News
GPs see potential in SE Asia mid-market buyouts - AVCJ Forum
Southeast Asia will see more mid-market buyout opportunities, industry participants told the AVCJ Singapore Forum, although the onus remains on GPs to forge partnerships with entrepreneurs.
SoftBank leads $20m Series B round for US ad analytics start-up
Japan's SoftBank Corp. has led a $20m Series B round of funding for US-based ad analytics start-up Cinarra Systems.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Singapore's GIC buys 35% stake in Brazil shopping mall
Singapore sovereign wealth fund GIC Private has acquired a 35% stake in Brazil's Via Parque Shopping, a mall in Rio de Janeiro, for $41.89 million from developer Aliansce Shopping Centers.
TPG, Affinity-owned UTAC files for $350m US IPO
UTAC Holdings, the Singapore-based precision engineering firm owned by TPG Capital and Affinity Equity Partners, is looking to raise as much as $350 million in its US IPO.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
India's PE-backed Mindtree to buy US, UK-based IT firms
Indian IT services firm Mindtree, which is backed by Nalanda Capital and Global Technology Ventures Limited, will buy US-based Relational Solutions and UK-based Bluefin for a total of $76 million.
Sequoia-backed NewsHunt acquires Indian e-commerce portal
Ver Se Innovation, the owner of Indian news aggregation app NewsHunt, has acquired Rocket Science Innovation, parent of online price comparison and recommendation platform BuyT for an undisclosed amount.
Tsinghua Unigroup invests $100m in mobile OS start-up Acadine
China’s Tsinghua Unigroup International has invested $100 million for a minority stake in Acadine Technologies, a Hong Kong-based start-up developing mobile operating systems (OS) for mobile, wearable and internet-of-Things (IoT) devices.
Permira hires former KKR deal-maker as head of Japan
Permira has chosen former KKR deal-maker Ryotaro Fujii as managing director and head of Japan. Yoichiro Furuse has been made chairman of Japan.
Sequoia, Nexus, Blume in $11m Series A for India's RoadRunnr
Indian business to business (B2B) delivery logistics service RoadRunnr has raised $11 million in Series A funding from Sequoia Capital, Nexus Venture Partners and Blume Ventures.
Fairfax offers to buy 26% stake in India's Carlyle-backed IIFL
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
Shenzhen Fortune leads $100m round for fashion platform Yoho
Fortune Capital has led a $100 million Series D round of funding for online fashion magazine and e-commerce platform Yoho. CMC Capital and Telescope Capital also took part alongside existing investors SAIF Partners China and Vertex Venture.
PE-backed Cath Kidston buys back Japan business
Cath Kidston, the UK lifestyle retailer controlled by Baring Private Equity Asia and TA Associates, has bought back its Japan operations - its largest outside the UK - from local conglomerate TSI holdings for an undisclosed sum.
Japan's Recruit Holdings invests $7.5m in US-based HackerRank
Japan's Recruit Holdings has paid $7.5 million for a stake in HackerRank, a US technical recruitment platform owned by Interviewstreet, via its $20 million corporate venture capital fund - HR Technology Fund.
China Modern Dairy buys KKR, CDH $245m JV stake
KKR and CDH Investments have agreed to sell their stake in Success Dairy to China Modern Dairy Holdings (CMDH) in exchange for $HK1.9 billion ($245 million) of CMDH stock.
Accel leads $10m Series B round for MySmartPrice
Accel Partners has led a $10 million Series B round for Indian online price comparison and discovery platform MySmartPrice. Helion Ventures also took part in the round.
Japan's Jafco invests $2.5m in traffic analytics tool
Japanese venture capital firm Jafco has invested JPY3 million ($2.5 million) in Wacul, a Tokyo-based start-up that offers website improvement consulting.
TPG leads Series C for China wealth management firm Sinowel
TPG Capital has led a $41 million Series C round of funding for Sinowel Enterprise Group, a Chinese third-party wealth management firm.
Taiwan's MediaTek commits $10m to new Walden Riverwood fund
Gaintech, a unit of Taiwanese fabless semiconductor producer MediaTek, has committed $10 million to the latest fund launched by early-stage tech venture capital firm Walden Riverwood Ventures.
Fosun Kinzon Capital leads $25m round for US StyleSeat
Fosun Kinzon Capital, the Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $25 million Series B round of funding for StyleSeat, a US-based beauty services booking app.
SAIF Partners names former Freecharge CEO as MD
Alok Goel, former CEO for Indian mobile recharge service FreeCharge, has joined private equity firm SAIF Partners as its new managing director.