News
China public markets stoke GP investment, exit concerns
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
Silver Lake-backed Avago agrees $37b Broadcom deal
Avago Technologies, a Singapore-incorporated chip maker backed by Silver Lake Partners, has agreed to buy its NASDAQ-listed rival Broadcom Corp. for $37 billion in cash and stock.
Warburg Pincus makes partial exit from China Auto Rental
Warburg Pincus has completed a partial exit from China Auto Rental (CAR), raising HK$3.1 billion ($401 million) and reducing its stake in the company to 11%.
Cathay backs China food ingredients maker
Cathay Capital has bought a 25% stake in Chinese food ingredient maker Cabio Bioengineering (Wuhan).
China GPs wary of public market volatility, regulation - AVCJ Forum
China’s A-share market may be trading record highs, but PE investors told the AVCJ China forum that they are still wary of public market exits, citing the amount of time it takes to complete the process.
Aberdeen Asset Management buys FLAG Capital
Aberdeen Asset Management has bought FLAG Capital Management, the US-based firm that acquired Asia-focused fund-of-funds Squadron Capital in 2012. The financials of the transaction were not disclosed.
Everstone hires head of capital markets, exits
India and Southeast Asia-focused Everstone Capital has named Bhavna Thakur as its head of capital markets and exits.
China's Weibo invests $142m in local taxi-booking platform
Chinese social media platform Weibo Corporation has invested $142 million in Kuaidi Dache and Didi Dache, the country’s leading mobile taxi-booking services, which recently agreed to merge.
China VC activity will continue to thrive - AVCJ Forum
Chinese VC deal activity is expected to retain its strong momentum over the next few years, largely due the increasing diversity of exit channels.
PE-backed SSI to acquire Australia, New Zealand marketing firms
Survey Sampling International (SSI), a US-based market research company backed by Palo-Alto PE firm HGGC, will acquire online research panels MyOpinions, of Australia, and SmileCity Limited, of New Zealand.
Accel, China's DJI launch $10m drone fund
Accel Partners and Chinese drone maker DJI - an Accel portfolio company - have launched a $10 million fund targeting start-ups developing drone-related products and services.
GIC, BlackRock cornerstone CITIC PE-backed 3SBio's IPO
GIC Private and BlackRock have joined four other investors to cornerstone Chinese biotech pharmaceutical developer 3SBio's relisting in Hong Kong, two years after it was taken off NASDAQ by CITIC Private Equity.
India's ChrysCapital exits stake in Mankind Pharma
ChrysCapital Partners has sold its 11% stake in India-based Mankind Pharma to investment firm Capital International for just over $200 million, valuing the company at about $2.2 billion.
China seeing more liquidity, increased competition for deals - AVCJ Forum
China’s private equity industry is seeing greater liquidity than in recent years but competition for deals – the operating partners required to make investments work – is intensifying, GPs told the AVCJ China Forum.
YJ Capital, East Ventures back Japan big data start-up
YJ Capital - the corporate venture capital arm of Yahoo Japan - and East Ventures have invested JPY260 million ($2 million) in Use Local, a Japanese big data start-up.
TVS Logistics, Tata Opportunities to acquire DIESL
India's Tata Capital will acquire a minority stake in TVS Logistics Services and support the company in its acquisition of Drive India Enterprise Solutions (DIESL).
ICICI Venture exits India's Future Lifestyle
ICICI Venture has exited its stake in Future Group-owned India apparel company Future Lifestyle Fashion (FLF) through an open market transaction.
Marunouchi Capital exits Japanese toymaker Takara Tomy
Marunouchi Capital has sold the last of its stake in Japanese toymaker Takara Tomy via an open market sale.
Indian regulator rejects Baring Asia's Sharekhan buyout
India's Foreign Investment Promotion Board (FIPB) has rejected Baring Private Equity Asia's bid to buy IDFC's stake in Mumbai-based brokerage Sharekhan.
Lixil unit files for insolvency less than 18 months after PE exit
Japanese bathroom fitting company Lixil is set to lose at least JPY41 billion ($337 million) after its German-listed Chinese subsidiary, Joyou AG, filed for bankruptcy. Lixil acquired the business after it bought German faucet maker Grohe from TPG Capital...
Malaysia's Cocoaland rejects Navis buyout offer
Malaysian confectionary manufacturer Cocoaland Holdings has rejected a takeover bid from Navis Capital Partners that valued the company at MYR377.5 million ($104 million).
Tiger Global joins $134m placement for China's eHi
Tiger Global has joined hedge fund SRS Partners in a $134 million stock placement for Chinese car rental service eHi Car Services.
Chinese games platform Egret gets Series B round
Shenzhen Capital Group and Matrix Partners China have participated in a Series B round of funding for Egret Technology, a Chinese internet technology platform that focuses on mobile games development.
Zodius reaches $110m first close on India VC fund
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.