Sectors
Indian regulator approves Baring Asia's acquisition of CMS
Baring Private Equity Asia has received permission from India's Competition Commission to acquire ATM management service CMS Info Systems, providing an exit for The Blackstone Group.
CLSA backs Japanese food and beverage maker
CLSA Capital Partners have invested an undisclosed sum in Asamiya, a Japanese low-cost food and beverage (F&B) manufacturer.
Chinese face recognition start-up raises $25m
Face++, a Chinese producer of facial recognition software, has raised $25 million from unnamed investors as part of its Series B round.
China's BeiGene raises $97m from PE investors
BeiGene, a Chinese company that develops drugs to combat cancer, has raised RMB600 million ($97 million) in a funding round led by existing investors Hillhouse Capital and an undisclosed US-based life sciences-focused public investment fund.
TPG sells Shriram City Union Finance stake to Apax
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
SCPE invests in TT Internationals Indonesia business
Standard Chartered Private Equity (SCPE) has invested $42 million in Singapore-based TT International's (TTI) retail electronics business in Indonesia.
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
China's Yunfeng, Wanda back sports entertainment business
Yunfeng Capital and conglomerate Dalian Wanda Group have led a Series A round of funding worth RMB800 million ($129 million) for LeTV Sports, a Chinese sports channel.
CEO of India's Housing.com transfers all his shares to staff
Rahul Yadav, the controversial CEO of VC-backed Indian property listing platform Housing.com, has said he will transfer all his shares in the company to its employees.
EMR serves as cornerstone for Highfield Resources placement
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
Australia backs crowdfunding scheme, offers start-up tax breaks
The Australian government has allocated A$7.8 million ($6.2 million) to develop crowd-sourced equity funding (CSEF) and offered tax breaks for start-ups in its latest federal budget.
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
CLSA seals second Asia diapers deal
CLSA Capital Partners (CLSA CP) has invested RMB150 million ($24.5 million) in Coco Healthcare Products, a Chinese manufacturer of diapers for adults and babies. It plans to help the company boost its export business.
Korea's Posco, Green Cross lead round for US-based Juventas
South Korea-based Posco Capital and biopharmaceutical player Green Cross have led a $7.5 million round for Juventas Therapeutics, a clinical-stage biotech development company based in the US.
Deal focus: CITIC tries Mark Styler on for size
China's appetite for fashion is massive and growing. A recent report by the Fung Business Intelligence Centre put the country’s apparel retail market at around RMB1.14 trillion ($187 billion) in 2013, up 11.6% from the previous year. China is expected...
Deal focus: Canva's simple design wins VC support
When Australian entrepreneur Melanie Perkins taught design in schools, she noticed that students struggled when using traditional software such as Adobe Photoshop and InDesign. Clearly there could be a simpler solution.
Deal focus: Warburg Pincus rides with China's eDaijia
It is estimated that around three shots of soju is sufficient for an adult to attain a blood alcohol content of 0.05% and therefore be in violation of Korea’s laws that prohibit driving while intoxicated. Punishments start at six months in jail or a KRW3...
India e-commerce: Grocery growth spurt
There has been a proliferation of start-ups in India’s online grocery sector, and investors have taken notice. But the companies that survive in the harsh competition to come will have to be tough
PE tech boom: High stakes
It is still only May but Asia has seen 28 deals in the technology, media and telecom (TMT) space of $100 million or more. This compares to 31 in 2014 and an average of approximately 14 for the eight years before that.
PE, Alibaba-backed Baozun set terms for US IPO
Baozun, a Chinese e-commerce platform solutions provider that has several strategic and private equity backers, has set terms to raise up to $177.1 million through a US IPO.
Primavera leads $50m round for China online advertising platform
Primavera Capital has led a $50 million Series D round of funding for Miaozhen Systems, a Chinese third-party big data company that specializes in advertising services.
Thailand's aCommerce raises $5m from existing backers
Existing investors including Ardent Capital, Indonesian conglomerate Sinarmas and Inspire Ventures have committed $5 million to aCommerce, a Thailand-based e-commerce services provider.
GEMS invests $20m in East China Sea energy player
GEMS, a natural resources-focused PE firm, has subscribed to a $20 million convertible bond issued by Primeline Energy Holdings (PEH) to support development of its East China Sea oil and gas interests.
Australia's Tank Stream raises $15.8m to back start-ups
Australia's Tank Stream Ventures has raised a A$20 million ($15.8 million) fund to invest in local tech start-ups.