Sectors
Japan's Astellas Pharma leads US-based Mitokyne $45m Series A round
Astellas Pharma, a Tokyo-listed pharmaceutical firm, has led a $45 million Series A round of investment in US biotech start-up Mitokyne, alongside MPM Capital and Longwood Founders Fund.
TPG to buy 21st Century Fox stake in Phoenix Satellite TV
TPG Capital has agreed to buy a 12.15% stake in Chinese satellite television operator Phoenix Satellite Television Holdings from 21st Century Fox for HK$1.66 billion ($214 million).
Hutchison Whampoa abandons Parknshop sale plan
Hutchison Whampoa has abandoned plans to sell Hong Kong supermarket chain ParknShop, after it had reportedly attracted bids from the likes of KKR, TPG Capital and a number of strategic investors.
MSPEA set for partial exit as Hyundai Rotem IPO raises $585m
Hyundai Rotem, a train manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), will complete the fourth-largest IPO ever executed on the Korea Exchange and the biggest in more than three years. The offering will generate proceeds of KRW622.4...
Nokia Growth leads Series D round for China's SolarVista Media
Nokia Growth Partners (NGP) has led a Series D round of investment for SolarVista Media, a Chinese outdoor billboard technology and media company. China Ease Management, existing backers Northern Light Venture Capital, Tuspark Ventures and FnH also participated....
Quadrant exits Summerset, buys Estia Health
Quadrant Private Equity has fully exited New Zealand retirement village operator Summerset via the public market, generating an estimated return multiple of more than 3.7x. In the same week, it acquired a majority stake in Australian aged-care operator...
CCBI PE unit invests in China Water Industry Group
The private equity unit of CCB International (CCBI), has invested HK$200 million ($26 million) in China Water Industry Group through a convertible bonds subscription.
Blumont receives $200m injection to support Discovery Metals investment
Blumont Group has received $200 million in new funding from New York-based investment firm Platinum Partners, half of which will be used to buy convertible bonds in Australian copper miner Discovery Metals, previously a target of Chinese private equity...
Helion, Blumberg invest $1.5m in India's Mygola for US expansion
Mygola.com, an Indian online travel planning start-up, has raised a $1.5 million Series A round led by Helion Venture Partners and including existing backer Blumberg Capital. The funding will be used to support the company's US expansion plans.
China's Pactera agrees to $625m Blackstone-led take-private
Pactera Technology International has agreed to be taken private by a consortium led by The Blackstone Group that values the NASDAQ-listed Chinese tech outsourcing firm at approximately $625 million. Existing investor GGV Capital is also participating...
Global Brain invests $3.3m in Japan group buying site Luxa
Japanese venture capital firm Global Brain has invested JPY330 million ($3.3 million) in luxury group buying site Luxa through its KDDI Open Innovation Fund.
Silver Lake, Nexus invest in Indian commodity trading platform
Silver Lake Kraftwerk has taken a minority stake in Bangalore-based Eka Software Solutions, a commodity trading and risk management software provider. Existing investor Nexus Venture Partners also participated in the funding round.
SBI, FMO target up to $125m for Asia financial sector fund
Japan's SBI Holdings and the Netherlands Development Finance Company (FMO) are looking to raise as much as $125 million for their SBI-FMO Emerging Asia Financial Sector Fund.
Fosun VC leads Series B round for Chinese animation producer
Fosun Venture Capital Investment, a VC arm of Fosun Group, has invested in a Series B round of funding for Beijing Dream Castle Culture, a Chinese animation producer. Existing backer GGV Capital also participated. Financial terms were not disclosed.
RRJ invests $50m in China property developer CIFI
RRJ Capital has agreed to invest $50 million in Shanghai-headquartered real estate developer CIFI Holdings via a new share subscription. The firm, which went public in Hong Kong last December, raising approximately $214 million, will use the capital for...
Japan's SoftBank acquires VC-backed Supercell for $1.5b
Japanese telecom giant SoftBank has acquired SuperCell - a Finnish mobile games developer backed by Index Ventures, Accel Partners and Atomico - paying JPY150 billion ($1.53 billion) for a 51% stake.
IDFC Alternatives invests $20m in Medi Assist
IDFC Alternatives has committed INR1.25 billion ($20.39 million) to Medi Assist, a Bangalore-based health benefits manager.
Walden to launch $100m India semiconductor start-ups fund
Walden International will launch a fund to invest in Indian semiconductor-related start-ups. It already manages a similar vehicle focused on China.
Matrix makes a booking with Stayzilla
The travel e-commerce market in India is booming but the technology which has made it possible is also leaving many behind. This is particularly visible is the hotel booking segment, where transactions frequently break down because establishments don't...
Apax adds to global outsourcing exposure
"Including GlobalLogic, Apax funds would have invested about $1.5 billion of equity in the outsourcing space in a number of transactions around the world," says Shashank Singh, partner at Apax Partners and head of their India office. "Technology spend...
Ascendent backs Wumart as Chinese retailer buys CP Lotus stores
Ascendent Capital Partners (ACP) has acquired a stake in Chinese supermarket operator Wumart Stores, as Wumart moves to acquire 36 stores from retail firm CP Lotus Corp. for HK$2.3 billion ($302 million) through a share swap.
People's Daily to buy Sequoia-backed online literacy platform
People.cn, a Chinese online newspaper run by state-owned People’s Daily, intends to purchase a 69.25% stake in Kanshu.com, an online book reading platform backed by Sequoia Capital, for RMB249 million ($40.8 million).
South Korea's Troika Resources, Canada's Bellatrix form oil JV
Bellatrix Exploration, a small Canadian oil and gas explorer, has formed a C$240 million ($231 million) joint venture with the South Korea's Troika Resources Private Equity Fund (TRPEF) - which is managed by KDB Bank, SK Energy and Samchully Asset Management...
Australia's CPA rejects $2.6b takeover bid from CPPIB, Dexus
The Commonwealth Property Office Fund (CPA) has rejected a A$2.7 billion ($2.6 billion) takeover bid from the Canada Pension Plan Investment Board (CPPIB) and Dexus Property Group (DXS) to acquire the trust's Australian office portfolio.