Sectors
Kerogen makes Asia oil and gas play, eyes Fund II
Kerogen Capital has invested A$30 million ($27 million) in Twinza Oil, which has oil and gas interests in Australia, Papua New Guinea and Thailand. The energy-focused GP is also said to be preparing to launch its next fund later in the year.
Standard Chartered infra head Andrew Yee to leave Asia
Andrew Yee, global head of infrastructure for Standard Chartered Bank's principal finance division, is leaving the firm. The decision is said to be mutual and amicable, with Yee set to depart in July after which he will relocate to Europe with his family....
Alibaba, CBC invest $20m in China travel portal Byecity
Alibaba Group and China Broadband Capital (CBC) have committed $20 million in Series B funding for outbound travel platform Byecity.com.
Kinnevik leads $90m round for India's Quikr
Swedish early stage investor Investment AB Kinnevik has led a $90 million round of funding for Indian classifieds platform Quikr.
China's E-House forms JV with Yunfeng, Sequoia, Sina
E-House, a Chinese real estate service agency, has formed a property-oriented financial services joint venture with internet firm Sina Corporation, Sequoia Capital China, and Yunfeng Capital.
Mayfield re-ups in India's Securens - report
US-based venture capital firm Mayfield is investing another $6 million in Indian online alarm systems provider Securens Systems.
L Capital buys majority stake in luxury restaurant operator
L Capital Asia, the private equity firm backed by luxury goods conglomerate LVMH, has bought a 51% stake in Ku Dé Ta Group, a restaurant and club operator with interests in Singapore and Thailand.
Alibaba to buy majority stake in Tencent, VC-invested ChinaVision
Alibaba Group has agreed to buy 60% of Hong Kong-listed ChinaVision Media Group - in which rival Tencent Holding and VC firm Sequoia Capital are current shareholders, for HK$6.24 billion ($804 million).
GREE, Transcosmos back Singapores's Luxola
Singapore-based online beauty store Luxola has raised $10 million in a Series B round of funding led by Japanese e-commerce services firm Transcosmos with existing backer Gree Ventures.
FidelisWorld invests in India sports management firm
FidelisWorld Asset Management (FAM) - an Indian GP focusing on sports, media and entertainment - has bought a significant minority stake in Technology Frontiers India (TFI), a Chennai-based sports management firm.
IDG joins $6m round for Finnish mobile game developer
Next Games, a Finnish mobile gaming developer, has raised $6 million Series A round co-led by IDG Ventures and existing investor Jari Ovaskainen, followed by China’s IDG Capital Partners and US VC firm Lowercase Capital.
PE-backed Prime Focus to acquire Dax
India's Prime Focus Technologies (PFT), a unit of PE-backed movie effects and entertainment company Prime Focus, is to acquire DAX, a developer of a cloud-based workflow software-as-a-service (SaaS) for the media industry, for $9.1 million.
Indonesia VC: Lucrative clicks
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
Hony, TPG Growth invest in film studio
Hony Capital and TPG Growth, a middle market and growth equity investment arm of TPG Capital, have partnered with Hollywood producers Robert Simonds and Gigi Pritzker to set up a film studio.
CyberAgent leads $12m round for Korean food delivery app
Japan's CyberAgent Ventures has been joined by previous investors Altos Ventures, IMM Investment and Stonebridge Capital for a $12 million investment in Woowa Bros, the start-up behind Korean food delivery app Baedalui Minjok.
GF Securities, Alpha Animation launch China media fund
GF Xinde Investment, an investment arm of Chinese broker GF Securities, has established a RMB100 million ($16 million) PE fund with Shenzhen-listed toy maker Guangdong Alpha Animation and Culture. It will invest in internet and media companies.
INCJ-backed Japan Display IPO prices at bottom of range
Japan Display, the world's biggest maker of screens for tablets and smart phones, has priced its IPO at the bottom of indicative range following a lukewarm response from overseas investors.
Shenzhen Capital leads $10m round for wearables maker
Shenzhen Capital has led a RMB60 million ($10 million) Series B round of funding for Codoon, a Chinese manufacturer of wearable electronic devices, with participation from CITIC Capital.
TPG eyes quick return from Inghams property sale
TPG Capital is planning to sell a portfolio of real estate assets held by Inghams Enterprises that could more than cover the equity commitment it made when buying the Australian poultry producer last year.
Australia's CHAMP PE seeks London listing for Shelf Drilling
Shelf Drilling, a shallow water drilling services company set up by Australia’s CHAMP Private Equity in conjunction with its US affiliate Castle Harlan and Lime Rock Partners, plans to list on the London Stock Exchange in May.
Tencent to buy 15% stake in JD.com ahead of IPO
Tencent Holdings has agreed to take a 15% stake in JD.com, China’s second-largest B2C e-commerce platform - which is backed by several venture capital and private equity firms - for $214.7 million.
China's Hainan Haiyao to invest $20m in pharma-focused JV
China’s Hainan Haiyao, a Shenzhen-listed drug maker and distributor, plans to invest RMB122 million ($20 million) in a pharma-focused joint venture with several venture capital firms.
INCJ invests $6m in copper paste business
The Innovation Network Corporation of Japan (INCJ) has invested JPY600 million ($6 million) in Material Concept, a manufacturer of copper paste for use in electrical components and solar panels. Daiwa Corporate also invested an undisclosed amount in the...
Japan's Globis re-ups in UK educational app developer
Globis Capital Partners, the Japanese venture capital firm, has returned to lead a GBP3.4 million ($5.8 mllion) Series B round for Quipper, a UK company that develops educational mobile applications.