Sectors
Japan's Globis invests $4.2m in news aggregator
Globis Capital Partners has invested JPY420 million ($4.29 million) in Tokyo-based Gocro, the start-up behind news aggregation app SmartNews.
Korea's IMM, Mirae invest $224m in POSCO Specialty Steel
IMM Private Equity and Mirae Asset Private Equity have together invested KRW250 billion ($223.6 million) for a 24% stake in POSCO Specialty Steel (POSCO SS), an affiliate of national steelmaker POSCO. POSCO SS abandoned an IPO effort in December – set...
Everstone-backed beauty brand VLCC makes Singapore bolt-on
VLCC, the Asian health and beauty brand backed by Indian GP Everstone Capital, has bought an 80% stake in Global Vantaage Innovative Group (GVig), a Singapore-based firm that manufactures personal care and skincare products as well as cosmetics. It is...
Sequoia invests $17m in India's Vini Cosmetics
Sequoia Capital has bought a minority stake in Vini Cosmetics for INR1.1 billion ($17.8 million). The company makes the Fogg range of deodorants and talcum powders White Tone and Jinjola.
Morgan Stanley leads $53m round in India's Janalakshmi MFI
Microfinance lender Janalakshmi Financial Services has raised INR3.25 billion ($52.8 million) in a Series D round of funding led by Morgan Stanley Private Equity Asia.
Kingsoft Cloud secures $20m Series A round led by DST's Milner
Kingsoft Cloud, a cloud computing unit of Hong Kong-listed Kingsoft Group, has received a Series A round of funding worth $20 million, led by Yuri Milner, founder of DST Partners.
American Capital infra unit hires ex-Citi banker as Asia MD
American Capital Energy & Infrastructure (E&I), an affiliate of NASDAQ-listed private equity firm American Capital, has appointed Abhay Pande as managing director for Asia. He was formerly co-head of energy global banking in the region for Citigroup....
Abraaj, CDC back India's Rainbow Hospitals
The Abraaj Group and CDC, the UK government’s development finance arm, have together committed $17.5 million to Rainbow Hospitals, a pediatric and maternity healthcare facility in the southern Indian state of Andhra Pradesh. The size of the stake was...
Intel Capital commits $8.8m to Indian big data firm NxtGen
Intel Capital, global chipmaker Intel’s corporate VC arm, has invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider. The capital will primarily be used to complete NxtGen’s large high-density...
Zodius seed funding supports Antuit's US acquisition
Zodius Capital provided $3 million in seed funding to Antuit, a Singapore-headquartered big data and analytics company. A portion of the capital will be used to finance the purchase of Marketwell, giving the company a readymade footprint in the US market....
Tiantu Capital makes the first investment via sixth RMB fund
China’s Tiantu Capital has committed RMB80 million (US$13 million) to Ganqishi, a Hangzhou-based Chinese cuisine food chain, for an undisclosed stake. It is the first investment from the VC firm's sixth renminbi-denominated fund.
Fab raises $5m from Itochu Corp
Online lifestyle store Fab.com has raised $5 million from Japan’s Itochu Corporation, as the two develop a joint venture agreement to bring the company to Japan in 2014.
Shenzhen lottery site 500wan.com eyes $150m US IPO – report
Chinese venture capital-backed local lottery website 500wan.com plans on raising at least $150 million through an IPO in the US later this year.
TPG-backed Li Ning posts first half loss
Li Ning, the Chinese sportswear retail group backed by GIC Private and TPG Capital, has reported a net loss of RMB184 million ($30 million) in the first six months of this year, compared with a RMB44.3 million profit in the first half of last year.
PE-backed Ratnakar Bank buys part of RBS' India business
Ratnakar Bank will acquire Royal Bank of Scotland's (RBS) Indian credit cards, mortgage and commercial banking portfolios for an undisclosed sum. The small-sized private sector lender has raised around INR10.7 billion ($177 million) from private equity...
Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
Shenzhen Capital invests China's Le Vision Pictures
Shenzhen Capital Group has invested in a Series A round of funding for Le Vision Pictures, the Beijing-based film making arm of online film and TV portal LeTV. Details of transaction were not disclosed but this latest investment bring to total amount...
Scentan Ventures takes part in $2m round for Japanese curation app Antenna
Singapore's Scentan Ventures has joined Tokyo-based strategic investor Macromill in investing JPY1.5 billion ($15.5 million) in Glider Associates, the Japanese startup behind smartphone curation app Antenna, for a 25.6% stake.
IFM takes 34% stake in NZ's Scottish Pacific
Australia's Industry Funds Management (IFM) has taken a 34% stake in New Zealand financial services company Scottish Pacific.
ASK Pravi invests $9.7m in India's OMNI Hospitals
ASK Pravi Capital Advisors has invested INR600 million ($9.7 million) in the tertiary care OMNI Hospitals chain for a significant minority stake.
GGV, Orchid Asia invest in China's Beauty Plus
GGV Capital and investment group Orchid China have jointly participated in a Series A round of funding for a Shanghai-based cosmetics retailer Beauty Plus.The financial terms were not disclosed.
IFC, Invesco WLR lead Organica Water Series B round
WLR China Energy Infrastructure Fund (CEIF) - a private equity fund managed by Invesco WLR Private Equity - has taken part in a Series B round of funding for Organica Water, a global waste water treatment solutions provider, led by International Finance...
Northstar buys Singapore's ERA Real Estate in MBO - update
The Northstar Group will buy ERA Real Estate, Singapore’s largest real estate agency, from Hersing Corporation in a deal reportedly worth more than S$100 million ($78.8 million). Jack Chua, former president of ERA, is leading a group of senior executives...
Fosun, Axa French Club Med buyout extended
The French financial markets authority, Autorité des Marchés Financiers (AMF), has extended a takeover of France-based vacation resort operator Club Méditerranée (Club Med) by China’s Fosun International and Axa Private Equity after shareholder complaints....