Sectors
China's CBC invests in travel website Breadtrip
China Broadband Capital (CBC) has provided a Series B round of funding for Breadtrip.com, an online travel platform. The company has now raised about $10 million across two rounds.
Temasek buys stake in India's Eros International
Temasek Holdings has made its first foray into India's Bollywood movie industry as Fullerton Fund Management - a unit of the Singapore sovereign fund - acquired a stake in local film distributor Eros International.
KKR to invest $200m in Indian drug maker Gland Pharma
KKR has agreed to buy a minority stake in Gland Pharma, an Indian injectable drugs manufacturer, for approximately $200 million. The investment facilitates the exit of Invascent Capital's Evolvence India Life Sciences Fund (EILSF).
US retailer Target to launch India accelerator
Target plans to launch a corporate incubator in Bangalore in January 2014. The Target Accelerator Program will give Indian start-ups specializing in big data, content aggregation, mobility and search up to $30,000 in funding.
Sequoia leads $25m round for China online takeout service
Sequoia Capital China has led a $25 million Series C round of funding for ele.me, a Chinese food ordering service. This latest round - which also includes existing backer Matrix Partners - values the company approximately $100 million.
Blackstone Real Estate Partners to exit Synergy Property
The Blackstone Group’s Real Estate Partners unit is in the process of exiting its 35% stake in Bangalore-based project management consultancy Synergy Property Development Services in a deal valued at INR2.6 billion ($41.7 million)
Hitachi acquires Sequoia-backed Prizm
Hitachi will acquire all issued equity of India’s Prizm Payment Services from Sequoia Capital, Axis Bank and other shareholders. Financial terms of the deal were not disclosed.
Northern Light backs Chinese analytics provider TalkingData
Northern Light Venture Capital has provided $10 million in Series A funding to TalkingData, a Chinese mobile data analytics provider. The company plans to use the new capital to enhance its product offerings in mobile gaming, advertising, e-commerce and...
Q&A: Milestone Capital Advisors' Rubi Arya
The sudden death of Ved Prakash Arya in 2011 left Milestone Capital Advisors without a founder and figurehead. His widow, Rubi Arya, took up the reins. She tells AVCJ how the business is moving forward
India agritech: Green shoots
India’s agricultural sector is fast-growing but inefficient. Private equity is well positioned to capitalize on the need for better technology, information and distribution
Australia's Ansell buys PE-backed glove maker for $615m
US-based Odyssey Investment Partners has agreed to sell BarrierSafe Solutions International, a provider of disposable gloves, to Ansell for approximately $615 million.
Kingsoft receives $50m from Morningside, GGV, Shunwei
Kingsoft Office Software, an office suite that competes with Microsoft Office, has received $50 million in commitments from Morningside Technologies, GGV Capital and Shunwei China Internet Fund.
China's 500.com jumps 54% on NYSE debut
Shares in VC-backed 500.com gained 54% as the Chinese online sports lottery provider made its US trading debut on Friday. The stock peaked at $21.85 before closing at $20.01, valuing the company at $700 million.
Baring Asia backs $2.8b Giant Interactive take-private
Baring Private Equity Asia is supporting a management buyout of Chinese online game developer Giant Interactive Group that values the New York Stock Exchange-listed company at approximately $2.8 billion. If the deal goes through it would be the second-largest...
CBC, Sichuan Changhong to launch $41m internet fund
China Broadband Capital Partners (CBC) and Sichuan Changhong Electric, a Chinese electric goods maker, plan to launch a RMB250 million ($41 million) venture fund to invest in the cloud computing, big data, smart phone and internet industries.
KKR-owned Bis Industries acquires Powertrans for $27m
KKR-held Australian mining logistics company Bis Industries is to acquire mining haulage systems operator Powertrans for A$30 million ($27.46 million).
Norway fund, Oaktree among anchors for China Cinda IPO
Norway’s sovereign wealth fund and Oaktree Capital Management are two of 10 cornerstone investors that will cover up to 44% of China Cinda Asset Management Corp’s IPO. The company, originally set up to absorb non-performing loans (NPLs) from China’s Big...
Sungy Mobile stock closes up 19% after $78.5m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), saw its stock jump 19% on its first day of trading on NASDAQ to close at $13.35.
AD Capital-owned Spring REIT to raise $229m in HK IPO
Spring REIT, a real estate investment trust owned by AD Capital, is looking to raise up to $229 million through a Hong Kong IPO. The REIT owns two office buildings in Beijing's China Central Place.
Sequoia backs China CRM platform Xiaoshouyi
Sequoia Capital has provided a Series A round of funding for Xiaoshouyi, a Chinese customer relationship management (CRM) platform.
Nissay, Globis, SMBC invest $3m in Japan's Itandi
Japanese VC investors Nissay Capital, Globis Capital and SMBC Ventures have committed JPY300 million ($2.9 million) to Itandi, an IT solutions provider to the real estate industry.
Phillip PE leads Series B round for Singapore's Clozette
Phillip Private Equity has led a $3 million Series B round for Singapore-based fashion shopping network Clozette.co, with participation from existing backers Walden International and several angel investors.
BNRI agrees tie-up with China resources advisory firm
Barclays’ global resources-focused PE platform, Barclays Natural Resource Investments (BNRI), has formed a strategic partnership with Beijing-based corporate advisory firm Ilex Partners to develop its business in mainland China.
PE-backed China Cinda to raise $2.5b in Hong Kong IPO - report
PE-backed China Cinda Asset Management Corp, one of four groups set up to absorb non-performing loans (NPLs) from the country’s Big Four state-owned banks, is expected to raise up to $2.5 billion in its Hong Kong IPO.