Mumbai-based Sood to principal
General Atlantic has promoted Mumbai-based Rajat Sood to principal. He has been with the firm since 2007 and was previously vice president.
AVCJ Awards 2015: AVCJ Special Achievement: Ta-Lin Hsu
As founder and chairman of H&Q Asia Pacific, Ta-Lin Hsu has played a key role in the development of private equity in Asia. He continues to look for ways to spread innovation
AVCJ Awards 2015: Venture Capital Professional of the Year: Neil Shen
Neil Shen, managing partner of Sequoia Capital China, on identifying stand-out entrepreneurs and the competitive dynamics of a maturing start-up ecosystem
AVCJ Awards 2015: Operational Value Add: ECO Industrial Environmental Engineering
Navis Capital Partners saw in ECO Industrial Environmental Engineering a potential leader in the hazardous waste management industry. Getting there was tougher than expected
AVCJ Awards 2015: Exit of the Year - Large Cap: Spotless Group
Pacific Equity Partners took about 12 months to reel in cleaning and catering contractor Spotless, but swift improvements resulted in a 2.4x return within the two years
AVCJ Awards 2015: Exit of the Year - Mid Cap: Bushu Pharmaceuticals
Tokio Marine aimed to awaken the ambition of Japan’s Bushu Pharmaceuticals and show how a good GP can turn companies around. A 6x return was its reward
AVCJ Awards 2015: Exit of the Year - IPO: Hong Kong Broadband
Having acquired Hong Kong Broadband Network in 2012, CVC Capital Partners built on an already successful business, which continues to outperform in the public markets
AVCJ Awards 2015: Deal of the Year - Large Cap: Halla Visteon Climate Control
Hahn & Co spent three years talking to Visteon about its Korean subsidiary Halla Visteon Climate Control before sealing a proprietary deal supported by innovative funding
AVCJ Awards 2015: Deal of the Year - Mid Cap: SBI Life Living
Advantage Partners leveraged its expertise in corporate carve-outs to acquire SBI Life Living. It plans to split the business in two so that each half can achieve its full potential
AVCJ Awards 2015: Deal of the Year - Late Stage Technology: Didi Kuaidi
Having raised $3 billion in the largest-ever private funding round for a start-up, newly-merged Didi Kuaidi is looking to put past rivalries behind it
AVCJ Awards 2015: Fundraising of the Year - Venture Capital: Banyan Capital
Set up in 2013, Banyan Capital got busy quickly in China’s early-stage space and is now managing its second US dollar fund, which closed at $362 million
AVCJ Awards 2015: Deal of the Year - Early Stage Technology: Ninebot
China-based electric scooter manufacturer Ninebot made an aggressive move into the US with the purchase of Segway. VCs were happy to support the deal
Deal focus: GFS brings Navis meaty returns
Having acquired Golden Foods Siam from a foreign parent that didn't want it and given management the resources to pursue expansion, Navis Capital Partners has sold the business to a strategic buyer for a 3.4x return
Deal focus: J-Star sees low-voltage potential
Japan-based energy savings solutions provider ESCO is expected to benefit from increased consumer awareness of efficiency issues and a shake-up in the broader utilities space
Nexus announces $450m final close on fourth India fund
Nexus Venture Partners has closed its latest fund, Nexus Ventures IV, at $450 million, bringing its total capital under management to over $1 billion.
CPPIB, Temasek join $7b pre-IPO round for China's PSBC
Canada Pension Plan Investment Board (CPPIB) and Temasek Holdings have participated in a RMB45.1 billion ($7.5 billion) pre-IPO funding round for The Postal Savings Bank of China (PSBC)
Cathay leads Series D for China female social network
Cathay Capital Private Equity has led a Series D round of funding for Meet You, a Chinese social networking platform for women.
Venturra invests in Singapore's BitX
Venturra Capital, the recently launched Southeast Asia VC firm sponsored by Lippo Group, has invested an undisclosed amount in Singapore-based bitcoin start-up BitX.
TPG buys 50% of Myanmar spirits producer
TPG Capital has acquired a 50% stake in Myanmar Distillery Company Group (MDC), the Southeast Asian country’s leading manufacturer and distributor of spirits, including top domestic whisky brand Grand Royal.
IFC commits $25m to SBCVC's fifth China fund
The International Financial Corporation (IFC), the private investment arm of the World Bank, plans to invest $25 million in the latest fund raised by SBCVC, previously known as SoftBank China Venture Capital.