Sectors
SAIF Partners leads $38m round for Chinese video site Aipai
SAIF Partners has led a $38 million Series C round of funding for Chinese video-sharing platform Aipai, with participation from Matrix Partners.
Accel leads new round for India's TaxiForSure
Accel Partners has led a Series C round of investment for Indian car rental and taxi booking site TaxiForSure.com.
Chinese payment platform completes Series B
Qufenqi.com, a Chinese installment payment platform, has raised a Series B round of funding from Source Code Capital, Golden Summit and BlueRun Ventures.
Alibaba leads Series B round for online education site
Myfriday.cn, a Chinese timetable social mobile app developer, has received a Series B round of funding led by Alibaba Group. Existing investors the Sequoia Capital and Ceyuan Ventures also participated.
China online liquor retailer Jiuxian gets $49m
Jiuxian.com, a Chinese online liquor store, has received a RMB300 million ($49 million) equity investment from China Development Bank International and other undisclosed investors.
Hony in $113m China farm machinery deal
Hony Capital has acquired a 20% stake in Chinese farm machinery maker Chery Heavy Industry for RMB696 million ($113 million).
SIG, Meridian to exit China digital advertising firm adSage
SIG China and Meridian Capital will exit adSage Corporation after Shanghai-listed BesTV New Media agreed to acquire a majority stake in the digital advertising firm for $88.88 million.
CITIC Capital buys Chinese mattress maker
CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System, a Chinese mattress maker.
L Capital Asia to invest in Korean talent manager
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, will invest KRW61 billion ($60 million) in YG Entertainment, the Korean record label and talent manager responsible for acts including “Gangnam Style” rapper Psy....
India's Orios Venture raises $50m
Orios Venture Partners - a VC firm set up by Indian angel investor Rehan Yar Khan - has raised INR3 billion ($50 million) for its first fund.
China mobile healthcare developer gets $50m Series C round
Spring Rain Software, a Chinese mobile healthcare app developer, has raised a $50 million Series C round from new investors China International Capital Corp. (CICC), Rushan Investment Management and Temasek Holdings’ Pavilion Capital.
Asia energy: Oil angle
The continued growth of the Asia economies means increased demand for energy. Major Asian countries and corporations are rising to the challenge and paying top dollar for almost every oil and gas interest they can lay their hands on - not to mention extraction...
SEAF backs Indian fast food chain
SEAF India Investment Advisors has acquired a significant minority stake in the Kolkata-based Guha Roy Food Joint & Hotel, which runs biriyani fast food chain Only Alibaba and fried chicken brand Baked & Fried.
China real estate: Threat or opportunity?
Weaker economic growth and a struggling property market have made real estate fund managers more wary about their China residential exposure. But some still sense opportunity
Warburg Pincus, Baosteel in $488m industrial gases deal
Warburg Pincus and a subsidiary of Chinese steel producer Shanghai Baosteel Group have agreed to buy industrial gas assets from Henan Jinkai Chemical Investment Holding for RMB3 billion ($488 million).
Oil angle: PE finds a route in Asia
The continued growth of the Asian economies means increased demand for energy. Major Asian countries and corporations are rising to the challenge and paying top dollar for almost every oil and gas interest they can lay their hands on – not to mention...
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
Q&A: Blackstone's Angelo Acconcia
The Blackstone Group has entered Southeast Asia's oil and gas space with an $800 million commitment to Tamarind Energy. Angelo Acconcia, managing director at Blackstone Energy Partners, explains the rationale
CITIC PE scraps plans for Biosensors takeover
CITIC Private Equity has abandoned plans for a takeover of Singapore-listed Biosensors International, although it will remain an active investor in the medical device manufacturer.
Advantage acquires Japan kitchenware provider
Japanese mid-market GP Advantage Partners has acquired FMI Corp, an Osaka-based provider of kitchenware products and services.
Shenzhen Oriental Fortune backs ZBB Energy JV
Shenzhen Oriental Fortune Capital has acquired an 8% stake in a Chinese joint venture set up by US-based ZBB Energy, which manufactures advanced energy storage and control platforms, for RMB$20 million ($3.24 million).
KKR enters Australia real estate market
KKR and Australia Securities Exchange-listed Abacus Property Group have together agreed to buy a majority stake in three office towers that form part of Melbourne’s World Trade Centre (WTC) for A$120.4 million ($112.3 million).
Partners Group buys China-focused elevator components maker
Partners Group has agreed to buy a controlling stake in Suzhou Savera Elevator Riding System, a Spanish elevator components manufacturer that now draws most of its business from China, for an enterprise valuation of more than $450 million.
Armstrong commits $29m to Philippines solar project
Armstrong Asset Management and Singapore solar project developer Nv vogt have committed $29 million to the development of a pipeline of solar projects in the Philippines.