Sectors
Jafco invests $1.2m in Japan's Interactive Solutions
Jafco Ventures has invested JPY150 million ($1.2 million) in Interactive Solutions, the Tokyo-based start-up behind enterprise marketing and productivity app Interactive-Pro.
Blackstone agrees $653m carve-out of Orica's chemicals business
The Blackstone Group has agreed to buy the chemicals division of Orica, an Australian supplier of explosives and blasting equipment to the mining industry, for A$750 million ($653 million).
Quadrant set for partial exit via Estia Health’s $726m IPO
Quadrant Private Equity will exit as much as half of its stake in Estia Health as the Australian aged care provider seeks to raise up to A$834 million ($726 million) through an IPO. The private equity firm bought the business in October 2013.
Sailing to the Maldives
China has become the primary source of tourists to the Maldives. In the first six months of 2014, more than 170,000 Chinese travelers flocked to the islands, up 20% year-on-year. They accounted for nearly one in three visitors, according to the Maldives...
J-Star in hospice care double deal
Not for the first time, J-Star planted the seeds of its latest investment while in pursuit of another deal.
Bubble talk: VC valuations
In Beijing and Silicon Valley, there is cause for concern at the flood of capital entering the technology space. It draws comparisons with the dotcom bubble era – but VCs at the AVCJ Forum were keen to play down the similarities.
VC-backed Japanese gaming start-up files for Tokyo IPO
Gumi, the VC-backed Japanese game developer, has filed for its Tokyo IPO, which could value the company at JPY100 billion ($900 million).
Asahi in $175m settlement with PE firms over Independent Liquor
Asahi has received NZ$220 million ($175 million) from Pacific Equity Partners (PEP) and Unitas Capital in a settlement that brings to a close their dispute over the sale of New Zealand beverage producer Independent Liquor.
CITIC Capital exits Japan's Higashiyama Film to Otsuka Chemicals
CITIC Capital Partners has exited Japan's Higashiyama Film, a maker of coated films for touch screens and flat panel displays, to Otsuka Chemical.
Investigation uncovers suspected fraud by ex-boss of NVC Lighting
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, says it has uncovered information suggesting that its founder and ex-CEO falsely obtained bank loans worth RMB629 million ($102.8 million) on the company’s...
Vertex leads $30m round for Chinese e-commerce site Metao
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
IFC leads $45m round for India's Tikona Digital
International Finance Corporation (IFC), the World Bank's investment arm, has led a $45 million round of investment in Indian broadband service provider Tikona Digital Networks.
Taiwan’s Fubon commits $30m to US-based Athyrium credit fund
Fubon Life, the second-largest insurer in Taiwan, has committed $30 million to Athyrium Capital Management’s healthcare-focused credit fund.
China’s Alipay, VC back mobile tech specialist V-Key
Alibaba Group’s online payment platform Alipay and IPV Capital have invested $12 million in a Series B round for V-key, a Singapore and US-based start-up specializing in mobile security and cryptography.
Baring Asia buys Japanese drug maker from Tokio Marine
Baring Private Equity Asia has agreed to buy Japan-based Bushu Pharmaceuticals from Tokio Marine Capital at an enterprise valuation of JPY77.3 billion ($670 million).
TPG-owned Inghams sells $138m in real estate assets
TPG Capital-owned Australian poultry producer Inghams Enterprises has sold 31 properties to W.P. Carey, a US-based real estate investment trust, for A$157 million ($138 million).
Hillhouse, CITIC PE commit $75m to Chinese cancer drug developer
Hillhouse Capital and CITIC Private Equity have participated in a RMB450 million ($75 million) round of funding for BeiGene, a Chinese company that develops drugs to combat cancer.
CITIC Securities, Shenzhen Capital invest in online art trading platform
CITIC Securities and Shenzhen Capital have invested $100 million in a Series B round of funding for Hihey.com, an online trading platform for Chinese art.
China's Sailing Capital backs Maldives resort developer
Chinese private equity firm Sailing Capital has agreed to invest in luxury resort developer Soneva Group. It will support the expansion of a portfolio of properties in the Maldives.
China’s Sky Solar raises $44.2m in scaled back US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, has raised $44.2 million through a US IPO after scaling back the size and pricing of the offering.
Tencent, Line invest $110m in South Korean game developer
Chinese internet company Tencent Holdings and Japanese messaging app Line Corp. have invested $110 million in 4:33 Creative Labs, a South Korean, VC-backed mobile games developer.
SAIF-backed HomeShop18 abandons US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has abandoned plans for a US IPO.
MBK sells Japan-based Yayoi to Orix for $692m
North Asia-focused buyout firm MBK Partners has exited Japanese accounting software firm Yayoi to Orix Corp. for JPY80 billion ($692 million).
Quadrant-backed APN Outdoor sees shares jump 8% on debut
Shares in APN Outdoor - the Australian billboard advertising business backed by Quadrant Private Equity - jumped as much as 8.6% as the company debuted on the Australian Securities Exchange (ASX).