Sectors
JKL, Harim Group named preferred bidder for Korea's Pan Ocean
JKL Partners and a unit of South Korean agricultural conglomerate Harim Group have been named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean.
India Value Fund exits Radio City to trade buyer
India Value Fund Advisors (IVFA) has exited Music Broadcast, which runs FM radio station Radio City, to Jagran Prakashan, a listed Indian media conglomerate backed by The Blackstone Group.
Hahn & Co leads $3.6b acquisition of Visteon's Korean unit
US auto parts maker Visteon Corp. has agreed to sell a 70% stake in its South Korea-based subsidiary Halla Visteon Climate Control Corp. (HVCC) to Hahn & Co. and Hankook Tire for around $3.6 billion.
EQT bakery investment proves out
EQT's 2010 acquisition of a controlling stake in Chongqing New Qinyuan Bakery – which it has just exited to Swire Pacific – was something of a coup for the European mid-market GP. Not only did the firm overcome several competitors, but it also managed...
Carlyle starts a new chapter with Newgen
When The Carlyle Group first parted ways with India-based publishing and technical services provider Newgen KnowledgeWorks in 2011 it was on good terms.
Hony takes a trip to Tuniu
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
Five trends for 2015
After a mixed 2013, Asian private equity has enjoyed an impressive 2014. But what do the next 12 months have in store? Here are some ideas…
SoftBank leads $90m round for India's Housing.com
SoftBank Group is leading a $90 million round of funding for Locon Solutions, operator of property listing platform Housing.com. It will become the largest investor in the business.
L Capital-owned Jones the Grocer enters administration in Australia
The Australian operation of Jones the Grocer, a gourmet food retailer majority-owned by L Capital Asia, has gone into administration but is expected to stay open while undergoing a restructuring.
CVC to sell most of its stake in Philippines lender RCBC
CVC Capital Partners is set to make a partial exit from Rizal Commercial Banking Corporation (RCBC) as Cathay Life Insurance confirmed it had agreed to buy a 20% stake in the Philippines lender for PHP17.92 billion ($400.5 million).
PE-backed Maxpower sells stake in Myanmar unit to Mitsui
Mitsui & Co. has acquired a 44% stake in the Myanmar business of Maxpower Group, a Southeast Asia –focused gas power plant developer backed by Standard Chartered Private Equity (SCPE).
H Capital leads round for China childcare e-commerce site
H Capital has led a Series C round of funding worth $60 million for Beijing Huawang Online Commerce, which operates childcare-focused Chinese e-commerce platform Miyabaobei.com.
Blackstone joins $1.1b financing for Singapore property developer
The Blackstone Group is backing an investment platform launched by City Developments (CDL) that will enable the Singapore real estate firm to raise S$1.5 billion ($1.1 billion) in return for exposure to cashflows generated by properties on the resort...
Hony leads $148m investment in VC-backed tour operator Tuniu
Hony Capital has led a $148 million round of funding for Tuniu, a US-listed Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital.
GGV leads Series B for China auto after-sales service platform
GGV Capital has led a $30 million Series B round of funding for Yangche Diandian, a Chinese mobile app that focuses on automotive after-sales services.
Globis invests $6.7m in Japan's Neo Career
Globis Capital Partners has led a JPY800 million ($6.7 million) round of investment in Neo Career, a Japanese firm that offers online staffing and recruitment services.
NAB sells additional $1.9b in UK property loans to Cerberus
National Australia Bank (NAB) is selling another GBP1.2 billion ($1.9 billion) parcel of distressed UK real estate loans to New York private equity firm Cerberus Capital Management.
Beijing Enlight Media launches $160m VC fund
Chinese media and entertainment group Enlight Media has launched a venture fund with a target of RMB1 billion ($160 million).
Qualcomm Ventures invests $40m in Chinese start-ups
Qualcomm Ventures - the eponymous VC arm of the US semiconductor giant - has invested $40 million in four Chinese start-ups and Walden International's latest VC fund.
Ping An VC unit leads round for social investment network
Ping An Ventures – an investment unit of China’s Ping An Insurance – and Russia-based SBT Venture Capital have led a $27 million round of funding for social investment network eToro.
China social mobile app Pengpeng raises $17m from VCs
Pengpeng, a Chinese social mobile gaming app, has raised $17 million in a Series B round of funding from KPCB China, Ventech Capital and Magic Stone Alternative Investments.
India's Linkstreet raises Series A round from Faering
Faering Capital has provided a Series A round of funding for Linkstreet, an Indian start-up that has developed a cloud-based video learning and collaboration platform for the healthcare and education sectors.
Hony, Goldman lead investment in Neusoft medical device units
A consortium including Hony Capital, Goldman Sachs and Canada Pension Plan Investment Board (CPPIB) has agreed to invest $610 million in two medical device subsidiaries owned by Neusoft Corporation, a Chinese IT services provider.
VC-backed China dating-app gains 26% on US trading debut
Chinese VC-backed mobile dating app Momo gained 26% on its first day of trading on NASDAQ following a $216 million IPO.