China
A Capital targets $1.38b for Sino-European tech fund
Sino-European PE firm A Capital has launched a EUR1 billion ($1.38 billion) technology fund to invest in European innovative firms. It will help them expand into emerging markets, in particular China.
IDG leads round for Chinese restaurant review app Ricebook
IDG Capital Partners has led a $7 million Series B round of funding for Ricebook, a Chinese restaurant review mobile app operator.
Alibaba to invest $692m in GIC-backed Intime Retail
Alibaba Group will invest HK$5.37 billion ($692 million) for a 34% stake in Intime Retail Group, a Chinese department store operator backed by Singapore’s GIC Private.
China gaming firm Ourpalm commits $16m to Huatai M&A fund
Ourpalm, a Shenzhen-listed mobile games developer, has committed RMB100 million ($16 million) to Beijing Huatia Ruilian M&A Fund, a new investment vehicle managed by Huatai United Securities, an investment banking arm of Huatai Securities.
Zoyi supports take-private of China's Camelot Information Systems
Zoyi Capital has announced its second deal in a week, completing a $20 million investment in Camelot Information Systems, a US-listed Chinese enterprise application and financial IT services provider.
Blackstone completes take-private of China's Pactera
A consortium led by The Blackstone Group has completed a take-private of Pactera Technology International that values the NASDAQ-listed Chinese tech outsourcing firm at approximately $625 million.
Cathay Capital launches $687m Sino-French Fund
Cathay Capital, a Sino-French private equity firm, has launched a EUR500 million ($687 million) fund to promote the international expansion of French and Chinese companies in the mid-cap segment.
China Aier Eye Hospital invests in Huatai Securities’ M&A fund
Shenzhen-listed Aier Eye Hospital Group plans to commit RMB100 million ($16 million) to an M&A fund managed by Huatai United Securities, an investment banking arm of Huatai Securities.
China health data start-up secures $2m angel round
China health data mobile app provider 37 Health has secured a RMB10 million ($2 million) seed funding round led by Broadhi Capital.
China's premier advocates PE-friendly policies
Chinese Premier Li Keqiang said pledged government support to develop private equity as a means of promoting healthier capital markets.
Mitsui leads $60m round for NZ cleantech play LanzaTech
Japan's Mitsui & Co has led a $60 million Series D round for New Zealand-based low-carbon fuels producer LanzaTech.
NewQuest, GIC set for partial exits from China’s iKang
NewQuest Capital Partners and GIC Private will each make partial exits from iKang Healthcare Group as the Chinese healthcare services provider looks to raise up to $175 million through a NASDAQ IPO.
Sequoia-backed Baioo Family launches HK IPO
Baioo Family Interactive, a children's online game developer backed by Sequoia, has launched its Hong Kong IPO, seeking to raise between $200 million and $250 million.
Tsinghua, CDIB buy control of PE-backed lighting manufacturer
A consortium of investors including Tsinghua Tongfang, a Shanghai-listed technology manufacturer owned by China Tsinghua University, and CDIB Capital has acquired a 52.28% stake in LED lighting manufacturer Neo-Neon Holdings for HK$900 million ($116 million).
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Profile: Intel Capital's Richard Hsu
Richard Hsu, managing director at Intel Capital, has spent 14 years as a VC investor, mostly in China. For all the change he has witnessed in entrepreneurs and ideas, some market features remain steadfastly the same
China's FunPlus pursues global ambition
Venture Capitalists have bet big on China's gaming industry. According to AVCJ Research, investment reached a record high of $1.6 billion last year, a massive jump on the $127 million committed in 2012. Barely three months into 2014 and gaming deals have...
Zoyi secures first China-Taiwan deal
Of the cluster of China control deals to emerge in the last few years, a small but significant number can be traced back to Taiwan. These are often family-owned mid-size businesses that were early entrants into mainland China, searching for lower-cost...
China regulation: Big before their time
Domestic Chinese private equity managers are now officially permitted to pursue multiple strategies. But is the industry ready for the ‘mega asset management' model the regulator envisages?
PE and elections: A vote of confidence?
Investors often cite elections as impediments to deal flow, as applications are delayed or applications held over until votes are counted. With Indonesia and India preparing for elections, what does it mean for PE?
Harbin Bank prices $1.1b IPO near bottom of range
China’s Harbin Bank is set to raise $1.1 billion from its Hong Kong IPO after pricing shares at the bottom of the indicative range. CITIC Capital is one of seven cornerstone investors in the offering.
ClearVue leads new round for China online fruit store
ClearVue Partners has led a round of funding for Fruitday, a Chinese fresh fruit online store, followed by SIG Asia Investments.
Shenzhen Capital launches retail fund arm
Shenzhen Capital Group, a Chinese VC investor, has diversified its investment platform into mutual funds.
DCM leads $8m round for Chinese property portal
Meiaoju, a Chinese online platform for buyers seeking property overseas, has received a RMB50 million ($8 million) Series A round of funding led by DCM.