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Wholesale website Lightinthebox gets $35 million from VC backers
VC firms TBP Capital, Ceyuan Ventures and GSR Ventures have injected $35 million into Chinese online wholesaler Lightinthebox, the company’s CEO Quji Guo has announced.
China Private Equity takes 40% of China iEducation
China Private Equity Investments Holdings (CPE) has taken a 40% stake in digital content provider China iEducation Group for $2 million – capital that will be used to restructure China iEducation’s operations and fund its expansion aspirations.
PE-invested Krispy Kreme Australia sees restructuring after financial setbacks
Doughnut market leader Krispy Kreme’s poor financial performance in Australia, where it is invested by Souls Private Equity, has prompted a month-long management restructuring process aimed at jumpstarting the retailer’s profits.
New Robeco cleantech f-o-f seeks emerging Asia propositions
Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing...
BlackBerry Partners fund plans to raise $150 million to invest BRIC mobile opportunities
BlackBerry Partners Fund, a VC firm backed by Research In Motion Ltd., Thomson Reuters, Royal Bank of Canada and other major investors, reportedly plans to raise at least $150 million for a new vehicle to make investments in mobile-phone software companies...
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
Capital Dynamics hires former AIC CEO Kobayashi as MD to head new Tokyo office
Capital Dynamics, the Switzerland-based alternative investment group, has appointed Kazushige Kobayashi, previously president and CEO of Japan's Alternative Investment Capital (AIC), engaged in funds-of-funds, as an MD to head its new Tokyo office.
China waste energy company's global new energy fund raises $100 million
A global new energy fund established by a group of investors including Chen Zefeng, chairman of PRC waste management and waste power company ZhongDe Waste Technology AG, has succeeded in raising $100 million, according to Wang Jiuhua, executive director...
Abraaj Capital launches independent MENASA hedge fund
Middle Eastern PE major Abraaj Capital has launched an independent hedge fund business focused on public securities across the Middle East, North Africa and South Asia (MENASA).
European Union agrees private equity/hedge fund legislation
The European Parliament and European Union member states have finally agreed upon new EU regulations for private equity firms and hedge funds operating inside the EU.
Japan's Mizuho Bank to form SME-focused fund by year end
Mizuho Bank, Japan’s third largest lender, will form an SME-focused private equity fund by the end of this year with a initial size of around JPY10 billion ($122 million).
Australia's ATO says will clarify tax issues after TPG Myer debacle
The Australian Taxation Office is due to issue its final determination on taxation of private equity profits, following the incident last year when the office launched a last-minute pursuit of TPG Capital over some $625 million of claimed unpaid tax and...
SGX, ASX agree Asia's first ever stock market merger
The Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX) have agreed to Asia Pacific's first-ever merger of stock exchanges, with a friendly takeover offer from SGX that values ASX at A$8.4 billion ($8.2 billion).
Silver Lake does first China cleantech deal with Nobao Renewable Energy
Tech-focused PE firm Silver Lake has made its first foray into China’s cleantech sector, investing in Shanghai-based Nobao Renewable Energy Holdings for an undisclosed amount.
CIC benefits as AIA HK IPO prices high
China Investment Corporation (CIC) stands to benefit as a key investor as insurer AIA, the Asian arm of troubled American International Group (AIG), priced at the top of its range, valuing the company at some $30.5 billion, amid heavy investor demand.
MSPE Sihuan Pharma IPO looks to strong healthcare exit
Morgan Stanley Private Equity investee Sihuan Pharmaceutical is on track to raise $741 million, potentially rising to $850 million if a greenshoe option is exercised, after pricing its IPO high at 26.7x next year's earnings, in the world's second largest...
Temasek divests 9.6% stake in Hana Financial Group
Singaporean SWF Temasek Holdings has fully exited its 9.6% stake in Korean banking major Hana Financial Group for $607 million on the public market, at an approximate 3.5% discount to Hana’s last closing price.
Japan's SBI to form joint RMB/USD funds with China's Fudan University
Japanese financial conglomerate SBI Holdings is to launch two venture capital funds in cooperation with Fudan University in Shanghai, China.
Korea Advanced Materials Fund raises $36 million from venture investors
Korea Advanced Materials Fund has received $35.9 million from international chemicals group Solvay, Korea Venture Investment Corp (KVIC) and AJU IB Investment, a Korean VC company formerly known as Kibo Technology.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
Wen out of New Horizon as Sihuan Pharma pre-IPO deal nixed
Leading Chinese PE firm New Horizon has confirmed that its co-founder Winston Wen Yunsong, son of PRC Premier Wen Jiabao, left the company at an unspecified date and has been working since last year for an arm of China Aerospace Science & Technology Corp.,...
New York Pacific Capital launches Suzhou RMB fund
New York Pacific Capital, the New York- and Beijing-based China-focused US merchant banking player, has announced a new RMB fund targeting RMB 300 million ($45.1 million), with investments to be focused on the greater Suzhou region of eastern China.
CIC opens in Hong Kong
PRC SWF the China Investment Corporation (CIC) is setting up an office in Hong Kong, its first formal business operation outside the Mainland, and has engaged Laurence Lau, former Vice-Chancellor of The Chinese University of Hong Kong (CUHK) and former...
Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.