News
PE-backed group submits sweetened offer for China’s iKang
A PE-backed consortium that includes Meinian Onehealth has submitted a revised and improved proposal to acquire US-listed iKang Healthcare Group.
Goldstone, Legend lead $280m round for China CRO play
The Goldstone Investment-managed CITIC M&A Fund and Legend Capital have led a $280 million round of financing for Pharmaron, a Chinese contract research organization (CRO) company.
CreditEase's Yirendai targets up to $82.5m in US IPO
Yirendai, an online peer-to-peer (P2P) online platform owned by China-based micro-credit loan player CreditEase, is looking to raise up to $82.5 million through its US IPO.
Formation 8 leads round for Korea's Yello Mobile
Formation 8 has re-upped in South Korean mobile internet company Yello Mobile, leading a $47.2 million financing round. The capital will be used to strengthen the company’s business domestically and across Asia.
Blackstone raises $18b for latest global fund
The Blackstone Group has reached a final close on its latest global private equity fund at $18 billion, with demand said to be well in excess of the $17.5 billion hard cap.
Tsinghua Unigroup to invest in two Taiwan tech firms
Tsinghua Unigroup, an investment arm of China’s Tsinghua University, is planning to spend $2.1 billion to acquire stakes in two Taiwanese semiconductor testing and packaging companies.
PE consortium completes take-private of China's WuXi PharmaTech
A consortium comprising the founder and CEO of WuXi PharmaTech and several PE investors has completed the privatization of the China-based provider of contract R&D services to global pharmaceutical companies.
Northstar leads $1b financing deal for Indonesia's Salim Group
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
CLSA leads $10m round for India's Holisol Logistics
CLSA Capital Partners has led a $10 million round of funding for Holisol Logistics, an India-based supply chain and logistics company.
Huayi, Tencent, Yunfeng buy Hong Kong shell for movie investments
China's Huayi Brothers, Tencent Holdings and Yunfeng Capital – a PE firm co-founded by Alibaba Group's Jack Ma – have acquired a Hong Kong-listed shell company to develop films for local and international markets in a deal worth HK$547 million ($70.6...
LeapFrog gets $200m as OPIC commits to emerging markets GPs
The Overseas Private Investment Corporation (OPIC) has committed $200 million to LeapFrog Investments as part of a $1 billion financing drive for development-oriented funds in emerging markets.
Hunan TV & Broadcast backs Qihoo360 take-private project fund
Hunan TV & Broadcast Intermediary, a Shenzhen-listed TV producer, will invest up to RMB300 million ($46.7 million) in a project fund raised to support the take-private of Chinese internet security firm Qihoo 360 Technology.
Actis sells stake in Sri Lanka's Asiri Hospitals to TPG Growth
Actis has sold a 27.8% stake in Asiri Hospital Holdings (AHH), Sri Lanka’s largest private hospital group, to TPG Capital’s growth equity unit for LKR7.6 billion ($53.2 million).
Olympus commits $45m to Hong Kong e-waste processor
Olympus Capital has committed $45 million to Li Tong Group (LTG), a Hong Kong-based reverse supply chain services provider and electronic waster (e-waste) processor.
CITIC PE-owned online finance platforms raise $65m
Maidai Licai and China Top Credit, two Chinese online finance platforms wholly-owned by CITIC Private Equity, have raised RMB420 million ($65 million) from their parent company and other strategic investors.
Accel-backed Atlassian raises $462m in US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has raised $462 million in its NASDAQ IPO after raising the price of the offering once again.
DKSH acquires 20% of Southeast Asia-focused aCommerce
DKSH, a Switzerland-based company that helps clients find outsourcing partners in new markets, has acquired a 20% stake in Southeast Asia-focused e-commerce solutions provider aCommerce.
China’s Home Inns, Jiayuan agree take-private deals
Chinese budget hotel operator Home Inns and online dating site Jiayuan have agreed to be taken private and merge with industry counterparts.
India B2B logistics start-up BlackBuck gets $25m
Tiger Global, Accel Partners, Flipkart and a fund linked to Yuri Milner of DST Global have committed $25 million in Series B funding to BlackBuck, an India-based business-to-business logistics start-up.
MSPEA exits Sino Gas stake to investment partner
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Sino Gas to Zhongyu Gas. The buyer participated alongside MSPEA in the privatization of Sino Gas last year and will now take a majority stake in the business.
Australia’s Blue Sky targets $144m VC fundraise
Blue Sky Venture Capital, a division of Australia-based Blue Sky Alternative Investments, will raise a A$200 million ($144 million) fund focused on later-stage local start-ups.
Paine & Partners buys Australia's AgBiTech
Paine & Partners, which focuses on the global food and agribusiness industry, has acquired a majority stake in AgBiTech, an Australia-based producer of biological insecticides for crops.
Australia's First State Super to invest in fintech start-ups
First State Super has teamed up with VC firm H2 Ventures to support financial technology start-ups. The Australian superannuation fund expects to deploy around A$250 million ($182 million) in technology innovation.
General Atlantic promotes Mumbai-based Sood to principal
General Atlantic has promoted Mumbai-based Rajat Sood to principal. He has been with the firm since 2007 and was previously vice president.