Consumer
China parenting site raises $24m from IDG, Banyan
Banyan Capital and IDG Capital Partners have invested RMB 150 million ($24 million) in BeiBei, a Chinese online discount retail platform for maternity and baby products.
Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.
Singapore's GIC backs Brazilian education provider
Singapore sovereign wealth fund GIC Private has acquired an 18.5% stake in Brazilian education company Abril Educação.
KKR-backed Rundong drops on HK debut
Rundong Auto Group,a Chinese car dealership backed by KKR, saw its shares drop as much as 16% on its Hong Kong trading debt on Tuesday, following a $124 million IPO.
Dairy Farm invests in Headland-backed Yonghui Superstore
Dairy Farm International will buy a 19.9% stake in Yonghui Superstore, a Chinese supermarkets and retail stores operator backed by Headland Capital Partners, for RMB5.69 billion ($925 million).
Japan's Rakuten acquires VC-backed Slice
Japanese e-commerce giant Rakuten has acquired Slice, a US-based e-commerce mobile app backed by Lightspeed Venture Partners and DCM, among others.
CVC to sell Korea's WiniaMando to Hyundai Green Food
CVC Capital Partners has agreed to sell WiniaMando, a South Korean manufacturer of kimchi refrigerators, to Hyundai Green Food, a subsidiary of leading domestic retailer Hyundai Department Store. The deal is worth around KRW150 billion ($146 million).
Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
PLDT acquires 10% stake in Rocket Internet
Philippine Long Distance Telephone Company (PLDT) has acquired a 10% stake in German e-commerce incubator and investor Rocket Internet for EUR333 million ($445 million).
Legend Star invests in China vacation rentals site Zhubaijia
Legend Star, a Chinese incubator program launched by Legend Holdings and the Chinese Academies of Sciences, has invested $1 million in Zhubaijia, a Chinese vacation rentals website.
KKR-backed Rundong Auto IPO prices at bottom of range
Rundong Auto Group, a Chinese car dealership chain backed by KKR, has raised $124 million in its Hong Kong IPO, after pricing the offering at the bottom end of the indicative range.
CVC to sell down another stake in Indonesia's Matahari - report
CVC Capital Partners is expected to raise as much as $300m as it further cuts its stake in Indonesian retailer Matahari Department Store.
China pork giant WH Group gains 10.6% on HK debut
Shares in WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, gained as much as 10.6% on its first day trading today after the company raised HK$15.3 billion ($2 billion) on its second attempted IPO.
KKR, Rhône make renewed $3.15b offer for Australia wine-maker
KKR, together with Rhône Capital, has made a revised A$3.37 billion ($3.15 billion) offer to acquire Australia Securities Exchange (ASX)-listed Treasury Wine Estates.
IDG leads $100m Series B round for China online grocery
IDG Capital has led a $100 million Series B round of investment for Chinese online grocery store Womai.com. Existing investor SAIF Partners also participated.
Japan's REVIC invests $10m in restaurant chain
The Regional Vitalization Corporation of Japan (REVIC) has invested JPY1 billion ($10 million) in Tokyo-listed restaurant chain Friendly.
KKR-backed Rundong Auto launches $138 HK IPO
Rundong Automobile Group, a Chinese car dealership company backed by KKR, has launched its Hong Kong IPO today with a view to raising up to HK$1.07 billion ($138.1 million).
China logisitcs: Cool customers
Private equity investors see chilled supply chains as a proxy for the greater value Chinese consumers place on food safety and quality. However, for now the industry is still more niche than mass market
PEP sees sweet exit on Griffin's Foods
When Pacific Equity Partners (PEP) first came to acquire New Zealand-based snacks producer Griffin's Food in 2006 at an enterprise valuation of NZ$385 million (then $240 million), it represented the classic carve-out opportunity. The company - famous...
India's Flipkart raises a record $1b from VC backers
Indian e-commerce firm Flipkart has raised $1 billion from new and existing backers in what is one of the biggest funding rounds raised by an e-commerce company globally and the single largest round by an internet company in the country.
Arbor leads $3.3m Series A round for Japan e-payments service
Arbor Ventures has led a $3.3 million Series A round for Exchange Corporation (ExCo), the Japanese start-up behind e-commerce payment and instant credit service Paidy, with participation from CyberAgent Ventures and Recruit Strategic Partners. Exisiting...
Global Brain, others lead $4m Series C round for Japan photo app
Japanese early stage investor Global Brain Corp. has joined Energy and Environment Investment and publishing firm Kodansha to invest JPY400 million (about $4 million) in Toyko-based Mind Palette, the start-up behind fashion-focused photo sharing app Snapeee.
WH Group sets terms for HK IPO to raise $2b
WH Group, the Chinese pork producer backed by investors such as CDH Investments and Goldman Sachs, has set terms for a revised Hong Kong IPO that will raise up to HK$15.9 billion ($2.05 billion).