News
NSR completes exit from India's VRL
New Silk Route (NSR) has exited its remaining stake in Indian logistics firm VRL Logistics.
VCs invest $44m in China mobile app developer DotC United
DotC United, a Hong Kong-based mobile app publisher, has raised a RMB300 million ($44 million) Series A round of funding from several Chinese VC investors, including Banyan Capital and Chengwei Capital.
Bain, Goldman Sachs to acquire Korea’s Carver
Bain Capital Private Equity and Goldman Sachs have agreed to acquire a majority position in Carver Korea, a specialist cosmetics supplier.
GPs must be prepared to listen when pitching family offices - AVCJ Forum
Private equity firms must take the time to understand their audience when pitching funds to family offices, leading industry practitioners told the AVCJ USA Forum.
Fairfax buys India's Privi Organics for $55m
Fairfax India, the India unit of Canada-based Fairfax Financial Holdings, has agreed to buy Mumbai-based aroma chemicals maker Privi Organics for INR3.7 billion ($55 million).
Nalanda part exits India's Carborundum Universal
Nalanda Capital has sold shares worth INR4.4 billion ($65.1 million) in Indian industrial materials company Carborundum Universal.
Tiger to sell Caratlane for $53m
Tiger Global Management will sell its stake in online jewelry retailer Caratlane for INR3.6 billion ($53 million) to jeweler and watchmaker Titan.
India’s VC-backed Yatra Online agrees backdoor US listing
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Legend Capital leads $14m round for China’s Udesk
Legend Capital has led a RMB100 million ($14 million) Series B round of funding for Udesk, a China-based customer service outsourcing business.
GIC backs South Korea's Hyundai Logistics
Singapore’s GIC Private has invested in a real estate fund that acquired the Hyundai Logistics Distribution Center in South Korea.
Asia more attractive due to Western dysfunction - AVCJ Forum
The Asia opportunity for private equity has become all the more compelling for the political uncertainty blighting Western markets, investors told the AVCJ USA Forum.
Mekong invests $6.9m in Vietnam's Wrap & Roll
Mekong Capital has invested $6.9 million in Wrap & Roll, a Vietnamese cuisine restaurant operator aiming to expand internationally.
Creador invests $18m in India's Corona Remedies
Creador has committed INR1.2 billion ($17.6 million) to India-based pharmaceutical developer Corona Remedies.
Chinese investors in $181m round for US-based Unity
Unity Technologies, a US-based video game engine maker, has closed a $181 million Series C round of funding led by DFJ Growth, with participation from China Investment Corporation (CIC) and Chinese early-stage investor FreeS Fund.
Brookfield closes $14b global infrastructure fund
Canada’s Brookfield Asset Management has achieved a final close of $14 billion for a global infrastructure fund, exceeding the vehicle’s original target corpus of $10 billion.
DCM leads $10m round for China big data specialist
DCM Ventures has led a $10 million round for SequoiaDB, a Chinese big data software developer, followed by existing investor Qiming Venture Partners.
KKR commits $78m to India's Kwality
KKR has agreed to invest INR5.2 bilion ($77.7 million) in Indian dairy products provider Kwality in a structured finance transaction.
IDG Capital Partners closes $1b China VC fund
IDG Capital Partners has closed its latest China-focused venture capital fund at $1 billion, in partnership with Silicon Valley-based Breyer Capital.
BOV Capital launches $14.9m Sri Lanka VC fund
Sri Lanka and Singapore-based venture firm BOV Capital has launched its maiden INR1 billion ($14.9 million) vehicle, with a mandate to invest in early-stage Sri Lankan technology companies.
CX Partners, Capital Square to exit India's Minacs to US strategic
CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.
Japan’s J-Star promotes two to partner
Japanese GP J-Star has promoted Yuki Kashiyama, an investment professional in the operating team, and Tomoko Ando, who works in the administration team, to partners.
Terra Firma to exit Odeon & UCI Cinemas to Wanda's AMC
UK private equity firm Terra Firma will exit Odeon & UCI Cinemas for GBP921 million ($1.2 billion) to AMC Entertainment, a US-listed cinema chain operator owned by Chinese conglomerate Dalian Wanda Group.
IDFC Bank to buy India's VC-backed Grama Vidiyal
IDFC Bank, a division of Indian infrastructure lender IDFC, has agreed to buy non-banking finance company (NBFC) Grama Vidiyal Micro Finance, providing an exit for its VC backers.
CLSA exits Japanese used car auction operator
CLSA Capital Partners, the alternative asset management arm of Hong Kong-headquartered brokerage and investment group CLSA, has fully exited its stake in Japanese used car auction operator Mirive.