automobiles
Malaysia car sale platform raises $2m Series A round
Malaysian PE fund IdeaRiverRun has led a $2 million Series A round of funding for Carsome, a local car purchasing platform.
China salvage car auction platform Fairlubo raises $45m
Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
Sequoia backs China second-hand car pricing platform
Sequoia Capital has led a new funding round for Che300.com, a China-based online platform that values second-hand cars.
FountainVest agrees $920m sale of KSS to Chinese strategic
FountainVest Partners has agreed to sell Key Safety Systems (KSS), a US-based auto components manufacturer that it acquired in 2014, to Shanghai-listed Ningbo Joyson Electronic Corporation for $920 million.
China Merchants Bank to invest in Didi Kuaidi
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
Deal focus: Investors see value in China auto disrepair
China Pacific Insurance leads a Series B round for Bochewang, a car-trading platform that transfers damaged vehicles from insurers to rebuilders
CPIC leads $30m round for China restored car auction platform
China Pacific Insurance Corporation (CPIC) has led a RMB200 million ($30 million) Series B round for Bochewang.com, a Chinese online auction platform for restored cars.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
China P2P car rental app Atzuche raises $47m
Atzuche, a Shanghai-based peer-to-peer (P2P) car rental start-up, has raised a RMB300 million ($47 million) Series B round of funding from China Pacific Insurance, Ivy Capital, Hearst Capital, Matrix Partners and Ceyuan Ventures.
Bain exits India's Hero Motocorp for $117m
Bain Capital has fully exited Hero Motocorp, India’s largest motorcycle and scooter manufacturer, selling its remaining stake for INR7.7 billion ($117 million).
India's PE-backed CarTrade buys rival CarWale
CarTrade, an Indian online used car portal backed by Warburg Pincus and Tiger Global Management, has bought a majority stake in online automotive sales platform CarWale from its owner, German media conglomerate Axel Springer.
China second-hand car platform raises $50m
Haoche51, a Chinese C2C second-hand car trading platform, has raised $50 million in a Series B round of funding led by Source Code Capital and domestic investor Fenghuang Xiangrui Fund.
China car servicing platform Tuhu raises further $50m
Tuhu, a Chinese B2C auto services platform, has raised $50 million in an extended Series C round of funding led by Hillhouse Capital.
Everstone pays $54m for controlling stake in India's SJS - update
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
Littlejohn exits Henniges Auto to China's AVIC
A subsidiary of Aviation Industry Corporation of China (AVIC) has acquired automotive equipment manufacturer Henniges Automotive Holdings from US mid-market buyout firm Littlejohn & Co.
China second-hand car trading platform Chemao raises $188m
Chemao.com, a Chinese second-hand car trading platform, has raised RMB1.2 billion ($188 million) in a Series B round of funding led by Shenzhen-listed hydropower equipment maker Zhefu Holding Group.
Chinese second-hand car platform Youche raises $18m
Youche.com, a Chinese online trading platform for second-hand cars, has raised an $18.2 million Series B round led by Galaxy Capital, followed by IDG Capital Partners, ZhenFund and China Growth Capital.
Deal focus: CITIC Capital gears up global strategy
When CITIC Capital and Crestview Partners bought Canadian auto parts supplier Stackpole International for $512 million in 2013, they had little suspicion that they would be exiting less than two years later. But they did feel that Stackpole’s variable-speed...
CITIC, Crestview to sell Stackpole for $659m
CITIC Capital Partners and Crestview Partners have agreed to sell Canada-based auto parts maker Stackpole to Johnson Electric Holdings for C$867 million ($659 million).
Chinese second-hand car trading site Mychebao raises $50m
JD Capital and Addor Capital have led a RMB300 million ($50 million) Series B round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
China second-hand car trading platform Renrenche raises $85m
Tencent Holdings has led a $85 million Series C round of funding for Renrenche.com, a Chinese peer-to-peer second-hand car trading platform.
NLVC leads Series A for China online car retailer
Northern Light Venture Capital (NLVC) has led a Series A round of funding for Maihaoche.com, a Chinese automotive e-commerce platform that specializes in parallel imports.
CDB invests $242m in VC-backed eHi Car Services
China Development Bank (CDB) has agreed to provide RMB1.5 billion ($242 million) to eHi Car Services, China’s second-largest automotive rental services provider, which is backed by several VC investors.
China auto after-sales services platform raises $60m Series C
Diandian Yangche, a VC-backed mobile app that focuses on automotive after-sales services in China, has raised a $60 million Series C round of funding from undisclosed investors.