Real estate
Shanghai Chengtou commits to Hony's Fund VIII
Shanghai Chengtou Holding, a Shanghai-listed property developer which is also a portfolio company of Hony Capital, has committed RMB400 million ($62 million) to the GP’s latest China fund.
Kotak Mahindra Group raises $237m for Indian realty
India’s Kotak Mahindra Group has closed a commitment of INR16 billion ($237 million) from institutional investors for equity investments in realty projects.
Warburg Pincus joins $220m Series B round for D&J China
D&J Industrial Property, a Chinese business park developer co-founded by Warburg Pincus, has raised $220 million in a Series B round of funding.
Blackstone buys New Zealand retirement villages from Lend Lease
The Blackstone Group has agreed to buy a portfolio of five retirement villages in New Zealand from Australia-listed property and infrastructure group Lend Lease Group.
Hony to re-up in China’s Jinjiang International
Hony Capital has agreed to invest an additional RMB599 million ($91 million) hotel operator Shanghai Jinjiang International alongside other financial and strategic investors.
PE-backed e-Shang boosts Asia footprint through merger
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
KKR forms China distressed investment partnership
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.
Spin-out of PE-backed SouFun set for China reverse merger
SouFun Holdings, a US-listed Chinese online real estate portal backed by the Carlyle Group and IDG Capital Partners, plans to spin out its online media and finance service units into a domestic backdoor listing.
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
AVCJ Awards 2015: Deal of the Year - Mid Cap: SBI Life Living
Advantage Partners leveraged its expertise in corporate carve-outs to acquire SBI Life Living. It plans to split the business in two so that each half can achieve its full potential
RRJ, Value Partners invest in Logan Property
RRJ Capital, Hong Kong-based asset management firm Value Partners, and other investors have committed HKD1.5 billion ($197 million) to Logan Property Holdings, a real estate development business controlled by Chinese billionaire Kei Ho Pang.
Temasek, Hillhouse lead $150m round for China’s Aiwujiwu
Aiwujiwu, a Chinese rental and second-home listings portal, has completed a Series E round of funding worth $150 million round led by Temasek Holdings and Hillhouse Capital.
Vision Knight-backed Zhong Ao launches HK IPO
China-based property manager Zhong Ao Home Group, which received a pre-IPO investment from Vision Knight Capital earlier this year, is looking to raise up to HK$459.2 million ($59.2 million) through a Hong Kong offering.
Townsend Group backs KKR's India real estate NBFC
KKR has signed up another partner for its India-focused real estate non-banking finance company (NBFC), with US-based investor The Townsend Group agreeing to commit capital.
India's Essel Finance commits $11m to housing developer
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.
Australian pub owner rebuffs takeover bid
ALE Property Group, owner of Australia’s largest portfolio of freehold pub properties, has rejected a takeover bid from private investment firm Caledonia that values the business at approximately A$770 million ($564 million).
Warburg Pincus, Embassy in $250m India warehousing JV
Warburg Pincus and Indian real estate developer Embassy Group has formed a joint venture to build industrial parks with warehousing facilities in key cities in India.
Sequoia, Kalaari commit $10m to India's Grabhouse
Sequoia Capital and Kalaari Capital have committed $10 million in Series B funding to Indian start-up Cryptopy Technologies, the developer of rental property listing platform Grabhouse.
H&Q Asia Pacific to develop Silicon Valley technology hub
H&Q Asia Pacific will invest $100 million to acquire land and develop a technology hub in Silicon Valley.
IDG, Carlyle re-up in China online real estate portal SouFun
IDG Capital Partners and The Carlyle Group will invest between $400 million and $700 million in US-listed Chinese online real estate portal SouFun Holdings, alongside company management.
FountainVest leads $223m round in China's Fangdd.com
FountainVest Partners has led a $223 million Series C round of funding for Chinese online real estate services platform Fangdd.com.
Cathay invests in Chinese architecture consulting firm
Sino-French PE firm Cathay Capital has invested an undisclosed sum in China Construction Design International (CDDI), a private architecture and engineering consulting firm.
Goldman Sachs invests $150m in India's Piramal Realty
Goldman Sachs has invested $150 million in the Piramal Group's real estate development arm, Piramal Realty, less than a month after Warburg Pincus committed INR18 billion ($284 million) to the company.
IDG, Carlyle invest $1b in China's SouFun Holdings
IDG Capital Partners and the Carlyle Group are investing $1 billion in Beijing-based online real estate portal SouFun Holdings alongside the company's management.