New Horizon Capital
PE-backed China dental player files for Hong Kong IPO
Arrail Group, a leading Chinese dental chain that has raised about $400 million in private funding since 2010, has filed for a Hong Kong IPO.
China smart storage player Hive Box raises $400m
Hive Box, a China-based self-service package drop-off and pick-up operator, has received $400 million in funding from Trustbridge Partners, Asia Forge, Sequoia Capital China, Redview Capital, and All-Stars Investment. The pre-money valuation is $3 billion.
New Horizon buys Japan cosmetics player from Ant Capital
Japanese private equity firm New Horizon Capital has acquired 100% of Kagayaku Cosmetics from Ant Capital Partners for an undisclosed sum.
Hong Kong’s GoGoVan merges with 58 Daojia freight unit
Hong Kong-based GoGoVan, a VC-backed logistics start-up, and 58 Suyun, a freight unit of Chinese online-to-offline local services platform 58 Daojia, have agreed on an all-share merger that will create Asia’s largest online platform in the intra-city...
CDB Capital leads $42m round for China fintech firm Wacai
CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
New Horizon acquires Japan firefighting business
New Horizon Capital has agreed to acquire the firefighting equipment business of Japanese manufacturing firm IHI Shibaura Machinery Corporation (ISM).
AVCJ Awards 2016: Deal of the Year - Early Stage Tech: Zai Lab
Zai Lab has carved a niche licensing pre-clinical findings from the West for development into drugs in China, but its ambitions are global. Several VCs have faith in the project
China’s Advantech leads $15m round for AI start-up
Advantech Capital, one of two parallel funds launched by executives from Chinese GP New Horizon Capital, has led a $15 million Series A round of funding for Petuum, a US-based artificial intelligence (AI) and machine learning (ML) solution developer.
New Horizon pursues legal action over Japan's Sagami
Japanese GP New Horizon Capital has initiated legal action against Sagami, a domestic clothing retailer which it had targeted for acquisition. It claims the company accepted a weaker offer from rival PE bidder Aspirant Group.
New Horizon leads $37m Series B in China AR toy maker
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.
China K12 education platform Xuele raises $200m Series C
Xueleyun, a Chinese education platform, has raised a $200 million Series C round led by China-based PE firm New Horizon Capital. Existing investors GSR Ventures and Huaxin Shiji Investment also participated in the round.
New Horizon makes offer for Japan's Sagami
Tokyo-listed kimono retailer Sagami, which is already subject to a tender offer launched by Aspirant Group, has received a competing bid from New Horizon Capital.
Portfolio: New Horizon Capital and Tachikichi
New Horizon Capital has turned around ceramics maker Tachikichi by emphasizing its unique connections to Japanese culture. Now the GP hopes that strategy can take the company beyond its old restraints
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
CDH makes partial exit from Hong Kong-listed Luye Pharma
CDH Investments has made another partial exit from China-based drug developer Luye Pharma, generating proceeds of between HK$709 million ($91.4 million) and HK$729 million.
SBCVC, New Horizon lead $119m round for China fashion site
SBCVC and New Horizon Capital have led a RMB1 billion ($119 million) Series C round for Chuchujie, a Chinese mobile e-commerce platform.
New Horizon leads new round for Hong Kong's GoGoVan
Hong Kong app-enabled logistics start-up GoGoVan has completed a Series C round led by New Horizon Capital. Financial terms were not disclosed.
New Horizon, Gimv agree sale of Punch Powertrain to China's Yinyi
Several PE investors, including China’s New Horizon Capital and Europe-focused Gimv, have agreed to sell Belgium-based Punch Powertrain to Chinese real estate developer Yinyi Group at a valuation of around EUR1 billion ($1.1 billion).
Deal focus: Investors see value in China auto disrepair
China Pacific Insurance leads a Series B round for Bochewang, a car-trading platform that transfers damaged vehicles from insurers to rebuilders
Ex-New Horizon investors lead $100m round for Zai Lab
Advantech Capital, one of two new funds launched by executives from Chinese GP New Horizon Capital, has led a $100 million Series B round of funding for biotech start-up Zai Lab.
New Horizon backs China B2B plastics trading platform
New Horizon Capital has led a $36 million Series B round of funding for Zhaosuliao.com, a Chinese B2B plastics trading platform.
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
New Horizon, Addor Capital back China rural e-commerce play
New Horizon Capital and Addor Capital, a PE firm under Govtor Capital, have participated in a RMB500 million ($81 million) Series A round of financing for Huitongda, an online home appliance retailer that focuses on China’s rural areas.
Banks and deal-sourcing: Information arbitrage
Japan’s banks do not have the power that they once did to source deals, but they are far from irrelevant. GPs say these institutions still have a role to play, though their advice must be considered carefully