Silver Lake
China's SenseTime closes $620m Series C-plus round
Chinese artificial intelligence (AI) technology developer SenseTime has raised $620 million in Series C-plus funding, its second capital injection in as many months. The investment values the business at over $4.5 billion.
Bain, INCJ consortium named preferred bidder for Toshiba chip unit
Japanese conglomerate Toshiba has selected a consortium led by the Innovation Network Corporation of Japan (INCJ) and including Bain Capital as the preferred bidder in the sale of its Nand flash memory unit, Toshiba Memory Corporation (TMC).
China ride-hailing app operator Didi raises $5.5b
Chinese ride-hailing app operator Didi Chuxing, which is backed by an assortment of private equity and strategic investors, has raised $5.5 billion in a fresh round of funding.
Alibaba’s local services platform Koubei completes $1.1b round
Koubei, a China online-to-offline (O2O) local services platform backed by Alibaba Group, has completed a $1.1 billion funding round led by Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.
China travel sites Ctrip, Qunar agree merger
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
Temasek, Silver Lake back Dell in $67b acquisition of EMC
Singapore's Temasek Holdings is supporting the $67 billion acquisition of data storage and cloud computing company EMC Corporation by US-based computer maker Dell. Other backers include Silver Lake and MSD Partners.
Silver Lake leads $500m investment in China's Qunar
Silver Lake has invested $330 million in Qunar, a US-listed Chinese travel-booking platform controlled by Baidu, as part of a $500 million strategic investment. This comes after the company rejected a buyout offer from industry peer Ctrip.
Silver Lake-backed Avago agrees $37b Broadcom deal
Avago Technologies, a Singapore-incorporated chip maker backed by Silver Lake Partners, has agreed to buy its NASDAQ-listed rival Broadcom Corp. for $37 billion in cash and stock.
AVCJ Awards: Exit of the Year - IPO: Alibaba Group
Alibaba Group’s IPO validated Silver Lake’s faith in the business. Ken Hao, a managing partner at the PE firm, expects the company to go from strength to strength, both in and outside China
Silver Lake overcame doubters to secure Alibaba deal – AVCJ Forum
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
Alibaba shares surge 38% on US trading debut
Shares in Alibaba Group soared 38.07% in their first day of trading on August 19, following a $21.8 billion IPO on the New York Stock Exchange (NYSE).
Alibaba sets terms for $21.8b IPO
Alibaba Group will raise $21.8 billion in its IPO after pricing shares at the top end of the indicative range. The Chinese internet company could end up with as much as $25 billion if the overallotment option is fully exercised.
PE investors set for partial exits as Alibaba targets $24b IPO
Chinese e-commerce giant Alibaba Group is seeking to raise as much as $24 million through a US IPO that could be the largest tech offering in history.
Silver Lake backs Avago's LSI purchase with $1b investment
Tech-focused private equity firm Silver Lake is investing another $1 billion in Singaporean chip maker Avago Technologies to help fund its $6.6 billion acquisition of LSI Corporation.
Silver Lake, Nexus invest in Indian commodity trading platform
Silver Lake Kraftwerk has taken a minority stake in Bangalore-based Eka Software Solutions, a commodity trading and risk management software provider. Existing investor Nexus Venture Partners also participated in the funding round.
Apollo mulls raising investment limit on global fund - report
Apollo Global Management is reportedly considering seeking approval to raise the limit on its new flagship fund in response to strong investor interest.
Apollo reaches $6.8b first close on global fund – report
Apollo Global Management has reportedly reached a first close of about $6.8 billion on its latest global fund. Apollo Investment Fund VIII set out with a target of $12 billion and has since introduced a hard cap of $15 billion.
AVCJ China Awards: PE deal of the year – Alibaba Group
AFTER THREE YEARS OF ON-AND-OFF negotiations with Yahoo, Alibaba Group finally agreed to repurchase half of the US internet firm’s 40% stake in itself for $7.6 billion last September. Supported by $5.9 billion in financing, of which $3.9 billion was...
Haves and have nots
It probably comes as no surprise to most readers that Asia Pacific fundraising in the first quarter of 2013 was much slower than in the past. When I covered the tough fundraising conditions in the March 18 viewpoint, I observed that the market is divided...
Silver Lake closes Fund IV at a record $10.3b
Tech-focused private equity firm Silver Lake has closed its latest global buyout technology fund at $10.3 billion. LPs made capital commitments of $10 billion, while $300 million was committed to the fund by Silver Lake fund managers and affiliated entities....
Temasek not interested in Silver Lake’s Dell deal – report
Temasek Holdings is apparently not interested in joining a Silver Lake-led consortium that is looking to privatize Dell. Media reports have claimed that the Singapore sovereign wealth fund is one of a number of potential investment partners Silver Lake...
Jack Ma’s retirement as Alibaba CEO fuels IPO speculation
Jack Ma will step down as CEO of Alibaba Group in May ahead of the private equity-backed firm’s widely anticipated IPO. Ma, who will remain as chairman indicated that he wanted to hand over to a younger successor, telling employees that “the next...
CITIC Capital in advanced talks on AsiaInfo take-private – report
CITIC Capital is reportedly close to securing a management buyout of AsiaInfo-Linkage, the US-listed telecoms software manufacturer, to take the company private. The companies are said to be in advanced talks and the deal was thought to be worth around...
Silver Lake-owned Allyes names new CEO
Silver Lake-owned Allyes, a Chinese digital marketing company, has appointed Hanhua Wang as CEO, effective December 1. He replaces Eric Chen, a managing director at Silver Lake, who had been serving as interim CEO. Chen remains chairman of the Allyes...