Growth capital
OrbiMed commits $15m to China's GC-Rise Pharma
OrbiMed has committed $15 million in Series B funding to GC-Rise Pharmaceutical, a Chinese healthcare services provider.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.
Forum Syneriges leads Series C round for India's Attero
Forum Synergies has led a $15 million Series C round of funding for Attero, India’s largest electronic asset management company.
GIC invests $104m in Taiwan music streaming service provider
GIC Private has invested $104 million in KKBOX, a Taiwan-based company that provides music streaming services in Asia.
Fonterra to invest in PE-backed Chinese dairy firm
New Zealand dairy group Fonterra has agreed to acquire up to 20% of Beingmate Baby & Child Food, a PE-backed Chinese milk processor, for NZ$615 million ($515 million).
Resource Capital invests $3m in Australia's MZI Resources
Mining-focused private equity firm Resource Capital Funds (RCF) has invested $3 million in Australian Securities Exchange-listed mineral sands explorer MZI Resources after agreeing to add to an existing short-term loan facility of $4.5 million.
Advent supports Australia radiology merger
Advent Private Capital has created the fourth-largest radiology group in Australia by bringing together two independent diagnostics businesses, Lake Imaging and South Coast Radiology.
SEAF India feasts on India fast food
India's fast-growing quick service restaurant (QSR) sector is one of the many symptoms of a country that is increasingly cash-rich and time-poor as its middle class swells.
Nereus Capital backs China's Hareon Solar
Nereus Capital has invested in China's Hareon Solar to support development of 150 megawatts of solar power projects in India over the next two years.
China beauty portal Meilapp.com raises $20m
Morningside Technologies has led a $20 million Series B round of funding for Meilapp, a Chinese mobile portal devoted to cosmetics and skincare.
Sequoia invests $139m in Chinese medical equipment maker
Sequoia Capital has acquired a 7% stake in Jiangsu Yuyue Medical Equipment & Supply, a Chinese medical equipment manufacturer, for RMB856 million ($139 million).
Maybank leads $25m round for China casual dining platform
Maybank Private Equity has made its first investment in China, leading a $25 million Series D round of funding for YPX Cayman Holdings, which owns and operates Cloud 9, the mainland China licensee of a Taiwan casual dining chain.
Creador beats expectations with $300m final close on Fund II
Creador has reached a final close on its second fund at the hard cap of $300 million. A rush of late commitments saw the Southeast Asia and India-focused GP exceed its projected $275 million total.
Orchid hits $920m hard cap on sixth China fund
Orchid Asia has closed its sixth China growth capital fund, hitting the hard cap of $920 million after receiving more than $1.3 billion of interest from prospective LPs.
China mobile healthcare developer gets $50m Series C round
Spring Rain Software, a Chinese mobile healthcare app developer, has raised a $50 million Series C round from new investors China International Capital Corp. (CICC), Rushan Investment Management and Temasek Holdings’ Pavilion Capital.
SEAF backs Indian fast food chain
SEAF India Investment Advisors has acquired a significant minority stake in the Kolkata-based Guha Roy Food Joint & Hotel, which runs biriyani fast food chain Only Alibaba and fried chicken brand Baked & Fried.
Q&A: Blackstone's Angelo Acconcia
The Blackstone Group has entered Southeast Asia's oil and gas space with an $800 million commitment to Tamarind Energy. Angelo Acconcia, managing director at Blackstone Energy Partners, explains the rationale
JD Capital invests $98m in Shenzhen property developer
JD Capital has invested RMB600 million ($98 million) in Shenzhen International Enterprise for a 10.42% stake in the Chinese real estate developer.
Shenzhen Oriental Fortune backs ZBB Energy JV
Shenzhen Oriental Fortune Capital has acquired an 8% stake in a Chinese joint venture set up by US-based ZBB Energy, which manufactures advanced energy storage and control platforms, for RMB$20 million ($3.24 million).
Fosun PE units invest $110m in China fishery firm CNFC
Fosun Group has acquired a 14.23% stake in CNFC Overseas Fishery for RMB681 million ($110 million), becoming the company's second-largest shareholder.
Fosun takes 20% stake in insurer Ironshore
Fosun International plans to acquire a 20% stake in Ironshore for $464 million, becoming the property and casualty insurer's largest shareholder.
EPF buys stake in Malaysian expressway
Malaysia's Employees Provident Fund (EPF) is paying MYR68.7 million ($21.5 million) for a 31.85% indirect stake in the Cerah Sama, concession holder of the Cheras-Kajang Highway.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
CMC leads $49m round for China entertainment firm Yuehua
CMC Capital has led a RMB300 million ($49 million) Series B round of financing for Yuehua Entertainment, a Chinese music and movie producer. Gravity Media, a Chinese advertising firm, also took part in the round.