Sectors
CDH invests $3m in Chinese personal finance app Wacai
CDH Investments has committed $3 million in the latest round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer.
Qiming invests in traditional Chinese medicine business
Qiming Venture Partners has committed a Series A round of funding to Jun He Tang, a traditional Chinese medicine business. Financial terms were not disclosed.
PEP-backed Veda Advantage targets IPO
Pacific Equity Partners (PEP) is hoping to raise as much as A$340 million ($326 million) through a sale of new shares as it looks to launch the Australian IPO of credit-checking firm Veda Advantage this December.
Peepul Capital leads $30m Series E round for Komli Media
Digital advertising technology platform Komli Media has raised $30 million from new investor Peepul Capital. Existing investors Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in...
Startive Ventures-backed Freelancer targets small-cap IPO
Online jobs marketplace Freelancer.com has filed for its initial public offering on the Australian Securities Exchange with a view to raising A$15 million ($14.43 million). Startive Ventures owns 42% of Freelancer, chief executive Matt Barrie has 50%...
Malaysian financial comparison start-up gets $2m
Jungle Ventures has led a $2 million round of Series A funding for iMoney, a Malaysia-based financial comparison start-up. Other investors include IMJ Fenox, Fenox Venture Capital, Redbright Partners, 500 Startups and Vogel Ventures, as well as German...
Hong Kong Aircraft Engineering buys Timco from Owl Creek for $389m
Hong Kong Aircraft Engineering (HAECO), a listed aircraft maintenance provider controlled by Swire Pacific, has agreed to buy US-based Timco Aviation Services for $388.8 million from hedge fund operator Owl Creek Asset Managers.
Quadrant to buy APN's share of advertising JV for $67m
Quadrant Private Equity is set to buy joint venture partner APN News & Media's interest outdoor advertising venture APN Outdoor for A$69 million ($66.5 million).
Tata Capital buys stakes in Tata Sky, Mitra Biotech
Tata Capital’s offshore Tata Opportunities Fund (TOF) has acquired a 5% stake in direct-to-home (DTH) TV provider Tata Sky, while VC fund Tata Capital Innovations has backed cancer care company Mitra Biotech.
VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.
J-Star completes $6.6m exit of sweets maker Tokachi
J-Star has completed its exit of a 100% stake Japanese sweet maker Tokachi to Tokyo-listed Mediaflag in deal valued at JPY644 million ($6.6 million). According to sources familiar with the matter, the GP has generated a 1.3x return on its investment....
China's Sungy Mobile targets $80m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), is targeting a $80 million IPO and a listing on the New York Stock Exchange. The company, which focuses on apps, widgets and functions...
SAIF-backed HomeShop18 raises $14m round
Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company....
Actis invests $48m in Indian pharma company
Actis has invested $48 million for a significant minority stake in Symbiotec Pharmalab, an active pharmaceutical ingredients (API) manufacturer.
Macquarie to form infra JV with Japan's Maeda
Macquarie Capital will form a joint venture with Japanese engineering firm Maeda Corp. to invest in infrastructure and renewable energy projects.
Intel Capital unveils seven new Asia investments
Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...
CITIC oils Stackpole's China wheels
The oil pumps use to lubricate engine parts and reduce friction come in two forms: fixed and variable. The first are usually oversized to handle the harshest operating conditions and therefore deliver higher average oil pressure and consume more power...
Quadrant eyes aged care consolidation
Quadrant Private Equity completed its exit from New Zealand retirement village operator Summerset last week but demographics remain a prominent theme in the firm’s portfolio with the acquisition of Estia Health, an Australian aged-care provider.
IDG, CreditEase target online finance
CreditEase, the largest peer-to-peer (P2P) lender in China, has introduced a new twist to its relationship with IDG Capital Partners. Two-and-a-half years after becoming an IDG portfolio company, CreditEase has become a principal investor in an IDG-managed...
India e-commerce: Sink or swim
India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs
PE firms bid for South Korea's Woori assets
Several private equity firms have submitted bids for parts of Woori Finance Holdings in the second of three separate auctions intended to finally dispose of the Korean government’s interest in the business.
Baidu, VC-backed Qunar sets terms for $127m US IPO
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, is seeking to raise up to $127.8 million through its NASDAQ IPO. The company is also backed by GSR Ventures and GGV Capital, neither of which will sell any shares in the offering....
New Horizon leads $50m round for China's Chukong Technologies
New Horizon Capital has led a $50 million Series D round of investment in Chukong Technologies, a Chinese mobile game developer. GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light Venture Capital also participated in the round, which...
Chinese online marketplace 58.com sets terms for $165m US IPO
Chinese online marketplace 58.com is seeking raise up to $165 million through its New York Stock Exchange IPO. The company’s venture capital investors – Warburg Pincus, SAIF Partners and DCM – will not sell any of their shares in the offering.