Sectors
Samara injects $32m in Monte Carlo Fashions
US-based private equity firm Samara Capital has invested INR1.75 billion ($32 million) for an 18% stake in India’s Monte Carlo Fashions.
Sequoia to reap 18% return on Cafe Coffee Day sale
Sequoia Capital India is targeting returns of 16-18% on its impending exit from Amalgamated Bean Coffee Trading, a unit of India’s Coffee Day Group.
Chinese online store Meilele receives $40m in second round funding
Chinese home furnishings e-tailer Meilele has received $40 million in second-round funding. The round was led by Singapore’s Vertex Venture, alongside Lightspeed Partners, Xianfeng Huaxing Group, LionRock Capital, and KTB Ventures.
Chinese accessory chain Aiyaya obtains $16m from Fortune Capital
Chinese accessory chain Aiyaya has received RMB100 million ($16 million) from Fortune Venture Capital in what could be the largest investment in the domestic accessory industry.
SBI, FMO launch $80m financial services fund
Japan's SBI Holdings and Netherlands Development Finance Company (FMO) have jointly rolled out a new fund that will invest in financial services across emerging Asia. The SBI-FMO Emerging Asian Financial Services Fund is targeting up to $80 million in...
Nanostart ups stake in MINT
Nanostart Asia Pacific has increased its stake in Singaporean cleantech firm Membrane Instruments and Technologies (MINT) from 18% to 28%.
Blackstone gets co-investment rights in HK hedge fund
Private equity giant Blackstone Group has upped its exposure to Asia-focused hedge fund Senrigan Capital. By injecting a further $50 million into the vehicle, it will be able to co-invest with Senrigan on a number of projects.
Intel bets on Vietnam's information highway
Imagine initialing every page of a 1,200-page equity agreement. Sudheer Kuppam, managing director of Intel Capital APAC, did exactly that over the last few months, for the paperwork for a transaction with Vietnam Communication Corp (VC Corp), a leading...
Ontario Teachers win Kyobo Life stake - update
Canada's Ontario Teachers Pension Plan has become the preferred bidder for a stake in Kyobo Life Insurance edging out other interested party, Affinity Equity Partners. Contrary to earlier media reports, the pension fund did not team up with existing shareholder...
Morgan Stanley in talks to buy Lanco's road assets
Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with Lanco Infratech to buy its 401km of highway projects.
AMP Capital makes clean energy investment in India
The AMP Capital Asian Giants Infrastructure Fund (AGIF) has bought a minority stake in Indian clean energy company Shalivahana Green Energy (SGEL) for almost $29 million.
PE-backed Chinese phone maker Xiaomi to get new funding
Chinese smartphone maker Xiaomi Technology is nearing the closing of a fundraising round that will value the company at $4 billion. The news comes after IDG Capital, Temasek Holdings and Qualcomm reportedly participated in a $90 million B-round of funding...
Tiger Global and SAIF boost Zovi with $10m
Venture capital firms Tiger Global and SAIF Partners have invested $10 million as part of a Series B round of funding for Indian online private label retailer Zovi.com.
Carlyle, Apollo miss out as Brambles cancels $2b asset sale
ASX-listed Brambles has announced that it has canceled it plans to raise cash by selling Recall, its information management business. The 10-month process was called to a halt because of low offers from potential buyers, which included a number of private...
Hawkesbridge backs Colemans
Australian private equity firm Hawkesbridge has acquired a stake in Australian fencing infrastructure firm the Colemans Group.
Unison Capital seeks buyer for sushi chain - report
Japanese private equity firm Unison Capital is searching for a buyer for its sushi restaurant chain Akindo Sushiro. If the transaction goes through, it could be worth as much as JPY70 billion ($893 million) and represent one of the largest private equity...
Navis puts Nirula's on the block - report
Malaysia-based private equity firm Navis Capital Partners is said to be in discussions with an individual about a sale of its Indian restaurant chain, Nirula's Corner House, for INR1.5 billion ($27 million).
Warburg Pincus finalizes $125m Future Capital deal
Warburg Pincus has reportedly agreed to buy a majority stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, for $100-125 million.
CVC-owned Formula One delays Singapore IPO
CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.
SBI, FMO to launch $80m emerging Asia financial fund
Japan’s SBI Holdings and Netherlands Development Finance Company (FMO) will jointly roll out a new fund to invest in financial services across emerging Asia. The fund will have a target size of up to $80 million and is seeking a first close of $60 million....
CVCI boosts Wuttisak with $100m
Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.
Intel Capital injects $17m in Southeast Asian firms
Early-stage technology investor Intel Capital has invested a total of $17 million in Singapore-based Reebonz.com and Hanoi-based Vietnam Communications Corporation (VC Corp).
Unitas mulls buyout of PE-backed Infastech - report
Pan-Asia buyout fund Unitas Capital has expressed interest in bidding for Singapore-based Infastech, which has been put on the block by CVC Capital Partners and Standard Chartered Private Equity (SCPE).
Lone Star to pursue arbitration over KEB exit
Lone Star Funds plans to initiate arbitration proceedings against the South Korean government regarding its $3.5 billion exit of Korea Exchange Bank (KEB) to Hana Financial. The US private equity firm claims the government interfered with its rights as...