News
Spring-backed Denox targets $46.8m Hong Kong offering
Denox Environmental & Technology Holdings, a China-based manufacturer of catalysts used to reduce emissions from coal-fired power plants, is looking to raise up to HK$362.5 million ($46.8 million) in a Hong Kong IPO.
Lilly Asia commits $15m to China cancer drug developer
Lilly Asia Venture has provided a Series A round of funding worth $15 million for MabSpace Bioscience, a China-based company focused on developing cancer therapies.
French investor buys 5% stake in Warburg Pincus
Billionaire investor Marc Ladreit de Lacharriere, the CEO of French financial services firm Fimalac, has bought a 5% stake in Warburg Pincus and become a senior strategic partner at the firm.
Indonesia’s restaurant discovery app secures $8m
Qraved, an Indonesia-based online restaurant booking platform, has secured an $8 million Series B round of funding co-led by US-based Richmond Global Ventures and China-based Gobi Partners.
India's Essel Finance commits $11m to housing developer
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.
PE-backed China Huarong trades flat after $2.3b HK IPO
Shares in China Huarong Asset Management, a distressed debt manager with several private equity backers, opened flat in Hong Kong following a HK$17.82 billion ($2.3 billion) IPO.
Morningside closes fourth China TMT fund at $660m
Morningside Venture Capital, a VC firm set up by Hong Kong’s Chan family – owners of property developer Hang Lung Group – has closed its fourth China-focused fund at $660 million.
CMC secures $1.3b China football rights deal
CMC Capital Partners, a China-focused PE firm that specializes in media and entertainment investments, has agreed an RMB8 billion ($1.3 billion) deal to broadcast matches in China’s domestic football league.
Singapore government joins Coursera's Series C
EDBI, the corporate investment arm of the Singapore Economic Development Board, has joined a Series C round of funding for US-based online education provider Coursera.
First Reserve-backed Australian miner to go private
Australian engineering firm Calibre, which is backed by US-based First Reserve, plans to delist from the Australian Securities Exchange and buy back the stakes of minority shareholders.
CITIC PE seeks full ownership of Biosensors International
CITIC Private Equity has submitted a buyout offer for Biosensors International, a Singapore-listed medical devices manufacturer in which it already holds close to a 20% stake.
India's ReNew Power raises $265m round
Indian renewable energy producer ReNew Power Ventures has raised a $265 million funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation by existing investors Goldman Sachs and the Global Environment Fund (GEF).
PE-backed CICC files for $811m Hong Kong IPO
China International Capital Corp. (CICC) has announced the pricing for its upcoming Hong Kong IPO, which will see the company raise up to HK$6.3 billion ($811 million).
PEP-backed Link gains on Australia debut
Link Group, the Australian financial data and fund administration services provider backed by Pacific Equity Partners (PEP), is trading above its IPO price following the company's A$946.3 million ($674 million) offering.
Tiger, Matrix commit $9m Series A to India's RazorPay
Tiger Global has led a $9 million Series A round for India-based online payment gateway RazorPay, with participation by Matrix Partners.
TVS pays $12.5m for Bessemer IEX stake
TVS Capital has paid INR810 million ($12.5 million) for a 4% stake in Indian Energy Exchange (IEX) held by Bessemer Venture Partners.
Canada's CPPIB opens India office
Canada Pension Plan Investment Board (CPPIB) has opened an office in Mumbai to focus on investment opportunities in India.
China travel sites Ctrip, Qunar agree merger
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
Chinese appliance maker to invest in Cathay's Sino-French fund
Shenzhen-listed home appliance maker Joyoung has committed EUR5 million (5.53 million) to Cathay Capital’s Sino French Innovation Fund, which is looking to invest in start-ups in France, China and the US.
OrbiMed leads $50m round for India's Netmeds
Healthcare focused investment firm OrbiMed has led a $50 million round of funding for Indian online drug marketplace Netmeds.
I Squared's India toll road platform buys asset from Madhucon
Cube Highways & Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought an Indian toll road from developer Madhucon Infra.
PremjiInvest commits $33m to India's HRI
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has invested INR2.16 billion ($33 million) in cosmetics developer Hygienic Research Institute (HRI).
Philips uncertain over Lumileds sale to China's Go Scale
Dutch electronics giant Philips has cast doubt on the sale of its LED components and automotive lighting unit to a Chinese private equity consortium as it emerged that US regulators were looking into the deal.
General Atlantic buys stake in India's IIFL Wealth
General Atlantic has agreed to pay up to INR11.2 billion ($173 million) for a minority interest in IIFL Wealth Management (IIFLW), a subsidiary of IIFL Holdings, the Indian financial services group formerly known as India Infoline.