Sectors
CIC, RRJ back China water treatment firm SIIC Environment
Singapore-listed Chinese water treatment firm SIIC Environment will raise a total of S$260.2 million ($209 million) by selling new shares to investors including China Investment Corporation (CIC), RRJ Capital and CCBI International.
CITIC Capital, Crestview buy machinery supplier Stackpole
CITIC Capital Partners has teamed up with New York-based Crestview Partners to buy Stackpole International, a North American machinery supplier, from Sterling Group and Current Capital. The transaction value was not disclosed but it is reportedly $512...
OzForex shares jump on debut following $416m IPO
OzForex Group - an Australian online foreign exchange services provider backed by The Carlyle Group, Accel Partners and Macquarie Group - saw its shares jump nearly 30% on its first day of trading following a A$440 million ($416 million) IPO.
Matrix, Valara invest $150m in New Zealand's Xero
New Zealand-based online accounting software company Xero has raised a NZ$180 million ($150 million) round from existing backers Matrix Capital Management and Valara Ventures. The transaction was priced at $15.10 per share for 9.92 million shares - representing...
IDG commits $40m to Peking Duck restaurant chain Quanjude
IDG Capital Partners has invested RMB250 million ($40 million) in Chinese catering chain Quanjude - best known for its Peking Duck dishes - for a 5.78% stake.
KKR to invest about $150 million in India's Gland Pharma – report
KKR is reported to be in the process of buying around 30% of Gland Pharma, an active pharmaceutical ingredients and injectable drugs manufacturer, for $150 million.
Sequoia commits $4m to India's Idea Device
Data center automation company Idea Device has raised $4 million in Series A funding from Sequoia Capital.
Oaktree agrees tanker deal with Singapore's Navig8
Oaktree Capital Management and Singaporean shipping management firm Navig8 have agreed to form a shipping joint venture, Navig8 Chemical Tankers.
Alibaba will not pursue Hong Kong listing
Alibaba Group has decided not to pursue a Hong Kong IPO after efforts to persuade the exchange to accommodate a shareholding structure that allows management to retain control of the business met with a lukewarm response. It is unclear where the listing...
Indian regulator revives REITs plan
The Securities and Exchange Board of India (SEBI) has issued draft guidelines to set up real estate investment trusts (REITs) in the country, which could help provide liquidity to existing investors and attract more foreign capital.
CIC agrees $1.3b debt-for-equity swap with Bumi Resources
China Investment Corporation (CIC) has agreed a debt-for-equity swap worth $1.3 billion with embattled Indonesian miner Bumi Resources.
IDG, Inventus lead $2m Series A for India's Unbxd
IDG Venture India and Inventus Capital Partners have led a $2 million Series A round of investment in Unbxd, a product recommendation platform for e-commerce companies.
Fosun invests in Hong Kong-listed Goldpoly New Energy
Fosun Group has invested in Goldpoly New Energy Holdings, a Hong Kong-listed Chinese solar power station operator, by subscribing to a $50 million convertible bonds offering. China Orient Asset Management and US-based asset management firm York Capital...
India's Flipkart raises additional $160m
Online retailer Flipkart has raised an additional $160 million in Series E funding from new investors Sofina, Morgan Stanley Investment Management, Dragoneer Investment Group and Vulcan Capital, along with participation from existing investor Tiger Global.It...
KKR invests $200m in Malaysia's Weststar Aviation
KKR has completed its first investment in Malaysia, paying approximately MYR642 million ($200 million) for a substantial minority stake in Weststar Aviation Services (WAS). It is also the first investment from KKR Asian Fund II, a $6 billion vehicle that...
Singapore's DCP leads $20m Series B for Amaranth Medical
DCP Management has led the $20 million Series B round of funding for Amaranth Medical, a medical device manufacturer. Existing investors Bio*One Capital, Charter Life Sciences and Phillip Capital, as well as new entrant Venstar Capital, also participated....
Apax buys VC-backed IT developer GlobalLogic
Apax Partners is to acquire a majority stake in outsourced software product developer GlobalLogic (GL) in an all secondary deal. It has agreed to buyout existing investors WestBridge Capital, New Atlantic Ventures (NAV), New Enterprise Associates (NEA),...
Goldman to raise up to $315m in Geely Auto sell down
Goldman Sachs Principal Investment Area, an investment unit of Goldman Sachs, plans to sell-down its entire stake in Hong Kong-listed Geely Automobile Holdings, raising up to HK$2.44 billion ($315 million).
China shopping search portal B5M raises $16m round
ClearVue Partners has led a $16 million Series B round of investment in Chinese shopping portal B5M.
Sierra Ventures leads Series C round for China's Social Touch
Chinese social marketing services provider Social Touch has raised $10 million in Series C funding from a group of investors led by Sierra Ventures. Legend Capital and GGV Capital, which backed the company in its previous two rounds, also participated....
VC-backed Eneres in $25m Japan IPO
Eneres, a venture capital-backed energy resources management firm, saw its stock more than double to JPY717 on its first day of trading in Tokyo yesterday following a JPY2.5 billion ($25 million) IPO.
Japan online fish seller raises $1.5m VC round
Hachimenroppi, a Japanese firm that operates an IT-enabled fresh fish distribution platform, has secured a JPY150 million ($1.5 million) round of investment from Pygmalion No 2, a venture fund managed by Tokyo-based firm Value Create. Two strategic investors...
Creador makes SE Asia e-payment breakthrough
Creador spent a couple of years looking for ways to enter Southeast Asia’s electronic payments space without much success. “We are a firm believer that there is a shift from cash to credit and debit solutions and e-commerce will push this to the next...
China retail: Asset-heavy to asset-light
Facing competition from e-commerce platforms, China’s traditional offline retailers are moving online – and the ideal combination is a combination of the two. PE investors are seeking opportunity in the disruption