PIPE
Yunfeng joins $1.6b deal for China drug maker Baiyunshan
Yunfeng Capital and other investors have agreed to invest up to RMB10 billion ($1.6 billion) in Chinese drug maker Guangzhou Baiyushan Pharmaceutical Holdings.
JD, Tencent invest $1.55b in Chinese online auto platform
Chinese online retailer JD.com and its investor Tencent Holdings have formed strategic partnership with Bitauto, committing $1.55 billion in the auto e-commerce operator and its investment unit.
L Capital Asia leads cornerstones for Asiaray Media’s HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).
Ping An energy fund invests $160m in United Photovoltaics
Chinastone Capital Management, an energy-focused investment firm backed by Ping An Insurance, has acquired HK$1.26 billion ($160 million) worth of convertible bonds in solar plant operator United Photovoltaics Group.
Carlyle to pay $483m for GE's AsiaSat stake, launch take-private
The Carlyle Group has agreed to acquire General Electric’s (GE) interest in Asia Satellite Telecommunications (AsiaSat) for up to HK$3.75 billion ($483 million) and then make a buyout offer for the Hong Kong-listed company.
Lombard, Leapfrog buy RSA's stake in Thai insurer
Lombard Investments and LeapFrog Investments have acquired a 21.75% stake in Thailand’s Syn Mun Kong Insurance (SMK) from Royal & Sun Alliance Group (RSA) for THB1.89 billion ($57.5 million).
TPG-backed retailer Li Ning seeks to raise $218m
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
Hony takes a trip to Tuniu
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
Hony leads $148m investment in VC-backed tour operator Tuniu
Hony Capital has led a $148 million round of funding for Tuniu, a US-listed Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital.
Hony, Goldman lead investment in Neusoft medical device units
A consortium including Hony Capital, Goldman Sachs and Canada Pension Plan Investment Board (CPPIB) has agreed to invest $610 million in two medical device subsidiaries owned by Neusoft Corporation, a Chinese IT services provider.
Xiaomi, Temasek, Kingsoft to invest in China’s 21Vianet
Software giant Kingsoft Corporation, smart phone maker Xiaomi and Singapore’s Temasek Holdings have agreed to invest $296 million in 21Vianet, a Chinese internet data center provider.
Hopu to buy 15% stake in Australia’s Paladin Energy
Hopu Investments has agreed to acquire up to 15% of Paladin Energy as part of a A$205 million ($178 million) capital raising effort by the Australian uranium miner.
China’s Sky Solar raises $44.2m in scaled back US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, has raised $44.2 million through a US IPO after scaling back the size and pricing of the offering.
RRJ leads $1b investment in Cheniere Energy
RRJ Capital has agreed to invest $1 billion in convertible notes issued by Cheniere Energy, a US-based liquefied natural gas (LNG) producer.
KKR, CITIC offer to buy controlling stake in United Envirotech
CITIC and KKR have offered to buy a controlling stake in United Envirotech (UEL) in a deal that values the Chinese waste water treatment company at S$1.9 billion ($1.5 billion).
GIC invests $391m in Philippines liquor producer Emperador
GIC Private has agreed to pay PHP17.6 billion ($391 million) for a 9.64% stake in Emperador (EMP), a Philippines-based liquor producer. Its parent is Alliance Global, a conglomerate controlled by local businessman Andrew Tan.
Orchid Asia invests in Chinese apparel maker La Chapelle
Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
CITIC Goldstone backs $285m Chinese mining acquisition
Goldstone Investment, the direct investment arm of CITIC Securities, is aquatics producer Hubei Wuchangyu's RMB1.75 billion ($285 million) acquisition of a Guizhou province-based mining firm.
CIMB PE buys stake in Indonesia 7-Eleven operator
CIMB Private Equity has paid approximately $25 million for a 10% stake in the owner and operator of the 7-Eleven convenience store franchise in Indonesia.
QIA pays $616m for stake in Hong Kong department store operator
Qatar Investment Authority (QIA) has bought a 19.9% stake in Lifestyle International Holdings – a Hong Kong-listed retailer whose properties include SOGO department stores – for HK$4.78 billion ($616.2 million).
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.
Tencent to up stake in PE-backed China South City
Tencent Holdings will pay HK$822.5 million ($106 million) to increase its stake in China South City Holdings, a logistics center operator that counts PAG among its investors, to 11.55%.
KKR to up stake in Indonesia's Tiga Pilar Sejahtera Food
KKR will acquire a further 10% of Indonesian rice and noodle producer Tiga Pilar Sejahtera Food (TPSF) for IDR658 billion ($55 million). The PE firm first invested in TPSF last year, representing its first deal in Indonesia.
CLSA Global invests $25m in Hathway Cable
Singapore-based CLSA Global Market has invested INR1.5 billion ($24.7 million) in Hathway Cable & Datacom, India's largest cable service operator by revenue.