Consumer
Tokio Marine sells Barneys Japan stake to 7 Eleven parent
Tokio Marine Capital Partners has agreed to sell its 49.9% stake in luxury department store operator Barneys Japan to Seven & i Holdings, the parent of 7 Eleven convenience stores and department store operator Sogo & Seibu, for around JPY6 billion ($58...
Anchorage-backed Dick Smith closes flat after $311m IPO
Shares in Australian electronics retailer Dick Smith Holdings, which is backed by Anchorage Capital Partners, gained 3.6% on their trading debut on Wednesday before settling back to A$2.20, the same as the IPO price. The offering earlier raised A$344.5...
Online fashion retailers Zalora, The Iconic raise $112m
Rocket Internet’s Zalora Group has raised $112 million in funding from US-based Access Industries, Scopia Capital Management and other unnamed institutional investors. Southeast Asia-focused Zalora.com and Australia’s The Iconic are part of Zalora...
Japan's Ride On Express raises $23m in Tokyo IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, saw its stock open at JPY3105 per share - a 55% premium on the offering price - on its first day of trading. The company earlier raised JPY2.3 billion ($22 million)...
Portfolio: EQT Partners and Japan Home Centre
In 2010 Japan Home Centre was already a successful domestic brand but to realize its IPO ambitions it needed the right partner to guide it through a period of rapid expansion – EQT Partners
Asia Awards: VC Deal of the Year – Tujia
Lightspeed China likes disruptive business models that build up traction online and then use the momentum to gain a foothold offline as well. This has worked to good effect with Meilele, an online furniture retailer that now has a network of 200 offline...
Asia Awards: Exit of the Year – Matahari Department Store
Two substantial partial exits that can be seen to justify the Indonesia investment thesis for global PE firms were among those nominated for Exit of the Year: TPG Capital and Northstar Group’s agreed sale of more than 30% of Bank Tabungan PensiunanNasional...
Asia Awards: Operational Value Add – Yonghui Superstores
Headland Capital Partners invested in Chinese supermarket chain Yonghui Superstores in 2007 and helped turn the regional player into a sector outperformer with a national footprint
Advantage to exit Japan's Nissen for $22.8 million
Advantage Partners, the Japanese mid-market buyout firm, is to exit its stake in catalogue and web-based retailer Nissen Holdings to Seven & i Holdings, the Japanese parent of 7-Eleven and the Ito Yakado supermarket chain, for JPY2.36 billion ($22.8 million).
KV Asia buys Singapore skin care brand
KV Asia Capital has agreed to acquire Singapore-based Derma-Rx International Aesthetics (DIAL) from Indian skin care company Marico Kaya Enterprises. The financial terms of the deal were not disclosed
L Capital acquire 40% of 2XU, Lazard sees 2x multiple
L Capital, the private equity firm backed by luxury goods conglomerate LVMH, has acquired a 40% stake of 2XU, an Australian sports apparel brand, for a reported A$75 million ($68.3 million). The transaction represents a partial exit for previous backers...
Highland leads Series A round in food ordering website
Highland Capital Partners has provided approximately $10 million in Series A funding to Etaoshi, a Chinese online food ordering and delivery platform. Several undisclosed domestic venture capital firms also participated in the round.
China’s CBC invests in travel website Breadtrip
China Broadband Capital (CBC) has provided a Series B round of funding for Breadtrip.com, an online travel platform. The company has now raised about $10 million across two rounds.
Sequoia leads $25m round for China online takeout service
Sequoia Capital China has led a $25 million Series C round of funding for ele.me, a Chinese food ordering service. This latest round - which also includes existing backer Matrix Partners - values the company approximately $100 million.
CBC, Sichuan Changhong to launch $41m internet fund
China Broadband Capital Partners (CBC) and Sichuan Changhong Electric, a Chinese electric goods maker, plan to launch a RMB250 million ($41 million) venture fund to invest in the cloud computing, big data, smart phone and internet industries.
Phillip PE leads Series B round for Singapore’s Clozette
Phillip Private Equity has led a $3 million Series B round for Singapore-based fashion shopping network Clozette.co, with participation from existing backers Walden International and several angel investors.
Risa Partners exits drug store to Tsuruha Holdings for $99m
Risa Partners, a unit of NEC Capital, has exited its 56% stake in Japanese drug store operator Hearty Wants to strategic investor Tsuruha Holdings for JPY10.1 billion ($99 million).
Indian T-shirt design crowd-sourcing platform gets VC funding
Mumbai-based online apparel retailer VoxPopClothing has raised $400,000 in funding from Blume Ventures and other unnamed investors.
Everstone in Burger King India tie-up
The Everstone Group has entered into a joint venture with Burger King Worldwide to bring the world’s second-largest fast food hamburger chain to India.
SMBC Venture, Adways invest in Japan e-commerce site
SMBC Venture Capital and strategic investor Adways have together backed Flask Park, a Japanese gift e-commerce company. Details of the transaction were not disclosed.
SAIF, Kalaari provide Series A round for Urban Ladder
Indian online furniture store Urban Ladder has raised $5 million from SAIF Partners and return backer Kalaari Capital in a Series A round.
Riverside acquires Japan bicycle retailer
The Riverside Company has acquired Y. International, a Japanese bicycle retail chain. The financial terms of the deal were not disclosed.
Gobi backs China travel site Yododo
Gobi Partners has committed $4 million in Series A financing to Yododo.com, a Chinese hostel booking and travel site.
Standard Chartered PE, Boyu invest in China dessert chain
Standard Chartered Private Equity (SCPE) and Boyu Capital have made a joint investment in China’s Multi Concepts Link Restaurant Management (MCL), which operates Chinese-style dessert cafés under the Honeymoon Dessert brand. Financial terms were not...