News
Singapore’s Paktor raises $10m for Japan, Korea expansion
Paktor, a Southeast Asia-focused mobile dating app, has raised $10 million in a new round of funding led by Japan’s YJ Capital, the corporate venture arm of Yahoo Japan.
Carlyle to exit China’s Concord Medical via founder-led privatization
The Carlyle Group is set to make a full exit from Concord Medical Services, a US-listed Chinese radiotherapy and diagnostic imaging center operator, in a take-private transaction initiated by the company’s chairman and CEO.
Greenstone acquires 20% stake in Australia's Metro Mining
Commodities-focused private equity firm Greenstone Resources has paid A$8.9 million ($6.7 million) for about a 20% stake in Australian coal and bauxite project developer Metro Mining.
Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
Actis-backed Endurance Technologies files for India IPO
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.
IIFL, Accion lead round for Indian fintech startup NeoGrowth
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
Singapore’s Hera backs social media content publisher
Singapore private equity firm Hera Capital has made an undisclosed equity investment in My Social Book, a company that publishes personalized hardback scrapbooks, diaries and photo albums based on customers’ timestamped social media resources.
Japan's SmartNews secures $38m Series D
Tokyo-based news discovery app SmartNews has raised $38 million in a Series D round led by Development Bank of Japan.
CVC backs $1.1b Nirvana Asia take-private
CVC Capital Partners has offered to buy out Hong Kong-listed Nirvana Asia, Asia’s largest funeral services firm, in a cash and stock swap deal worth $1.1 billion.
Advent makes two investments in Australia
Australia’s Advent Private Capital has made investments in two separate domestic social services companies on the back of two exits.
Everbright mezzanine fund backs western China education player
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
Singapore's Aslan Pharma raises $23m pre-IPO round
Singapore-based biotech company Aslan Pharmaceuticals has raised $23 million in a pre-IPO financing round that attracted participation from a range of new investors, including a number of Taiwanese groups.
China's VC-backed Qufenqi raises $490m pre-IPO round
Qufenqi, a Chinese retailer that allows online buyers to pay in installments for consumer electronics purchases, has raised approximately RMB3 billion ($490 million) in pre-IPO financing.
Singapore's Temasek sees portfolio decline due to market volatility
Temasek Holdings saw the biggest single-year drop in the value of its investment portfolio since the aftermath of the global financial crisis, with S$242 billion ($179 million) in assets for the 12 months ended March 2016 compared to a record high of...
PE-backed Linglong Tyre raises $388m in Shanghai IPO
Shandong Linglong Tyre, a leading Chinese tire manufacturer backed by Legend Capital and Hony Capital, has raised RMB2.6 billion ($388 million) in a Shanghai IPO.
Gopher, Perfect World launch $300m China media M&A fund
Gopher Asset Management, the PE arm of Noah Holdings, has teamed up with Chinese movies-to-gaming company Perfect World to launch a media and culture M&A fund that has a target of RMB2 billion ($300 million).
Farallon raises $1.1b for Asia, Latin America special situations fund
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
India's Carlyle-backed PNB Housing Finance files for IPO
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjap National Bank that is backed by The Carlyle Group, has filed for a INR25 billion ($370 million) IPO.
Partners Group to open office in Manila
Switzerland-based global private markets investment manager Partners Group will open an office in Manila as part of its Asia expansion.
Australia's Alchemy Ventures launches $150m fund
Australian venture capital firm Alchemy Ventures has launched a A$200 million ($150.3 million) fund that will focus largely on regional start-ups specializing in electric vehicle (EV) batteries.
CMC reaches $350m first close on China media fund
CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), has reached a first close of just over $350 million on its second US dollar-denominated fund.
Yorkway invests in Australia's One Investment
Yorkway Capital Partners has entered a strategic partnership with Australian corporate fiduciary services provider One Investment Group and has made an investment in the company.
Alibaba acquires VC-backed Chinese app platform Wandoujia
Alibaba Group has bought China-based Android mobile app platform Wandoujia - which has several VC and PE investors, including DCM Ventures and Goldman Sachs - for an undisclosed sum.
Quadria buys into India's Concord Biotech
Quadria Capital has led a consortium including US-based investment firms Rising Tide and Neuberger Berman to take a stake in India’s Concord Biotech.