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PE-backed Australian fashion retailer enters administration
Bleach Group, the Australian parent of fashion brands Insight, Something Else and Ksubi, has been placed into voluntary administration. The company received growth capital investment from US-based Breakwater Investment Management in late 2012.
Korea launches fund class to support overseas contractors
South Korea plans to launch specialist private equity funds as a means of encouraging financial institutions to support local firms competing for overseas construction contracts. The government hopes that $8.6 billion can be raised through these funds...
JAFCO invests $3m in Japan online laundry service
JAFCO Ventures has invested JPY300 million ($3 million) in White Plus, the Japanese start-up behind Lenet, an online laundry delivery service.
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year.
Fuji Startup Ventures backs Japanese classifieds site
Fuji Startup Ventures (FSV), the VC investment arm of Japanese national TV network Fuji Terebi, has invested JPY50 million ($500,000) in classifieds website JMTY.com - pronounced "Jimoti."
American Capital exits Miami flight school to Japan's ANA for $79m
American Capital has exited its majority stake in the Miami-based Pan Am International Flight Academy to Japan's All Nippon Airways (ANA) for $79 million, claiming a compound annual rate of return of 16% over the lifetime of the investment.
Australia announces new $225m biotech venture capital fund
The Australian government will contribute A$125 million ($112.6 million) to the A$250 million Medical Research Innovation Fund (MRIF), with the private sector to make up the other half.
SAIF Partners, Telescope hold first close on China retail growth fund
SAIF Partners and China Telescope Investments have reached a first close of RMB300 million ($49 million) on their China retail growth fund. The vehicle - Telescope Consumer Growth Fund I – will support the development of retail and consumer products,...
INCJ leads $11m investment in Japan blood biotech venture
The Innovation Network Corporation of Japan (INCJ) has led a JPY1.16 billion ($11.7 million) investment in Megakaryon Corp, which is developing technology to produce blood platelets using reprogrammed stem cells.
China-focused BVCF leads $25m round for MicuRx Pharma
BVCF, a China-focused private equity growth fund specializing in life sciences, has a led a $25 million Series B round for MicuRX Paharmaceuticals, a biopaharma firm developing next generation antibiotics. The round also includes existing backers Morningside...
CPE backs Adamas China credit fund, first close expected by end of August
China Private Equity Investment Holdings (CPE) is to invest $1 million in Adamas Asset Management's $275 million Greater China Credit Fund. The vehicle has received commitments from around 35 LPs and is on course to reach a first close of $78 million...
Nippon Venture Capital invests $1.7m in internet start-up Volare
Nippon Venture Capital has invested JPY170 million ($1.7 million) in Japanese web solutions start-up Volare.
China’s Jiuding to launch mezzanine fund
China’s Kunwu Jiuding Capital plans to raise a renminbi-denominated mezzanine fund to provide local companies with debt solutions where pure equity is not appropriate.
NDRC stops registering domestic private equity funds
The National Development and Regulatory Commission (NDRC) is said to have stopped registering for domestic private equity funds, having lost out to the China Securities Regulatory Commission (CSRC) in the battle to become the asset class' preeminent regulator.
Aavishkaar backs Indian ATM outsourcing company EPS
Indian VC firm Aavishkaar has invested another $6 million in Electronic Payments and Services (EPS), after putting $4 million in the company last year.
Advantage to acquire Japan massage salon chain Riraku
Advantage Partners has agreed to buy Japanese massage salon chain Riraku for an undisclosed sum. The mid-market buyout firm is acquiring the business from the founder and CEO and other shareholders.
Blackstone offers $322m for property developer Tysan
The Blackstone Group has offered to buy Hong Kong-listed real estate developer Tysan Holdings for approximately HK$2.5 billion ($322.5 million)
CITIC Capital RMB fund backs China’s SF Express
A consortium comprising CITIC Capital, Suzhou-based Oriza Holdings and China Merchants Group has bought a 25% stake in China’s SF Express, a Shenzhen-headquartered express delivery services provider. Financial details were not disclosed.
CyberAgent, Gree, GMO invest in Japan’s Kaizen platform
CyberAgent Ventures, Gree Ventures and GMO Venture Partners have together invested $800,000 in Kaizen platform, the Japanese start-up behind website service planBCD.
Australia’s Starfish Ventures scales back team
Malcolm Thornton and Nick Peace are set to leave Australian VC firm Starfish Ventures, having converted from investment directors to venture partners. They will continue to work with existing portfolio companies until exit at which point the two are expected...
Japan's Alt Plus buys stake in VC-backed Korean mobile game developer
Japanese mobile game developer Alt Plus, has acquired a 10% stake in Emagine, a Korean mobile game start-up backed by Lead Capital Management and Ant Capital Partners. Financial details of the transaction were not disclosed.
Sequoia raises $370m for China VC fund
Sequoia Capital has raised $370 million for its latest China-focused venture capital fund.
China's NetEase Capital invests in S-Game Series A round
China’s NetEase Capital has invested in a Series A round of funding for S-Game, a Chinese gaming developer, also known as Beijing Lingyoufang Network Technology. Details of the investment were not disclosed but it reportedly amounts to several million...
Japan's Globis invests $4.2m in news aggregator
Globis Capital Partners has invested JPY420 million ($4.29 million) in Tokyo-based Gocro, the start-up behind news aggregation app SmartNews.