News
Advent buys China mattress maker from CITIC Capital
Advent International has acquired a majority stake in Chinese mattress maker King Koil Shanghai Sleep System from CITIC Capital Partners for an undisclosed sum.
J-Star owned insurer makes bolt-on acquisition
J-Star will take control of Japanese insurance provider Hunel FEA through a bolt-on acquisition by existing portfolio company Nihon Hoken Service.
COFCO Meat completes $252m Hong Kong IPO
COFCO Meat, a subsidiary of Chinese agricultural conglomerate COFCO Group that received backing from four private equity firms in 2014, has raised HK$1.95 billion ($252 million) in its Hong Kong IPO, after pricing the offering at bottom of the indicative...
VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
Australia's Future Fund emphasizes VC, growth equity
Private equity – and in particular venture capital and growth equity – is “more important now than it has ever been” to Future Fund’s overall portfolio, the Australian sovereign wealth fund said in its annual report.
Abraaj to exit Pakistani utility to Shanghai Electric for $1.77b
The Abraaj Group has agreed to sell a 66.4% stake in Pakistani utility K-Electric to Shanghai Electric Power (SEP), a subsidiary of China's State Power Investment Corporation, for $1.77 billion.
J-Star acquires Japan’s Asiro
J-Star has acquired Japan’s Asiro, an online marketing platform provider for lawyers, for an undisclosed sum.
Jungle leads $11m Series A for Thailand's Pomelo
Jungle Ventures has led an $11 million Series A round of funding for Thailand-based online fashion retailer Pomelo.
Ironbridge-owned Bravura files for $113m Australia IPO
Australia-based financial services administrator Bravura Solutions is looking to raise A$148 million ($113 million) through a domestic IPO – three years after its PE owner Ironbridge Capital privatized the business in a deal worth A$173 million (then...
Acushnet gains on debut after lowering IPO price
Korea's PE-backed Acushnet Holdings, which owns the Titleist and FootJoy golf brands, saw its shares jump 5.9% in the first day of trading on the New York Stock Exchange following a smaller-than-expected $328.7 million IPO.
STIC raises $530m for Korea special situations fund
STIC Investments has raised $530 million for a special situations fund that will target restructuring opportunities involving South Korean conglomerates.
ADIA to open Hong Kong office
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the government of Abu Dhabi, has announced plans to open an office in Hong Kong.
Ropes & Gray adds partner to Asia private funds practice
Vincent Ip, a Hong Kong-based partner with Ropes & Gray’s private investment funds group, has been promoted to partner.
CDH realizes $806m through part-exit from WH Group
CDH Investments has made another partial exit from Chinese pork producer WH Group, selling an approximately 6.83% stake for HK$6.25 billion ($806 million).
IFC proposes $100m commitment to Actis energy fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $100 million investment in Actis Capital's latest emerging markets energy fund.
China smart home device maker Orvibo raises $16m
Orvibo, a Shenzhen-based smart home device maker, has secured a RMB110 million ($16 million) Series B round of funding led by A-share listed electronics manufacturer Topband.
India's Ather Energy raises $31m for electric motorcycles
Indian motorcycle giant Hero MotoCorp will invest about INR2 billion ($31 million) in domestic VC-backed electric vehicle (EV) start-up Ather Energy.
Japanese strategic buys Mactac from Platinum Equity
Japanese adhesives producer Lintec Corporation has agreed to buy US-headquartered labels manufacturer Mactac from Platinum Equity for $375 million.
NZVIF, Enterprise Angels to invest $14m in NZ start-ups
The New Zealand Venture Investment Fund (NZVIF), a government-sponsored fund-of-funds, and domestic investor Enterprise Angels plan to commit about NZ$20 million ($14.3 million) to local start-ups over the next four years.
Sequoia leads $6m round for India's KredX
Sequoia Capital India has led a $6.3 million Series A round for Indian online financing marketplace KredX.
PE-backed ZTO Express raises $1.4b in US IPO
Private equity-backed Chinese logistics operator ZTO Express has raised $1.4 billion in its New York Stock Exchange IPO after pricing its shares above the indicative range. It is the largest US float by a Chinese company since Alibaba Group in 2014.
Partners For Growth commits $15m to Yello Mobile's marketing unit
Yello Digital Marketing (YDM), the digital marketing unit of South Korean mobile internet company Yello Mobile, has received $15 million in funding from Partners For Growth (PFG), the PE arm of SVB Financial Group.
BlueRun closes $500m China early-stage VC fund
BlueRun Ventures has closed its latest China-focused fund - comprising US dollar and renminbi-denominated tranches - with more than $500 million in aggregate commitments.
Actis renewables platform to buy India solar asset
Ostro Energy, an Indian renewable energy platform backed by Actis Capital, has agreed to buy a solar power project owned by Suzlon Energy.