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FountainVest, CMC buy 20% stake in IMAX China
FountainVest Partners and CMC Capital Partners have paid $80 million for a 20% stake in movie theater operator IMAX’s China business, with an objective to grow the business and ultimately take it public.
PE-backed Digital Horizon to list via reverse merger
Beijing Digital Horizon Technology, a Chinese mobile social networking service (SNS) provider backed by Infinity Group and other VC investors, intends to list on the Shenzhen Stock Exchange through a reverse merger with Hangzhou New Century Information...
Gaw Capital acquires Beijing's Pacific Century Place
Gaw Capital has agreed to acquire Pacific Century Place, a Beijing residential and commercial complex, from Premium Century Premium Development - the real estate unit of Hong Kong's PCCW - for $928 million.
India's Ineda Systems raises $17m Series B round
Ineda Systems, a US and India-based developer of chip components targeting the wearable and internet of things (IoT) segment, has raised a $17 million round of Series B funding led by Walden-Riverwood Ventures.
Mekong, CDH set for partial exits from Vietnam's Mobile World
Mekong Capital and CDH Investments will make partial exits from Mobile World, Vietnam’s largest mobile phone retailer, when the company lists on the Ho Chi Minh exchange in June with an expected valuation of up to $280 million.
Vertex leads round for Southeast Asia taxi-booking app
Vertex Ventures, a unit of Temasek Holdings, has led a round of funding for GrabTaxi, a taxi booking app set up in Malaysia that is looking to continue its expansion into other Southeast Asian markets.
Japan Industrial Partners exits Yutaka Electric
Japan Industrial Partners (JIP) has exited electrical component manufacturer Yutaka Electric to GlassOne, a manufacturer of touch screen panels for tablets and smart phones.
Taiwan's Hon Hai in talks to buy MBK-owned cable TV network – report
Hon Hai Precision Industry, a Taiwanese electronics manufacturer best known as Foxconn, is said to be in talks with MBK Partners to buy China Network Systems (CNS).
L Capital Asia invests in Italian footwear maker
L Capital Asia has acquired a minority stake in Italian high-end footwear manufacturer Vicini, working in partnership with L Capital Management, another PE firm supported by luxury goods conglomerate LVMH.
Partial exits for IDG, Jafco as China’s Tarena completes $137m IPO
IDG Capital Partners and Jafco have made partial exits from Tarena International after the Chinese IT training services provider raised $137.7 million through a NASDAQ IPO.
VC-backed Chinese package tour platform files for US IPO
Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, is seeking to raise up to $120 million through a US IPO.
India Infoline buys majority stake in PE firm India Alternatives
IIFL Wealth Management, a listed unit of India Infoline (IIFL) Group which is in turn backed by The Carlyle Group, has acquired a majority stake in PE firm India Alternatives Investment Advisors.
China online music provider Kuke secures Milestone support
China-focused Milestone Capital has committed a Series A round of funding to Kuke.com, an online music supplier.
SAIF-backed Indian retail platform HomeShop18 files for US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has filed to go public on the New York Stock Exchange.
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Tata Opportunities Fund commits $50m to Varroc Engineering
Tata Opportunities Fund has invested INR3 billion ($30 million) in Varroc Engineering, an Indian auto component manufacturer owned by Varroc Group.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
MSPEA makes another partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) has made another partial exit from Hong Kong-listed Sihuan Pharmaceuticals, generating up to HK$1.12 billion ($145 million) through a block trade.
CDC invests $28m in India's Ratnakar Bank
CDC Group has paid $28 million for a 4.8% stake in India’s Ratnakar Bank, which specializes in lending to small businesses. The bank has been seeking to raise around $60 million ahead of an IPO.
IFC to invest $85m in PepsiCo's India bottler
International Finance Corporation (IFC) is investing $85 million in Varun Beverages, the largest South Asian bottler for soft drinks giant PepsiCo.
Everstone invests $16m in India fashion house
Everstone Capital has invested INR1 billion ($16.6 million) in Indian fashion label RituKumar in return for an undisclosed minority stake.
KKR, Affinity complete Oriental Brewery exit
KKR and Affinity Equity Partners have completed their exit of Korea's Oriental Brewery (OB) to previous owner Anheuser-Busch InBev (AB InBev) for $5.8 billion.
KKR completes Panasonic Healthcare deal, eyes bolt-ons
KKR has completed the acquisition of an 80% stake in Panasonic Healthcare, its biggest buyout in Japan to date. According to a source familiar with the situation, operations unit KKR Capstone is already working with the company and a number of bolt-on...
Wolfensohn part exits India's Repco
Wolfensohn Capital has made a partial exit from India Repco Home Finance, a little over a year after it first invested in the company.