News
Leading Capital backs take-private for China's Mecox Lane
China health, beauty and lifestyle products retailer Mecox Lane has received a take-private offer from majority shareholder Cnshangquan in conjunction with private equity firm Leading Capital. It values the business at approximately $52 million.
Singapore's Qoo10 raises $82.1m Series A
Singapore-based Giosis, which manages e-commerce site Qoo10, has raised $82.1 million in a Series A round led by Singapore Press Holdings (SPH).
PE-backed CICC files for Hong Kong IPO
China International Capital Corp. (CICC), which is backed by KKR, TPG Capital and Singapore’s GIC Private, among others, has filed for a Hong Kong IPO. The company is said to be looking to raise around $1 billion.
Matrix, Falcon Edge in $25m Series C for India's Mswipe
Indian mobile point-of-service (POS) developer Mswipe has raised $25 million in Series C funding from a group of investors including Matrix Partners, Falcon Edge Capital and Meru Partners.
Singapore flatbread machine maker raises $11.5m
Zimplistic, the kitchen robotics start-up behind automatic flatbread maker Rotimatic, has raised $11.5 milllion in Series B funding from NSI Ventures and RBVC, the venture capital arm of German electronics multinational Robert Bosch.
Tiger Global, Flipkart commit $12m to India's NestAway
Indian e-commerce giant Flipkart and its backer Tiger Global have together invested INR760 million ($12 million) in online home rentals start-up NestAway.
Singapore's Temasek, UOB to offer $500m in venture debt
Singapore's government-sponsored investment fund Temasek Holdings and United Overseas Bank (UOB) have agreed to form a joint vehicle which will offer $500 million in venture debt financing to start-ups in China, India and Southeast Asia.
Vivo Capital leads Series B for China's cosmetic surgery app
Healthcare specialist Vivo Capital has led a Series B round of funding for Gengmei, a Chinese cosmetic surgery social networking app, with participation from Sequoia Capital.
Warburg Pincus commits $284m to India's Piramal Realty
Warburg Pincus has agreed to invest INR18 billion ($284 million) in Piramal Realty, the real estate development arm of Indian conglomerate Piramal Group.
Former Japan Exchange head joins KKR as chairman
KKR has named Atsushi Saito, former head of the Tokyo Stock Exchange (TSE) and the Japan Exchange Group (JPX), as the non-executive chairman of KKR Japan.
Innovation Works backs China cycling tracking device
Innovation Works has led a RMB50 million ($8 million) Series A round of funding for Beast Bikes, a Chinese start-up that has developed a cycling tracking device.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.
PE investors must think more deeply about value-add - AVCJ Forum
PE and VC firms should think more carefully about how they can add value to portfolio companies, using their board representation as a tool for constructive guidance as much as oversight, industry participants told the AVCJ Singapore Forum.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
CDB invests $242m in VC-backed eHi Car Services
China Development Bank (CDB) has agreed to provide RMB1.5 billion ($242 million) to eHi Car Services, China’s second-largest automotive rental services provider, which is backed by several VC investors.
Tiger Global leads Series A for India online hotel booker
Tiger Global Management has led an undisclosed Series A round for Zostel Hospitality, the Indian start-up behind online budget hotel booking platform Zo Rooms. Orios Venture Partners also took part in the round.
Japanese tech entrepreneurs form Tokyo Founders Fund
A group of Japanese tech entrepreneurs have formed a new start-up-focused fund called Tokyo Founders Fund, styled after Silicon Valley’s own Founders Fund.
KKR supports Philippines social enterprise project
KKR has completed its second social enterprise assistance project alongside Impact Investment Exchange Asia (IIX) and its non-profit sister organization Shujog, providing support to Glovax Biotech, which sells affordable vaccines to low to middle income...
Australia's PEP to sell Energy Developments for $1.4b
Pacific Equity Partners (PEP) has agreed to sell Energy Developments, an Australia-based provider of distributed power to the mining industry, to utilities business Duet Group for an enterprise valuation of A$1.92 billion ($1.4 billion).
India's IVFA commits $30m to restaurant chain operator
India Value Fund Advisors (IVFA) will invest $30 million in India's DeGustibus Hospitality, the owner and operator of several popular restaurant brands.
GLP forms $7b China logistics fund
Singapore-listed warehouse operator Global Logistic Properties (GLP) has launched a $7 billion fund for developing logistics facilities in China.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
Australia's tech founder launches $37m VC fund
Victor Jiang, the founder of Australian professional services platform Skillsapien, is seeking to raise A$50 million ($37 million) for his new Sapien Ventures fund.
Hong Kong introduces tax exemption for private equity
The Hong Kong government has extended the profits tax exemption for offshore funds – from which the hedge fund industry already benefits – to include private equity.