News
CDH invests $110m in Chinese energy tech player
CDH Investments has committed $110 million to Sunpower, a China-based and Singapore-listed company that designs and manufactures energy conservation equipment.
Fairfax India to raise $500m through public, private offerings
Fairfax India Holdings will raise $150 million though a public share sale and an additional $350 million though a private placement.
Cassia backs $40m investment in China retail
Cassia Investments has supported Japanese clothing maker Evisu Group's $40 million buy-back of its China retail and franchising rights.
VC-backed China photo app provider raises $629m in Hong Kong IPO
Meitu, a Chinese photo and community app provider driven by the selfie phenomenon, raised HK$4.88 billion ($629 million) in its Hong Kong IPO, securing liquidity events for several venture capital investors.
PE consortium bids $5.4b for Australia gaming business Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has submitted a buyout offer for Australian lottery operator Tatts Group that values the business at up to A$7.3 billion ($5.4 billion).
Warburg Pincus closes China fund at $2b hard cap
Warburg Pincus has closed its dedicated China fund – which will invest alongside the firm’s $13.4 billion global flagship vehicle in China deals – at the hard cap of $2 billion after about six months in the market.
H&Q brings insurers into $20m round for US-based One Inc
H&Q Asia Pacific has participated in a $20 million round of funding for its US-based portfolio company One Inc, a maker of software-as-a-service (SaaS) products for the insurance industry.
Mandarin expands European team
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has hired Inna Gehrt and Andrea Tuccio for its German and Italian offices, respectively.
Creador closes Fund III at $415m
Creador has reached a final close of $415 million on its third Southeast Asia and India-focused fund, short of the original $450 million target.
INCJ, Khazanah invest $600m in Malaysian telecom player
Innovation Network Corporation of Japan (INCJ) and Malaysian state-controlled fund Khazanah Nasional have agreed to invest a combined $600 million in Kuala Lumpur-based telecom infrastructure company Edotco.
Omidyar leads $10m Series B for India's Indifi
Omidyar Network has led a $10 million Series B round for Indian small business financial services provider Indifi.
India's Ofbusiness gets $11m round led by Zodius
Zodius Capital has led a INR750 million ($11.1 million) Series B round for Indian online marketplace Ofbusiness.
Bain Capital to acquire Camp Australia
Bain Capital Private Equity has agreed to buy Camp Australia, a nationwide provider of outside school hours care, for an undisclosed sum.
China Merchants unit commits $13m to AI fund
China Merchants China Direct Investments (CMCDI), a Hong Kong-listed investment entity managed by China Merchants Group and First Eastern Investment Group, has committed RMB90 million ($13 million) to a fund that will target internet and artificial intelligence...
Honda invests in Singapore's VC-backed Grab
Southeast Asia-focused ride-hailing app operator Grab has agreed to a strategic partnership with Honda that will include an investment from the car maker.
Japan's Global Brain targets $174m for sixth fund
Japanese venture capital firm Global Brain has launched its sixth fund, targeting JPY20 billion ($174 million), which will be deployed in domestic technology companies.
Three GPs chosen to manage Australia biomedical fund
OneVentures, Brandon Capital and BioScience Managers have been selected to manage the Australian government’s A$500 million ($375 million) Biomedical Translation Fund (BTF).
Samara to invest $25m in India's SMT
Samara Capital has agreed to invest up to $25 million for a significant stake in Indian medical device manufacturer Sahajanand Medical Technologies (SMT).
Two Korean strategics confirm bids for PE-owned Daesung
South Korean conglomerates Hyosung Corporation and SK Group have both entered the bidding for Daesung Industrial Gases, an industrial gas maker controlled by a Goldman Sachs-led consortium.
KKR, Temasek invest $266m in India's SBI Life
KKR and Temasek Holdings have agreed to invest INR18 billion ($266 million) for a 3.9% stake in SBI Life, the life insurance subsidiary of the State Bank of India (SBI).
Partners Group agrees $186m Australia wind farm deal
Partners Group has invested A$250 million ($186 million) into an Australian wind energy installation that aims to power 110,000 homes and offset 600,000 tonnes of carbon emissions per year.
Rocket Internet sells Foodpanda to Delivery Hero
Germany-based start-up developer Rocket Internet has sold its entire stake in emerging markets-focused food delivery app Foodpanda to the company's main global competitor, Delivery Hero.
Australia's GO1 raises $3m for global push
Australia-based education technology start-up GO1 has received a A$4 million ($3 million) round of funding from a group of domestic and US VCs for its expansion efforts in Asia, North America and Europe.
Warburg Pincus-backed D&J launches $1.5b China infrastructure fund
D&J Industrial Property, a China business park developer seeded by Warburg Pincus, has launched a RMB10 billion ($1.5 billion) fund with AVIC Trust that will invest in industrial infrastructure.