Growth capital
VC players back $45m PubMatic mezz round
It is no exaggeration to say that real-time bidding (RBT) is transforming online display advertising. For years, customers bid for slots in bulk, paying a flat rate for each one; there was no way to improve cost efficiency by bidding for particular opportunities.
Growth capital mezzanine: The third way
Growth capital mezzanine players are still few in number in Asia. Will struggling equity markets and tighter credit conditions open up the market for these alternative capital providers?
Jacob Ballas supports Indian diagnostics chain
The $40 billion Indian healthcare market is growing rapidly and has seen numerous PE investments into hospital chains and pharmaceutical companies. However, the country’s diagnostic expertise and infrastructure still lag behind.
KKR funds $22m Air Works bolt-on
KKR has provided Air Works India Engineering with INR1.2 billion ($22 million) of structured debt financing to help fund its acquisition of Dubai-based private aviation specialist Empire Aviation Group (EAG).
Accion, Pragati India boost Saija Finance with $4m
Accion and Pragati India Fund have invested $4.5 million in Indian microfinance company Saija Finance. The funding will enable the firm to make acquisitions.
Kaizen injects $4m in Indian childcare provider
Education-focused PE firm Kaizen Management Advisors has invested INR200 million ($4 million) in Indian childcare services provider Your Kids ‘R’ Our Kids (YKROK).
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.
India’s Komli raises $39m in Series D round
India-based Komli Media, a provider of online advertising solutions across mobile, video, social networks and search engines, has attracted $39 million in Series D funding from venture capital firms, in a move to expand its presence across Asia.
India’s Komli raises $39m from VCs in Series D round
Norwest Venture Partners has led a $39 million round of funding for Komli Media, India’s largest advertising-focused media technology company. Existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated,...
Apax, Bain in race for $1.4b Genpact stake
Apax Partners and Bain Capital are reportedly competing for the 41% stake in Indian business process outsourcing (BPO) company Genpact being sold by Oak Hill Capital and General Atlantic (GA). The stake is valued at $1.4 billion, which could make this...
Sage Capital vehicle backs Chinese shoemaker Baofeng
Asia Equity Value, an investment vehicle advised by Sage Capital Global, has agreed to invest in Baofeng Modern International, a Hong Kong-listed Chinese footwear manufacturer.
Sequoia invests in India’s Citrus Payments
Sequoia Capital has invested an undisclosed amount in Mumbai-based Citrus Payment Solutions, which offers payment services including online banking and credit card gateways.
WI Harper invests in Quixey’s Series B round
WI Harper, a venture capital firm that invests in early-stage and expansion deal in Greater China, has announced a follow-on investment into Quixey, a search engine for apps, in its Series B financing round.
Samara injects $32m in Monte Carlo Fashions
US-based private equity firm Samara Capital has invested INR1.75 billion ($32 million) for an 18% stake in India’s Monte Carlo Fashions.
Maui Capital closes fund at $190m hard-cap
Maui Capital has closed its Aqua fund at its hard-cap of NZ$250 million ($190 million). The New Zealand-based private equity firm had to turn away some larger investors.
Chinese online store Meilele receives $40m in second round funding
Chinese home furnishings e-tailer Meilele has received $40 million in second-round funding. The round was led by Singapore’s Vertex Venture, alongside Lightspeed Partners, Xianfeng Huaxing Group, LionRock Capital, and KTB Ventures.
Chinese accessory chain Aiyaya obtains $16m from Fortune Capital
Chinese accessory chain Aiyaya has received RMB100 million ($16 million) from Fortune Venture Capital in what could be the largest investment in the domestic accessory industry.
Nanostart ups stake in MINT
Nanostart Asia Pacific has increased its stake in Singaporean cleantech firm Membrane Instruments and Technologies (MINT) from 18% to 28%.
Ontario Teachers win Kyobo Life stake - update
Canada's Ontario Teachers Pension Plan has become the preferred bidder for a stake in Kyobo Life Insurance edging out other interested party, Affinity Equity Partners. Contrary to earlier media reports, the pension fund did not team up with existing shareholder...
Hawkesbridge backs Colemans
Australian private equity firm Hawkesbridge has acquired a stake in Australian fencing infrastructure firm the Colemans Group.
SBI, FMO to launch $80m emerging Asia financial fund
Japan’s SBI Holdings and Netherlands Development Finance Company (FMO) will jointly roll out a new fund to invest in financial services across emerging Asia. The fund will have a target size of up to $80 million and is seeking a first close of $60 million....
CVCI boosts Wuttisak with $100m
Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.
Sequoia Capital raising $1b for funds – report
Sequoia Capital has reportedly hit the fundraising trail again, and plans to raise at least $1 billion for a series of funds, including a China-focused vehicle.
India's Voicetap to raise capital from venture capital
Voicetap, a technology startup focused on mobile-education, has received $1 million from private investors. It is also in talks with other venture capital funds in the US, Singapore and India to raise $7 million over the next few months.