China
RRJ-backed China diaper maker plans HK IPO - report
AAB Group, a Chinese diaper maker backed by RRJ Capital, is said to be looking to raise as much as $300 million through an IPO on the Hong Kong Stock Exchange.
VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
Boyu reaches $1.5b target for second China fund – report
Boyu Capital has reportedly raised $1.5 billion for its second China-focused fund. A final close is expected within a few weeks.
Sequoia invests in China Angel Group hospital
Sequoia Capital has invested in a Series B round of funding for Angel Women’s and Children Hospital, a Chengdu-based hospital chain.
Microsoft Ventures backs 19 Asian start-ups
Microsoft Ventures, a corporate VC arm of Microsoft, has selected 19 Asian companies for the fourth batch of start-ups entering its Beijing-based accelerator program.
Tencent invests in PE-backed China South City
Chinese internet company Tencent Holdings has bought a 9.9% stake in China South City Holdings, a logistics center operator that count PAG among its investors, for HK$1.5 billion ($193 million).
China's JD.com targets $2b IPO - report
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is said to be planning an IPO for the second half of 2014.
CITIC Capital consortium completes $887m AsiaInfo take-private
CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium.
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
CDH chairman eyes China cross-border opportunities
Cross-border transactions will become increasingly prominent in China private equity deal flow as the country’s economy matures and domestic companies seek to expand overseas, according to Shangzhi Wu, chairman and managing director of CDH Investments.
SoftBank leads $120m round for Chinese app platform Wandoujia
SoftBank Corp. has led a $120 million Series B round of funding for Wandoujia, a Chinese Android mobile app platform. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated in the round.
BVCF supports anti-viral drug innovation
Since the discovery of RNA interference (RNAi), a natural mechanism for regulating gene expression, in the 1990s, billions of dollars have been invested by the world’s pharmaceutical giants in using this technology to develop therapeutic drugs. A particular...
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
PE-backed Chinese firms delay IPOs as CSRC tightens oversight
At least five Chinese companies – three of which have PE backers – have postponed their IPOs as the Chinese Securities Regulatory Commission (CSRC) released measures to strengthen supervision of public offerings.
NewQuest agrees $190m China Hydroelectric take-private
NewQuest Capital Partners has agreed to buy China Hydroelectric in a deal that values the US-listed hydropower operator at approximately $190 million.
Qiming hires ex-GGV partner to cover consumer internet space
Qiming Venture Partners has hired Helen Wong, formerly of GGV Capital, as a partner with responsibility for investment in the internet and consumer sectors. The move comes a few months after her predecessor in the role, Hans Tung, left Qiming for GGV.
CVC to acquire $200m stake in China education company – report
CVC Capital Partners is said to be investing around $200 million in Chinese education company EIC Group, buying shares from the founder and existing investor Actis Capital.
Milestone Capital invests in China animation producer Joyworks
China-focused Milestone Capital has invested in a Series A round of financing for Peking Joyworks Culture and Media, a Beijing-based online animations and comics producer. The specific investment amount was not disclosed but the company said it was tens...
Fosun pays $1.36b to buy Portugese insurer Caixa
China's Fosun International has acquired an 80% stake in Caixa Seguros e Saúde (CSS), the insurance unit of Portugese state bank Caixa Geral de Depositos SA for EUR1 billion ($1.36 billion), beating out Apollo Management International.
Trustbridge leads $130m Series A for China P2P lending platform
Shanghai-based Trustbridge Partners has led a $130 million Series A round of financing for China online peer-to-peer (P2P) lending platform Renrendai.com. The company claims this is the largest transaction ever globally in this sector.
OCBC launches $100m QFLP fund in Shanghai
OCBC Bank has launched a $100 million private equity fund under the Shanghai Qualified Foreign Limited Partner (QFLP) pilot program. The vehicle should make it easier for Singaporean lender to invest in domestic Chinese companies as it aims to develop...
Omaha Capital leads $30m round for China jewelry maker
Hong Kong-based Omaha Capital has led a $30 million Series C round of funding for Bloves, a Shenzhen-based manufacturer of customized wedding rings.
Lightspeed leads Series B for China cloud services provider
Lightspeed China has led a $20 million Series B round of funding for Chinese cloud services provider QingCloud. Matrix Partners and existing investor BlueRun Ventures also participated.
Bull Capital, Sequoia back China online steel trading platform
Zhaogang.com, a Chinese B2B steel trading platform, has received a $34.8 million Series C round of funding led by Bull Capital Partners and Sequoia Capital. Previous investors Matrix Partners and China Renaissance K2 Ventures also participated.