Sectors
Catamaran Ventures teams up with Amazon in India
Catamaran Ventures, the private investment arm of Infosys co-founder N.R. Narayana Murthy, has formed a joint venture with Amazon intended to help small and medium-sized enterprises (SMEs) in India get online.
VC-backed RareJob goes public in Japan
RareJob, a Japanese English-language learning website that has received capital from a string of VC investors, ended the morning session of its trading debut at a more than 110% premium to its IPO price.
Alibaba picks New York Stock Exchange for IPO
Chinese e-commerce giant Alibaba Group announced it will apply to be listed on the New York Stock Exchange (NYSE).
Greenwoods invests $16m in China online rebate site Taofen8
Greenwoods Asset Management has committed RMB100 million ($16 million) in a Series A round of funding for Taofen8, a Chinese online discount aggregation site.
PE-backed Monash IVF loses momentum after $298m IPO
Shares in Australian in vitro fertilization company Monash IVF Group slipped below the offering price on the second day of trading, following a A$315.9 million ($298 million) IPO that saw Ironbridge Capital exit the majority of its holding.
PAG buys Commerzbank's Japanese real estate business
A PAG-led consortium has acquired a portfolio of around EUR700 million ($954 million) in primary subordinated loans held by Commerzbank’s Japan real estate subsidiary, plus local operations and staff.
China sees first PE-backed IPOs in four months
The first two PE-backed Chinese companies to go public on domestic bourses in fourth months saw their shares jump more than 40% on the Shenzhen Stock Exchange.
Cisco allocates $40m to Indian start-ups
Cisco Investments, the VC arm of Cisco, has allocated $40 million to fund early-stage companies in India.
Chinese e-commerce platform Qianmi secures $8m
Qianmi.com, a Chinese e-commerce system and technology service provider, has received RMB50 million ($8 million) in Series A funding from Bang Sheng Capital, a subsidiary of state-owned Govtor Capital.
StepStone enters real estate space, targets Asia expansion
StepStone has moved into the real estate sector with the addition of executives from Clairvue Capital Partners. The new team has built portfolios in the US and Europe and plans to add professionals in Asia over the next 12 months.
Intel Capital backs New Zealand, India software start-ups
Intel Capital, the captive VC arm of the global chipmaker, has announced investments in two software developers, based in New Zealand and India, respectively.
Australia's PEP set for exit as Asaleo Care raises $616m
Pacific Equity Partners (PEP) will make a full exit from Asaleo Care as the hygiene and paper products manufacturer raises A$655.7 million ($616.6 million) through an IPO.
CDH-backed Beijing Digital Telecom eyes $152m HK IPO
Beijing Digital Telecom (BDT), China’s largest mobile telecom retail chain, which is backed by 3i Group and CDH Investments, plans to raise up to HK$1.18 billion ($152 million) through an IPO in Hong Kong.
Mandarin plans China expansion for Italian footwear textiles maker
Mandarin Capital Partners and Private Equity Partners have acquired control of Milan-based Industrie Chimiche Forestali SpA (ICF), which develops adhesives and special textiles for the footwear industry.
China menstruation-tracking app Meet You raises $35m
SIG Asia Investment has led a $35 million Series C round of funding for Meet You, a Chinese menstrual health mobile app, with participation from Matrix Partners and China Renaissance K2 Ventures.
Baring Asia agrees Japan electronics buyout
Baring Private Equity Asia has agreed to acquire the audio-video operations of Japanese car electronics maker Pioneer Corp. alongside Pioneer's rival Onkyo Corp.
IDG-backed Tian Ge targets $208m HK IPO
Tian Ge Interactive Holdings, a Chinese social video-sharing platform that has received funding from IDG Capital Partners and internet company Sina, is seeking to raise up to HK$1.61 billion ($208 million) through a Hong Kong IPO.
Next-owned Hirepool abandons New Zealand offering
Hirepool Group – a New-Zealand equipment rental firm owned by Next Capital – has abandoned plans to raise up to NZ$262 million ($227 million) through an IPO.
VC-backed Xunlei jumps 24% on debut after $88m IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, saw its stock gain 24% on its first day of trading on NASDAQ following a $88 million IPO.
China's Pixar dream wins VC support
Gary Wang has start-up pedigree. The Chinese entrepreneur took online video company Tudou.com from nothing to a US listing, and two years ago, a merger with rival Youku.com in a deal worth $1 billion. Wang now runs an animated film studio, which is already...
Creador's water scarcity play
The purchase of a minority stake in Vectus Industries, an Indian manufacturer of plastic water tanks and pipes, takes Creador’s tally to $100 million across five deals so far this year. Each investment came from the Southeast Asia and India-focused GP’s...
Quick exit for Quadrant in pet services
Nine months ago, the bidding process ended for City Farmers, Australia’s third-largest pet services business. Number two player Petbarn lost out to Quadrant Private Equity. A couple of months after that Petbarn joined forces with Greencross, the country’s...
China logistics: Filling the gap
Spurred by a lack of high-quality supply and rising demand from retail customers, private capital is flooding into China’s logistics sector. The fundamentals are strong, but investors and operators must be disciplined
VC in China P2P: Revert to the norm?
China venture capital goes through fads and phases. A business model – perhaps already proven in another market – is rolled out locally. This precipitates a flood of copycats, plunging the market into a period of cutthroat competition. Consolidation follows...