Sectors
New Zealand, Taiwan cross-border fund ups target to $70m
A cross-border fund launched by New Zealand-based Pan Pacific Capital and Taiwan's state-run Institute for Information Industry (III) has raised its target to $70 million and is nearing a first close.
Matrix provides Series A for Shotformats Digital Works
Matrix Partners India has provided a Series A round of funding for Shotformats Digital Works, a distribution and digital entertainment company. Financial terms were undisclosed.
China classifieds site sees shares close up 42% on US debut
Chinese online marketplace 58.com – a classifieds website along the lines of Craigslist, backed by Warburg Pincus, SAIF Partners and DCM – saw its shares close up 42% on the first day of trading on the New York Stock Exchange. Coming in the wake of 58.com’s...
Sequoia leads $16m investment in Cloudnine hospital chain
Sequoia Capital has led INR1 billion ($16.3 million) investment into Bangalore-based infant and maternity care hospital chain Cloudnine. Existing investor Matrix Partners also participated in the round.
CVC poised to buy China restaurant chain South Beauty - report
CVC Capital Partners is said to be nearing an agreement to buy a majority stake South Beauty Group, a Chinese restaurant chain, for around $300 million.
CLSA's cleantech fund hires water-focused operating partner
CLSA Capital Partners has appointed Dr. Richard Woodling, previously director of global research and development at Siemens’ water R&D center in Singapore, as an operating partner in the Clean Resources Asia Growth Fund (CRAGF).
Vision Knight teams up with strategics to tap China online education
Vision Knight Capital - the private equity firm set up by former Alibaba CEO David Wei - has partnered with games developer NetDragon Websoft and a unit of electronics maker Hon Hai Precision Industry to launch a $33 million online education venture....
Chinese digital magazine Viva receives $20m round
Viva, a Chinese digital magazine operator, has received a $20 million Series C round of financing from an undisclosed French investment institution. Minhong Yu, founder of Chinese education provider New Oriental, also participated in the round.
Affinity seals $123m dairy JV with Chinese SOE
Affinity Equity Partners has invested $123 million in a dairy farming joint venture with a Chinese state-owned enterprise (SOE). It represents the 12th and final commitment from the GP’s third pan-Asian fund and comes as Fund IV is said be nearing a final...
Bamboo Finance sees 2x return on Mongolia XacBank exit
Emerging markets-focused private equity firm Bamboo Finance has exited its stake in TenGer Financial Group (TFG), the holding company of Mongolia's XacBank, to Japan's Orix Corp. Financial details of the transaction were not disclosed, but it is said...
Ant Capital acquires Japanese shoe maker MoonStar
Ant Capital has acquired a majority stake in 140-year-old Japanese shoe maker MoonStar from the founding family and other shareholders. Financial details were not disclosed.
Fosun VC, ChinaRock back Shijiebang Series A round
Fosun Venture Capital Investment, Fosun Group’s VC arm, and US-based ChinaRock Capital Management have invested in a Series A round of financing for online travel site Shijiebang. Angel investor Jerry Yang, co-founder and former CEO of Yahoo, also participated...
Q&A: Intel Capital's Arvind Sodhani
Arvind Sodhani, president of Intel Capital, explains his passion for wearable technology, why cleantech is now a turn-off, and how the group’s investment strategy tracks trends in innovation
J-Star makes sweet exit from Tokachi
Gifts are a big part of Japanese tradition. Whether you are making an introduction, expressing thanks or simply marking a change in the seasons, an exchange of gifts is usually required. A large section of the country’s consumer sector relies on providing...
Affinity bets again on the protein theory
Having bought New Zealand poulty producer Tegel Foods and Australian deli meats specialist Primo Smallgoods, Affinity Equity Partners’ third pan-regional fund is already heavily invested in the Asian “protein theory.” Both companies are looking to distribute...
Chinese game developer Boyaa plans $133m HK IPO
Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...
CDH leads $20m round for movie ticket site Gewara.com
Existing investor CDH Investments has led a $20 million round of funding for Gewara.com, a Shanghai-based online movie ticket website.
KKR invests $89m in Apollo Hospitals' parent
KKR has made an INR5.5 billion ($89.74 million) investment in PCR Investments, the holding company of India’s Apollo Hospitals group.
Schwarzman bullish on Blackstone's Australia prospects
The Blackstone Group is looking to increase its investments in Australian real estate and private equity, according to Stephen Schwarzman, the firm’s co-founder.
Ant Capital exits cream puff maker Beard Papa
Ant Capital is exiting its 100% stake in Muginoho Holdings, the company behind Japanese cream puff brand Beard Papa, to instant food giant Nagatanien for JPY9.44 billion ($96 million).
Jafco-backed Ride On Express files for Japan IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, has filed for a Tokyo IPO.
RRJ ups stake in ING's US insurance business - report
RRJ Capital is said to have upped its stake in the US insurance unit of ING Group, investing a further $248 million.
KKR considers bid for Australia's Regis Aged Care - report
KKR is said to be interested in buying Macquarie Group’s take in Regis Aged Care, one of Australia's largest private senior care home operators. There is significant private equity interest in the aged care space, which is seen as ripe for consolidation....
INCJ invests $8m in Japanese mobile payment start-up
Government-backed Innovation Network Corporation of Japan (INCJ) has invested JPY800 million ($8 million) in mobile payments processor Coiney.