News
Kedaara invests $32m in Indian packaging firm
Kedaara Capital has invested INR2 billion ($31.8 million) in India's Parkson Packaging - a maker of printing and laminated packaging cartons backed by ChrysCapital - in return for an undisclosed stake.
Creador commits $24m to Indonesia's Bank Index
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
China's Sailing makes partial exit from Israel-based Mobileye
China’s Sailing Capital has raised $77.5 million by selling a portion of its shares in Mobileye, an Israel-based road accident avoidance technology developer that went public in the US in August last year.
HK's Nest appoints ex-Intel executive to set up accelerator franchise
Hong Kong-based seed investor Nest has appointed Peter Dingle, formerly of Intel Corporation, to lead its newly-established Branded Accelerators program.
Elixir Capital backs Indonesian recycling firm
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
KKR joins $170m round for China used car trading platform
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
Australia's VentureCrowd partners with Sydney Angels
VentureCrowd - an Australian equity crowdfunding platform - has formed a partnership with angel investor group Sydney Angels in order to allow start-ups to tap new sources of capital.
India Value Fund commits $50m to taxi firm Meru
India Value Fund Advisors (IVFA) has injected a fresh $50 million in radio taxi service Meru Cab, and is understood to be in talks to invest an additional $100 million in the next two months.
China's CICC appoints ex-Hopu partner as CEO
China International Capital Corporation (CICC) has appointed Mingjian Bi, formerly investment banking chief in CICC and a partner at Hopu Investment Management, as its new CEO.
China's Cheetah Mobile buys VC-backed mobile ad network
Cheetah Mobile, a US-listed Chinese internet security software provider backed by Matrix Partners and Tencent Holdings, has purchased VC-backed mobile ad network MobPartner for $58 million.
RRJ makes Fund III filing, registers $762m
RRJ Capital has made a US regulatory filing for its third China and Southeast Asia-focused fund, indicating that $762 million has been committed by LPs so far. This does not necessarily reflect the full extent of the GP’s fundraising efforts.
Carlyle India executive quits to raise mid-market fund - report
Mahesh Parasuraman, managing director with the Carlyle Group in India, is said to be leaving the firm to launch a fund with Sunil Vasudevan, a former partner with India Value Fund Advisors (IVFA).
TA Associates, Far East Horizon back China's YeePay
TA Associates has invested an undisclosed sum in YeePay, a Chinese payments provider that has previously received backing from several VC players. Hong Kong-listed financial leasing business Far East Horizon also contributed to the investment.
Japanese ticketing platform gets $5m Series B round
Japanese online ticketing platform Peatix has raised $5 million in a Series B round of funding led by DG Incubation, with strategic investment from SPH Media Fund and Japanese media company Sunny Side Up.
Mizuho Capital raises $170m for third mezzanine fund
Mizuho Capital Partners has launched its third fund focused on small- to medium-sized enterprises (SMEs) with initial commitments of JPY20.6 billion ($170 million).
PE investors exit India's SFO Technologies
IL&FS Investment Managers Limited (IIML), Franklin Templeton and Asia Mezzanine Capital Group (AMCG) have exited SFO Technologies, a leading Indian technology manufacturer.
KKR consortium buys GE's Australia consumer finance unit
A consortium comprising KKR, Värde Partners and Deutsche Bank has agreed to buy GE Capital’s Australia and New Zealand consumer lending unit for an enterprise valuation of A$8.2 billion ($6.3 billion).
China P2P car-sharing site uuzuche raises $10m
Uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform backed by Lightspeed China Partners, has raised $10 million in a Series A+ round of funding from Bitauto, a Chinese auto information web portal.
Japanese restaurant app Retty raises $8.2m
Fidelity Growth Partners Japan has led a JPY1 billion ($8.24 million) Series C investment in Retty, a Japanese social restaurant guide. Existing investors also took part.
Indian game developer Moonfrog raises Series A round
Indian mobile gaming start-up Moonfrog has raised $15 million in a Series A round of funding led by Tiger Global and existing investor Sequoia Capital.
PennSERS commits $50m to Primavera's second China fund
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to invest $50 million in Primavera Capital’s second China fund.
Rocket Internet leads $110m round for Foodpanda
Emerging markets-focused food delivery app Foodpanda has raised another $110 million in a funding round led by its Germany-based parent Rocket Internet. A number of existing and new backers also took part.
China interior design site To8to raises $200m
To8to, a Chinese interior decoration service platform, has raised $200 million in a Series C round of funding from Sequoia Capital, Matrix Partners China and classifieds online marketplace 58.com.
Lotte outbids PE, strategics for KT Rental with $908m deal
Lotte Group has agreed to buy South Korean car rental firm KT Rental from KT Corp. and other investors for KRW1.02 trillion ($908 million), beating out several other private equity and strategic players.