Fosun Group
Blackstone buys jewellery certification business, China's Fosun exits
The Blackstone Group has paid USD 569.7m for 100% of Belgium-headquartered jewellery certification business International Gemological Institute (IGI), taking out investors including China’s Fosun Group.
China battery component supplier secures $296m pre-IPO round
Kuntian New Energy, a China-based developer of artificial graphite used in lithium-ion batteries, has raised a pre-IPO funding round of CNY2 bn (USD 296m) from a string of financial and strategic investors.
China-linked EcarX, Lanvin complete SPAC mergers
EcarX, a smart mobility solutions provider backed by Chinese automaker Geely Auto Group, and Lanvin Group, a global luxury fashion platform established by Fosun Group, both completed mergers with US-listed special purpose acquisition companies (SPACs).
India's Delhivery completes $674m IPO
Indian e-commerce logistics provider Delhivery raised INR 52.4bn (USD 674m) in a domestic IPO but was unable to sustain first-day price gains with the stock sliding towards the offering price by May 26.
Primavera SPAC to merge with Fosun-owned fashion platform
A special purpose acquisition company (SPAC) with ties to China-based private equity firm Primavera Capital Group has agreed to merge with global luxury fashion platform Lanvin Group at a pro forma enterprise valuation of USD 1.5bn.
PE-backed Delhivery files for India IPO
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
China GPU chip designer Metax raises $155m
Shanghai-based Metax Integrated Circuits has raised RMB1 billion ($155 million) in a Series A funding round led by China Structural Reform Fund and China Internet Investment Fund. Existing investors including Matrix Partners China, CTC Capital, Sequoia...
TPG, Fosun sell China hospital business to Antony Leung's SPAC
TPG Capital and Fosun Pharma have agreed a $1.3 billion deal that will see Chinese hospital operator United Family Healthcare (UFH) absorbed by a special purpose acquisition company (SPAC) established by Antony Leung, formerly Greater China chairman at...
Deal focus: TheAsianparent plans baby business boom
Singapore mother-and-child online services provider theAsianparent is planning an expansion by tracking the fastest birth rates around the region. Fosun is backing the agenda
Fosun leads Series C for Singapore's theAsianparent
Fosun RZ Capital, the VC arm of Fosun, has led a Series C round of undisclosed size for Singapore-based theAsianparent, which claims to be Southeast Asia’s largest mother-and-child online platform.
China's pet products industry: Paws for thought
China’s pet products and services industry is benefiting from closer relations between man and beast, but not every market segment will turn out a winner for private equity investors
Guangdian, Fosun lead round for Chinese pet products player
China-based pet products producer Crazy Dog has raised RMB300 million ($43 million) in a Series B round of funding led by Guangdian Capital and Fosun International.
Technology key to Vietnam consumer deals - AVCJ Forum
Technology is a critical factor for any investor looking to participate in the Vietnam consumer story, whether they are backing retail businesses directly or any sector proxies, industry participants told the AVCJ Vietnam Forum.
China's acquisitive conglomerates: Tables turned
The troubles at China's HNA Group, Wanda Group and Anbang Insurance have removed a once popular exit channel for private equity, but now GPs may see these companies as a source of deal flow
Carlyle, Fosun join $415m round for India's Delhivery
The Carlyle Group and Fosun International have joined a INR29 billion ($415 million) Series F round for Indian e-commerce logistics services provider Delhivery led by SoftBank Vision Fund.
Fosun-owned Club Med operator raises $427m in HK IPO
Fosun Tourism Group (FTG), which operates holiday resorts under the Club Méditerranée (Club Med) brand, has raised HK$3.34 billion ($427 million) through its Hong Kong IPO.
PE-backed BabyTree raises $217m in Hong Kong IPO
BabyTree, a Chinese parent-focused social networking platform that engaged in a corporate restructuring intended to facilitate an onshore listing but then 12 months later decided to go public in Hong Kong, has raised HK$1.7 billion ($217.3 million) in...
Vertex, Sistema lead $30m Series C for India's Kissht
Vertex Ventures, the VC arm of Temasek Holdings, has led a $30 million Series C round for Indian financial technology platform Kissht alongside Russian VC investor Sistema Asia Fund.
China's PingCap gets $50m Series C
PingCap, a Beijing-based start-up that provides database solutions for enterprise customers, has secured a $50 million Series C round led by Fosun Group and Morningside Venture Capital.
PE-backed BabyTree to list in Hong Kong
BabyTree, a Chinese parent-focused social networking platform that has received backing from the likes of Fosun Group and Alibaba Group, has filed for a Hong Kong listing.
Orchid leads $65m round for Chinese wedding platform
Hunliji, a China-based online wedding services provider, has raised $65 million in a Series C round of funding led by Orchid Asia Group.
China-India tech investments: A running start
The past 12 months has seen a long-expected surge of investments into India’s technology sector by Chinese financial and strategic investors. They are providing a significant boost to the local market
China’s Fosun acquires French luxury brand Lanvin
Chinese conglomerate Fosun International has purchased a controlling stake in Jeanne Lanvin, one of the oldest luxury fashion labels in France, for EUR120 million ($148 million).
Fosun Capital leads $80m Series B for China’s BingoBox
BingoBox, a Chinese unmanned convenience store operator, has raised an $80 million Series B round of funding led by Fosun Capital. Existing investors Prometheus Capital, Qiming Venture Partners, GGV Capital and Ventech China also took part.