Sectors
Southeast Asia’s unloved
Southeast Asia is in vogue, seen by many as an increasingly credible alternative to China and India. Indonesia, as the region’s only market of scale, has naturally attracted the most interest. Virtually every regional and global private equity firm...
ASK Property invests $25m in Indian residential project
ASK Property Investment Advisors (APIA) has invested INR1.47 billion ($24.4 million) in a residential project being developed by ATS near Delhi. This is the fifth investment from the $200 million ASK Real Estate Special Opportunities Fund.
China’s Capital Today invests in Home Original Chicken
Capital Today has committed RMB129 million ($21 million) for a 10% stake in Home Original Chicken, a Chinese fast food chain.
Samurai Incubate Fund invests in Japanese child monitor app
Samurai Incubate Fund has backed Japanese mobile app developer Unirings - the company behind child monitoring app Mimamoru. Financial details of the transaction were not disclosed.
CVCI invests $56m in Indian automotive parts maker
Citi Venture Capital International (CVCI) has invested INR3.4 billion ($56.48 million) in automotive and aerospace component maker Sansera Engineering for a “substantial” stake, the firm said.
INCJ invests in $1.7m in Japanese tech firm Exvision
The Innovation Network Corporation of Japan (INCJ) has invested JPY180 million ($1.7 million) in Exvision, a company which develops high-speed image processing technology.
Goldman, Temasek invest $110m in Shanda’s Cloudary unit
Goldman Sachs and Temasek Holdings have committed $110 million for a minority stake in Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment.
Australia’s Next Capital buys Scottish Pacific from Lazard
Next Capital completed the acquisition of Australian debt finance company Scottish Pacific from Lazard Australia Private Equity. The transaction value wasn’t disclosed but local media reports put it at around A$90 million ($82.6 million).
Baring PE Asia set for Korea logistics buyout
Baring Private Equity Asia has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity. The deal is worth around KRW160 billion ($140 million).
China’s Sailing Capital supports $400m round for Mobileye
China’s Sailing Capital participated in a $400 million round of funding round for Mobileye, a Netherlands-based operator of driver assistance systems, valuing the company at about $1.5 billion. It is one of five investors that will between them own...
Navis exits Australian oil and gas services provider
Navis Capital Partners has exited Callidus Process Solutions, an Australian industry valve maintenance specialist serving mining and oil and gas sites, to Pon Holdings Australia (PHA).
Microsoft Ventures enters China market
Microsoft has launched Microsoft Ventures in China to provide seed funding and other resources to local start-ups.
Japanese software testing service in $4m VC round
Shift, a Japanese software testing service, has raised JPY400 million ($4 million) from VC investors Simplex Holdings and Movida Capital as well as strategic investor Bit-isle, a cloud data service provider.
DBJ, SMBC, Mitsubishi UFJ back Japan's Adinnovation
The Development Bank of Japan (DBJ) , SMBC Ventures and Mitsubishi UFJ Capital have together invested JPY160 million ($1.5 million) in marketing specialist Adinnovation.
Korea’s IMM Private Equity invests $87m in Hollys F&B
IMM Private Equity has agreed to pay KRW100 billion ($87 million) for a controlling position in Hollys F&B, the parent company of Hollys Coffee, one of South Korea’s largest coffee shop chains.
Japan's Chiyoda acquires PE-backed energy consultancy
Chiyoda Corp, a Japanese engineering contractor, has acquired a majority stake in Scottish energy consultancy business Xodus Group from UK private equity backer Simmons Parallel Private and Dutch investor Sunrise Xodus. Financial details were not disclosed.
Nissay Capital invests $2m in display component maker Cerebrex
Nissay Capital has invested JPY250 million ($2.4 million) in Cerebrex, a semiconductor start-up that produces components for liquid crystal displays.
Piramal to buy 10% stake in TPG-backed Shriram Capital
Indian conglomerate Piramal will purchase a 10% stake in Shriram Capital, the holding company of Shriram Group's financial services business. TPG Capital owns an 11% stake in the company.
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...