USA
Philippines telecom giant PLDT launches VC unit
Philippine Long Distance Telephone (PLDT) has created an investment arm that will back start-ups in Silicon Valley and around the world.
China’s Tsinghua to invest $3.8b in Western Digital
China’s state-backed Tsinghua Holdings has agreed to pay $3.78 billion for a 15% stake in Western Digital, a US-based disk drive manufacturer.
H&Q Asia Pacific to develop Silicon Valley technology hub
H&Q Asia Pacific will invest $100 million to acquire land and develop a technology hub in Silicon Valley.
CMC in $65m round for US VR tech developer Jaunt
Jaunt, a US-based start-up that develops virtual reality (VR) technology, has received a $65 million Series C round of funding led by Walt Disney, media-focused PE firm China Media Capital (CMC), TPG Growth, Evolution Media Partners and Participant Media.
China VCs back US communications start-up
A group of VC investors including Morningside Technologies, SIG, GGV Capital, Shunwei Capital Partners and IDG Capital Partners have invested in a $20 million Series B round of funding for Agora, a US-based communications-as-a-service provider.
China's Didi Kuaidi agrees partnership with US-based Lyft
China-based ride-hailing app operator Didi Kuaidi has invested $100 million in US counterpart Lyft as part of a strategic alliance between that will allow each company to use the other’s services.
Littlejohn exits Henniges Auto to China's AVIC
A subsidiary of Aviation Industry Corporation of China (AVIC) has acquired automotive equipment manufacturer Henniges Automotive Holdings from US mid-market buyout firm Littlejohn & Co.
Oaktree supports bankrupt Australian surfwear brand Quiksilver
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
Q&A: Warburg Pincus' Charles R. Kaye
Charles R. Kaye, co-CEO at Warburg Pincus, discusses the growing importance of Asia to his firm, valuation bubbles in the technology space, and changes in the GP-LP relationship
US tech firms in China: Out of the comfort zone
The likes of Uber and Airbnb are looking for strategic partners to help them enter the China market. Can they do better than eBay and Amazon a decade ago, both of which were swamped by local competition
Paine & Partners' Indonesian Icicle exit falls through
Paine & Partners’ proposed exit from North America-based seafood business Icicle Holdings to a company owned by Indonesia’s Soetantyo family has been terminated.
Founder of Japan's Beenos launches $60m Asia VC fund
The founder of Japanese e-commerce company Beenos, Teruhide Sato, has a launched a $60 million venture capital fund that will support internet and mobile start-ups in India, Southeast Asia, Japan and the US.
Q&A: Formation 8's Brian Koo
As Formation 8 prepares to launch an Asia fund, Brian Koo, co-founder of the venture capital firm, explains why the strategy has evolved from rolling out US technologies in Asia to backing local start-ups
India's PremjiInvest leads $82m round for US-based ServiceMax
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has led an $82 million Series F round for US-based field service software developer ServiceMax.
China’s Dalian Wanda buys World Triathlon from Providence
Chinese conglomerate Dalian Wanda Group has agreed to buy World Triathlon Corporation (WTC), the leading global operator of Ironman events, from Providence Equity Partners for $650 million.
VIDEO: Warburg Pincus' Charles R. Kaye
Twenty years after Warburg Pincus set up shop in Asia, the region accounts for one third of the firm’s headcount and approximately one third of its most recent global fund. However, Charles R. Kaye, co-CEO of Warburg Pincus, is non-committal when asked...
Sequoia, CBC back Airbnb to expand in China
Airbnb, an online vacation home rental marketplace based in San Francisco, has forged a partnership with China Broadband Capital (CBC) and Sequoia China to expand into the Chinese market.
Deal focus: CITIC Capital gears up global strategy
When CITIC Capital and Crestview Partners bought Canadian auto parts supplier Stackpole International for $512 million in 2013, they had little suspicion that they would be exiting less than two years later. But they did feel that Stackpole’s variable-speed...
Global Environment Fund commits $11m to India's Concord
Global Environment Fund (GEF), the US-based cleantech-focused private equity firm, has invested $11 million in Indian wastewater treatment firm Concord Enviro Systems.
GIC supports Carlyle's $8b Veritas acquisition
Singapore's GIC Private has joined The Carlyle Group in its $8 billion acquisition of Silicon Valley-based Veritas, the information management unit of US tech giant Symantec.
Japan's Dentsu backs US social robot start-up Jibo
Dentsu Ventures, the corporate VC arm of the eponymous Japanese advertising giant, has invested $3 million in US social robot start-up Jibo.
China robotics: Rise of the machines
China’s robotics start-ups are riding a wave of innovation and exploring many previously unexpected paths. As the scope of applications broadens, they need to keep up the pace
Hopu, YuanMing lead $200m investment in US cancer specialist - update
China-based Hopu Investments and YuanMing Capital have led a $200 million investment in US-based cancer treatment specialist Mevion Medical Systems.
Tsinghua Unigroup engineers Xueda Education re-listing in Shenzhen
Xueda Education Group, a Chinese tutoring services provider, has agreed to be privatized by Xiamen Insight Investment, a Shenzhen-listed shell company controlled by Tsinghua Unigroup, for approximately $368.8 million. Xueda will leave the New York Stock...