Growth capital
Qiming invests $15 million in TutorGroup
Qiming Venture Partners has invested $15 million in Chinese online language tutoring company TutorGroup. The capital will be used to expand the company's service delivery capacity throughout the country.
Taiwan's GVT Fund leads Series E round in LED Engin
Taiwan-based GVT Fund, which is sponsored by Industrial Technology Investment Company, has led a Series E funding round in LED Engin, a California-based solid-state lighting company specializing in LED components and optics.
India’s VRL Logistics gets $33m from New Silk Route
VRL Logistics, a Karnataka-based logistics and transport company, has received an INR1.75 billion ($33 million) capital injection from New Silk Route (NSR). The investment comprises INR1.25 billion in new equity and INR500 million for a stake held by...
KKR, Goldman back Indian logistics provider
Ford Motors sold nearly 100,000 cars in India last year and a further 22,000 units manufactured in the country were exported overseas. Every single component that went into each vehicle was handled by TVS Logistics.
New Silk Route invests in Vasudev Adiga’s Fast Food
New Silk Route (NSR) has made its second investment in India’s food and beverage sector, picking up a minority stake in Vasudev Adiga’s Fast Food, which runs a chain of south Indian restaurants. The capital comes from a $100 million allocation NSR...
Carlyle in mix for $1.8b Kyobo Life stake
The Carlyle Group appears to be one of several private equity firms vying for a $1.8 billion stake in South Korea’s Kyobo Life Insurance.
SAIF, Accel invest $5m in PropTiger
Venture capital firms SAIF Partners and Accel Partners have invested INR250 million ($5 million) in PropTiger Realty, an Indian online property marketing firm.
KKR, Goldman invest $53m in India’s TVS Logistics
KKR has agreed to invest $47 million in TVS Logistics, an Indian supply chain manager that services the auto, distribution, electronics and component manufacturing industries. As part of the transaction, existing investor Goldman Sachs will inject a further...
India's Future Supply Chain seeks PE funding
Indian logistics provider Future Supply Chains is seeking a second round of private equity funding in order to diversify its business into consumer-driven sectors.
Australia’s Hyperion to enter the private equity space
Australian hedge fund manager Hyperion Asset Management plans to enter the private equity space with the launch of A$200 million ($208 million) fund. It will seek minority positions in businesses with an EBITDA of around A$5 million, which rank second...
KKR takes 24% stake in China blood banker
It is a newborn child's first-ever insurance policy: Cord blood, rich in stem cells, is taken from the umbilical cord shortly after birth and placed into storage, only to be used if the child is later stricken by a serious illness. Cord blood can help...
TA continues India spree by backing BillDesk
TA Associates' decision to establish a permanent India presence appears to be paying off. The firm’s first investment in the country was completed in 2006 but four of its five deals have come since the Mumbai office opened in late 2009. BillDesk, an...
First quarter analysis: Asia struggles to locate its exits groove
Little to cheer in the exit landscape; China growth deal pipeline continues to weaken; India telecom tower buyout not a sign of things to come
Has the China online video story run its course?
The merger of online video sites Youku and Tudou ensures market dominance, but they must still bring costs under control in a competitive environment. Investors are advised to sell up or stay out
Bamboo Finance backs Greenlight Planet in $4m round
Bamboo Finance has invested in Greenlight Planet, a manufacturer of solar-powered lanterns, in a $4 million funding round alongside existing investor P.K. Sinha, co-founder of ZS Associates.
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
CBC leads Series C round for Chinese HR service provider
China Broadband Capital (CBC) has led a Series C funding round for CDP Group, a human capital management services provider in Greater China and Asia.
TA Associates backs Indian online payment provider
TA Associates has acquired a minority stake in BillDesk, India’s leading online payment services provider. The investment, terms of which were not disclosed, is seen as a means of leveraging both increasing internet penetration in the country and growing...
Vision Knight’s value-add proposition
Much is expected of China's online advertising industry. Worth RMB51 billion ($8.1 billion) in 2011, up 57% year-on-year, the market is tipped to top RMB187 billion by 2015. As former CEO of Alibaba.com, the country’s leading B2B marketing portal, David...
Advent International to invest $105m CARE Hospitals
Advent International will invest $105 million in multi-specialty hospital chain CARE Hospitals, representing its third investment in India.
India Agri Business Fund backs Super Agri Seeds
Rabo Equity Advisors’ India Agri Business Fund has committed INR500 million ($9.8 million) to Super Agri Seeds for a significant minority stake. It is the fund’s eighth investment and the first in a seeds company.
F&H backs Song brothers’ singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
MSPE Asia secures its largest ever Asia deal
Supporting domestic companies keen to expand into overseas markets has become a core element of most PE investors’ China strategies. Morgan Stanley Private Equity (MSPE) Asia found the prospect of working on such efforts with Tianhe Chemicals Group...
New Silk Route mulls Adiga’s deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.