Daiwa SMBC Capital Asia Limited

VC-backed Eneres in $25m Japan IPO

Eneres, a venture capital-backed energy resources management firm, saw its stock more than double to JPY717 on its first day of trading in Tokyo yesterday following a JPY2.5 billion ($25 million) IPO.

Covalent partial-exit marks end of an era

The name Toshiba Ceramics is firmly rooted in the golden age of Japanese private equity. In 2006, The Carlyle Group and Unison Capital bought the company from Toshiba Group for JPY91 billion ($774 million at the time) in what was one of the most expensive...

VC-backed gaming developers merge

Chinese gaming developer UltiZen Games - which has received funding from Jafco Asia, Hotung Investment Holdings Ltd. and Tokio Marine Investment Services – has acquired Japanese developer Red Entertainment for an undisclosed price.

VCs sell drug maker for up to $935m

Walden International and a number of other VCs will exit from their nearly decade-long investment in cancer drug maker Plexxikon after Japan’s third largest drug maker, Daiichi Sankyo, announced its acquisition of the Berkeley, California-based company.

Daiwa SMBC Principal exits HMV Japan to Lawson

Lawson Inc., the Japanese convenience store chain operator, will acquire 100% of HMV Japan KK, the CD and DVD retail sales operation running under the UK’s HMV brand name, for JPY1.8 billion ($22.3 million) from Daiwa Securities SMBC Principal Investments...

Daiwa- and Polaris-owned Q'sai sold to Coca-Cola West

Coca-Cola West has bought out Daiwa Corporate Investment- and Polaris Principal Finance-backed Japanese vegetable juice maker Q'sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.

Daiwa SMBC sells Q'sai for over $1 billion

Daiwa SMBC Capital, the private equity arm of Daiwa Securities Group and Sumitomo Mitsui Financial Group, is reportedly selling investee Japanese juice maker Q'sai Co., in what could become the largest exit so far this year in Japan.