Sectors
RRJ leads $1b investment in Cheniere Energy
RRJ Capital has agreed to invest $1 billion in convertible notes issued by Cheniere Energy, a US-based liquefied natural gas (LNG) producer.
Hony-backed Jin Jiang buys Louvre Hotels
Shanghai Jin Jiang International, a Chinese hotel operator backed by Hony Capital, has agreed to buy Europe’s second-largest hotel group Louvre Hotels from US real estate investor Starwood Capital.
Taiwan’s Cathay buys PE-owned Conning for $240m
Cathay Life Insurance, Taiwan’s largest insurer, has agreed to buy Conning Holdings, an asset manager owned by US private equity firm Aquiline Capital Partners, for $240 million.
Japan's J-Star buys two healthcare providers
Japanese mid-market buyout firm J-Star has acquired two new care providers - Nagoya-headquartered Nurse Call and Kanagawa-based Kairos & Company - within weeks of its 5x exit from similar business HCM Corporation.
Silver Lake overcame doubters to secure Alibaba deal – AVCJ Forum
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
VCs worried but enthused by frothy China tech sector - AVCJ Forum
The flood of capital entering China’s technology space is a concern for VC investors, but they remain firm believers in the emerging generation of mobile-enabled consumers that is driving interest in the sector.
Bain nets $400m through part-exit from India’s Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
Forum Synergies leads Series B round for Indian ethnic clothing retailer
Forum Synergies has led a Series B round of funding worth INR300-500 million ($4.9-8.1 million) for CBazaar.in, an Indian online ethnic fashion retailer.
VC-backed Chinese dating app Momo files for US IPO
Momo, a Chinese location-based social-networking app best known for its “flirting” function, has filed for a US IPO. Backers include Alibaba Group, Matrix Partners, Yunfeng Capital and Sequoia Capital.
GSR commits $2m to China enterprise management app
GSR Ventures has committed $2 million in a Series A round of funding for Waiqin365, a Chinese customer relationship management (CRM) mobile app.
GIC invests $391m in Philippines liquor producer Emperador
GIC Private has agreed to pay PHP17.6 billion ($391 million) for a 9.64% stake in Emperador (EMP), a Philippines-based liquor producer. Its parent is Alliance Global, a conglomerate controlled by local businessman Andrew Tan.
SIG, SoftBank back China wearables maker Codoon
SoftBank China Venture Capital (SBCVC) and SIG Asia have invested $30 million in a Series B round of funding for Codoon, a Chinese wearable electronic devices manufacturer.
TVS Capital consortium picks 26% stake in IEX
A consortium led by TVS Capital Funds has agreed to buy a 25.64% stake in Indian Energy Exchange (IEX) for INR5.76 billion ($94 million) from Blackstone-backed Financial Technologies India (FTIL).
Qiming, Innovation Works invest $22m in China Face++
Qiming Venture Partners and Innovation Works have participated in a $22 million Series B round of funding for Face++, a Chinese face recognition technology developer.
Abraaj buys Southeast Asia’s Wine Connection Group
The Abraaj Group has acquired a majority stake in the Wine Connection Group, a Southeast Asia-focused food and beverage chain.
Bain-backed Macromill acquires MetrixLab
Macromill, the Japanese online research firm controlled by Bain Capital, has bought Dutch marketing analytics firm MetrixLab. Financial terms of the deal were not disclosed.
SEBI mulls allowing FVCI infrastructure investments
The Securites and Exchange Board of India (SEBI), India's financial markets regulator, has proposed that Foreign Venture Capital Investors (FVCIs) be allowed to back Core Investment Companies (CICs) in the infrastructure space in a bid to encourage more...
Hera Capital re-ups in Philippines-based Cashcashpinoy
Singapore-based private equity investor Hera Capital has committed an additional $2 million in a Series B round of funding for Cashcashpinoy, a Philippines-based online shopping platform.
Q&A: Draper Associates' Tim Draper
A third-generation venture capitalist, Tim Draper is founder of Draper Associates and founding partner of DFJ. He explains the key ingredients for rolling out the Silicon Valley model at home and overseas
Asian start-up hubs: Global mandates
Innovation hubs have traditionally been defined by the size of their immediately addressable market. But with better access to capital, information and technology, some Asian jurisdictions are going global
Hony to buy Chongqing hotpot restaurant chain
Hony Capital has agreed to buy a 93.2% stake in Chongqing Cygnet Hotpot, a Chinese hotpot restaurant chain.
IDG, Morningside lead $60m round for China P2P car-rental site
IDG Capital Partners and Morningside Technologies have led a $60 million Series B round of funding for PPzuche, a Chinese peer-to-peer (P2P) car-rental provider launched by Singapore’s iCarsclub.
Matrix, SIG commit $20m to Tencent-backed laundry app
Matrix partners and SIG have committed $20 million in a Series A round of funding for Edaixi, a mobile laundry service app owned by Beijing-based laundry franchise Rongchain.
Intel invests in two Taiwanese tech firms
Intel Capital, the US chip maker's eponymous venture capital unit, has backed two Taiwanese start-ups as part of an overall $62 million investment across 16 technology ventures.