Sectors
Deal focus: China's Remix plans to rattle Windows
"Many people look at us and think we're a hardware company. That's actually not accurate," says Jeremy Zhou, co-founder of Beijing-based Jide Technology. "What we really focus on isn't the hardware product but a new operating system (OS) inside the tablet."...
ICICI Venture exits India's Future Lifestyle
ICICI Venture has exited its stake in Future Group-owned India apparel company Future Lifestyle Fashion (FLF) through an open market transaction.
Deal focus: CLSA tools up with Astro Products deal
Two years ago CLSA Capital Partners made its maiden investment from Sunrise Capital II, a $210 million Japan-focused fund that launched 16 months earlier. The company was BCN, a used car auction site operator based in Saitama prefecture, which CLSA acquired...
Marunouchi Capital exits Japanese toymaker Takara Tomy
Marunouchi Capital has sold the last of its stake in Japanese toymaker Takara Tomy via an open market sale.
Indian regulator rejects Baring Asia's Sharekhan buyout
India's Foreign Investment Promotion Board (FIPB) has rejected Baring Private Equity Asia's bid to buy IDFC's stake in Mumbai-based brokerage Sharekhan.
Lixil unit files for insolvency less than 18 months after PE exit
Japanese bathroom fitting company Lixil is set to lose at least JPY41 billion ($337 million) after its German-listed Chinese subsidiary, Joyou AG, filed for bankruptcy. Lixil acquired the business after it bought German faucet maker Grohe from TPG Capital...
Malaysia's Cocoaland rejects Navis buyout offer
Malaysian confectionary manufacturer Cocoaland Holdings has rejected a takeover bid from Navis Capital Partners that valued the company at MYR377.5 million ($104 million).
Tiger Global joins $134m placement for China's eHi
Tiger Global has joined hedge fund SRS Partners in a $134 million stock placement for Chinese car rental service eHi Car Services.
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
Zodius reaches $110m first close on India VC fund
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.
China's JD.com leads $70m round for VC-backed Fruitday
Chinese online retailer JD.com has led a $70 million Series C round for Fruitday, a China-based e-commerce site dedicated to selling imported fruit.
Focus Media to relist in Shenzhen via reverse merger
Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors in conjunction with company management, will re-list in Shenzhen through a reverse merger.
Bain set for another partial exit from Japan's Skylark
Bain Capital is set to make another partial exit from Japanese casual dining chain Skylark, reducing its stake from 66% to under 50%.
CLSA invests in Japanese automotive tools retailer
CLSA Capital Partners has acquired a majority stake in Japanese automotive tools retailer Worldtool in a deal that values the business at around JPY10 billion ($82.8 million).
Chinese consortium to buy US biotech firm Ambrx
A consortium of Chinese investors including Shanghai Fosun Pharmaceutical Group, Hopu Investments, CEL Healthcare Fund and WuXi PharmaTech will acquire Ambrx, a US-based biotech pharmaceutical developer.
China's Baozun gains on US debut after smaller-than-expected IPO
Chinese e-commerce platform solutions provider Baozun, which has several strategic and private equity backers, saw its stock gain 3.5% on its US trading debut following an IPO that priced below the indicative range.
Baring Asia agrees its largest-ever buyout
Baring Private Equity Asia has agreed to buy Vistra Group, a leading global provider of company formation, trust, corporate and fund administration services, in what is expected to be its largest-ever deal.
Warburg Pincus invests $200m in China serviced apartment chain
Warburg Pincus has made a follow-on investment in Mofang Gongyu, committing nearly $200 million across two rounds of funding for the Chinese serviced apartment developer.
CalPERS, QIC agree $764m Asia infrastructure partnership
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Ant Financial launches $160m internet finance fund
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.
IFC invests $150m in China's Tian Lun Gas
International Finance Corporation (IFC) and its subsidiary IFC Asset Management (AMC) have invested $150 million in Hong Kong-listed gas supplier China Tian Lun Gas Holdings.
Qiming leads $30m round for China internet security firm
Qiming Venture Partners has led a $30 million Series B round of funding for FraudMetrix, a Chinese internet security solutions provider.
US digital payment firm raises $28m for Asia expansion
US-based online payment system developer Ripple Labs is looking to expand in Asia on the back of a $28 million Series A round provided by investors including IDG Capital Partners and AME Cloud Ventures.
Go Scale sets up PE exit of China's Lattice Power
Go Scale Capital has led a transaction whereby a majority stake in its Chinese portfolio company, Lattice Power, has been sold to Shunfeng International Clean Energy (SFCE). The sellers will receive HK$2.04 billion ($263 million) worth of shares in Hong...