Sectors
SingTel Innov8 leads $5m Series A round in China's Yodo1
SingTel Innov8, the VC unit of Singapore's SingTel Group, has led a $5 million round of Series A funding in Chinese smartphone game publisher Yodo1. Original investor Chang You Fund also took part in this latest round.
China's VC-backed Light in the Box files for $86m IPO
VC-backed Chinese online retailer Light in the Box could raise up to $86.3 million through an IPO on the New York Stock Exchange.
Lunar Capital acquires majority stake in China's Guizhou Yonghong
Lunar Capital Management has acquired a majority stake in Chinese snack food company Guizhou Yonghong, for an undisclosed sum. The company produces and distributes processed beef products under the brand of Niutou, which means Bullhead.
Caspian launches its first debt fund
Caspian Advisors is targeting $40 million for the first pure debt fund in India's social impact segment. The Caspian Impact Investments (CII) fund already has $10 million in commitments from FMO, Triodos Doen and Hivos-Triodos Fund and Gray Ghost Microfinance...
NEA names managing director for Asia
VC firm New Enterprise Associates (NEA) has appointed Carmen Chang as Asia partner and managing director. She is charged with enhancing the firm’s deal flow and brand in China and other Asian markets.
KKR kicks tires, buys Alliance
India is expected to see an increasing number of secondary buyouts in the next couple of years as GPs look for ways to monetize existing portfolios in the face of a difficult public market environment. While KKR's acquisition of Warburg Pincus' majority...
Quadria carries the Milestone-Religare torch
For Amit Varma, buying Indian GP Milestone Religare was never part of the plan. He left financial services group Religare last year to set up Quadria Capital with Abrar Mir, formerly of NBD Sana Capital. They recently launched a debut fund, targeting...
Unitas patches up Australian auto parts firm
It seems counter-intuitive for a private equity firm to invest in inventory - if anything, they are known in the West for cutting working capital post-buyout - but this is what Unitas Capital did on acquiring Exego, a car parts supplier that operates...
CX Partners finalizes $22m investment in Transaction Solutions unit
CX Partners has finalized its acquisition of a 75% stake in the Indian ATM unit of Australia's Transaction Solutions International (TSI). The private equity firm has agreed to pay INR1.2 billion($22.13 million) for TSI India.
Bessemer Ventures leads $1m round in Singapore's Nitrous.IO
Bessemer Venture Partners has led a $1 million round of seed investment in Singapore tech start-up Nitrous.IO.
Omnivore Partners buys stake in India's Arohan Foods
Venture capital firm Omnivore partners has bought a significant minority stake in pork integrator Arohan Foods for an undisclosed sum. Assam-based Arohan works with pig farmers across Northeast India and retails pork products across the country.
CDH invests $90m in HK furniture maker Man Wah Holdings
CDH Investments has acquired a 8.54% stake in Hong Kong's Man Wah Holdings for HK$700 million ($90 million) through a convertible bonds subscription. Another investor, Huaxia, also bought a 1.83% stake in the firm for HK$150 million.
L Capital buys 50% stake in Australian boot maker
L Capital Asia, the regional investment arm of luxury group LVMH, has acquired a 49.9% stake in Australian boot maker R.M. Williams for around A$52 million ($55 million).
Warburg Pincus invests in India's Avtec, Actis exits
Warburg Pincus has acquired a minority stake in Avetec, an Indian manufacturer of precision-engineered products, facilitating an exit for Actis. The value of the transaction was not disclosed.
Tano India backs Shree Shubnam Logistics
Tano Capital is set to invest INR800 million ($15 million) in Mumbai-based Shree Shubham Logistics (SSL) for an undisclosed stake, supporting the company's domestic expansion.
China travel site Qunar raises new round – report
Chinese online travel bookings portal Qunar has reportedly received $57 million from majority owner Baidu, new investor Hillhouse Capital and existing backer GGV Capital.
Baring PE India boosts stake in Manappuram Finance
Baring Private Equity Partners India has increased its stake in gold loan company Manappuram Finance to 9.71% through an open market transaction.
Goldman, GIC invest $100m in China healthcare play iKang
Goldman Sachs and Government of Singapore Investment Corporation (GIC) have committed $100 million to Chinese private health management company iKang.
Morgan Stanley-backed Hyundai Rotem targets IPO
Hyundai Rotem, a South Korean railway and defense systems manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), has applied to the Korea Exchange for an IPO. According to local media, the company is looking to raise KRW300-400 billion ($270-360...
China's Hongye commits $100m to California's Singpoli Capital
China's Hongye International Investment Group has committed a $100 million in private equity to California-based firm Singpoli Capital to develop green energy, biochemistry, media, high-tech and real estate construction projects.
CanBank Venture invests $4.6m in India's Ashapura Garments
Canbank Venture Capital Fund (CVCF), the private equity unit of Canara Bank, has picked up an undisclosed stake in Gujarat-based Ashapura Garments for INR250 million ($4.56 million).
Hony Capital acquires 10% stake in Chinese property developer
Hony Capital has bought a 10% stakes in Shanghai-listed property developer Shanghai Chengtou Holding for RMB1.8 billion ($290 million), becoming the second-largest shareholder in the company.
KKR pays $500m for Warburg's Alliance Tire Group stake
KKR has agreed to buy Warburg Pincus’ controlling stake in Indian tire make Alliance Tire Group. Terms were not disclosed, but sources familiar with the transaction told AVCJ that KKR will pay $450-500 million for an approximately 75% stake as well as...
eFront launches Sydney office
Financial software provider eFront, a leading supplier to alternative investment managers, has opened an office in Sydney. This is the company’s first foray into Australia but its fifth base in Asia Pacific, complementing existing locations in Beijing,...