Sectors
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...
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.
India’s VC-backed Qubecell acquired by mobile payments company Boku
Mobile billing aggregator Qubecell, which is backed by Kae Capital, Blume Ventures, Mumbai Angels and TA Ventures, has been acquired by San Francisco-based Boku.
Risa Partners exits drug store to Tsuruha Holdings for $99m
Risa Partners, a unit of NEC Capital, has exited its 56% stake in Japanese drug store operator Hearty Wants to strategic investor Tsuruha Holdings for JPY10.1 billion ($99 million).
Indonesian fashion site Berrybenka raises $5m Series B
Japan's Transcomos has led a $5 million Series B round of funding for Berrybenka, picking a more than 30% interest in the Indonesian fashion e-commerce start-up. Existing backer GREE Venture also participated.
Tencent an investor in Snapchat – report
Tencent reportedly made a minority investment in video messaging app Snapchat in June.
Indian T-shirt design crowd-sourcing platform gets VC funding
Mumbai-based online apparel retailer VoxPopClothing has raised $400,000 in funding from Blume Ventures and other unnamed investors.
Virgin forms India JV with Cinema Capital Venture Fund
Richard Branson’s Virgin Produced media production company has entered into a partnership with Mumbai-based Cinema Capital Venture Fund and Tantrik Group, a media and entertainment asset management firm, to launch Virgin Produced India, which will develop,...