Sectors
Hahn & Co agrees $380m Hanjin deal
Of the four leading Korean dry bulk carriers, Hanjin Shipping and Hyundai Merchant Marine are raising capital through asset sales and restructurings, while STX Pan Ocean and Korea Line have already filed for bankruptcy.
IVFA to exit UEM India as Toshiba buys 26% stake - report
Japanese electronics giant Toshiba Corp. is looking acquire a 26% stake in Indian water treatment specialist UEM Group from existing shareholders, including private equity investor India Value Fund Advisors (IVFA).
SAIF leads $30m round for battery maker Amprius
SAIF Partners has led a Series C round of funding worth $30 million for Amprius, a lithium-ion battery manufacturer headquartered in the US but with production lines in China. All of the company’s existing investors also participated.
IMM PE invests $190m in Korean cable TV operator T-Broad
IMM Private Equity has acquired an approximately 21% stake in T-Broad Holdings, South Korea’s second-largest cable operator by subscriber numbers, for KRW200 billion ($190 million).
Aspada invests in Indian supply chain services firm
Aspada Investment invested INR100 million ($1.6 million) in ThinkLink Supply Chain Services, which provides skill development and staffing services as well as turnkey project management to companies in India’s logistics sector.
Vietnam restaurant chain receives $3.5m in funding
Huy Vietnam Group, Vietnam’s largest restaurant chain, has secured another $3.3 million in funding from institutional and high net worth investors from China and Singapore.
Digital Garage leads Series A for Indonesia babycare site
Indonesian online babycare retailer Bilna.com has raised a new round of funding led by Digital Garage Incubation, with participation from Golden Gate Ventures, Japanese animation studios TMS Entertainment and existing investors Cyber Agent Ventures and...
South Korea orders KT Corp to buy back satellite from Permira-owned ABS
The South Korean government has ordered telecom operator KT Corp. to buy back a satellite it sold to Asia Broadcast Satellite (ABS), a Hong Kong-based company owned by Permira.
Future Ventures fashion spin-out buys 27.50% stake in Desi Belle
Future Lifestyle Fashions (FLF), the listed fashion retail unit that spun out of India’s Future Ventures, has acquired a 27.50% stake in the company behind the Desi Belle womenswear label.
Multiples takes minority stake in India denim maker Arvind
Multiples Alternative Asset Management has taken around 3.8% stake in listed textile manufacturer Arvind for INR1.48 billion ($24 million), buying 9.95 million shares through bulk deals on the open market.
CITIC PE leads Series C for China taxi booking app - report
CITIC Private Equity has reportedly led a Series C round of funding worth up to $100 million for Didi Dache, a Chinese taxi booking app. Existing investor Tencent is also among the participants.
Australia's Anacacia backs Yumi's Quality Foods
Anacacia Capital has invested an undisclosed amount in Australian snacks company Yumi's Quality Foods.
INCJ joins Japanese companies to form $300m start-up fund
The Innovation Corporation Network of Japan (INCJ) has joined a consortium of 10 Japanese companies to set up a $300 million start-up fund to be managed by Silicon Valley-based venture firm WiL.
Nissay, SMBC, Incubate invest $1m Japan budget app
Nissay Capital, SMBC Venture Capital and Incubate Fund have together invested JPY100 million ($955,000) in BearTail, the Japanese start-up behind the cloud-based household accounting app Dr. Wallet.
Dream Incubator leads $2m round for Japan mobile video network
Dream Incubator has led a $2 million round of investment for Breaker, a Japanese start-up that distributes mobile video content. Seimer Ventures also took part in the round alongside an number of undisclosed investors.
NLVC backs Chinese P2P lending platform Dianrong
Northern Light Venture Capital (NLVC) has led a Series A round of funding for Chinese P2P lending service Dianrong. The specific investment amount was not disclosed but the company said it was tens of millions of dollars.
China Media Capital to buy 21st Century Fox's Star TV stake
China Media Capital (CMC) has agreed to buy 21st Century Fox’s 47% stake in Star China TV in partnership with company management. The acquisition gives CMC full ownership of what was previously News Corporation’s China portfolio, having bought a majority...
MGPA exits Westin Singapore hotel for $369m
BlackRock-owned real estate investor MGPA has sold its stake in The Westin Singapore hotel to Japan’s Daisho Group for a reported S$468 million ($369 million).
Baidu, VCs provide $15m round for fashion site Yoka
Baidu has led a $15 million round of funding for Yoka, a Chinese fashion website. Fidelity Growth Partners also participated in the round alongside existing investors IDG Capital Partners, Matrix Partners and Hearst Corporation.
Intel Capital backs Sanjet's wearable video technology
Intel Capital has committed an undisclosed sum to Sanjet Technology Corp, a Taiwan-based manufacturer of portable multi-purpose video cameras. The funding will be used to support the development of cameras that can be worn on the body or placed inside...
Indonesia eases foreign investment restrictions
Foreign investors will be able to take larger stakes in Indonesia’s power, advertising and pharmaceuticals sectors as part of efforts to boost the country’s slowing economy. The changes require formal presidential endorsement before they can come...
Advent exits India’s CAMS as NSE buys 45% stake
Advent International has fully exited its stake in Computer Age Management Services (CAMS) after a subsidiary of India’s National Stock Exchange (NSE) bought a 45% stake in the company, which provides transaction processing and other back office services...
Hahn & Co to buy Hanjin’s bulk carrier business
Hahn & Co. will pay KRW400 billion ($380 million) for a 76% stake in Hanjin Shipping’s bulk carrier business. This is the South Korean private equity firm’s second foray into the shipping sector following an aborted attempt earlier this year to buy...
Longreach agrees Japan manufacturing carve-out
The Longreach Group has agreed to buy Sol-Plus Group, a Japanese plastics manufacturer with production facilities in Thailand, for an undisclosed sum.