Sectors
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Profile: Intel Capital's Richard Hsu
Richard Hsu, managing director at Intel Capital, has spent 14 years as a VC investor, mostly in China. For all the change he has witnessed in entrepreneurs and ideas, some market features remain steadfastly the same
China's FunPlus pursues global ambition
Venture Capitalists have bet big on China's gaming industry. According to AVCJ Research, investment reached a record high of $1.6 billion last year, a massive jump on the $127 million committed in 2012. Barely three months into 2014 and gaming deals have...
L Capital looks to take Dr. Wu beyond Taiwan
While Taiwan's skincare and cosmetics brands are much more developed than their Chinese counterparts, upward potential is limited. L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH, therefore needed a different investment thesis.
India start-up targets tea change
Building a business around tea was a logical move for Kaushal Dugar when he left his job as a corporate finance analyst in Singapore to become an entrepreneur back home in India. It has been part of the family business for 80 years. But tea plus e-commerce...
Zoyi secures first China-Taiwan deal
Of the cluster of China control deals to emerge in the last few years, a small but significant number can be traced back to Taiwan. These are often family-owned mid-size businesses that were early entrants into mainland China, searching for lower-cost...
PE and elections: A vote of confidence?
Investors often cite elections as impediments to deal flow, as applications are delayed or applications held over until votes are counted. With Indonesia and India preparing for elections, what does it mean for PE?
Valar, SquarePeg lead $20m round for New Zealand’s Vend
Vend, a New Zealand-based point-of-sale software provider, has received NZ$25 million ($20 million) in Series B funding. The round was co-led by Valar Ventures, an investment vehicle run by PayPal co-founder and early Facebook investor Peter Thiel, and...
Northstar enters Southeast Asia VC space
The Northstar Group, a Singapore-headquartered private equity firm with significant interests in Indonesia, is expanding its franchise to include venture capital. The VC unit is called Silicon Island, in reference to Singapore’s ambition to become a...
Harbin Bank prices $1.1b IPO near bottom of range
China’s Harbin Bank is set to raise $1.1 billion from its Hong Kong IPO after pricing shares at the bottom of the indicative range. CITIC Capital is one of seven cornerstone investors in the offering.
ChrysCapital leads Series B for LiquidHub
India's ChrysCapital has lead a $53 million round of Series B funding for LiquidHub, a US-headquartered digital business consultancy.
ClearVue leads new round for China online fruit store
ClearVue Partners has led a round of funding for Fruitday, a Chinese fresh fruit online store, followed by SIG Asia Investments.
Taiwan fitness site iFit receives angel funding
Cherubic Ventures, an early-stage VC investor, has provided NT$25 million ($818,000) in seed funding for iFit, a Taiwanese online fitness information provider.
EQT confirms acquisition of Australia's I-Med
EQT Partners has confirmed its acquisition of Australian radiology provider I-Med Network Radiology alongside Caisse de dépôt et placement du Québec of Canada and Singapore's GIC Private.
China mobile app platform Wandouja gets Goldman funding
Wandougjia, a Chinese mobile app platform, has received an undisclosed sum in follow-on funding from Goldman Sachs to complete a Series B round of funding that saw new and existing investors commit $120 million in January.
DCM leads $8m round for Chinese property portal
Meiaoju, a Chinese online platform for buyers seeking property overseas, has received a RMB50 million ($8 million) Series A round of funding led by DCM.
ChrysCapital invests $20m in India's Torrent Pharma - report
ChrysCapital is said to have acquired a stake in Ahmedabad-based drug company Torrent Pharmaceuticals for around INR1.2 billion ($19 million).
India’s Persistent backs hand hygiene wearables start-up
Persistent Venture Fund, a VC fund controlled by listed Indian software and technology company Persistent Systems, has invested in Hyginex, a US-based wearable technology manufacturer specializing in healthcare applications.
GSR Ventures to invest $580m in China new energy play
GSR Ventures has agreed to invest a total of RMB3.6 billion ($580 million) in Wuhan Kaidi Electric Power, a Shenzhen-listed clean energy technology provider.
Callista Capital, RW Media buy stake in India's Abundantia
Singapore-based Callista Capital and strategic investors RW Media have injected an undisclosed sum into Abundantia Entertainment, an independent motion pictures studio in India.
Temasek pays $5.7b for stake in Li Ka-Shing’s A.S. Watson
Temasek Holdings has agreed to buy a 24.95% stake in A.S. Watson, a health and beauty retailer owned by Hong Kong tycoon Li Ka-Shing, for HK$44 billion ($5.7 billion). A.S. Watson was seeking a dual listing in Hong Kong and London but this plan has now...
General Atlantic invests in India's CitiusTech
General Atlantic has invested in Indian healthcare technology services firm CitiusTech. Financial details were not disclosed but GA is understood to have paid around $110 million for a significant minority stake.
Temasek to invest $150m in China Huiyuan Juice
Temasek Holdings plans to invest $150 million in China Huiyuan Juice, a Hong Kong-listed fruit juice producer that is a portfolio company of SAIF Partners.
China's Alibaba invests $215m in US messaging app Tango
Chinese e-commerce giant Alibaba Group has invested $215 million in California-based mobile messaging app maker Tango. The deal values the start-up at a reported $1 billion.