Sectors
China M&A funds: Double team
Keen to consolidate their fragmented industries, Chinese companies are partnering up with PE firms to launch M&A funds. But do the GPs have the right skills and are third-party LPs willing to come on board?
China luxury goods site Secoo raises $100m Series D round
Secoo.com, a Chinese luxury goods e-commerce platform, has raised more than $100 million in a Series D round of financing led by CMC Capital Partners.
PEP exits Griffin's Foods to Philippines buyer for $608m
Australian GP Pacific Equity Partners (PEP) is set for its fourth full or partial exit in two months after Philippines food and beverage conglomerate Universal Robina (URC) agreed to buy Griffin’s Foods for approximately NZ$700 million ($608 million)...
Sequoia leads round for China infant care online retailer
Sequoia Capital has led a $20 million Series B round of funding for Miyabaobei, a Chinese baby-care product online retailer.
Armstrong commits $22.5m to Indonesia mini-hydro power
Armstrong Asset Management has agreed to invest $22.5 million in a portfolio of Indonesia-based mini hydro-electric plants being developed by Inti Duta Energi, a subsidiary of Jakarta-listed construction company Nusa Konstruksi Enjiniring (NKE).
China Exim Bank fund commits $78m to Polish renewables player
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, has committed PLN240 million ($78 million) to renewable energy developer Polish Energy Partners (PEP).
India's ASK Pravi PE carves out Educomp test prep unit
ASK Pravi Capital Adivsors will acquire a 55.41% stake in engineering test preparation business Gateforum Education Services from Education company Educomp Solutions.
Baring, Hony, CDH complete Giant Interactive take-private
Baring Private Equity Asia, Hony Capital and CDH Investments' wealth management platform have completed the privatization of Giant Interactive in a deal that values the US-listed Chinese online game developer at approximately $2.9 billion.
Semir to acquire 70% of VC-backed HK education group
DT Capital, The CID Group and iD TechVentures are set to exit Fastrackids as the children's education group is acquired by Zhejiang Semir Garment.
Sequoia invests in China online wedding planner Daoxila
Sequoia Capital has invested in a Series B round of funding for Daoxila.com, a Chinese online wedding planner.
Japan fish app start-up raises $4.5m
Hachimenroppi, a Japanese start-up that operates an IT-enabled fresh fish distribution platform, has secured JPY450 million ($4.4 million) in funding from Recruit Holdings, YJ Capital, DeNA, and Monex Ventures.
VCs look beyond ad-driven business models - AVCJ Forum
Venture capital investment opportunities in Southeast Asia increasingly lie beyond the traditional advertising-driven monetization model, industry participants told the AVCJ Singapore Forum.
Orix-led consortium to buy Hyundai logistics unit
A consortium led by Japanese financial group Orix Corp. has agreed to acquire a majority stake in South Korea's Hyundai Logisitics.
WestSummit, SAIF in $15.2m round for social analytics firm
WestSummit Capital and SAIF Partners have invested $15.2 million in NetBase, a US-based company that tracks social media.
Carlyle exits India's Repco Home Finance
The Carlyle Group has fully exited its stake in India's Repco Home Finance (RHF) for INR4.72 billion ($78.4 million) via an open market transaction.
Zoyi invests in Taiwan's Quaser Machine Tools
Greater China-focused mid-cap investor Zoyi Capital has invested an undisclosed amount in Quaser Machine Tools, a Taiwan-based machine tool manufacturer.
Fosun acquires 20% interest in Spain's Osborne
Fosun International has acquired a 20% stake in Osborne Group, a Spanish premium ham and wine producer.
Shenzhen Capital to exit e-commerce site via trade sale
Shenzhen Capital Group will exit Shenzhen Globalegrow E-commerce as the online platform use to sell Chinese products overseas is acquired by Shanxi Baiyuan Trousers Chain Management.
Sohu’s Changyou invested in VC-backed MoboTap for $91m
Changyou.com, an online gaming division of Chinese internet company Sohu, has agreed to acquire a 51% stake in MoboTap, a mobile browser developer backed by several VC investors, for $91 million.
Zoyi Capital backs Taiwan Farm Industry
Greater China-focused mid-cap investor Zoyi Capital has invested an undisclosed sum in Taiwan Farm Industry (TFI), a 47-year-old meat processor in Taiwan.
Steadview leads $21m round for India’s Urban Ladder
Hong Kong-based hedge fund Steadview Capital has led a $21 million Series B round of financing for Urban Ladder, an Indian furniture online retailer.
Sequoia, Norwest commit $14m to India's Capillary Technologies
Existing backers Sequoia Capital and Norwest Venture Partners have contributed $14 million in Series B to Capillary Technologies, an Indian cloud-based retail customer relationship management (CRM) platform.
Singapore online grocery retailer RedMart raises $23m
Singapore-based online grocery store RedMart has raised a $23 million Series B round led by gaming firm Garena, with participation from SoftBank Ventures, Visionnaire Ventures and Facebook co-founder Eduardo Saverin.
Nice targets selfies with style
The world has seen plenty of selfies. From dining tables to football matches, there is always someone, arm outstretched and phone in hand, keen to capture a photo of themselves for posterity. It was only a matter of time before mobile apps enabling people...