Sectors
Unison sells Asahi Tec casting assets to India's Amtek Auto
Asahi Tec, a Japanese auto-parts supplier controlled by Unison Capital, has agreed to sell a portfolio of companies covering casting and forging to India's Amtek Auto.
Brinc launches Hong Kong's first internet of things accelerator
Hong Kong-based early-stage investor Brinc has launched an internet of things (IoT) accelerator program, with a view to developing the city into a global technology hub.
VC-backed PropTiger buys local rival Makaan
Indian property marketing platform PropTiger, which is backed by Accel Partners, Horizen Ventures and SAIF Partners, along with News Corp, has bought online property listing and classifieds website Makaan for an undisclosed amount.
Cathay Capital leads round for FuRui's medical device unit
Cathay Capital has led a EUR30 million ($33 million) round of funding for Echosens, a France-based diagnostic medical device manufacturer owned by China’s Inner Mongolia FuRui Medical Science.
Denham platform Auctus offers to buy Australia's Mungana
Auctus Minerals, an Australian mining platform set up by Denham Capital, has submitted a takeover bid for listed miner Mungana Goldmines. It values the business at A$32.5 million ($26 million).
Tuscan Ventures exits India's LCL Logistix to strategic investor
Tuscan Ventures has exited its entire interest in LCL Logistix India to the logistics arm of France-based CMA CGM, the world’s third-largest container shipping company.
India's BuyingIQ bought by VC-backed CarDekho
Price comparison portal BuyingIQ has been bought for an undisclosed sum by Girnar Software, parent company of auto marketplace CarDekho, which is supported by Hillhouse Capital and Sequoia Capital.
LeapFrog to invest in Indonesia's Reliance Capital Management
Microfinance-focused investor LeapFrog Investments will lead a $45 million commitment to Reliance Capital Management, an Indonesian financial services provider. This is its first investment in the country.
J.P. Morgan real assets fund exits China's Goldtrust Water
China Water Affairs Group, a Hong Kong-listed integrated water service provider, has agreed to acquire Goldtrust Water Holdings for $109.71 million, facilitating an exit for J.P. Morgan’s real assets fund.
China's Huakang Mobile Healthcare raises $32m from VCs
Yunfeng Capital, Shenzhen Cowin Capital, New Horizon Capital and Hunan Haijie Healthcare Investment have provided RMB200 million ($32 million) in Series B funding for Huakang Mobile Healthcare, a Chinese mobile healthcare app developer.
Mitsui leads $21m round for India's Naaptol
Japanese trading house Mitsui has led a INR1.36 billion ($21 million) round for India home shopping and e-commerce start-up Naaptol Online Shopping. Existing investors New Enterprises Associates (NEA), Canaan Partners and Saama Capital also took part....
SAIF leads $3.5m Series A for India start-up tracker
Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.
KKR-backed China Cord Blood gets buyout offer from Golden Meditech
China Cord Blood, a US-listed blood banking operator in which KKR holds a minority stake, has received a take-private offer from its largest shareholder, Chinese healthcare company Golden Meditech.
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Fund focus: Brandon secures super fund support
With A$78 billion ($61 billion) in assets, AustralianSuper is said to struggle to make fund commitments of less than A$150 million. Yet it is one of several superannuation funds backing Brandon Capital’s latest life sciences VC vehicle, which has closed...
Ticket Monster tools up for e-commerce fight
EBay paid $1.2 billion for a dominant position in Korean online retail in 2009 with the privatization of NASDAQ-listed Gmarket. It was the leading e-commerce marketplace, accounting for KRW3.99 trillion (then $2.6 billion) of the country’s estimated KRW18.1...
Scaling up in financial comparison
Moneysupermarket.com started out in 1993 as an offline provider of mortgage information to financial intermediaries. It went online six years later as a retail business, allowing UK consumers to search and compare different mortgage products. Credit cards,...
Singapore's TradeGecko seals Series A round
When brothers Cameron and Bradley Priest, and Carl Thompson, arrived in Singapore from New Zealand to join start-up accelerator JFDI.Asia in 2012, the idea was to create a mobile app that would connect e-commerce companies with third-party platforms through...
PE and China franchising: Eat what you cook
Franchising is an effective way of establishing Western restaurant brands in China. Private equity firms have picked up on the opportunity, but it is not without risk. Local appeal and strong partners are essential
Southeast Asia payment platforms: Who pays?
When Philippine Long Distance Telephone (PLDT) bought a 10% stake in e-commerce incubator Rocket Internet for $444 million last year, the agreement had a notable addendum: the companies would develop a payments and remittance infrastructure for Rocket’s...
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
China online movie ticket app Weiying raises $105m round
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has completed a Series B round of funding worth $105 million.
Japan's Rebright launches $20m fund for India start-ups
Rebright Partners - an early-stage investor backed by a consortium of Japanese internet companies - has formed a JPY2.4 billion ($20 million) fund to invest technology start-ups in India.