Sectors
Burger King teams up with Cartesian to expand in China
Burger King is teaming up with New York-based Cartesian Capital and members of Turkey's Kurdoglu family to form a China joint venture that will open 1,000 restaurants nationwide in the next 5-7 years.
Hopu sells 6% stake in Chinese dairy firm Mengniu
Hopu Investment Management has sold its 6% stake in Hong Kong-listed Chinese daiy company China Mengniu Dairy for DKK1.7 billion ($289 million) to Denmark's Arla Foods.
OneVentures backs Paloma Mobile with $1.5m
Australia-focused venture capital firm OneVentures has led a $1.5 million Series A round of funding for Paloma Mobile, a developer of smartphone services for emerging markets.
PE firms plan AsiaInfo bids – report
Silver Lake, TPG Capital and Primavera Capital are said to be among the PE firms that have expressed an interest in AsiaInfo-Linkage, the US-listed telecoms software manufacturer that is subject to a buyout offer from CITIC Capital.
Indonesian pay-TV operator targets $260m IPO
PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.
Accion, Pragati India boost Saija Finance with $4m
Accion and Pragati India Fund have invested $4.5 million in Indian microfinance company Saija Finance. The funding will enable the firm to make acquisitions.
PE firms consider bid for Australian packaging firm – report
The Blackstone Group, KKR and The Carlyle Group are said to be in talks with banks over a bid for Australian packaging company Pact. The deal could value the firm at as much as $1.4 billion.
Kaizen injects $4m in Indian childcare provider
Education-focused PE firm Kaizen Management Advisors has invested INR200 million ($4 million) in Indian childcare services provider Your Kids ‘R’ Our Kids (YKROK).
Sony increases take in PE-backed India subsidiary
Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...
Fortis raises $66m from Jacob Ballas, IFC for Super Religare
Bangalore-based Fortis Healthcare has reached agreements with Jacob Ballas Capital and the International Finance Corporation (IFC) to raise INR3.7 billion ($66.4 million) for its diagnostics unit Super Religare Laboratories (SRL).
Lilly ups stake in Chinese pharma firm
Lilly Asian Ventures, the venture capital arm of pharmaceutical giant Eli Lilly & Co., has injected an additional $20 million of capital into existing portfolio company Novast.
Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated...
Palatine-backed Air Energi bolts on Indonesia's Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.
India's Komli raises $39m in Series D round
India-based Komli Media, a provider of online advertising solutions across mobile, video, social networks and search engines, has attracted $39 million in Series D funding from venture capital firms, in a move to expand its presence across Asia.
PE firms remain in the hunt for Kyobo Life
The sale of a one third interest in Kyobo Life, the smallest of South Korea’s Big Three life insurers, was always going to be a two-phase affair. The first phase – Korea Asset Management Corp. (KAMCO) exiting its 9.9% stake in the company – is now all...
VCs park their cash in Indian taxi firms
Venture investment in Indian taxi companies is no new phenomenon, but the profile of the firms which are commanding capital appears to be changing
Private investors back IPO of Khazanah's healthcare arm
Blackrock, Capital Group and Och-Ziff Capital Management Group have agreed to become cornerstone investors in the proposed $2 billion IPO of Malaysia's Integrated Healthcare Holdings (IHH), which is owned by Khazanah Nasional.
India's Komli raises $39m from VCs in Series D round
Norwest Venture Partners has led a $39 million round of funding for Komli Media, India’s largest advertising-focused media technology company. Existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated,...
Qantas appoints Macquarie to defend against PE bids
Qantas Airways has hired Macquarie Group to set up an internal team “to advise on the defense against potential private equity bids,” a company spokesman has confirmed. The news prompted an 11% spike in the airline’s share price to A$1.08 during morning...
Apax, Bain in race for $1.4b Genpact stake
Apax Partners and Bain Capital are reportedly competing for the 41% stake in Indian business process outsourcing (BPO) company Genpact being sold by Oak Hill Capital and General Atlantic (GA). The stake is valued at $1.4 billion, which could make this...
Sage Capital vehicle backs Chinese shoemaker Baofeng
Asia Equity Value, an investment vehicle advised by Sage Capital Global, has agreed to invest in Baofeng Modern International, a Hong Kong-listed Chinese footwear manufacturer.
Sequoia invests in India's Citrus Payments
Sequoia Capital has invested an undisclosed amount in Mumbai-based Citrus Payment Solutions, which offers payment services including online banking and credit card gateways.
PubMatic raises $45m in mezzanine financing from VC players
India-based GPs Helion Ventures and Nexus Venture Partners have participated in a $45 million round of mezzanine financing for their portfolio company PubMatic. The round was led by US-based August Capital, with Draper Fisher Jurvetson and Silicon Valley...