Growth capital
General Atlantic nears Snapdeal investment – report
General Atlantic is reportedly closing in an investment in online retailer Snapdeal, which would represent its first foray into Indian e-commerce. The private equity firm will participate in a round of funding worth $80-100 million.
Warburg Pincus backs Chinese children’s goods retailer
Warburg Pincus has invested $55 million in Chinese maternity and children’s goods retailer Kidswant. The capital will be used to increase store numbers and boost the company’s growth plans.
SCPE backs Sri Lanka’s Abans with $40m - report
Standard Chartered Private Equity has reportedly invested $40 million in Sri Lankan family-owned business Abans.
Blue Sky pumps $2m into Australian skincare firm
Blue Sky Alternative Investments has invested $2 million in Milk & Co, the Australian skincare company founded by Olympic swimmer Michael Klim.
Archer Growth invests in Best Friends Pet Supercentre
Archer Capital Growth Funds, the Australian GP’s lower mid-market unit, has set up a partnership with Best Friends Pet Supercentre and plans to expand the chain to 44 outlets. The company currently operates 11 supercenters that sell pet products and...
India ATMs: Banking on convenience
Recognizing the need for more ATMs, a consortium of Indian banks has opened up the business to independent contractors. Numerous private equity-backed enterprises are waiting to swoop
A Capital bets on B&O’s China growth story
Just three months ago, 87-year-old Danish electronics manufacturer Bang & Olufsen (B&O) announced worse-than-expected third quarter results: revenue was down 7% year-on-year while pre-tax profit fell by 37%. The company blamed poor sales in Europe and...
TLG Capital bets on Myanmar cruise company
UK private equity firm TLG Capital is reportedly planning to establish a company that will operate cruises in Myanmar, investing via its holding in Compagnie Fluviale du Mekong, one of Cambodia's oldest river cruise businesses.
India’s Reliance Mediaworks to raise $110m from PE
Reliance Mediaworks (RMW), a Indian film and entertainment services company controlled by billionaire Anil Ambani, has raised INR6.05 billion ($109.7 million) from a foreign private equity fund. The capital will be used to cut debt and for business expansion.
TA, Qiming, Ignition invest in Chinese online game developer
TA Associates, Qiming Venture Partners and Ignition Capital Partners have purchased a significant minority stake in Chinese online gaming company Forgame Tech. Terms of the investment were not disclosed.
Fidelity, Qualcomm lead Series C round for Bigshoebazaar
Fidelity Growth Partners and Qualcomm Ventures have led a Series C round of funding worth INR1 billion (US$18 million) for Indian online wholesaler Bigshoebazaar. Existing investors Nexus Venture Partners and Catamaran Ventures also participated.
Warburg Pincus commits $200m to China Auto Rental
Warburg Pincus has invested $200 million in China Auto Rental, said to be the country’s largest car rental network in terms of revenue. It is the largest equity financing the industry has seen since Legend Holdings made a RMB1 billion strategic investment...
Hao Capital forms healthcare JV with TCL Group
China-focused private equity firm Hao Capital has formed a joint venture with the TCL Group, one of the leading consumer electronics companies in China, to provide diagnostic imaging products and services.
Standard Chartered PE takes Smoothies Korea overseas
Standard Chartered Private Equity (SCPE) has completed its fourth transaction in partnership with South Korea’s National Pension Service (NPS), making a $46 million investment in nutritional beverage brand Smoothies Korea. The company will use the capital...
VC-backed Yatra bolts on Travelguru
Yatra, the Indian digital travel services operator backed by VC firms including Norwest Venture Partners (NVP), has acquired Travelguru, a hotel distribution network owned by online travel agency Travelocity.
AIF invests in Southeast Asian consumer packaging firm
AIF Capital has completed a $40 million investment in Pacific Plas, one of the largest participants in Southeast Asia’s resin distribution and consumer packaging markets. AIF is the first private equity investor in the Singapore-based family-owned company.
Anacacia Fund II reaches $75m first close
Australia’s Anacacia Capital has completed the first close of its Anacacia Fund II at $75 million within weeks of opening, raising 50% more than its original target. Superannuation funds, fund of funds and family offices from Australia and overseas...
Sprint Capital backs Australian coal miner
Sprint Capital has invested A$36 million ($36.4 million) for a 25% stake in Australian mining company Stanmore Coal. Capital from the Hong Kong-based private equity firm, which specializes in mining and natural resources sector transactions, will go towards...
Translink, Vangoo back Chinese mobile ad platform with $12m
Silicon Valley-based Translink Capital and Japan’s Vangoo Investment Partners have led a $12 million Series B round of funding for Chinese mobile-based advertising platforms Adwo.
Sequoia, SAP Ventures back Just Dial after IPO pulled
Sequoia Capital and SAP Ventures have invested INR3.27 billion ($57 million) in Indian listings provider Just Dial after the company’s IPO, scheduled for this month, was delayed until 2013.
CVC buys into C.Banner’s organic growth story
Over the course of 17 years, C.Banner Holdings has become China’s third-largest ladies footwear retailer, building up a network of more than 1,800 outlets and four self-developed brands. Growth has been entirely organic: Chinese retailers habitually...
China’s NewMargin leads $36m round for Majestic Gold
Shanghai-headquartered NewMargin Ventures has agreed to lead a $36 million financing round for Vancouver-based Majestic Gold. The proceeds will be used to finance capital expenditures at the company’s Song Jiagou mineral project in Shangdong Province,...
Singapore start-up raises $1.2m from Walden, Innosight
Singapore-based YFind Technologies has raised S$1.5 million ($1.2 million) in a Series A funding round led by Walden International and Innosight Ventures. The indoor GPS start-up will use the funding to accelerate its development of applications including...
AVCJ China Awards: PE Deal of the Year – Alibaba Group
Silver Lake started building relations with Alibaba Group almost as soon as it launched its Asia operations in 2008. It was the logical thing to do: the private equity firm assiduously builds relationships with senior management at most of the world’s...