News
CDIB closes debut Asia fund at $405m
CDIB Capital, the private equity arm of Taiwan’s China Development Financial (CDF), has reach a final close of $405 million on its maiden Asian fund.
Ajisen, Hina back Baidu's online food-ordering platform
Ajisen Holdings, a Chinese fast casual restaurant chain operator, has teamed up with The Hina Group and its affiliate Hanking Group to invest up to $70 million in Baidu Takeout Delivery, an online food delivery ordering platform run by the Chinese search...
Cathay PE invests in France's Datawords
Sino-French GP Cathay Capital Private Equity has led a new round of funding for Datawords, a digital marketing service provider based in France. The size of the investment has not been disclosed.
Australia's Autopilot raises $7m round
US cloud computing firm Salesforce has a led $7 million round for Australian marketing platform Autopilot, alongside Stage1 Capital. Existing investors include Rembrandt Venture Partners, Blackbird Ventures, Southern Cross Venture Partners, Garnett Ventures...
China's HNA buys Swissport International from PAI Partners
China’s HNA Group has agreed to buy ground handling and cargo services provider Swissport International from PAI Partners for CHF2.7 billion ($2.8 billion).
BNP Paribas to acquire PE-backed Sharekhan
French bank BNP Paribas has agreed to acquire Indian retail brokerage Sharekhan from its private equity backers.
Indian home services portal Zimmber raises $2m
IDG Ventures and Sherpalo Ventures have taken part in a $2 million pre-Series A round for Rejuvenate Solutions, operator of Indian home services portal Zimmber.
MSPEA, Far EasTone to buy Taiwan's CNS from MBK
Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications have agreed to buy Taiwan-based cable television provider China Network Systems (CNS) from MBK Partners.
Tata Capital joins consortium buying Blackstone's Agile stake
A consortium comprising Igarashi Electric Works (IEW), Mape Securities and Tata Capital Growth Fund I have bought The Blackstone Group’s 97.9% stake in Agile Electric, India’s leading electric motor manufacturer.
Australia's NAB to invest $36m in fintech start-ups
National Australia Bank (NAB) will set up a A$50 million ($36 million) fund to invest in start-ups that help enhance its financial services product offerings.
GIC's PE allocation unchanged as 12-month overall return rises
GIC Private’s PE allocation remained static at 9% last year as the Singapore sovereign wealth fund posted a 20-year annualized return of 4.9% for the 12 months ended March 2015, up from 4.1% in 2014.
SAIF, Tiger in $50m round for online discount start-up
Paytm has joined SAIF Partners and Tiger Global to lead a $50 million round of funding for Little, an Indian online discount start-up launched by the founders of fashion e-commerce platform Zovi.
IVFA reaches $700m final close on India fund
India Value Fund Advisors (IVFA) has reached a final close on its fifth India-focused fund at the hard cap of $700 million.
PE backers set for partial exits in HealthCare Global's India IPO
HealthCare Global Enterprises (HCG), a private equity-backed Indian cancer care hospital chain, has filed for an IPO.
Carlyle commits $85m to China's Ubox
The Carlyle Group has invested RMB530 million ($85 million) in Beijing Ubox Technology & Trade, a vending machine operator in China.
PE-backed online liquor retailer Jiuxian gets another $81m
Jiuxian.com, a Chinese e-commerce site that sells wines and spirits, has raised RMB500 million ($81 million) in a new round of funding.
Golden Gate reaches first close on SE Asia VC fund
Singapore-based Golden Gate Ventures has reached a first close of $35 million on its second Southeast Asia-focused fund, Golden Gate Ventures Fund II.
Chunxiao invests $16m in China agri e-commerce player
Chunxiao Capital has provided RMB100 million ($16 million) in Series A plus funding for Cloud Farm, a China-based e-commerce platform dedicated to the agricultural sector.
New Horizon backs China B2B plastics trading platform
New Horizon Capital has led a $36 million Series B round of funding for Zhaosuliao.com, a Chinese B2B plastics trading platform.
India's VC-backed Jugnoo buys ride hailing app BookMyCab
Indian autorickshaw-hailing start-up Jugnoo, a portfolio company of Snow Leopard Technology Ventures, has bought taxi aggregator BookMyCab for an undisclosed sum.
Sequoia leads $12.5m round for China app tech developer
Sequoia Capital has led a $12.5 million Series B round for Easemob.com, a Chinese provider of mobile communication services, with participation from SIG China and Matrix Partners China.
Anjali Bansal hired as Asia, Africa partner at TPG Growth
TPG Growth - the mid-market growth equity platform of TPG Capital - has hired Anjali Bansal as partner and managing director. She will focus on human resources in Asia and Africa.
P2P lender China Rapid Finance gets $35m Series C round
Broadline Capital has led a $35 million Series C round of funding for peer-to-peer (P2P) lending platform China Rapid Finance. The investment gives the business a pre-money valuation of $1 billion.
New Zealand's Booktrack receives $5m Series B round
Booktrack, a New Zealand-based company that provides movie-style soundtracks and ambient audio for eBooks, has raised $5 million in Series B funding led by Coent Venture Partners and Sparkbox Ventures.