News
Chinese GP accused of misusing SF Express project fund
Longstand Capital, a Chinese PE fund manager, has accused industry counterpart Beijing Dabai Huicai Investment Management of taking capital intended for investment in SF Express, China’s largest express delivery services provider, and putting it into...
China's CDH seeks $2.5b for sixth US dollar fund
CDH Investments is targeting $2.5 billion for its sixth US dollar-denominated China fund, in line with the $2.55 billion the firm raised for its previous flagship vehicle in 2014.
PE-backed Billabong gets $150m buyout offer
Australian surfwear brand Billabong International has received a A$198 million ($150 million) non-binding buyout offer from Boardriders, owner of the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
SBCVC leads $30m round for China healthcare AI firm
SBCVC has led a RMB200 million ($30 million) Series B round for 12 Sigma, a China-based biotechnology company that applies artificial intelligence (AI) technology to medical image diagnoses.
Australia's IFM opens Korea office
IFM Investors, an investment manager owned by 28 Australian superannuation funds, has opened an office in Seoul to service clients in South Korea.
Paragon part-exits India's Capacite for $14m
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
Coatue leads $177m round for Chinese comic book app
Kuaikan Comic, a mobile app that focuses on Chinese comic books, has raised a $177 million Series D round of funding led by Coatue Management.
KKR makes seven senior-level promotions in Asia - update
Diane Raposio, who leads KKR’s fundraising activities in Asia, and Jaka Prasetya, the firm’s Indonesia head, have both been promoted to partner level.
Bain to make full exit from Japan's Bellsystem24
Bain Capital Private Equity has agreed to make a full exit from Japan-based call center business Bellsystem24 by selling its remaining 14.43% stake to domestic printing company Toppan Printing.
GLP shareholders approve $11.5b PE-backed privatization
Shareholders have voted in favor of a S$15.9 billion ($11.5 billion) acquisition of Singapore-listed warehouse operator Global Logistic Properties (GLP) by a consortium that includes Hopu Investment and Hillhouse Capital.
Eight Roads launches $223m Japan fund
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has launched its second dedicated Japan fund with a corpus of JPY25 billion ($223 million). The firm’s parent committed all of the capital.
Indian regulator reviews SoftBank's Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
Sequoia China backs fixed income manager Income Partners
Sequoia Capital China has made a strategic investment in Income Partners, a Hong Kong-based emerging markets asset manager that specializes in fixed income funds.
Australia's Anchorage closes special situations fund at $266m
Anchorage Capital Partners has closed its third fund, which will make special situations and turnaround investments in Australia, New Zealand and Southeast Asia, at A$350 million ($266 million).
Japan's Nomura to launch private equity unit
Nomura is reviving its private equity business with a view to participating in the founder succession and corporate divestment opportunities that are attracting a lot of interest in Japan.
Legend leads $37.5m round for China's ALO7
Legend Capital has led a $37.5 million Series D round for ALO7 Network Technology, which develops English learning materials for Chinese K-12 students.
Ping An Capital invests $121m in Singapore's Fullerton Healthcare
Ping An Capital, an investment unit of China’s Ping An Insurance, has invested more than RMB800 million ($121 million) in Fullerton Healthcare Corporation, which provides healthcare services to more than 25,000 corporations in Asia.
Gaja backs Indian lifestyle brand Chumbak Design
Gaja Capital has led a INR850 million ($13.2 million) funding round for Indian consumer products company Chumbak Design.
Warburg Pincus backs Chinese car park operator
Warburg Pincus has led a RMB1.5 billion ($227 million) round of funding for Sunsea Parking Industry Group, a Chinese car park management company. Furniture retailer Red Star Macalline - a Warburg Pincus portfolio company - also participated.
IFC proposes $74m investment in India's Cholamandalam
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a INR4.8 billion ($74 million) investment in Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance.
SDIC, AstraZeneca agree China pharma JV
SDIC Fund Management, a GP under China’s State Development & Investment Corporation (SDIC), and AstraZeneca have formed a China-based joint venture that will develop and commercialize new medicines.
India's Edelweiss raises $270m pre-IPO fund
Edelweiss Financial Services has raised a new fund to invest in pre-IPO funding rounds for Indian companies, with a corpus of INR17.5 billion ($271 million).
China truck logistics players Huochebang, Yunmanman agree merger
Rival Chinese online truck logistics platforms Huochebang and Yunmanman – both of which have received substantial private equity and venture funding – have agreed to merge.