News
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
Orchid Asia, Eastern Bell in Series B for China's Weimeizi
Orchid Asia Group and Eastern Bell Ventures have provided a Series B round of funding for Weimeizi, a Chinese personal care products manufacturer.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.
India's MyGlamm receives $6m Series A round
India-based beauty services start-up MyGlamm has raised $6 million in a Series A round led by French cosmetics giant L’Occitane and including participation from Tano Capital and Brand Capital.
Alibaba, Yunfeng join take-private bid for China's Momo
Alibaba Group and Yunfeng Capital – a PE firm co-founded by Alibaba’s Jack Ma – have joined the investor consortium seeking to privatize Chinese mobile dating app Momo at a valuation of around $3.5 billion.
Bain rebrands Sankaty and Brookside, shuffles leadership
Bain Capital has rebranded its credit investment and public equities divisions – Sankaty Advisors and Brookside Capital – under the Bain Capital name and announced changes to its senior leadership.
Ex-Capstone executive joins PE-backed CompareAsiaGroup
CompareAsiaGroup, an online financial comparison platform that last year received a $40 million round led by Goldman Sachs, has appointed former KKR executive Sam Allen as its CEO.
Addor leads $70m round for China app developer
Addor Capital has led a $70 million round for Chinese Android-focused mobile app developer Holaverse.
JD Finance invests in VC-backed Meili Jinrong
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors....
Samara buys Adcock Ingram India for $23m
Samara Capital has paid INR1.51 billion ($22.7 million) for the Indian division of South African drug maker Adcock Ingram Holdings.
China HR services platform Joyowo secures $15m
Joyowo.com, a Chinese online HR services platform, has raised a RMB100 million ($15 million) Series B round from VC investors including Sequoia Capital, Greenwoods Asset Management and Meridian Capital.
Samsung leads $13.5m round for Japan's Kyulux
Samsung Venture Investment has led a $13.5 million Series A round for Kyulux, a developer of advanced lighting technology used in digital screens.
Australia's MLC loses private equity head
Natalie Meyenn has stepped down as head of private equity at MLC, the wealth management arm of the National Australia Bank (NAB).
Fengate buys into Australia power plant
Fengate Capital Management has taken a stake in an Australian power plant along with General Electric (GE) and funds managed by domestic infrastructure-focused firm Whitehelm Capital.
Unicorn raises $210m for China VC fund-of-funds
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners alumnus Tommy Yip, has closed its debut fund at about $210 million.
Ally Bridge backs Chinese oncology-focused big data company
Healthcare-focused GP Ally Bridge Group has led a Series B round of funding for LinkDoc Technology, an oncology-focused big data company based in China.
China Everbright boosts exposure to Haiyin's cross-border fund
China Everbright has committed an additional $15 million to Haiyin Capital’s latest VC fund, also claiming co-investment rights in the fund's US portfolio companies.
Temasek leads $45m round for China logistics data provider
Singapore’s Temasek Holdings has led a $45 million extended Series C round for G7, a Chinese logistics data smart device marker. Existing backers Tencent Holdings and Eastern Bell Venture Capital also participated in the round.
Blackstone changes up Asia leadership
The Blackstone Group has appointed Chris Heady as chairman for the Asia Pacific region. He will retain his existing responsibilities as head of real estate in the region.
EIG hires KKR's Rex Chung as co-head of Asia
EIG Global Energy Partners has hired Rex Chung, formerly of KKR, as managing director and co-head of Asia. He will be based in Hong Kong.
WestBridge commits $12m to India's Relaxo
WestBridge Capital Partners has invested INR790 million ($12 million) in listed Indian footwear maker Relaxo Footwears.
KKR closes $3.3b global special situations fund
KKR has reached a final close of $3.3 billion for its second global KKR Special Situations Fund (KSSF), which will target investments in distressed or event-driven situations.
Navis invests in Hong Kong-based Texon - update
Navis Capital Partners has acquired Hong Kong-based footwear component manufacturer Texon International Group for $75-$125 million, AVCJ understands, buying a controlling stake held by Barclays Ventures.
China's Xiaomi leads $25m round for India-based Hungama
Chinese smart phone maker Xiaomi has led a $25 million round of funding for Hungama Digital Entertainment, an Indian music and video online platform.