Sectors
Qiming promotes Nisa Leung to managing partner
Qiming Venture Partners has promoted Nisa Leung, the head of its healthcare practice, to managing partner.
Tiger Global, Accel invest $7.5m in India's CommonFloor
Tiger Global Management and Accel Partners have invested another $7.5 million in Indian real estate and apartment management portal Commonfloor.com.
Temasek's portfolio expands to $169b with greater focus on energy
Temasek Holdings saw its portfolio grow to S$215 billion ($169 billion) for the year ended March 2013, up 8.6% from the preceding 12 months.
KDDI Fund participates in $2m round for Japanese game developer
KDDI Open Innovation Fund has joined CyberAgent Ventures and Japanese entertainment company FuRyu in committing a total JPY230 million ($2.2 million) to Japanese game developer Mutations Studio.
Actis exits Chinese kitchen equipment maker to US trade buyer
Actis has sold its stakes in Chinese commercial kitchen equipment maker Vesta to Illinois Tool Works (ITW), a US industrial equipment manufacturer. Terms of the transaction were not disclosed.
AMP Capital pays $409m for Powerco NZ stake
AMP Capital has agreed to buy 42% of Powerco NZ Holdings, New Zealand’s second largest electricity and gas distribution company, from Brookfield Infrastructure Partners for NZ$525 million ($409 million). It is investing on behalf of several clients and...
India's ShopClues eyes $50m growth round
Online marketplace ShopClues.com is looking to raise a further $30-50 million from investors, after January’s $10 million round from Helion Venture Partners, Nexus Venture Partners and Japan’s Netprice, which is backed by CyberAgent and Dentsu.
Credit China, jeweler Chow Tai Fook form RQFLP fund
Hong Kong jeweler Chow Tai Fook has teamed up with financial services provider Credit China and private equity firm VMS Investment to form a closed-end Renminbi Qualified Foreign Limited Partnership (RQFLP) fund. The vehicle, named Chongqing Run Ke Equity...
South Asian impact fundraising platform gets Series A round
Singapore’s Jungle Ventures has led a $1.1 million round of funding for Milaap Social Ventures, an impact-focused fundraising platform in South Asia. Lion Rock Capital and two angel investors also participated, as did existing investor Unitus Seed Fund....
India Value Fund invests $40m in spice firm VKL
India Value Fund Advisors (IVFA) has committed $40 million to Vallabhdas Kanji Limited (VKL), a seasonings and spices producer, based on expectations of growth in the quick service restaurants segment (QSR) and processed foods industry.
India's Robosoft Technologies gets $3m from Kalaari Capital
India-focused Kalaari Capital has invested INR220 million ($3.69 million) for a minority stake in mobile apps and games developer Robosoft Technologies. Kalaari Managing Director Kumar Shiralagi and Vice President Sumit Jain will join the Robosoft board....
Anacacia exits Rafferty's to PZ Cussons for 10x return - Update
Anacacia Capital has sold baby-food producer Rafferty’s Garden to London-listed PZ Cussons for GBP42.2 million ($64 million). The Australia GP is understood to have generated a 10x return on an investment made three years ago.
Ironbridge targets full buyout of Australia's Bravura
Ironbridge Capital has made an offer to acquire a further one-third stake in listed Australian life insurance and wealth management provider Bravura Solutions. The offer values the company at A$172.7 million ($158.3 million).
Blackstone set for partial exit as Emcure Pharma files for IPO
The Blackstone Group will make a partial exit from its 2006 investment in India's Emcure Pharmaceuticals as the company targets a INR3 billion ($50.4 million) IPO.
Sun Capital exits US-based ASB to Japan's Lixil
Sun Capital Partners has exited its stake in American Standard Brands (ASB), a US maker of bathroom and kitchen fixtures, to Japanese toilet manufacturer Lixil Corp. for $542 million. The deal values the 138 year-old firm at around $342 million and includes...
Untapped Japan VC market targets mobile space - AVCJ Japan
Japanese venture capital is still being overlooked by LPs despite the untapped potential of Asia's fastest growing mobile internet space, industry participants told the AVCJ Japan Forum.
CITIC Capital closes VC fund on $113m
CITIC Capital has reached a final close of on $113 million on its debut venture capital fund, short of the $150 million target.
CDH commits $97m to China's New Focus Auto
CDH Investments has invested $97.37 million in Hong Kong-listed auto after-sales service provider New Focus Auto (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion it will own 63.2% of the company.
Vogo-backed Tongyang Life chosen as preferred bidder ING Korea unit – report
A consortium led by Tongyang Life Insurance, which is majority-owned by Vogo Investment, has reportedly been chosen as the preferred bidder for ING Groep’s South Korean life insurance unit. The consortium is said to have offered around KRW2 trillion ($1.7...
Global Environment Fund promotes Sridhar Narayan to MD
Global Environment Fund (GEF), a private equity firm that targets energy, resources and environment-related assets, has promoted Sridhar Narayan to managing director within its India team.
Gray Matters invests in social banker Unitus Capital
Bangalore-based social investment bank Unitus Capital (UC) has received an undisclosed commitment from Gray Matters Capital (GMC)-owned First Light Ventures fund. The vehicle acts as an incubator and investment partner to seed-stage, for-profit social...
PE-backed NBFC Magma to apply for India banking license
Non-bank financing company (NBFC) Magma Fincorp, which has several private equity investors, will apply to the Reserve Bank of India (RBI) for a new banking license. IDFC, Religare Enterprises, Reliance Capital and the Aditya Birla Group also plan to...
Korean government tries again to offload Woori stake
The South Korean government will once again try to offload its majority stake in Woori Finance Holdings, this time breaking up the asset into three pieces to be auctioned separately. The plan is to sell two regional banks and a brokerage and related units...
PEP-owned American Stock Transfer refinances debt – report
Pacific Equity Partners (PEP) is said to have tapped the US markets to refinance $480 million in debt held by portfolio company American Stock Transfer (AST). This is the third time in less than two months that firms owned by the Australian GP have completed...