Sectors
Shunwei commits $9.6m to China interior decorating platform
Shunwei Capital Partners has led a RMB60 million ($9.6 million) Series A round of funding for Ikongjian.com, a Chinese interior finishings site, with participation from H Capital and DST Advisors.
Carlyle makes $248m takeover bid for Hitachi metals unit
The Carlyle Group has made a tender offer to acquire Tokyo Stock Exchange-listed Hitachi Metals Techno, a second-tier subsidiary of Japanese conglomerate Hitachi, for JPY29.3 billion ($248 million).
Fortune backs Huimin’s B2C-B2B switch
Huimin started out in 2012 as an online B2C platform, enabling Chinese consumers to order daily household items from small-scale supermarkets in their neighborhood. The supermarkets took care of the delivery and Huimin got a commission on each transaction....
Longreach puts a ring on it
Is the spirit of romance ebbing away in Japan? Naoki Sawano, president of bridal jewelry specialist Primo Japan, suggested as much a couple of years ago. He held a trend among young people “to think of the proposal and the engagement ring as two separate...
India venture debt: Innovation capital
Led by SVB India, venture debt providers are beginning to take root in India. Can this nascent asset class replicated its success in developed markets and become a viable option for domestic start-ups?
AIF sells India's Famy Care to US-listed Myland for $750m
AIF Capital has sold its stake in Famy Care, an Indian maker of female oral contraceptives, to US-based pharmaceutical firm Mylan Laboratories for $750 million plus contingent payments of up to $50 million.
VC investors exit battery maker BTR to China Baoan Group
Qiming Venture Partners, JD Capital and other VC investors have made a full exit from BTR China after Shenzhen-listed property developer China Baoan Group won regulatory approval to acquire the lithium battery maker.
Australia's EMR Capital raises $450m for mining fund
Australian resources-focused private equity firm EMR Capital has reached a final close of $450 million on its specialist mining fund, beating the $400 million target.
Shanghai mobile marketing firm gets $35m in PIPE financing
Dodoca Information Technology, a Chinese enterprise mobile marketing solutions provider, will raise RMB222 million ($35 million) from investors including Shenzhen Capital Group and its mutual fund arm Hotland Innovation Asset Management.
Alibaba sets up non-profit VC unit to boost HK entrepreneurs
China’s Alibaba Group has created a HK$1 billion ($129 million) non-for-profit foundation to support Hong Kong start-ups.
Valiant leads $26m Series D for India's FirstCry
Valiant Capital Partners has led a $26 million Series D round for Brainbees Solutions, the Indian start-up behind babies and children-focused retailer FirstCry.com.
Sequoia leads Series B round for China P2P car-sharing app
Sequoia Capital has led a Series B round of funding for Tiantian Yongche, a Chinese peer-to-peer (P2P) car-sharing platform.
L Capital Asia exits India's PVR Leisure via share buyback
L Capital Asia has exited its stake in PVR Leisure, a unit of India multiplex operator PVR, via a share buyback arrangement with the parent.
Qiming, IDG back China B2B plastics trading platform
Qiming Venture Partners and IDG Capital Partners have led a $20 million Series A round of funding for Zhaosuliao.com, a Chinese B2B plastics trading platform.
Longreach buys jeweler Primo Japan from Baring Asia
North Asia-focused GP The Longreach Group has acquired Primo Japan from Baring Private Equity Asia, with a view to expanding the bridal jewelry specialist into mainland China.
Gobi, ABC lead $6m Series A for China's AutoBot
Gobi Partners and ABC Capital have led a $6 million Series A round for Chinese start-up AutoBot, which makes diagnostic tools for cars.
CDC invests $25m in rural-focused India rail freight business
CDC Group, the UK development finance institution (DFI), has committed $25 million to Indian railway freight handler Pristine Logistics.
Facebook co-founder leads round for Singapore property site
Eduardo Saverin, co-founder of Facebook and Singapore resident, has led a S$2 million ($1.5 million) round of seed funding for 99.co, a local property listings site. Sequoia Capital also participated alongside several entrepreneurs-turned-investors.
Clearwater makes partial exit from India's Oricon
Special situations investor Clearwater Capital Partners has made a partial exit from Mumbai-listed diversified company Oricon Enterprises, selling a 2.9% stake via an open market trade.
Lakeshore Capital invests $4.5m in Thailand steakhouse chain
Thailand-focused GP Lakeshore Capital Partners has invested $4.5 million in KT Restaurant, the Bangkok-based operator of mid-market steakhouse chain Santa Fe.
Japan's Gumi Ventures reaches a $16.9m close on Fund II
Gumi Ventures - the corporate venture arm of the Japanese mobile gaming company of the same name - has reached a JPY2 billion ($16.9 million) final close on its second fund.
L Capital Asia backs Saudi Arabia gourmet confectioner
L Capital Asia - a PE firm sponsored by luxury goods conglomerate LVMH - has secured its first Middle East investment with the acquisition of a minority stake in Bateel, a luxury confectioner based in Saudi Arabia.
CICC funds exit China TCM business as rival agrees $1.3b buyout
Two PE funds managed by China International Capital Corporation (CICC) will exit Jiangyin Tianjiang Pharmaceutical as China Traditional Chinese Medicine (China TCM) buys a majority stake in the business for up to RMB8.34 billion ($1.34 billion).
Hillhouse leads Series B for India auto portal CarDekho
Hillhouse Capital has led a Series B round of funding worth $50 million for GirnarSoft, owner and operator of India-based automobile trading platform and information portal CarDekho.