News
Townsend Group backs KKR's India real estate NBFC
KKR has signed up another partner for its India-focused real estate non-banking finance company (NBFC), with US-based investor The Townsend Group agreeing to commit capital.
Singapore’s Golden Gate commits $4m to six start-ups
Singapore-based early stage investor Golden Gate Ventures will commit more than $4 million to six Southeast Asian start-ups.
CITIC Capital to list on China’s New Third Board
Chinese alternative investment firm CITIC Capital Holdings is seeking to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
Indonesia's Convergence Ventures agrees partnership with Baidu
Convergence Ventures, an early-stage venture capital firm based in Indonesia, has agreed to a financial and strategic partnership with Chinese search and web services giant Baidu.
Australia's Atlassian files for US IPO
Atlassian, an enterprise software company founded in Sydney by two Australian entrepreneurs, has filed for a NASDAQ IPO. Accel Partners is the most significant venture capital investor in the business with a 12.5% stake.
SAIF in $6m round for India's Chef's Basket
SAIF Partners has participated in a $6 million Series A round for Indian start-up Fizzy Foodlabs, which operates the Chef's Basket packaged food brand.
Placement agent First Avenue opens Hong Kong office
Private placement agent and advisory firm First Avenue has opened an office in Hong Kong. It will be led by Michael Henningsen, previously a managing director at Park Hill Group.
Sankaty to buy GE's Australia, NZ commercial lending portfolio
Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy GE Capital’s commercial lending and leasing portfolios in Australia and New Zealand.
CDH-backed Dali Foods seeks $1.3b HK IPO
Chinese food and beverage manufacturer Dali Foods Group, which is backed by CDH Investments, has launched a Hong Kong IPO with a target of HK$10.4 billion ($1.3 billion).
Tiantu leads Series C round for China cosmetics retailer
China consumer-focused GP Tiantu Capital has led a Series C round of funding for Meilapp, a mobile portal devoted to cosmetics and skincare.
PE-backed Wenzhou Kangning Hospital targets $88m in HK IPO
Wenzhou Kangning Hospital, a private psychiatric specialty care service provider in China with several PE investors, has priced its Hong Kong IPO to raise as much as HK$681 million ($88 million).
Tsing Capital in $22m round for US-based QD Vision
China's Tsing Capital has co-led a $22 million round, with BASF Venture Capital, for QD Vision, a US-based display technology developer with sizeable exposure to Chinese manufacturers.
Placement agent Eaton agrees sale to Stifel
Placement agent and advisory firm Eaton Partners has agreed to be acquired by Stifel Financial Corp, a US-listed financial services holding company with a strong presence in investment banking and wealth management.
OTPP funds director named ILPA chair
Tanya Carmichael, director of global funds and private capital for the Ontario Teachers' Pension Plan (OTPP), has been appointed to chair the board of directors for the Institutional Limited Partners Association (ILPA).
Alibaba agrees Youku Tudou acquisition at $4.8b valuation
Alibaba Group has agreed to acquire US-listed Chinese online video platform Youku Tudou in an all-cash deal that values the company at approximately $4.8 billion.
Hony commits $381m to Australia-listed oil player Santos
China's Hony Capital will buy A$500 million ($381 million) worth of shares in Australia-based oil and gas supplier Santos, as part of the company's bid to cut debt by raising A$3.5 billion.
Korea's NPS loses chairman, CIO
South Korea’s National Pension Service (NPS) is recruiting a new chairman and CIO after the two incumbents stepped down due to tensions over strategy.
China's securities regulator to resume IPOs
China’s securities regulator has said it will resume the domestic initial public offerings (IPOs), lifting a three-month suspension on new listings that was imposed in response to market turmoil in July.
Fairfax India seeks controlling stake in ADI Finechem
The India unit of Canada-based Fairfax Financial Holdings has agreed to buy a 44.66% stake in chemicals manufacturer ADI Finechem for approximately INR1.3 billion ($20 million).
Archer Capital backs New Zealand education business
Archer Capital has created an education business in New Zealand following the acquisition of five privately-owned vocational education and training institutions.
Creador nets 2.8x return on part-exit from Cholamandalam
Creador has made a partial exit from Cholamandalam Investment & Finance (CIF), an India-based non-banking finance company (NBFC), securing a 2.8x multiple and a 33% IRR in US dollar terms.
Innovation Works to list on China’s New Third Board
Innovation Works, a Chinese early stage VC firm founded by Kai-fu Lee, former head of Google China, has applied to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
BAI leads $65m round for China P2P lending site
Bertelsmann Asia Investment (BAI) has led a $65 million Series A round of funding for Meili Jinrong, a Chinese peer-to-peer (P2P) online lending platform with a focus on consumer finance.
China Q&A platform Zhihu raises $55m
Tencent Holdings has led a $55 million Series C round of funding for Zhihu, a Chinese question-and-answer platform similar to US-based Quora.