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MLC Private Equity invests in search engine Blekko.com
MLC Private Equity, a division of the National Australia Bank, has participated in a $30 million round of funding for search engine Blekko.com, alongside the likes of Russian internet company Yandex.
Matrix invests in Indian mobile app developer U2opia
Matrix Partners India has invested an undisclosed sum in handset application developer U2opia Mobile, marking the company's first round of institutional funding.
Hisense unit makes two for Advantage in China
Japanese buyout firm Advantage Partners has made its second investment in a Chinese company, injecting approximately JPY1.5 billion ($19.7 million) into Hisense Broadband Multimedia Technologies (HBMT).
Telecom firms struggle to offload towers
India’s cellular towers are crucial in supporting its burgeoning mobile market, but when it comes to selling these assets, operators find that less may be more
PE firms offer Alibaba staff a liquidity event
The timing of Silver Lake's investment in Alibaba Group, alongside parties including DST Global, Yunfeng Capital, Temasek Holdings, was curious. Days earlier Silver Lake reportedly contacted Yahoo as one of several private equity firms considering a bid...
Trustbridge receives $30m from Arizona pension fund
Trustbridge Partners has received a $30 million commitment for its fourth fund from the Arizona Public Safety Personnel Retirement System. An India sidecar fund on JPMorgan’s Asian Infrastructure & Related Resources Opportunity (AIRRO) Fund will get...
Hiroyuki Watanabe to launch tech-focused venture fund
Former general manager of internet services firm NGI Group Hiroyuki Watanabe has spun out to launch a maiden venture fund.
Accel cancels plans for $400m India fund - report
Silicon Valley-based VC firm Accel Partners will not raise a $400 million India-focused fund as previously planned, The Times of India reported, citing unstable market conditions and increased competition as reasons for the decision.
Mayfield appoints venture advisors in India
Tech-focused Mayfield Fund has bolstered its investment team with the appointment of two venture advisors, including Sunil Singh, who will be based in India.
Advent International closes in on BT’s Tech Mahindra stake
Advent International is intensifying negotiations with BT over the UK telecom group’s stake in Tech Mahindra. BT held a 23.37% interest in the Indian IT company as of June 30 and has been looking at exit options. Based on current market prices, the...
Private equity firms invest in China's Alibaba Group
Silver Lake and DST Global will invest in leading Chinese technology firm Alibaba Group as part in order to provide liquidity to Alibaba employees. Chinese private equity firm Yunfeng Capital, which was founded by Alibaba founder Jack Ma, and Singapore...