Growth capital
Fosun to take 20% in payment play Ingenico Group
Fosun Group has invested in Europe-based payment services provider Ingenico Group with a view to helping the company develop its business in China.
Chinese drone maker gets $75m from Accel
Accel Partners has provided $75 million in funding to DJI, a China-based drone manufacturer. The investment is said to value the company at $8 billion.
Deal focus: LeapFrog seals debut Indonesia deal
Indonesia's middle class is expected to jump from 70 million in 2012 to more than 140 million by 2020 – representing more than half of the country’s population – according to the Boston Consulting Group. Financial services should benefit from this...
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
Deal focus: A Sino-French solution to liver disease
Inner Mongolia FuRui Medical Science (FuRui) started out two decades ago as a pure-play drug manufacturer, but then it found its niche developing diagnostic equipment and treatment for liver disease. Looking to bring in overseas technology, it acquired...
Warburg Pincus leads round for China designated driver service
Warburg Pincus has led a $100 million Series D round of funding for eDaijia, a Chinese mobile-based service that connects users with temporary drivers for their vehicles. Two existing investors, Matrix Partners China and Lightspeed China Partners, are...
Anthem invests in Myanmar mobile data collection platform
Myanmar-focused investor Anthem Asia has provided funding to Xavey, a local mobile data collection platform that works with groups conducting research and surveys.
NewMargin leads $200m round for China advertising platform
NewMargin Ventures has led a $200 million Series B round for Panshi Information Technology, valuing the Chinese digital marketing platform at $1 billion.
IDG, Goldman back US bitcoin start-up's China expansion
IDG Capital Partners and Goldman Sachs have invested $50 million in US-based bitcoin start-up Circle with a few to funding its expansion into China.
China VC firm Banyan closes $100m co-investment fund
Chinese venture capital firm Banyan Capital has closed its latest co-investment fund at $100 million, having spent just one month in the market.
Rocket's FoodPanda raises a further $100m
Goldman Sachs has led the latest funding round for Rocket Internet's emerging markets-focused food delivery app FoodPanda, netting the company $100 million.
Cathay Capital leads round for FuRui’s medical device unit
Cathay Capital has led a EUR30 million ($33 million) round of funding for Echosens, a France-based diagnostic medical device manufacturer owned by China’s Inner Mongolia FuRui Medical Science.
LeapFrog to invest in Indonesia's Reliance Capital Management
Microfinance-focused investor LeapFrog Investments will lead a $45 million commitment to Reliance Capital Management, an Indonesian financial services provider. This is its first investment in the country.
China’s Huakang Mobile Healthcare raises $32m from VCs
Yunfeng Capital, Shenzhen Cowin Capital, New Horizon Capital and Hunan Haijie Healthcare Investment have provided RMB200 million ($32 million) in Series B funding for Huakang Mobile Healthcare, a Chinese mobile healthcare app developer.
SAIF leads $3.5m Series A for India start-up tracker
Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.
PE and China franchising: Eat what you cook
Franchising is an effective way of establishing Western restaurant brands in China. Private equity firms have picked up on the opportunity, but it is not without risk. Local appeal and strong partners are essential
China online movie ticket app Weiying raises $105m round
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has completed a Series B round of funding worth $105 million.
TPG Growth closes third global fund at $3b
TPG Capital has reached a final close of $3 billion on its third global middle market and growth equity fund. The initial target was $2.75 billion.
Ratan Tata buys stake in China’s Xiaomi
Ratan Tata, chairman emeritus of the company that controls Tata Group, has invested an undisclosed sum in VC-backed Xiaomi, the first investment by any Indian in the Chinese smart phone maker.
Accel, SAIF in $12m Series B round for Coverfox
Indian online insurance marketplace Coverfox has raised a INR750 million ($12 million) Series B round from existing investors Accel Partners and SAIF India.
Financial comparison site CompareAsiaGroup gets $40m round
CompareAsiaGroup, a primarily Southeast Asia-focused service that allows consumers to compare different financial products, has completed a $40 million round of funding that will be used to support further expansion.
CMC Capital acquires stakes in HK broadcaster TVB
Chinese media-focused private equity firm CMC Capital Partners has acquired a stakes in the consortium that controls Television Broadcasts (TVB), a free-to-air broadcaster in Hong Kong.
Two sides of a stock market boom
April is barely 20 days old and the capital generated through share placements and sell-downs by PE investors is already at its third-highest quarterly level in two years. That’s what happens when public markets go into overdrive.