China
Kunming Pharma, Ping An PE launch healthcare M&A fund
Shanghai-listed Kunming Pharmaceutical Corp. has partnered with a direct investment arm of Ping An Securities to set up a healthcare-focused M&A fund, with a target of RMB500 million ($80 million).
DT Capital invests $19m in China decorating company
China-focused PE firm DT Capital Partners has invested RMB120 million ($19 million) in Zhejiang Yasha Decoration, a Shenzhen-listed building design and decorating company.
Texas County & District backs Legend's China VC fund
Texas County & District Retirement System (TCDRS) has committed $30 million to Legend Capital’s latest China venture capital fund.
Zoyi buys stake in Taiwanese pineapple cake maker
Greater China-focused mid-cap investor Zoyi Capital has acquired a minority stake in Vigor Kobo, a Taiwan-based retailer best known for selling pineapple cakes to tourists.
CVC completes South Beauty restaurant acquisition
CVC Capital Partners has completed its acquisition of a majority stake in Chinese restaurant chain South Beauty.
KKR boosts Capstone's China capabilities
KKR has appointed Matthew Chang as a managing director in its Capstone unit. He will lead the PE firm’s engagement with its portfolio companies in China.
CDH eyes summer close for recalibrated VC fund
CDH Investments is targeting a $150 million final close on its third China venture capital fund, having suspended marketing for a year following a decision to cut back the investment remit and vehicle size.
China’s JD Capital approved to trade on OTC board
JD Capital, formerly Jiuding Capital, has won regulatory approval to list on China’s over-the-counter (OTC) board.
China to open up infrastructure for private investment
China will open up 80 infrastructure projects for private capital, allowing financial investors to play a greater role in what remains a largely state-controlled sector.
ZhenFund invests $1.6m in China robot education school
China-focused early-stage investor ZhenFund has committed RMB10 million ($1.6 million) in seed funding to Roborobo, a China-based robot teaching school.
Fosun launches VC arm in Silicon Valley
Chinese conglomerate Fosun International has launched a venture capital arm operated in Silicon Valley. The firm, Kinzon Capital, has received $100 million from Fosun to invest in US-based start-ups.
Trustbridge joins round for China food ordering site Meican
Meican, a Chinese food ordering platform, has received an undisclosed sum in follow-on funding from Trustbridge Partners to complete a Series B round of funding.
China encourages PE to provide rural financing
China is encouraging private equity and venture capital firms to participate in rural financing, as a means of supporting rural development and lifting the economy.
PE-backed WH Group to scale back Hong Kong IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is set to reduce the size of its Hong Kong IPO size and delay pricing of the deal.
US-based Weebly secures $35m from Tencent, Sequoia
Tencent Holdings and Sequoia Capital have invested $35 million in a Series C round of funding for Weebly, a US-based web-hosting services provider.
China's ClearVue leads round for Japanese-style restaurant chain
ClearVue Partners has led a $10 million round of funding for Akasakatei, a Japanese cuisine restaurant chain in China.
Matrix closes third China VC fund at $350m
Matrix Partners has reached a final close of $350 million on its third China-focused fund. It follows a strong first quarter for China venture capital fundraising.
New Horizon leads $70m Series C for Arrail Dental
New Horizon Capital has led a $70 million Series C round of funding for Arrail Dental Clinic, a Beijing-based dental service provider.
Everbright supports $332m privatization of China's iSoftstone
Chinese IT services provider iSoftStone Holdings has accepted a take-private offer from its chairman and CEO in collaboration with China Everbright Investment Management that values the company at approximately $332 million.
VC-backed Chukong files for US IPO
Chukong Holdings, a Chinese mobile game developer backed by several VC investors, is planning to raise up to $150 million through a US IPO.
Perfect World joins consortium for Shanda Games take-private
Chinese online game developer Perfect World has joined a consortium of investors seeking to privatize its rival Shanda Games in a deal that values the company at $1.9 billion.
TPG, Fosun raise offer to secure China healthcare take-private
A consortium comprising TPG Capital and Fosun Industrial has agreed to privatize NASDAQ-listed Chinese healthcare provider Chindex International in a deal worth $461 million, after raising its offer to head off competition from a rival financial bidder.
PE-backed IMAX, TCL form JV with Wasu Media
IMAX has teamed up with TCL Multimedia Technology to form a joint venture with Wasu Digital Media, a Chinese digital content provider, as part of their home theater initiative.
Sailing, Yingli form $161m China solar fund
Shanghai Sailing Capital Management is teaming up with Yingli Green Energy Holding to form a solar energy-focused fund with an initial size of RMB1 billion ($161 million).