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Info Edge acquires Accel-backed Toostep Consultancy
Accel Partners India has exited its stake in Toostep Consultancy after the networking and recruitment company was acquired by Info Edge, India’s leading online classified advertising player. Toostep staff will be integrated into the Info Edge team.
Carlyle, Unison-backed Covalent avoids bond default
Covalent, the Japanese semiconductor materials manufacturer owned by The Carlyle Group and Unison Capital, has averted a debt default by agreeing to buy back securities from its bondholders. Much like its counterpart Renesas Electronics, which is seeking...
Founder of Australia’s Seek plans PE platform
Paul Bassat, co-founder of Australian job search site Seek, is looking to set up a private equity platform with Tony Holt, who recently left his position as a senior managing director with Macquarie Group in Hong Kong.
NVP, Sequoia lead Series A round for India’s Capillary Technologies
Norwest Venture Partners (NVP) and Sequoia Capital have led a $15.5 million Series A round of funding for Capillary Technologies, an India-based cloud computing services provider. Existing investor Qualcomm Ventures also participated.
China’s IPV Capital backs mobile protection solution provider
V-Key, a mobile applications security solutions provider, has secured a $4 million Series A funding round from China-based VC investor IPV Capital.
TA targets remote communication networks
Communications is clearly a favored sector for TA Associates in Asia. Earlier this week, the US-based private equity player completed the buyout of SpeedCast, a Hong Kong-based network and satellite communications service provider. Of the eight investments...
Alibaba in bumper Yahoo buyback
New and existing private equity investors acquire much-sought-after stakes in Alibaba Group as the e-commerce firm repurchases part of Yahoo’s stake in a $7.6 billion deal
China, India companies beat PE to Digital Domain assets
China’s Galloping Horse Film and India’s PE-backed Reliance MediaWorks have teamed up to acquire assets from Digital Domain Media Group, the distressed Hollywood special effects company, for $30.2 million. The Sino-Indian joint venture easily outmatched...
NVP injects another $5m in Appnomic Systems
Appnomic Systems, an Indian IT infrastructure management services company, has raised a $5 million Series C round from Norwest Venture Partners (NVP). The VC firm previously invested $4 million and $2.5 million in the company in 2009 and 2010, respectively.
PE firms, sovereign funds support Alibaba’s Yahoo buyback
China Investment Corporation (CIC), Boyu Capital, CITIC Capital and CDB Capital participated in a $3.9 billion equity issue by Alibaba Group alongside existing investors including Silver Lake, DST Global and Temasek Holdings. The financing was used to...
Goldman rejects hedge funds’ Nine restructuring plan
Goldman Sachs has rejected a counter-proposal from hedge funds Oaktree Capital and Apollo Global Management for restructuring Nine Entertainment, the Australian media company owned by CVC Capital Partners.
Banks invited to finance PE-backed Focus Media buyout - report
Banks in Asia are reportedly being approached to provide up to $1.7 billion in financing for the private equity-backed management buyout of NASDAQ-listed Focus Media Holding.
Goldman tables Nine Entertainment debt proposal – report
Goldman Sachs has reportedly put together a restructuring proposal for Nine Entertainment that would see the Australian company’s A$3.8 billion ($3.9 billion) in debt convert to equity, writing off the vast majority of CVC Capital Partners’ investment.
General Catalyst invests $20m in Australia's Bigcommerce
Australian e-commerce start-up Bigcommerce has won $20 million in Series B funding from General Catalyst Partners. The US venture capital firm previously invested $15 million just over a year ago.
Qualcomm Ventures backs Dolphin Browser Series B round
Qualcomm's venture capital arm has participated in the Series B funding round of Dolphin Browser, a Chinese-made mobile browser.
Murdoch fund takes full ownership of DMG Radio Australia
Illyria, a private investment vehicle run by Lachlan Murdoch, son of media tycoon Rupert Murdoch, has taken full ownership of DMG Radio Australia after acquiring the 50% it didn’t already own from UK-based media company Daily Mail and General Trust...
China Renaissance advises alcohol site on Series C round
VC firm China Renaissance acted as a financial advisor to alcohol B2C e-commerce company Jiuxian.com on its RMB200 million ($31.5 million) Series C round led by hedge fund manager Richland Capital.
Blume Ventures invests in four Indian startups
Indian angel and seed fund Blume Ventures has invested in four startups. The transactions were completed during the first half of the year, according to the company’s quarterly report.
Thailand eases licensing rules for private equity firms
Thailand’s Securities and Exchange Commission (SEC) has abolished rules requiring private equity and venture capital firms to apply for securities licenses. The move is intended to make it easier to set up funds, thereby facilitating investment into...
Japan Industrial Partners buys Olympus’ mobile telecom unit
Japan Industrial Partners (JIP), a Tokyo-based private equity firm specializing in business restructuring, has bought the mobile-phone retailing business run by Olympus Corp’s ITX unit for JPY53 billion ($676 million).
GREE Ventures makes first Southeast Asia investment
GREE Ventures has made its first Southeast Asian investment by leading the Series B funding round in PriceArea.com, a price comparison website in Indonesia. Sony’s So-net Entertainment and East Ventures, a new and an existing investor, respectively,...
Renesas shares spike on report of KKR investment
Shares in Japan’s Renesas Electronics Corp. have soared to their highest level in almost three months after it was reported that KKR will invest JPY100 billion ($1.3 billion) in the company.
VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...