Sectors
Hony, Orix-backed theme park operator targets $345m HK IPO
Haichang Holdings, a Chinese theme park and property developer backed by Hony Capital and Orix Corp, is seeking to raise up to HK$2.68 billion ($345 million) through a Hong Kong IPO.
INCJ invests $4.7m in Trigence Semiconductor
The Innovation Network Corporation of Japan (INCJ) has invested $4.7 million in Trigence Semiconductor, a developer of digital audio technology.
Bayer buys Legend Capital-backed Dihon Pharma
Bayer has agreed to buy Dihon Pharmaceutical Group, a manufacturer of herbal traditional Chinese medicines (TCM). The acquisition facilitates the exit of Legend Capital, an investor in Dihon since 2010.
PE-invested mining services provider enters administration
The Anywhere Group (TAG), an Australian provider of temporary accommodation for the mining sector, has gone into administration owing Singapore-based PE firm Crest Capital Asia A$9.5 million ($8.4 million).
Creador raises Somany Ceramics investment to $10m
South and Southeast Asia-focused mid-market GP Creador has increased its investment in Indian tile maker Somany Ceramics to $10 million via a secondary market transaction.
EBay leads $134m round for Indian online marketplace Snapdeal
Indian online marketplace Snapdeal has raised a new round of funding worth $133.8 million led by eBay. It comes less than a year after the US e-commerce giant led a $50 million Series C round for the company.
SIG leads $10m round for China mobile voice search app
SIG has led a Series B round of funding worth nearly $10 million for Mobvoi, a voice-activated mobile search services provider. Sequoia Capital and ZhenFund, which provided the Series A round in 2012, also participated.
Scentan invests $75m in SaaS start-up Tradeshift
Tradeshift, a start-up which provides businesses with free payment management tools, has raised $75 million from Singapore-based Scentan Ventures.
Carlyle nears deal to buy Korea's Tyco unit - report
The Carlyle Group has been selected as preferred bidder for Tyco International's South Korean security systems unit - ADT Caps
Linkedin to enter China, launch JV with CBC, Sequoia
Linkedin, a social media site for professionals has established a joint venture with Sequoia China and China Broadband Capital Partners (CBC Capital) to expand into the China market.
EQT buys restructured I-Med from hedge fund owners
Australian radiology provider I-Med Network Radiology is being sold by its hedge fund owners to a consortium led by EQT Partners.
Baring Asia exits Indonesian aviation services provider
Baring Private Equity Asia has sold its 41.65% stake in air freight and passenger services provider Cardig Aero Services (CAS) to Singapore Airport Terminal Services (SATS) for IDR1.1 billion ($93.5 million). The PE firm invested approximately $41 million...
CDH pays $40m for 20% stake in China gold project
CDH Investments will acquire a 20% stake in Eastern Dragon project, a gold reserve base owned by Canadian miner Eldorado Gold Corporation, for $40 million in cash.
China's NSSF joins cornerstones for Poly Culture IPO
China’s National Council for Social Security Fund (NSSF) will commit about $19.8 million as a cornerstone investor in Poly Culture’s HK$2.57 billion ($331 million) Hong Kong IPO.
Origo restructures China cleantech fund
Origo Partners has restructured its China cleantech fund - China Cleantech Partners (CCP) - taking full control of the vehicle and paving an exit for co-investor Ecofin Water & Power Opportunities (EWPO).
Ventech invests in China P2P lending platform Jimubox
Ventech Capital, a France-based VC firm, has provided a Series A round of funding for Beijing-based peer-to-peer (P2P) online lending platform Jimubox.com. Transaction details were not disclosed but the investment is worth about $10 million.
IFC commits $50m to India's Cholamandalam NBFC
International Finance Corporation (IFC), the investment arm of World Bank, is investing INR3.15 billion ($50.7 million) in non-banking finance company (NBFC) Cholamandalam Investment & Finance (CIF).
Samena picks up stake in Mahindra scooters business
Asia and Middle East-focused private equity firm Samena Capital has bought a 10.29% stake in Mahindra Two Wheelers, a scooter business controlled by Indian conglomerate Mahindra Group, from Kinetic Engineering.
Kendall Court ends Intrepid's Indonesia mining nightmare
Kendall Court has acquired Intrepid Mines’ interest in the Tujuh Bukit copper-gold project in Indonesia for $80 million, ending the Australia-listed resources company’s long-running ownership dispute over the asset.
PE investors trade in GMR Energy shares for infra exposure
A consortium of investors led by IDFC Alternatives and Temasek Holdings have agreed to restructure their investments in India's GMR Energy (GMRE) by purchasing INR11.4 billion ($183 million) in convertible preference shares in GMR Infrastructure (GMRI)....
Focus Media targets $1b Hong Kong IPO - report
Chinese display advertising business Focus Media, which was taken private in last May by a consortium of private equity investors in conjunction with company management, is said to be working towards a $1 billion IPO in early 2015.
IFC commits $25m to Olympus' Asia environment fund
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest $25 million in Olympus Capital Asia’s latest pan-regional environment fund. The vehicle has a target size of $300 million.
VC-backed robot suit maker files for Tokyo IPO
Cyberdyne, a Japanese robotics company that counts Jafco Ventures, Nissay Capital and the Development Bank of Japan (DBJ) among its investors - has received approval for its Tokyo IPO.
INCJ invests $9 million in animation tool developer New
The Innovation Network Corporation of Japan (INCJ) has invested JPY900 million ($8.7 million) in New, a start-up that develops tools for creating motion comics.