Growth capital
Shaw Kwei to support German manufacturer in China expansion
Shaw Kwei & Partners has invested $40 million in German equipment manufacturer Schmid Group to support the company’s expansion domestically and in China.
Warburg Pincus leads $30m round for India’s CarTrade
Warburg Pincus has led a INR1.85 million ($30 million) investment in Indian auto classifieds site CarTrade. Existing investors Canaan Partners and Tiger Global also took part.
India payments firm FSS raises $57m from Premji Invest
Premji invest - the family office of Wipro Enterprises chairman Azim Premji - has invested INR3.5 billion ($57 million) India payments firm FSS.
Gaja reaches $130m first close on second India fund
Indian mid-market GP Gaja Capital has reached a $130 million first close on its second fund - Gaja Capital Fund II.
India solar developer gets $33m from Kotak Mahindra, EIB funds
Kotak Mahindra Group and European Investment Bank Group (EIB) have together committed INR2 billion ($32.7 million) to India Solar Energy Firm SolarArise India Projects.
SAIF Partners invest $13m in Indian jewelry chain
SAIF Partners has invested INR800 million ($13 million) in Senco Gold, an Indian jewelry retail chain.
Foxconn VC invests $98m in Taiwan Mobile
Hongyang Venture Capital Investment, a corporate investment arm of electronics manufacturer Foxconn Technology Group, has invested NT$2.98 billion ($98 million) in local telecom operator Taiwan Mobile.
Portfolio: First Reserve and KrisEnergy
In backing oil and gas start-up KrisEnergy, First Reserve put its faith in a rare commodity in Southeast Asia – an independent team that knows where the plumb assets are and how to access them
SCPE ready to bet big on Vietnam
Private equity investors have committed an annual average of $364 million to Vietnam-based companies over the past 10 years. In the space of three weeks, Standard Chartered Private Equity (SCPE) alone has deployed over one third of this total.
IFC to invest $100m in India’s Bilt Paper
International Finance Corporation (IFC) has agreed to acquire a 14.29% stake in Bilt Paper, a subsidiary of Indian paper manufacturer Ballarpur Industries, for $100 million.
Sinarmas takes Ardent cross-border
Ardent Capital is registered in Hong Kong, but Bangkok remains its home. Previous investments by the VC firm have followed the same model – start in Thailand, then expand into other Southeast Asian markets. Now, though, Ardent is preparing to incubate...
China downside protection: Parachute play
All PE investors want downside protection in China, but they prefer to use it as leverage in amicable negotiations rather than pursue full enforcement. Knowing the entrepreneur and the business is crucial
JD Capital reaches $200m final close on second US dollar fund
Chinese GP JD Capital, formerly known as Jiuding Capital, has achieved its target of a $200 million final close on its second US dollar-denominated fund.
Google, Lightspeed lead $38m round for China's InnoLight
Google Capital, the growth-stage venture arm of Google, and Lightspeed China Partners have co-led a $38 million Series C round of funding for InnoLight Technology, a Chinese manufacturer of cloud computing optical transceivers.
Intel commits $1.5b to Tsinghua University-funded semiconductor business
Intel Corporation has agreed to invest up to RMB9 billion ($1.5 billion) for a 20% stake in Tsinghua Unigroup, owner of Chinese semiconductor makers Spreadtrum Communications and RDA Microelectronics.
New Asia, AIF in $15m round for Vietnam restaurant chain
New Asia Partners and AIF Capital have led a Series B round of funding worth $15 million for Huy Vietnam Group, Vietnam’s largest operator of self-managed, local cuisine restaurants.
Boyu joins Chinese consortium for $2.5b GLP investment
Boyu Capital and several Chinese strategic investors have joined a consortium that has committed $2.5 billion to Global Logistic Properties (GLP), a Singapore-listed warehouse operator.
China’s Tiantu in $63m first close on debut US dollar fund
Chinese GP Tiantu Capital has reached a first close of $63 million on its debut US dollar-denominated fund. A final close of $100 million is targeted for before the end of the year.
Tiger Global commits $30m to India property portal
Tiger Global has invested $30 million in India-based property listings website CommonFloor.com, which is ultimately expected to pursue a public listing.
Tata Capital to buy minority stake in Standard Greases
India's Tata Capital is to acquire a 17.36% stake in Mumbai-based Standard Greases & Specialities for an undisclosed sum.
Standard Chartered PE backs garlic-themed restaurant in Korea
Standard Chartered Private Equity (SCPE) has led a $48 million joint investment in Mad for Garlic, a Korea-based Italian restaurant chain that has expanded into Southeast Asia.
Blackstone pins down China's Xinrong
Driven by an aging population, increasing health awareness and a rising middle class, China's medical device market is growing at a rapid pace. A recent report by the Hong Kong Medical and Healthcare Device Industries Association reveals that since 2000...
Second hand, first place
Manheim, the world's largest automobile auction provider, was a project more than 30 years in the making. The company facilitates sales of used cars worth $46 billion annually, dominating a US market that trades 40 million vehicles a year.
Blackstone in China orthopedics play
The Blackstone Group has picked up a significant stake in Chinese medical devices company Xinrong Best Medical Instrument. Financial details were not disclosed but the deal is understood to be worth around $100 million.