Sectors
Rocket, Kinnevik to form emerging market fashion e-commerce giant
German start-up incubator Rocket Internet and Investment AB Kinnevik, Rocket's biggest backer, are to consolidate five emerging market fashion e-commerce brands into a single global company with a combined valuation of EUR2.7 billion ($3.5 billion).
VCs take part in $2.1m round for Japan's Innova
Nippon Venture Capital, Draper Nexus and strategic investor Salesforce.com have together invested JPY220 million ($2.1 million) on Tokyo-based search engine optimization (SEO) and content marketing agency Innova.
Singapore Red Dot Payment complete Series A round
Wavemaker Pacific and GMO Global Payment Fund have taken part in a Series A round of funding for Singapore's Red Dot Payment, an online payment solutions provider. The financial details were not disclosed.
Carlyle, FountainVest pull out of China Shanda Games take-private
The Carlyle Group and FountainVest Partners have pulled out of the consortium backing a $1.9 billion bid to acquire US-listed Chinese games developer Shanda Games.
Asian media giants form China-focused film and TV fund
Taiwan’s Fubon Group, Hong Kong's Media Asia and South Korean music giant SM Entertainment have established a media-focused fund to jointly invest in Chinese film and TV production.
IFC invests $27.5m in Indian food additives producer
World Bank investment arm International Finance Corporation (IFC) has invested $27.5 million in Lucid Colloids, one of the top four producers of food additive guar gum.
H&Q leads $16.7m round for cloud insurance software firm
H&Q Asia Pacific has led a $16.7 million Series A round for US cloud insurance software provider One Inc.; Camp One Ventures and AGI Partners also took part in the round.
Japanese mobility firm Whill closes $11m Series A round
The government-backed Innovation Network Corporation of Japan (INCJ) has led an $11 million Series A round for Whill, a Japanese startup which has designed a type of electronic mobility chair.
China stem cell storage firm launches $813m M&A fund
Zhongyuan Union Stem Cell Bio-engineering, a Chinese stem cell storage service operator, has partnered with China Yinhong Capital to launch an industry M&A fund with a target of RMB5 billion ($813 million).
China caliper maker Guilin Guanglu raises $115m from PE
Guilin Guanglu Measuring Instrument, a Chinese electronic digital caliper maker, plans to raise RMB710 million ($115 million) from four domestic private equity firms.
VC-backed Xunlei to buy storage business from Kingsoft
Xunlei, a Chinese file-sharing service backed by a string of VC firms, will pay $33 million to acquire a personal storage business unit owned by Kingsoft Corporation.
OrbiMed commits $15m to China's GC-Rise Pharma
OrbiMed has committed $15 million in Series B funding to GC-Rise Pharmaceutical, a Chinese healthcare services provider.
Tencent pumps $70m into China healthcare networking site
Tencent Holdings has invested $70 million into dxy.com, a Chinese networking and information-sharing site for healthcare professionals
China Exim Bank fund agrees $406m Poland wind farm JV
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, will partner Israel’s Enlight Renewable Energy to buy a controlling interest in two Polish wind projects for up to PLN1.3 billion ($406...
China's Baidu backs Finland-based indoor mapping start-up
Chinese internet giant Baidu has agreed to invest $10 million in IndoorAtlas, a VC-backed Finnish software developer that specializes in indoor mapping.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
Navis completes buyouts in Australia, Singapore
Navis Capital Partners has completed two buyouts, acquiring Singapore-based pipe cladding manufacturer Cladtek and Australian casual dining chain operator and franchisor Dôme Coffees Australia.
Chengwei invests $20m in Chinese drone manufacturer
Chengwei Capital Partners has invested $20 million in a Series A round of funding for XAircraft Aerial Solutions, a Chinese multi-rotor and drone maker.
GIC to set up $247m realty JV with India's Brigade Group
Singapore sovereign wealth fund GIC Private has agreed to set up a joint venture with India's Brigade Group to focus on residential real estate investments.
Fosun VC provides Series B for Chinese personal finance app
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Feidee.com, Beijing-based personal finance management website, with participation from existing investor Sequoia Capital.
Banyan Capital invests $10m in Chinese air purifier firm
Banyan Capital has committed $10 million in Series A funding to Three Daddies, a Chinese air purifier maker.
Polaris pays $86m for Japanese all-you-can-eat chain
Japanese mid-market buyout firm Polaris Capital has bought a 100% stake in all-you-can-eat restaurant chain Edoichi.
Taiwan's Acer to launch $34m VC fund
Taiwanese computer maker Acer has established a NT$1 billion ($33.5 million) venture capital fund to invest in start-ups, with a view to strengthening the group’s technology development as well as generating financial returns.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.