Sectors
China tech M&A: Money to burn
Chinese technology firms are becoming increasingly acquisitive, with certain players snapping up assets within months of going public. What is driving this change?
Carlyle to buy Tyco's Korea unit for $1.93b
The Carlyle Group has agreed to buy fire safety and security systems provider Tyco International’s South Korean business for $1.93 billion. According to AVCJ Research, it is the largest-ever buyout in Korea by a global private equity firm.
CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group.
Fosun invests $325m in Beijing Sanyuan Foods
Chinese conglomerate Fosun International has acquired a 20.45% stake in Beijing Sanyuan Foods, a dairy products producer, for RMB$2 billion ($325 million).
QIC PE unit invests in Australian building contractor
Australia’s QIC has bought a minority stake in Queensland-based Ostwald Construction Materials (OCM), the quarry and concrete solutions arm of Ostwald Bros. QIC acted through its private equity unit.
Oak Capital invests another $4.9m in Japan's Softfront
Oak Capital has invested JPY500 million ($4.9 million) in JASDAQ-listed IT services firm Softfront, increasing its stake in the company to 20.8%.
GPIF joins DBJ, OMERS to invest up to $2.7b in infrastructure
Japan's Government Pension Investment Fund (GPIF), has formed a partnership with Development Bank of Japan (DBJ) and Ontario Municipal Employees Retirement System (OMERS) to jointly invest in infrastructure assets.
PE-backed Chinese education provider aims for $100m US IPO
Tarena International, a Chinese IT training services provider that counts Goldman Sachs, IDG Capital Partners and Jafco among its investors, is seeking to raise up to $100 million through a NASDAQ IPO.
Indian Angel Network in UK start-up SwiftShift
The Indian Angel Network (IAN) has committed an undisclosed sum in London-based workforce management tool SwiftShift. This is the group's first UK investment.
China’s online pet store Boqii raises $25m Series B round
Boqii.com, a Chinese social network and e-commerce platform for pet owners, has secured $25 million in Series B funding from an undisclosed US-based investment firm, with participation from existing backer Goldman Sachs.
Nissay Capital invests $1.9m in Japan home renovation site
Nissay Capital has invested JPY200 million ($1.9 million) in Sekaie, the Japanese e-commerce start-up behind home renovation services website Rinoko.
Beijing Capital Group beats Carlyle to TPI’s New Zealand business
Beijing Capital Group, a Chinese state-owned enterprise principally involved in infrastructure, has outmuscled bidders including The Carlyle Group to buy Transpacific Industries Group’s (TPI) New Zealand waste management business for NZ$950 million...
Warburg Pincus-backed Sunshine 100 eyes $310m HK IPO
Sunshine 100 China Holding, a Chinese property developer backed by Warburg Pincus, has launched its Hong Kong IPO, seeking up to HK$2.4 million ($310 million).
ASK Pravi takes minority stake in Indian kidswear brand
India mid-market private equity firm ASK Pravi Capital Advisors has invested INR500 million ($8 million) in children's clothing manufacturer Indian Clothing League.
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.
VC-backed Food Runner buys Philippines' City Delivery
Food Runner, a Singapore-based food delivery company backed by Digital Media Partners, has acquired Philippines counterpart City Delivery.
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.