News
APG, Piramal commit $132m to India's Essel Green Energy
Dutch pension fund manager APG Asset Management has committed $132 million, alongside Piramal Enterprises, to Essel Green Energy, the solar power platform of India's Essel Group.
VCs commit $33m to Japan's Bizreach
Japanese online talent search platform Bizreach has raised a JPY3.7 billion ($33 million) Series A round led by YJ Capital, the investment arm of Yahoo Japan.
Dymon Asia submits offer for Singapore catering business
Dymon Asia Private Equity is leading a consortium to take a controlling stake in catering company Select Group for SGD40 million ($29.3 million).
Anbang-led consortium raises offer for Starwood
A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
KKR to exit Alliance Tire to Japan's Yokohama
Japanese tire manufacturer Yokohama Rubber has agreed to acquire India's KKR-backed Alliance Tire Group for $1.2 billion.
Goldman invests $37m in China's Venus Medtech
Goldman Sachs has committed $37 million to cardiac valve developer Venus Medtech.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
InnoVen sees potential in maturing Southeast Asian entrepreneurs
InnoVen Capital, the venture debt firm backed by Temasek and UOB, sees considerable opportunities in Southeast Asia's entrepreneurial community, which the firm's CEO for Singapore and Southeast Asia Chin Chao sees as improving faster than expected.
Affinity buys Australia's Medical Director for $117 million
Affinity Equity Partners has bought Australia-based clinic management software developer Medical Director for A$155 million ($117 million).
KKR, Alibaba invest in China fresh-food online retailer Yiguo
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
TPG hires ex-CHAMP director Joel Thickins as Australia head
TPG Capital has appointed Joel Thickins, formerly a director at CHAMP Private Equity, as new Australia country head.
J-Star completes buyout of Japan's Aisei Pharmacy
J-Star has completed its takeover of Japanese drugstore chain Aisei Pharmacy in a deal valued at JPY11.4 billion ($101 million).
China recruitment site Lagou raises $34m
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
Japan's Colopl VR Fund leads $11m round for VR specialist
Colopl VR Fund has led a $11 million Series A round of funding for Fove, a virtual reality (VR) technology company founded in Japan and headquartered in the US.
Hony to exit Australia's Santos to China-based ENN
Hony Capital has agreed to sell its 11.72% stake in Australia-listed oil and gas supplier Santos to ENN Group, a leading Chinese privately-held gas distributor, for $755 million.
Cherubic launches $120m fund for US, China
Early-stage venture capital firm Cherubic Ventures is targeting $120 million for its latest fund aimed at investments in the US and China.
Gobi, Mavcap launch $14.5m ASEAN seed fund
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
OPIC commits $250m in debt funding to India's ReNew Power
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, will provide up to $250 million in debt funding to Indian renewable energy producer ReNew Power Ventures.
AVCJ daily bulletin returns March 29
AVCJ's daily bulletin will take a short break for the Easter holiday. Publication will resume on March 29.
Australia's CHAMP Ventures postpones fundraise
CHAMP Ventures has postponed the launch of its eighth fund by six months. The Australian GP was expected to return to market in the first half of this year, having closed its previous vehicle in 2012.
Abraaj leads $150m round for India’s BigBasket
Dubai-based Abraaj Group has led a $150 million funding round for Indian online grocery business BigBasket.
PE investors make part-exit from IMAX China
CMC Capital Partners and FountainVest Partners have made a partial exit from IMAX China after agreeing to an extended lock-up period for the rest of their shares.
China’s Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.