News
IFC to commit $40m to India's Repco
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit up to INR2.7 billion ($40 million) to Indian home finance-focused non-banking financial company (NBFC) Repco Home Finance.
AID in $13m round for Japan home rental site
AID Partners and Cool Japan Fund have contributed to a JPY1.4 billion ($13 million) round for Japan’s Hyakusenrenma, an online vacation rentals platform.
IFC leads $60m round for India's Lenskart
The International Finance Corporation (IFC) has led a INR4 billion ($60 million) Series D round of funding for Indian online eyewear retailer Lenskart.
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the offering...
India's Mobikwik raises $50m in Series C funding
India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
India's IL&FS pushes back deadline on latest fund
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has pushed back the deadline on its growth fund, with final close now expected in the first half of 2016.
Hamilton Lane appoints three managing directors in Asia
Hamilton Lane has promoted three Asia-based professionals – Tomoko Kitao, Mingchen Xia (pictured) and Josh Jacob – to managing director.
China electric car maker Chehejia raises $120m
Chehejia, a Chinese manufacturer of smart electric vehicles, has raised RMB780 million ($120 million) in a Series A round of funding from eight Chinese individual and financial investors.
Singapore's TIH buys $46m portfolio from Temasek unit
Singapore-listed private equity firm TIH has purchased a majority stake in a resources and healthcare-focused portfolio from a unit of Temasek Holdings for S$62 million ($45.8 million).
PE-backed Parag gets $52m anchor commitment for IPO
Parag Milk Foods has advanced its Indian IPO by attracting INR3.4 billion ($51.5 million) from anchor investors, including Asia-focused US private equity firm Indus Capital.
China regulator to tighten rules on domestic PE fundraising
The China Securities Regulatory Commission (CSRC) will take further steps to regulate the domestic private fund industry in response to an acceleration in illegal fundraising activities.
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
CDIB Capital invests $45m in China's Best Logistics
CDIB Capital has committed $45 million to Best Logistics Technologies, a China-based IT-driven integrated logistics and supply chain management business part-owned by Alibaba Group.
BlackRock eyes Asia with $630m global buyout fund
BlackRock has raised more than $630 million for a direct co-investment buyout fund aimed in part at investments in emerging Asian markets.
Mayfield raises $525m across two global funds
US-based venture capital firm Mayfield has raised $525 million in capital across two global investment funds.
Indian GP Samara recruits partner from Levi Strauss
Samara Capital has named Sanjay Purohit, the managing director for India at global clothing manufacturer Levi Strauss, as a partner.
LPs slow new commitments to emerging markets PE - survey
Investor sentiment on emerging markets private equity appears to be weakening, with 40% of respondents in EMPEA’s global limited partners survey planning to increase commitments to fund managers in 2016, down from 46% last year.
Hong Kong Monetary Authority doubles alternatives commitments in 2015
The Hong Kong Monetary Authority (HKMA) made new or approved private equity and real estate commitments of $9.7 billion in 2015, double the previous year’s allocation.
China online grocer Miss Fresh raises a further $36m
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
Tsinghua Unigroup withdraws offer to acquire Taiwan's SPIL
Chinese state-backed Tsinghua Unigroup has withdrawn its NT$56.8 billion ($1.7 billion) offer to acquire a stake in Silicon Precision Industries (SPIL), a Taiwanese semiconductor testing and packaging company.
AVCJ daily bulletin returns May 3
AVCJ's daily bulletin will not be published on Monday May 2 due to the Labor Day public holiday in Hong Kong.
Chinese chemicals maker buys Tommee Tippee owner from 3i
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.
India's Religare sells stake in Landmark Partners
Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
Indonesia's Nida Rooms raises $4.2m
Convergence Ventures and CyberAgent Ventures have led a $4.2 million pre-Series A round for Indonesian hotel reservation service provider Nida Rooms.