News
Japan Post targets higher-yield assets
The new CEO of Japan Post Holdings has underlined his commitment to targeting riskier asset classes, including private equity and direct M&A opportunities. This comes as several local insurers are branching out into higher-return investments overseas...
Matrix co-founder leaves to start new firm
Rishi Navani, co-founder of Matrix Partners India, has left the GP to start a new investment practice, Epiq Capital.
Hillhouse leads $50m round for Korea's Baedal Minjok
China’s Hillhouse Capital has led a $50 million investment in Woowa Brothers, owner and operator of leading South Korean online food-ordering platform Baedal Minjok.
Singapore's GIC appoints CIO for private equity
Singapore’s GIC Private has named Yong-Cheen Choo as chief investment officer for private equity, one of five new roles created to enhance the sovereign wealth fund’s investment capabilities.
EQT invests in Singapore's In.Corp Group
EQT Partners has invested in Singapore-based corporate services provider In.Corp Group with a view to consolidating the company’s local presence and driving regional expansion.
SoftBank defends under fire COO Nikesh Arora
Japanese technology conglomerate SoftBank has spoken out in defense of Nikesh Arora, its president and COO - and presumed successor to CEO Masayoshi Son - who has been accused of conflict of interest and poor investment performance.
Warburg Pincus-backed D&J China buys 40% of KaiLong
D&J Industrial Property, a Chinese business park developer co-founded and majority-owned by Warburg Pincus, has agreed to acquire a 40% stake in real estate investment firm KaiLong Group for an undisclosed sum.
Alibaba's UCWeb launches $20m India accelerator
UCWeb, a mobile browsing services company controlled by China's Alibaba Group, has launched a $20 million program to promote Indian start-ups focusing on games and apps.
Navis exits India's Classic Stripes through promoter buyback
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
Genesis backs Chinese second-hand machinery trading platform
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
China online flower seller Roseonly raises $31m
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China's Qiming to launch US healthcare fund
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.
India's ICICI Venture reaches $190m first close on new fund
ICICI Venture, the private equity arm of India's ICICI Bank, has reached a first close of $190 million for its fourth private equity fund.
SAIF participates in $155m round for Baidu video unit
SAIF Partners has participated in a RMB1 billion ($155 million) round of funding for Baidu Video, a new online video affiliate created by Chinese search giant Baidu.
Hony set for $2.7b close on latest China fund
China-focused GP Hony Capital has raised $2.7 billion for its latest fund, with the formal closing expected to happen next week. The firm reached a first close of $1 billion in late 2015.
NZ Super sells LP positions in three funds
New Zealand Superannuation Fund (NZ Super) has sold its LP positions in three US-based private equity funds as part of a move to consolidate its investment profile.
Australia's Bradken rebuffs another CHAMP PE approach
Australian mining supplier Bradken has rejected a A$150 million ($117 million) recapitalization proposal from CHAMP Private Equity. It comes seven months after discussions over a previous offer, involving a potential merger with Chile’s Sigdo Koppers,...
PAG, Legend support $3.6b acquisition of US-based Lexmark
PAG Asia Capital and China's Apex Technology are leading a consortium - which also features Legend Capital - that has agreed to buy printing technology and enterprise software company Lexmark International for $3.6 billion.
ClearVue leads Series C for China O2O catering service
ClearVue Partners has led a $10 million Series C round for Yummy Express, a Beijing-based start-up that provides logistics services for online-to-offline (O2O) food-ordering platforms. SBCVC also participated in the investment.
Korea's VIG Partners buys parking management business
VIG Partners – formerly known as Vogo Investment – has agreed to buy an 83% stake in Korea-based parking management business HiParking for KRW27 billion ($23 million).
Kerogen to invest $63m in UK energy firm
Hong Kong-based energy investor Kerogen Capital has agreed to commit GBP44 million ($63 million) to UK-based oil and gas company Hurricane Energy.
GRC leads round for China auto services platform Weiche
Weiche, a mobile app that targets car owners in China, has completed a RMB152 million ($24 million) Series B round of funding led by GRC SinoGreen Fund.
Maverick leads $15m Series B for India's 1mg
Maverick Capital Ventures, the VC affiliate of hedge fund Maverick Capital, has led a INR1 billion ($15 million) Series B round for Indian online pharmaceutical platform 1mg.
Two thirds of Asia PE professionals expect pay rises in 2016 - survey
Nearly two thirds of private equity professionals in the Asia Pacific region expect an increase in base salary this year, with mid-level executives – vice presidents, principals and directors – the biggest driver.