TMT
Advantage, Bain, Olympus in second-round bidding for Yayoi
Advantage Partners, Bain Capital and Olympus Capital have reportedly advanced into the second round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the market this year.
Delhi overshawdows Bangalore as startup hub
Delhi has overtaken Bangalore as India’s hub for technology startups, with at least 220 companies launched in Delhi over the past three years compared to 159 in Bangalore, new research finds.
Yahoo founder refuses to rule out sale to Alibaba, private equity
Yahoo co-founder Jerry Yang has refused to rule out the possible sale of the company to Alibaba Group’s Jack Ma or to a private equity interests. “There are plenty of options,” he told a conference in Hong Kong Wednesday.
Northern Light eyes healthcare sector
Healthcare will be a stronger area of focus for Northern Light Venture Capital’s third US-dollar fund, which last week achieved a final close of $400 million.
Legend Capital, DCM commit $30 million to China’s Happy Elements
Legend Capital has led a Series B round of funding worth $30 million for Chinese social gaming company Happy Elements. Existing investor DCM also participated.
PE-backed Technovator International to list in Hong Kong
Technovator International, China’s leading energy management systems company, is seeking to raise up to HK$146 million ($18.7 million) through a Hong Kong IPO. The company is controlled by Shanghai-listed Tsinghua Tongfang, which is part-owned by the...
Saban Capital Group takes 5% stake in Media Nusantara
Saban Capital Group, the Los Angeles-based private equity firm controlled by billionaire Haim Saban, has purchased a 5% stake in PT Media Nusantara Citra from PT Global Mediacom for INR692 billion ($78.2 million). Saban Capital, which is investing through...
Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital,...
Carlyle, Advent to launch joint bid for Tech Mahindra stake
The Carlyle Group and Advent International are expected to launch a joint bid for British Telecom’s 23.2% stake in Tech Mahindra, India’s fifth-largest IT services firm. The deal could be worth $500 million.
Xunlei backs out of IPO due to market volatility
Xunlei, the Chinese software company backed by Morningside Technologies, IDG Ventures and Ceyuan Funds, has shelved plans for a $200 million IPO on NASDAQ.
Intel Capital plans second India fund
Intel Capital is planning to launch its second India-focused private equity fund. The company, which spun out from chip maker Intel, is targeting a raise of $250 million, investments bankers told The Business Standard.
TA Associates invests in Asia-focused telecom firm Aicent
TA Associates has made an undisclosed growth capital investment in data network provider Aicent, which provides services to Asian telecom operators.
Infinity links with Harbin government to invest in Israeli tech companies
Infinity Group, an Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has agreed to invest $10 million in 10 Israeli technology companies alongside the local government of Harbin.
India’s Just Dial plans NASDAQ listing
Private equity-backed Indian search engine Just Dial is looking to list its international unit on NASDAQ, barely two months after filing for a domestic IPO worth up to INR3.6 billion ($79 million).
SAP Ventures backs Indian internet services firm One97
SAP Ventures has committed $10 million to One97 Communications, a mobile internet services firm that delivers content and advertising services to customers including Airtel, Vodafone, Coca-Cola, Nestle and Samsung.
Alibaba, Temasek in talks over Yahoo deal – report
Alibaba Group has held discussions with Temasek Holdings about supporting the purchase of Yahoo’s 40% stake in the Chinese company.
Bain gets $1.1b recapitalization loan for Japan's Bellsystem24
Bain Capital has completed a JPY87.5 billion ($1.1 billion) recapitalization for portfolio company Bellsystem24, a telemarketing firm specializing in call centers, according to Basis Point.
Advantage, KKR, Olympus line up for MBK-owned Yayoi
Advantage Partners, KKR and Olympus Capital are reportedly among the potential bidders for Japanese accounting software developer Yayoi from MBK Partners.
India PE deals reach $8.57b in first three quarters of 2011
Private equity firms invested approximately $2.25 billion in 98 deals in India in the third quarter of 2011, bringing the industry’s total to $8.57 billion in 317 transactions for January-September. This marks a significant increase on the $6.4 billion...
General Atlantic plans four India deals worth up to $200m each
General Atlantic is considering four acquisitions in India worth $100-200 million each, according to Ranjit Pandit, the private equity firm’s head of investments in the country. The planned deals were in the internet, logistics, financial services and...
Helix-backed Hi-Rel Electronics sold to Hitachi
India’s Hi-Rel Electronics, backed by Helix Investor Advisors, has been acquired by Japan’s Hitachi for an undisclosed price.
PE-backed Affle gets $10m from Japan's D2 Communications
Japanese mobile advertising company D2 Communications (D2C) has invested more than $10 million in Singapore-headquartered Asian mobile media firm Affle. It joins existing backers Microsoft, Itochu Corp., Bennett Coleman & Company and Centurion Private...
Mobeam gets venture capital from Asian, US funds
Mobile coupon and scanning technology developer Mobeam has closed a $4.9 million Series A venture round from Samsung Ventures, the investment arm of Korean tech giant Samsung, Mitsui, a Japanese corporate conglomerate, and US-based yet2Ventures.
Intel Capital invests $20m in Indian tech companies
Intel Capital has invested $20 million in six Indian companies, including semiconductor company Saankhya Labs and Testing Czars, a mobile application provider.