Sectors
GSR Ventures leads $30m round for Boston-Power
GSR Ventures has led a $30 million round of investment into lithium-ion battery maker Boston-Power, which recently agreed to relocate its operational headquarters to China.
Sino-Forest bondholders may face 100% write-down
Sino-Forest bondholders could face a near-100% write-down on their investment as the company received a default notice on two of its bonds after failing to file third-quarter results on time.
GCA to invest $200m in India
San Francisco-based private equity firm Gerken Capital Associates (GCA) has announced that it intends to begin investing in the Indian market with an initial commitment of $200 million.
Saban Capital-backed Tiger Gate creates media JV
Tiger Gate, the pay-TV distributor backed by Saban Capital Group, has partnered with Celestial Pictures to establish media company Celestial Tiger Entertainment (CTE).
Smartphone maker Xiaomi secures $90m in VC funding
Chinese smartphone startup Xiaomi Technology has raised $90 million in funding, which values the company at $1 billion. Existing investors Morningside Technologies, Qiming Ventures and IDG Ventures participated in the financing round as well as new participants...
Yahoo studies part-exit from its Asian assets
Yahoo is considering the sale of a substantial chunk of its 40% interest in Chinese e-commerce company Alibaba Group as well as exiting its 35% holding in Yahoo Japan. The value of the transaction would reportedly be $17-18 billion, allowing the US internet...
TPG to take 20% stake in Shriram Transport Finance
TPG Capital will hold a 20% stake in Shriram Transport Finance once the Indian company merges with its unlisted parent and largest shareholder Shriram Holdings Madras. The US private equity firm currently owns 49% of Shriram Holdings and the merger with...
CVC, Johor win board backing for Malaysian fast-food buyout
A takeover offer from CVC Capital Partners and Malaysian state investment arm Johor Corp. for fast-food chains QSR Brands and KFC Holdings has won approval from the companies’ respective boards. The consortium must now put their bid before shareholders,...
MediaWorks is latest Oz debt-to-equity target
The phenomenon is known as “loan to own.” Investors buy up companies’ debt on the secondary market and negotiate with the boards to secure what are in effect controlling positions.
Saratoga bets on Indonesian energy
Overseas private equity funds often attribute Indonesia’s rising-star status in Asia to its explosive consumer growth story. Many domestic players, however, have gravitated toward resource plays, and energy in particular.
Qiming leads $10m Series A round for Appconomy
Qiming Ventures has led a $10 million Series A round of equity and debt funding in mobile application developer Appconomy. The funds will be used to accelerate the firm’s expansion in China.
IDG, Accel invest $50m in US hardware firm
Bangalore-based IDG Ventures and Silicon Valley’s Accel Partners have led a $50 million Series A round of funding for Razer, a US gaming hardware company.
KKR-backed Tianrui raises $124m in Hong Kong IPO
China Tianrui Group Cement, a portfolio company of private equity giant KKR, has raised HK$966.2 million ($124 million) through an IPO on the Hong Kong Stock Exchange.
Everstone buys stake in Delhi restaurant chain
Everstone Capital has agreed to buy a 45% stake in Pind Balluchi, a New Delhi-based restaurant chain, for about $20 million. The private equity firm will invest in JS Hospitality Services, which operates about 30 restaurants under the Pind Balluchi brand....
Arctic-backed Living & Leisure receives $244m takeover bid
Living & Leisure Australia Group (LLA), the tourist attractions operator part-owned by Arctic Capital, has received a A$244 million ($244 million) takeover bid from private equity-backed Merlin Entertainments.
Accel takes stake in Trivone Digital
Venture capital firm Accel Partners has invested an undisclosed amount for a minority stake in Bangalore-based digital media content provider Trivone Digital.
CHAMP Ventures buys Australian specialist safety wear retailer
CHAMP Ventures has purchased a 79% stake in RSEA, Australia’s largest specialist safety retailer of hard hats, high-visibility wear and site signs. The remainder is held by company management, including 18% by Managing Director Brandon Chizik who will...
Another KEB backer looks to divest stake
The Export-Import Bank of Korea (KEXIM) is looking to sell its 6.25% stake in Korea Exchange Bank, coming as embattled buyout fund Lone Star is set to offload its 51% majority stake in the company to Hana Financial Group.
StanChart invests $70m in TPG-backed Greenko
TPG portfolio company Greenko, a cleantech developer in India, has received a $70 million funding tranche from Standard Chartered.
CVC, hedge funds exchange barbs over Nine debt
Negotiations over CVC-owned Nine Entertainment’s debt burden have descended into a war of words between the company and its hedge fund creditors. CVC stands accused of playing a “precarious game” by insisting it is under no pressure to restructure the...
Yahoo unhappy with bids for its US, Asia businesses
Yahoo is unhappy with the with the low premium being offered by private equity firms looking to invest in the company as well as the discounts proposed by prospective buyers of its Asian subsidiaries, which may stall any deal.
Coller Capital buys Crédit Agricole Private Equity
Secondaries investor Coller Capital has acquired fund manager Crédit Agricole Private Equity (CAPE) from France’s largest retail banking group, Crédit Agricole.
Indian PE deal values reach $7.7b in 2011
India private equity transactions experienced a 24% increase in value and volume this year, with 347 deals valued at a total of $7.7 billion reported during the period.
IDG-Accel China Growth Fund invests $10m in BlueSprig
San Francisco-based software application provider BlueSprig has received a $10 million Series A round of funding from IDG-Accel’s China Growth Fund. The vehicle, managed by IDG Capital Partners, invests in consumer tech companies with a link to China....