Sectors
Dairy Farm invests in Headland-backed Yonghui Superstore
Dairy Farm International will buy a 19.9% stake in Yonghui Superstore, a Chinese supermarkets and retail stores operator backed by Headland Capital Partners, for RMB5.69 billion ($925 million).
Japan's Rakuten acquires VC-backed Slice
Japanese e-commerce giant Rakuten has acquired Slice, a US-based e-commerce mobile app backed by Lightspeed Venture Partners and DCM, among others.
CVC to sell Korea's WiniaMando to Hyundai Green Food
CVC Capital Partners has agreed to sell WiniaMando, a South Korean manufacturer of kimchi refrigerators, to Hyundai Green Food, a subsidiary of leading domestic retailer Hyundai Department Store. The deal is worth around KRW150 billion ($146 million)....
Rocket Internet's Foodpanda raises $60m
Foodpanda, an online take-away food delivery marketplace incubated by Rocket Internet, has raised $60 million in a new round of financing from new investor Falcon Edge Capital as well as existing backers.
CBRE GMM reaches final close on Asia real estate fund
The investment arm of global real estate advisor CBRE has announced a final close on the Asia Alpha Plus III (AAP III) Fund of $236 million.
Khazanah to privatize trouble-hit Malaysia Airlines
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million)....
Baring-backed Kangda acquires sewage treatment plants
Kangda International Environmental, a Chinese water treatment facility operator backed by Baring Private Equity Asia, has acquired a 90% stake in four sewage treatment plants for RMB270 million ($47 million).
EQT exits Taiwan's Gala TV
EQT Partners has exited Taiwanese cable TV operator Gala Television Corp. to the management of local conglomerate Formosa Plastics Group.
GGV leads round for Chinese personal finance app Yingying
GGV Capital has led a Series A+ round of funding for Yingying Licai, a Chinese personal finance mobile app.
Gree, Atomico lead $35m Series B for Japan news app
Japanese internet gaming firm Gree, and tech-focused investor Atomico, have led a JPY3.6 billion ($35.4 million) Series B round investment in SmartNews, the Tokyo-based start-up behind the news curation app of the same name.
Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
PLDT acquires 10% stake in Rocket Internet
Philippine Long Distance Telephone Company (PLDT) has acquired a 10% stake in German e-commerce incubator and investor Rocket Internet for EUR333 million ($445 million).
Line backs Japan's Gumi, launches $100m developer fund
Messaging app start-up Line Corp. has agreed to acquire a less than 10% stake in Gumi, a VC-backed Japanese game developer. The exact size and value of the deal is still under negotiation.
PE-backed CICC to pick advisers for IPO – report
The private equity-backed China International Capital Corporation (CICC), China’s largest investment bank, has reportedly picked ABC International Holdings and CCB International as joint sponsors for its Hong Kong IPO.
Legend Star invests in China vacation rentals site Zhubaijia
Legend Star, a Chinese incubator program launched by Legend Holdings and the Chinese Academies of Sciences, has invested $1 million in Zhubaijia, a Chinese vacation rentals website.
VC-backed iDreamSky jumps 6% on debut after $116m US IPO
Shares in iDreamSky Technology - a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures - jumped 6.42% on the firm's NASDAQ debut.
KKR-backed Rundong Auto IPO prices at bottom of range
Rundong Auto Group, a Chinese car dealership chain backed by KKR, has raised $124 million in its Hong Kong IPO, after pricing the offering at the bottom end of the indicative range.
CMC leads $49m round for China entertainment firm Yuehua
CMC Capital has led a RMB300 million ($49 million) Series B round of financing for Yuehua Entertainment, a Chinese music and movie producer. Gravity Media, a Chinese advertising firm, also took part in the round.
India's Skymet raises $4.5m Series B round
Skymet Weather Services, an Indian provider of weather forecast solutions for the agricultural sector, has raised $4.5 million Series B round of funding led by dmg::information Asia Pacific, a unit of UK media group Daily Mail and General Trust (DMGT)....
Chinese home projector maker XGimi Tech secures $16.5m
XGimi Technology, a home projector manufacturer, has secured a RMB100 million ($16.5 million) Series A round of financing from Shenzhen CDF-Capital.
South Korea mobile loyalty platform raises $3.9m
Daesung Private Equity and Bokwang Investments have invested $3.9 million in Spoqa, the South Korean start-up behind mobile loyalty platform Dodo Points.
CVC to sell down another stake in Indonesia's Matahari - report
CVC Capital Partners is expected to raise as much as $300m as it further cuts its stake in Indonesian retailer Matahari Department Store.
SingTel Innov8 leads $25m Series B round for Bitglass
SingTel Innov8, the corporate venture arm of Singapore telecoms giant SingTel, has led a $25 million Series B round of investment for US-based Bitglass, a provider of mobile cloud security solutions. Norwest Venture Partners and New Enterprise Associates...
China pork giant WH Group gains 10.6% on HK debut
Shares in WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, gained as much as 10.6% on its first day trading today after the company raised HK$15.3 billion ($2 billion) on its second attempted IPO.