Sectors
Multiples makes partial exit from South Indian Bank
India's Multiples Alternate Asset Management has made a partial exit from locally-listed South Indian Bank (SIB), selling one fifth of its stake for around INR428 million ($8 million).
IDG backs Chinese second-hand car site Youche
IDG Capital Partners has provided a Series A round of funding for Youche.com, a Chinese online trading platform for second-hand cars.
Town Health International Medical to invest in Chinese PE fund
Town Health International Medical Group, a Hong Kong-listed dental clinics operator, has contributed RMB15.5 million ($2.5 million) to a PE fund launched by a unit of the Guizhou provincial government.
Carlyle to acquire Japan's SBI Mortgage
The Carlyle Group has made a tender offer to acquire 100% of Japanese mortgage bank SBI Mortgage in deal valued at approximately JPY43.2 billion ($423 million).
VC-backed mobile game platform iDreamSky files for US IPO
IDreamSky Technology, a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures, has filed for NASDAQ IPO.
KPCB, MediaTek join Series A+ round for China's Hiwifi
KPCB and MediaTek, a Taiwanese fabless semiconductor producer, have jointly invested in a Series A+ round for Chinese wireless router manufacturer Hiwifi.
Partial exit for PE investors as Luye Pharma raises $764m
CDH Investments, CITIC Private Equity, New Horizon Capital and GIC Private have made partial exits from Luye Pharma Group as the Chinese drug maker raised HK$5.91 billion ($764 million) through its Hong Kong IPO.
Sequoia supports India customer feedback platform
Sequoia Capital has led a $5 million round of funding for Akosha, an Indian online consumer feedback platform. This follows a $200,000 seed stage investment by the VC firm in 2011.
Greenwoods leads $20m in China parenting site
Greenwoods Asset Management has led a $20 million Series B round of funding for lmbang.com, a Chinese parenting app focused on female community.
TPG invests in Hong Kong-based hedge fund seeder
TPG Capital will take an ownership interest in HS Group, a Hong Kong-based investment company that provides seed capital to hedge funds, as part of strategic partnership between the two firms.
Goldman, ADB, GEF commit $140m to India's ReNew Power
Indian renewable energy producer ReNew Power Ventures has received $140 million in funding from Asian Development Bank (ADB), Global Environment Fund (GEF), and existing investor Goldman Sachs.
GIC, Olympus lead Series D round in China premium dairy play
Singapore sovereign wealth fund GIC Private and Olympus Capital Asia have led a $106 million Series D round of investment in China's Huaxia Dairy in a bid to tap in the country's fast-growing premium dairy segment.
Warburg Pincus re-ups in China ANE Logistics
Warburg Pincus has re-upped in China ANE Logistics, committing $50 million to the Chinese logistics and courier services provider.
China's Lattice Power raises $80m Series D round
Lattice Power Corp, a Chinese maker of light-emitting diode (LED) chips, has raised $80 million in a Series D round of funding led by Asia Pacific Resources Development.
CITIC Capital leads acquisition of US dental firm
CITIC Capital Partners has acquired US-based dental business DDS LAB for an undisclosed sum. The Chinese PE firm has completed approximately 15 deals in the US but this is its first as lead investor.
JBIC invests $10.5m in India-based Takshasila Hospitals
The government-backed Japan Bank for International Cooperation (JBIC) has invested INR630 million ($10.5 million) in India's Takshasila Hospitals, which operates Sakra World Hospital in Bangalore.
Haitong Capital leads $32m round for Chinese finance portal
Haitong Capital, a private equity arm of Haitong Securities, has led a $200 million ($32 million) round of funding for 91Jinrong, a Chinese financial portal.
CMC commits $32m to China online movie ticket site
China Media Capital (CMC) has led a RMB200 million ($32 million) Series C+ funding round for Gewara, a Chinese online movie ticket site.
China-US VC: Beyond borders
Chinese tech companies are interested in making investments in the US, while start-ups are targeting Sino-US or global markets from the outset. How can VC investors make money in this melting pot?
IFC commits $25m to India's Au Financiers
International Finance Corporation (IFC) has invested $25 million more in Indian non-banking financial company (NBFC) Au Financiers through a private placement of non-convertible debentures.
Fidelity leads Series C for India's Milk Mantra
Fidelity Growth Partners India has led an INR800 million ($13.3 million) Series C round of investment in Milk Mantra Dairy.
Tembusu Partners backs Indonesia coal player
Singapore-based private equity firm Tembusu Partners has invested $7.5 million in Param Mitra Coal Resources (PMCR), which owns two operating coal mines in Indonesia.
Equis buys 47% stake in China's Oriental Gas
Energy and infrastructure investor Equis Funds Group has taken a 47% stake in Chinese natural gas developer and operator Oriental Gas as part of a $43 million equity financing package.
China's Longmaster acquires IDG's health site 39.net
Longmaster Information & Technology, a Shenzhen-listed software developer, has bought Chinese healthcare portal 39.net for RMB650 million ($105 million), facilitating an exit for IDG Capital Partners.