News >> Deals
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.
Bain to acquire Japan Wind Development for $80 million
Bain Capital Partners is set to acquire Japan Wind Development (JWD) - a leading Japanese wind farm developer - in a JPY9.7 billion ($80 million) take-private transaction.
Vertex to support parenting site's India expansion
Vertex Ventures, a VC subsidiary of Singapore's Temasek Holdings, has led a funding round for online parenting portal theAsianparent, bringing the total raised by the site to S$4.5 million ($3.3 million).
PE investors commit $96m to Indian microfinance player
A consortium of private equity firms, including CX Partners, CDC Group, NewQuest Capital Partners and Bajaj Holdings, have invested INR6 billion ($96.2 million) in Indian microfinance institution (MFI) Ujjivan Financial Services.
IFC proposes $20m investment in India's NxtGen Technology
The International Finance Corporation (IFC) is considering an investment of up to $20 million in Indian IT data center construction and management firm NxtGen Technology, in a deal that will involve both equity and debt.
Japan's Rakuten to acquire VC-backed US eBook firm
Japan's Rakuten will pay $410 million to acquire US-based digital book marketplace OverDrive from Insight Venture Partners, a US private equity and venture capital firm.
China’s Addor Capital to buy assets from travel site eLong
Addor Capital, a private equity firm owned by China’s Govtor Capital, has agreed to buy a subsidiary of US-listed online travel site eLong for RMB76.5 million ($12.2 million).
HK court upholds CVC asset freeze over South Beauty founder
A Hong Kong court has supported a move by CVC Capital Partners to freeze the assets of Lan Zhang, founder of Chinese restaurant chain South Beauty, which was bought by the private equity firm last year.
Chile's Grupo Arcano to invest $100m in Australian start-ups
Chilean private equity firm Grupo Arcano plans to invest up to $100 million over the next two years in Australian start-ups.
ChrysCapital invests $8.4m in South Indian Bank
ChrysCapital Partners has paid INR527.8 million (about $8.4 million) for a stake in listed lender South Indian Bank (SIB).
CDH invests in Southeast Asia equipment leasing business
CDH Investments has committed an undisclosed sum to Aver Asia Corporation, a Southeast Asia-based equipment leasing business. It is the latest in a clutch of deals the China-based GP has secured outside of its home market.
Taiwan incubator AppWorks raises $50m start-up fund
AppWorks, a Taiwanese incubator, has raised NT$1.5 billion ($50 million) for a new fund to support domestic internet start-ups.
INCJ invests in Japan laser manufacturer Spectronix
The government-backed Innovation Network Corporation of Japan (INCJ) has agreed to invest up to JPY500 million ($4.2 million) in laser manufacturer Spectronix.
Hahn & Co-backed Cowell e Holdings targets $153m offering
South Korea-focused GP Hahn & Co. is set to make a partial exit from electronics manufacturer Cowell e Holdings as the company seeks to raise up to HK$1.19 billion ($153 million) through its Hong Kong IPO.
VC-backed Snapdeal buys stake in logistics platform
Jasper Infotech, the VC-backed enterprise behind Indian online marketplace Snapdeal, has bought a 20% stake in QuickDel Logistics, operator of e-commerce logistics platform Gojavas.
Kedaara invests $32m in Indian packaging firm
Kedaara Capital has invested INR2 billion ($31.8 million) in India's Parkson Packaging - a maker of printing and laminated packaging cartons backed by ChrysCapital - in return for an undisclosed stake.
Creador commits $24m to Indonesia's Bank Index
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
China’s Sailing makes partial exit from Israel-based Mobileye
China’s Sailing Capital has raised $77.5 million by selling a portion of its shares in Mobileye, an Israel-based road accident avoidance technology developer that went public in the US in August last year.
HK’s Nest appoints ex-Intel executive to set up accelerator franchise
Hong Kong-based seed investor Nest has appointed Peter Dingle, formerly of Intel Corporation, to lead its newly-established Branded Accelerators program.
Elixir Capital backs Indonesian recycling firm
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
KKR joins $170m round for China used car trading platform
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
Australia's VentureCrowd partners with Sydney Angels
VentureCrowd - an Australian equity crowdfunding platform - has formed a partnership with angel investor group Sydney Angels in order to allow start-ups to tap new sources of capital.
India Value Fund commits $50m to taxi firm Meru
India Value Fund Advisors (IVFA) has injected a fresh $50 million in radio taxi service Meru Cab, and is understood to be in talks to invest an additional $100 million in the next two months.
China’s Cheetah Mobile buys VC-backed mobile ad network
Cheetah Mobile, a US-listed Chinese internet security software provider backed by Matrix Partners and Tencent Holdings, has purchased VC-backed mobile ad network MobPartner for $58 million.