USA
US listing costs tipped to create more China take-private opportunities
A new wave of take-private deals could be on the way as Chinese companies, frustrated with the cost of remaining listed in the US, consider uprooting and returning to their home country.
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.
PE-backed SSI to acquire Australia, New Zealand marketing firms
Survey Sampling International (SSI), a US-based market research company backed by Palo-Alto PE firm HGGC, will acquire online research panels MyOpinions, of Australia, and SmileCity Limited, of New Zealand.
Energy: A world beyond funds
A small but growing band of GPs are modifying the conventional PE fund model in favor of solutions that better meet their needs. For those with long-hold, asset-heavy strategies, the future may lie in platforms
Chinese consortium to buy US biotech firm Ambrx
A consortium of Chinese investors including Shanghai Fosun Pharmaceutical Group, Hopu Investments, CEL Healthcare Fund and WuXi PharmaTech will acquire Ambrx, a US-based biotech pharmaceutical developer.
China's Baozun gains on US debut after smaller-than-expected IPO
Chinese e-commerce platform solutions provider Baozun, which has several strategic and private equity backers, saw its stock gain 3.5% on its US trading debut following an IPO that priced below the indicative range.
US digital payment firm raises $28m for Asia expansion
US-based online payment system developer Ripple Labs is looking to expand in Asia on the back of a $28 million Series A round provided by investors including IDG Capital Partners and AME Cloud Ventures.
Tsinghua buys HP's China data-networking business – update
Tsinghua Holdings has agreed to buy a majority stake in Hewlett-Packard's (HP) China-based data-networking business for approximately $2.3 billion.
GGV closes $457m China top-up fund
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.
Korea's Posco, Green Cross lead round for US-based Juventas
South Korea-based Posco Capital and biopharmaceutical player Green Cross have led a $7.5 million round for Juventas Therapeutics, a clinical-stage biotech development company based in the US.
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
Singtel Innov8 leads Series B round for US big data start-up
Singtel Innov8, the early stage investor backed by Singapore telco Singtel, has led a $15 million Series B round for US big data start-up DataTorrent. GE Ventures, and the start-up's existing investors, also took part in the round.
China's Fosun to acquire remaining interest in Ironshore
China's Fosun International is seeking to fully acquire US insurer Ironshore, offering $1.8 billion for an 80% stake.
OPIC seeks fundraising proposals from emerging markets GPs
The Overseas Private Investment Corporation (OPIC), a development finance institution (DFI) backed by the US government, has issued a call for proposals from private equity fund managers raising funds for emerging markets.
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
Fosun, Tencent lead $35m round for US medical device start-up
China's Fosun International and Tencent Holdings have led a $35 million Series B round for Scanadu, a US-based medical technology start-up working on devices that can send diagnostic tests directly to smart phones.
Sprinklr raises Series A round to launch Japan unit
US-based social media management software developer Sprinklr has raised JPY1 billion ($8.4 million) in a Series A round to support its Japan branch, with participation by Recruit Holdings and Suneight.
China's Ninebot raises $80m, acquires Segway
Ninebot, a China-based electric scooter manufacturer, has bought its US-based rival Segway for an undisclosed sum and raised $80 million in Series A funding.
Accel, Recruit Holdings back Australia's 99designs
Australia-founded online design marketplace 99designs has raised $10 million in a Series B round led by Recruit Strategic Partners, with existing investor Accel Partners also participating.
China's Renren leads $70m round for US mortgage marketplace
Chinese social networking platform Renren has led a $70 million Series C round for US-based mortgage marketplace LendingHome, bringing the total raised by the company to $109.3 million.
Johnson & Johnson commits $15m to Vivo's healthcare fund
Johnson & Johnson Innovation (JJDC) - the venture capital arm of the eponymous healthcare and consumer goods multinational - has committed to $15 million to Vivo Capital's latest US and China-focused healthcare fund.
India's Premji and China's Tencent back US mobile OS start-up
Premji Invest, the family office of Wipro Enterprises chairman Azim Premji, led an $80 million Series C round for US mobile operating system developer Cyanogen.
Vivo boosts fund for cross-border play
Healthcare-focused Vivo Capital has attracted increasing attention from LPs for its hybrid focus on the US and China. As testament to this, its latest fund - Vivo Capital Fund VIII - closed at $750 million after nine months in the market, with demand...
PE-backed Asia-targeted remittance service raises $12.5m
Remitly, a US-based remittance service that targets Asian expatriates, has raised $12.5 million in a Series B funding round led by DFJ.