News
Australia's PE-owned Byron Group enters administration
Byron Group, an Australia-based manufacturer of emergency services transport vehicles and related equipment owned by Wolseley Private Equity, has been placed into administration.
Carlyle finds new buyer for Taiwan’s EBC
Taiwan Optical Platform, a local telecommunication services provider, plans to acquire a majority stake in Eastern Broadcasting (EBC), a leading TV station in Taiwan controlled by The Carlyle Group, for NT$11.12 billion ($351 million).
PAG backs restaurant chain Paradise Group
PAG Asia Capital has agreed to invest in Paradise Group Holdings, a Southeast Asia-based restaurant chain with over a dozen brands and more than 60 outlets.
PE-backed ZTO Express seeks up to $1.3b in US IPO
ZTO Express, a China logistics operator backed by investors including Warburg Pincus and Sequoia Capital, has set a target of up to $1.33 billion for its US IPO.
VC-backed FirstCry buys rival Babyoye
VC-backed Indian baby and child-focused retailer FirstCry.com has acquired rival children's store chain and e-commerce outlet Babyoye.
Indian news app Dailyhunt raises $25m
Indian online news aggregator Dailyhunt has raised a $25 million Series D round led by ByteDance, a Chinese VC-backed online content provider.
Brookfield to pay $1.6b in Indian cell tower deal
Brookfield Asset Management has agreed to buy the telecom towers assets of Reliance Communications for INR110 billion ($1.6 billion).
PE-backed Gong Cha Korea to acquire global parent
Gong Cha Korea, the Unison Capital-backed franchise of the global bubble tea franchise Gong Cha, will take a controlling stake in the Taiwan-based parent company.
Nexus commits $7m Series A funding to India's Postman
Nexus Venture partners has committed $7 million in Series A funding to Indian software development tool creator Postman.
Hong Kong's AID Partners acquires YouTube partner network
Hong Kong-based private equity firm AID Partners has agreed to acquire a majority stake in Freedom! Network, a multi-channel network on YouTube, for HK$468.1 million ($60 million).
Hillhouse, Warburg, Tencent lead round for China’s Mobike
Shanghai-based bike rental service start-up Mobike has raised a Series C round of funding led by Hillhouse Capital, Warburg Pincus and Tencent Holdings.
China GPs see window of opportunity to work with corporates on outbound M&A - M&A Forum
China-focused GPs are cautious about partnering with Chinese corporates on outbound M&A deals, although there is increasing demand for their support in terms of identifying acquisition targets and facilitating post-investment integration.
Chinese corporates climbing learning curve on outbound deals - M&A Forum
Chinese corporates are becoming savvier in how they target overseas assets and engage in M&A activity, but preparation and sound advice are essential to deal execution and post-investment integration, industry participants told the China M&A Forum.
PE-backed Azure Power raises $61.4m in US IPO
Azure Power, an Indian solar panel company backed by several PE investors, has raised $61.4 million in its IPO on the New York Stock Exchange.
GM invests in VC-backed China car-sharing platform
General Motors has bought a stake in Chinese car-sharing company Yi Wei Xing, which is backed by Langmafeng Ventures and Fujian Huaxing Venture Capital.
Thai strategic buys stake in PE-backed US restaurant chain Red Lobster
Thailand-based seafood supplier Thai Union Group has invested $575 million in Red Lobster, a US-based seafood restaurant chain majority-owned by Golden Gate Private Equity.
China’s Baidu launches $3b technology fund
Chinese search giant Baidu has established a RMB20 billion ($3 billion) investment fund, called Baidu Capital, to target mid- and late-stage deals in the internet industry.
TPG-owned Ingham's targets up to $843m in Australia IPO
Ingham’s Enterprises, an Australian poultry producer owned by TPG Capital, is seeking to raise up to A$1.12 billion ($843 million) through a domestic IPO.
AVCJ Awards 2016 - Voting has closed
Voting for the 2016 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
Abacus, Gaw partner on Australia real estate fund
Hong Kong-based private equity real estate investor Gaw Capital Partners has partnered with Australia's Abacus Property Group on an Australia-focused real estate fund.
Morgan Stanley invests $46m in Thailand diaper maker DSG
Morgan Stanley Private Equity Asia (MSPEA) has invested THB1.6 billion ($45.6 million) in DSG International Thailand, a maker of baby and adult diapers.
China K12 education platform Xuele raises $200m Series C
Xueleyun, a Chinese education platform, has raised a $200 million Series C round led by China-based PE firm New Horizon Capital. Existing investors GSR Ventures and Huaxin Shiji Investment also participated in the round.
CLSA acquires Japanese BPO firm
CLSA Capital Partners has acquired Japanese business process outsourcing (BPO) company Outsourcing Investments (OSI).
China’s PE-backed Tongcheng merges with Wanda Tourism
Chinese conglomerate Dalian Wanda Group has spun out its travel-related assets and merged them with a subsidiary of Tongcheng Network Technology, a PE-backed online travel platform. The aim is to create China's largest online-to-offline (O2O) travel business.