Sectors
Matrix India commits $6m to Meditrina Hospitals
Matrix Partners India has invested INR400 million ($6 million) in Kerala-based Meditrina Hospitals for a significant minority stake. The private equity firm is the sole participant in the first round of investment.
ChrysCapital part exits Hexaware for $9m
ChrysCapital Partners has sold part of its 9.59% stake in listed Indian outsourcing firm Hexaware Technologies for INR614.2 million ($9.2 million) on the open market.
Focus Media targets $500m dividend recap - report
Focus Media, a Chinese advertising company backed by The Carlyle Group, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International intends to return to the loan market with recapitalization plan of around $500 million.
Quadria reaches first close on South, Southeast Asia healthcare fund
Quadria Capital has reached a first close of $107 million on its second fund, which invests in mid-size healthcare companies in South and Southeast Asia. This is the first vehicle the GP has raised independently, its predecessor being the Milestone Religare...
NewQuest makes $160m buyout offer for China Hydroelectric
NewQuest Capital Partners has made a take-private offer to US-listed China Hydroelectric that values the company at just over $160 million. The secondary specialist GP already owns 49.83% of China Hydroelectric and holds options and warrants that, if...
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Nissay Capital leads $1.5m round for Japan skills marketplace
Nissay Capital has a led a JPY150 million ($1.5 million) round of investment in WelSelf, the Tokyo-based start-up behind online skils marketplace Coconala. Other investors include internet marketing companies Opt and Adways, and the CEO of cosmetics site...
Century Bridge commits $32.8m to Hangzhou residential project
Century Bridge Capital has invested $32.8 million in a joint venture with property developer Zhejiang Headway Real Estate to construct a middle-income, residential project in the eastern China city of Hangzhou.
Grocery tycoon launches China retail fund
After selling his family business, Chinese hypermarket chain Home World Group, Yucun Du was on the lookout for a new project. Perhaps we shouldn’t be surprised to learn that he set up a private equity firm.
China's BVCF targets super bacteria
“Large pharmaceutical firms aren’t putting a lot of resources into developing antibiotics nowadays because they can make more money producing drugs for chronic-related diseases, or cancer treatments,” observes Zhi Yang, founder and managing partner of...
Shenzhen Capital Group invests in China credit IT system e-Buy
Shenzhen Capital Group has invested in China e-Buy Technology, a Shanghai-based firm which provides credit redemption solution. Investment size has reportedly amounted to RMB32.4 million ($5.29 million).
China's Gaw Capital launches US arm
Gaw Capital Partners, the Hong Kong-based private equity real estate investor, has formed an office in the US. It plans to raise a $300-500 million dollar-denominated Fund in the fourth quarter.
Mandarin Capital exits IMA Group, has first close on Fund II
Mandarin Capital, a Chinese-Italian private equity fund, has sold its 7.57% stake in Bologna-based pharmaceutical machinery business IMA Group for EUR53 million ($69.7 million) and has made first close of its second fund on EUR110.5 million.
Portfolio: Everstone Capital and IndoStar Capital Finance
While PE investors have been keen to capitalize on India’s financial services industry, Everstone Capital took a unique approach to the sector – building an independent non-banking financial company
Patent funds: Creative returns
Asia is now responsible for just over half of all patent filings worldwide. Will independent patent funds, which have already won a niche following in the US, catch on over here?
Japan's Rakuten acquires VC-backed video site Viki
Japanese e-commerce giant Rakuten has acquired Viki, a VC-backed global video streaming platform.The financial details of the transaction were not disclosed.
Morningside, Jingdong invest in Chinese food delivery service Daojia
Existing backer Morningside Ventures and B2C e-commerce site Jingdong (formerly 360Buy) have led a Series C round of investment in Chinese online food ordering platform Daojia. The financial details of the transaction were not disclosed.
Carlyle, Cathay Capital, PingAn jointly invest in Meinian Onehealth
A consortium, comprising The Carlyle Group, Cathay Capital Private Equity and China Ping An Insurance, has agreed to invest RMB300 million ($49 million) in Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up...
INCJ invests $6m in Japan's UniZeo
The Innovation Network Corporation of Japan (INCJ) has invested JPY600 million ($6 million) in UniZeo, a Japanese company which is focused on commercializing new methods of producing synthetic zeolite.
L Capital Asia eyes bigger deals, mature markets for Fund II
Larger deals, including a few buyouts, are likely to feature more prominently in L Capital Asia’s second regional fund as the GP expands its attention to the more developed markets of Australia, Japan and South Korea, as well as bringing to bear the expertise...
Quadrant backs City Farmers' tech-based strategy
With a longstanding interest in Australia’s pet supplies industry, Quadrant Private Equity examined all the major independent players in search of a business suitable for rapid scaling up and expansion nationwide. In Perth-headquartered City Farmers,...
Blume Ventures backs India software firm Kuliza
Bangalore-based Kuliza Technologies, a marketing software maker has raised seed funding from Blume Ventures. Financial details of the deal were not disclosed.
Armstrong reaches $130m third close on SE Asia energy fund
Netherlands Development Finance Company FMO, the Swiss Investment Fund for Emerging Markets (SIFEM) and the IFC Catalyst Fund will invest about $45 million to Armstrong Asset Management's Southeast Asia cleantech fund, bringing the total capital raised...
Ascent Capital invests $3.7m in CARE Ratings
Ascent Capital will invest INR250 million ($3.69 million) in Indian credit rating agency Credit Analysis and Research (CARE)