Sectors
L Capital Asia buys restaurant chain Crystal Jade
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, has agreed to buy a majority stake in Chinese restaurant group Crystal Jade.
EmergeVest invests $20m in Asian apparel supplier
EmergeVest, a Hong Kong-based PE boutique set up in late 2013 by two former executives from HSBC’s Asia principal investments division, has committed $20 million in equity financing to apparel supplier JD United Manufacturing (JDU).
SAIF joins Series B as Ayla eyes China expansion
SAIF Partners has participated in a $14.5 million Series B round of funding for Ayla Networks, an internet of things (IoT) platform that wants to expand its cloud-based services into China.
DCM to re-up as China’s Tuniu sets terms for US IPO
DCM and two Chinese strategic investors, Ctrip and Qihoo 360, will invest $35 million in Tuniu through a private placement alongside the online package tour provider’s NASDAQ IPO.
EQT to sell Taiwan cable TV network to Formosa Plastics
EQT Partners will sell Taiwanese cable TV network Gala Television Corp. to domestic conglomerate Formosa Plastics Group.
China’s Harvest Capital closes second offshore fund at $300m
Harvest Capital, formerly Sino-Can Harvest Capital (SCHC), has closed its second US dollar-denominated fund – Great China Motivation Fund Phrase I – at $300 million.
Insight breaks records with Campaign Monitor
When you consider the sheer scale of the opportunity, it is perhaps no surprise to learn that Australia's largest-ever tech VC investment to date - which took place earlier this month - involved a software-as-a-service (SaaS) company.
Warburg supports Liepin's O2O expansion
Emboldened by a $70 million Series C round of funding led by Warburg Pincus, differentiation is now Liepin.com's top priority. The Chinese online recruitment services provider must set itself apart from rivals such as NASDAQ-listed 51job and Zhaopin.com.
J-Star's Kugami deal fits the mold
If anything is to be learnt from J-Star's acquisition of Japanese plastic-molded auto parts maker Kugami, it is that when one door closes another opens.
Alibaba, Yunfeng invest $1.2b in Youku Tudou
Alibaba Group and Yunfeng Capital will acquire a combined 18.5% stake in Youku Tudou, a US-listed Chinese online video firm, for $1.22 billion.
PE-backed GMR Energy shelves IPO
GMR Energy (GMRE), an Indian energy firm backed by a consortium of private equity investors including Singapore sovereign wealth fund Temasek Holdings and IDFC Alternatives has withdrawn from its IPO.
China's Ctrip invests $200m in VC-backed Tongcheng
Tongcheng Network Technology, the VC-backed business behind travel site 17u.com and ticketing site LY.com, has received $200 million Ctrip International.
Actis invests in Chinese biscuit maker
Emerging markets investor Actis has taken a minority stake in Jiashili Food Group, one of China’s biggest biscuit companies, for an undisclosed sum.
Kunming Pharma, Ping An PE launch healthcare M&A fund
Shanghai-listed Kunming Pharmaceutical Corp. has partnered with a direct investment arm of Ping An Securities to set up a healthcare-focused M&A fund, with a target of RMB500 million ($80 million).
Japan VCs invest $4m in game developer Aiming
Japanese gaming company Aiming has received a JPY450 million ($4.3 million) round of investment from YJ Capital, Mitsubishi UFJ Capital and Mizuho Capital.
Australia's Gresham PE exits freight business to McAleese
Silk Logistics Group, which is owned by Australian GP Gresham Private Equity’s portfolio, has sold its last operating division, WA Freight Group (WAFG), to McAleese for A$15.4 million.
Zoyi buys stake in Taiwanese pineapple cake maker
Greater China-focused mid-cap investor Zoyi Capital has acquired a minority stake in Vigor Kobo, a Taiwan-based retailer best known for selling pineapple cakes to tourists.
GE invests $24m in India solar plant
GE Energy Financial Services (GEEFS), the energy-focused investment unit of General Electric, has committed $24 million to India's largest solar power project operated by Welspun Renewables Energy.
PEP-owned Spotless targets $928m IPO
Spotless Group, the Australia and New Zealand-focused cleaning and catering contractor bought by Pacific Equity Partners (PEP) in 2012, is seeking to raise approximately A$1 billion ($928 million) through an IPO.
CVC completes South Beauty restaurant acquisition
CVC Capital Partners has completed its acquisition of a majority stake in Chinese restaurant chain South Beauty.
INCJ-backed JV acquires NZ-based packaging business
A Japanese joint venture - 40% owned by the Innovation Network Corporation of Japan (INCJ) - has acquired the pulp, paper and packaging (PPP) unit of New Zealand-based forest products company Carter Holt Harvey (CHH) for just over NZ$1 billion ($857 million).
SingTel Innov8, Foxconn back Singapore's KAI Square
KAI Square, a Singapore-based video analytics firm, has obtained S$4 million ($3 million) in Series B funding from Foxconn Technology Group and SingTel Innov8.
Sequoia provides Series A for India's SirionLabs
Sequoia Capital has agreed to provide $4.7 million in Series A funding to SirionLabs, a software-as-a-service (SaaS) provider based in India and the US.
ZhenFund invests $1.6m in China robot education school
China-focused early-stage investor ZhenFund has committed RMB10 million ($1.6 million) in seed funding to Roborobo, a China-based robot teaching school.