Hong Kong (China)
Matrix leads $5m Series A for Hong Kong's Klook
Matrix Partners has led a $5 million Series A round of funding for Klook, a Hong Kong-based online travel start-up.
Hong Kong vs Singapore VC: Flawed comparisons
Singapore has easily surpassed Hong Kong in terms of venture capital investment for the last four years, but that data should be assessed in the context of wider industry dynamics
PE-backed China Huarong launches Hong Kong IPO
Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from Chinese state-owned banks, is looking to raise up to $3 billion in a Hong Kong IPO.
PE firms set for part-exits as IMAX China targets $276m HK IPO
FountainVest Partners and CMC Capital Partners plan to make partial exits from IMAX China as the movie theater operator looks to raise as much as $276 million in a Hong Kong IPO.
Hong Kong Broadband's PE backers make partial exit
CVC Capital Partners and its co-investors, AlpInvest Partners and GIC Private, have sold a 7.6% stake in Hong Kong Broadband (HKBN), the internet services provider they acquired in 2012 and took public in March.
Chrysalix, HKSTP form clean energy partnership
Canadian VC firm Chrysalix Energy Venture Capital has partnered with the Hong Kong Science & Technology Parks Corporation (HKSTP) to support cleantech start-ups.
Public markets and ESG: The bourse bites back
With regulators toughening their stance on compliance, PE investors in Asia may have to place as much emphasis on environmental, social and governance (ESG) issues for public market exits as they do for trade sales
Hong Kong freight services platform raises $14m
Hong Kong-based freight services platform Freightos has raised a $14 million Series B round from a clutch of investors.
JD Capital to acquire Ageas’ HK life insurance unit for $1.4b
Chinese private equity firm JD Capital has agreed to buy Ageas’ Hong Kong life insurance business for HK$10.68 billion ($1.38 billion).
Portfolio: Morgan Stanley Private Equity Asia and AMTD
Hong Kong-based financial advisor AMTD wants to meet the needs of mainland investors looking to access international markets. Morgan Stanley Private Equity Asia is helping the firm best position itself
China’s Qihoo to acquire HK-listed Vision Values
Chinese internet security software provider Qihoo360 Technology, which recently received a take-private offer from its management and VC investors, intends to acquire a majority stake in Hong Kong-listed Vision Values. It is suggested Qihoo might seek...
CITIC, Crestview to sell Stackpole for $659m
CITIC Capital Partners and Crestview Partners have agreed to sell Canada-based auto parts maker Stackpole to Johnson Electric Holdings for C$867 million ($659 million).
Tencent leads $60m round for Hong Kong online brokerage
Tencent Holdings has led a Series B round of funding worth $60 million for Hong Kong-based online brokerage Futu5.com, with participation from Matrix Partners and Sequoia Capital.
Hong Kong profit tax: Breakthrough
The move to extend the profit tax exemption for offshore funds in Hong Kong to include private equity has been more than two years in the making. After various lobbying efforts, plans to extend the exemption – already enjoyed by the hedge fund industry...
Hong Kong introduces tax exemption for private equity
The Hong Kong government has extended the profits tax exemption for offshore funds – from which the hedge fund industry already benefits – to include private equity.
PAG joins $500m investment in Hong Kong’s Kingston Financial
PAG Asia Capital's absolute returns business has joined a consortium that plans to invest HK$3.87 billion ($500 million) in Hong Kong-based investment firm Kingston Financial.
PE-backed Wenzhou Kangning Hospital files for HK IPO
Wenzhou Kangning Hospital, the largest private psychiatric specialty care service provider in China backed by PE investors, has filed for an IPO in Hong Kong.
Hong Kong's GoGovan gets $10m Series B round
Hong Kong app-enabled logistics start-up GoGoVan has raised $10 million in Series B round of funding. Investors in the round included Hu Zemin, the former CEO of Android app store 91 Wireless, and social media firm RenRen.
Hong Kong storage start-up Boxful raises $6.6m
Hong Kong-based "valet storage" start-up Boxful has raised a HK$51.1 million ($6.6 million) Series A round from a consortium including Arocrest Capital, Lonsdale Capital, and several real estate investors.
Hong Kong's Nest forms accelerator with Nissan
Infiniti, the luxury car unit of Japanese automaker Nissan, has teamed up with Hong Kong-based incubator Nest to launch a platform that will support start-ups developing smart city solutions.
GIC, BlackRock cornerstone CITIC PE-backed 3SBio's IPO
GIC Private and BlackRock have joined four other investors to cornerstone Chinese biotech pharmaceutical developer 3SBio's relisting in Hong Kong, two years after it was taken off NASDAQ by CITIC Private Equity.
Ex-Macquarie Asia PE head Hugh Dyus joins Navis
Navis Capital Partners has appointed Hugh Dyus, who until last year was head of Asia private equity at Macquarie Funds Management, as a partner based in Hong Kong.
Alibaba’s Jack Ma leads investment in Hong Kong brokerage
A consortium led by Jack Ma, founder and executive chairman of Alibaba Group, has acquired 81% of Hong Kong-listed brokerage Reorient Group.
Babson closes Asia mezzanine fund at $177m
Babson Capital Management has reached a final close of $177.2 million on its latest Asia-focused mezzanine fund.