Sectors
Tokio Marine invests $9.5m in furniture maker Asplund
Tokio Marine Capital has acquired a majority stake in Japanese furniture maker Asplund for around JPY1 billion ($9.5 million).
Japanese VCs invest $1.5m in ad platform Logly
Voyage Ventures, Mizuho Capital, SMBC Venture Capital and strategic investor CA Mobile have together invested JPY120 million ($1.15 million) in Logly, a Japan-based start-up running an internet ad platform.
SC Lowy, Yuil PE buy Korea's Shinmin Mutual Savings Bank
Hong Kong-based investing and trading firm SC Lowy has teamed up with a South Korean private equity fund known as Yuil PE to buy Shinmin Savings Bank. The institution’s name will change to Choeun Mutual Savings Bank.
China's WestSummit raises $325m across two tech funds
Beijing-based growth capital firm WestSummit Capital has raised $325 million across two funds, comprising $225 million for West Summit’s Fund II and $100 million for its China Ireland Technology Growth Capital Fund.
Carlyle completes partial exit from HK-listed Haier Electronics
The Carlyle Group has raised around $285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group.
Accel, Tiger Global invest $10.3m in India's CommonFloor
Accel and Tiger Global have upped their stake in Indian online real estate portal CommonFloor, together investing an additional INR640 million ($10.3 million) in the company.
Nalanda ups stake in Lovable Lingerie
Singapore-based Nalanda Capital has bought a further 3.73% stake in listed Indian undergarment maker Lovable Lingerie, taking its total holding to 8.79%.
Hao Capital makes $80m partial exit from Pax Technology
Hao Capital has made another partial exit from electronic payment systems provider Pax Technology, selling a 15.1% equity stake for around $80 million through a block trade. The private equity firm has now realized $100 million on an original investment...
MSPEA-backed Feihe International buys Alf Beta Dairy
Feihe International, a Chinese infant formula and milk power producer backed by Morgan Stanley Private Equity Asia (MSPEA), has acquired industry peer Jilin Alf Beta Dairy.
KKR, Affinity exit Oriental Brewery to AB InBev for $5.8b
KKR and Affinity Equity Partners have agreed to sell South Korea’s Oriental Brewery to Anheuser-Busch InBev for $5.8 billion. The money multiple is more than 5x, sources close to the deal said.
RRJ-backed China diaper maker plans HK IPO - report
AAB Group, a Chinese diaper maker backed by RRJ Capital, is said to be looking to raise as much as $300 million through an IPO on the Hong Kong Stock Exchange.
Tyco shortlists PE firms for Korean unit - report
KKR, Bain Capital, IMM Private Equity and The Carlyle Group are reportedly among those shortlisted by US security specialist Tyco International as potential buyers for its South Korean unit - ADT Caps - in deal worth as much as $1.4 billion.
VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
Sequoia invests in China Angel Group hospital
Sequoia Capital has invested in a Series B round of funding for Angel Women’s and Children Hospital, a Chengdu-based hospital chain.
IDG, IvyCap back India's FieldEZ Technologies
Bangalore-based FieldEZ Technologies has raised a first round of funding from IDG Ventures and IvyCap Ventures. The amount invested in the workforce management software company was not disclosed.
Wakabayashi Fund invests in MIT Holding
Wakabayashi Fund, a private equity firm based in Tokyo and New York, has invested in US healthcare firm MIT Holdings. The financial details of the transaction were not disclosed.
Canaan leads $5.6m round for India's SureWaves
Canaan Partners has led a INR350 million ($5.6 million) round of funding for SureWaves MediaTech, an Indian TV advertising platform operating out of Bangalore. Existing backers Accel Partners India and India Innovation Fund (IIF) also participated.
Apollo's Grant Kelley named CEO of City Developments
Grant Kelley, head of Apollo Global Management’s Asia Pacific real estate business, has joined listed Singapore property developer City Developments (CDL) as CEO.
Tencent invests in PE-backed China South City
Chinese internet company Tencent Holdings has bought a 9.9% stake in China South City Holdings, a logistics center operator that count PAG among its investors, for HK$1.5 billion ($193 million).
China's JD.com targets $2b IPO - report
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is said to be planning an IPO for the second half of 2014.
CITIC Capital consortium completes $887m AsiaInfo take-private
CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium....
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Technology Crossover Ventures leads Series B for Australia's Siteminder
Australian hotel booking start-up SiteMinder has raised $30 million in funding led by Palo Alto-based Technology Crossover Ventures (TCV).
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.