News
Arizona PSPRS commits to Trustbridge's fifth China fund
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Actis exits Indian retailer Nilgiri's to Future Group
Actis has exited it stake in India's Nigilri Dairy Farm , the business behind convenience store chain Nilgiri's, to Future Consumer Enterprise (FCEL), a retail unit of Kishore Biyani’s Future Group.
Partners Group appoints Cyrus Driver head of Asian private equity
Cyrus Driver has been named head of Asian private equity at Partners Group, replacing Andreas Baumann who has relocated to the US to head up the company’s business in the Americas.
Australia’s Archer Capital cuts size of fund
Australian GP Archer Capital has cut the size of its fifth fund – which reached a final close of A$1.5 billion ($1.2 billion) in late 2011 – by returning A$300 million in commitments to LPs.
Hopu to buy 15% stake in Australia’s Paladin Energy
Hopu Investments has agreed to acquire up to 15% of Paladin Energy as part of a A$205 million ($178 million) capital raising effort by the Australian uranium miner.
Sequoia leads $20m Series B round for China’s HunterOn
Sequoia Capital has led a $20 million Series B round of funding for HunterOn, a Chinese online recruitment service provider, with participation from IDG Capital Partners.
Everstone, Solmark acquire India's Servion Global Solutions
Everstone Capital and US tech-focused investor Solmark have agreed to acquire a majority stake in Servion Global Solutions, an India-based customer interaction management (CIM) solutions provider, for INR4 billion ($65 million).
Japan VC-backed internet firm Kayac files for IPO
Kayac, a Japanese internet company backed by Globis Capital Partners and CyberAgent, has filed for its IPO on the Mothers (market of the high-growth and emerging stocks) section of the Tokyo Stock Exchange (TSE).
Taiwan regulators promise greater transparency – AVCJ Forum
Local regulators stressed their commitment to encouraging private equity investment as industry participants at the AVCJ Taiwan Forum urged the government to appreciate the role the asset class can play in shoring up the island’s slowing economy.
Taiwan can’t afford not to have private equity – AVCJ Taiwan
Regulatory reforms that encourage private equity are vital if Taiwan is to revive foreign direct investment flows that trail other parts of Asia and maintain its competitiveness, a visiting US economic official told the AVCJ Taiwan Forum.
Affinity to exit Australia's Primo as JBS agrees $1.25b acquisition
Affinity Equity Partners will exit Australian deli meats producer Primo Group after Brazilian food processing giant JBS agreed to buy the business for A$1.45 billion ($1.25 billion).
Simpson Thacher adds fund formation partner in Asia
Adam Furber, a Hong Kong-based member of Simpson Thacher’s private funds practice, has been elected to partner. He was previously counsel at the firm.
Japan's GPIF names Hiro Mizuno CIO
Coller Capital partner Hiro Mizuno has been named CIO of Japan's Government Pension Investment Fund (GPIF). His appointment comes as the fund prepares to boost its exposure to alternative assets.
Navis-led consortium buys Singapore tech manufacturer
A consortium led by Southeast Asia-focused GP Navis Capital Partners has acquired MFS Technology, a Singapore-based developer of rigid and flexible printed electronic circuits, for $95 million.
VCs commit $60m to India restaurant listings site Zomato
Zomato, a restaurant search service based in India, has raised a Series E round of funding worth $60 million from Vy Capital and existing backers Info Edge and Sequoia Capital.
Australia's Aconex targets $120m IPO, PE to exit
US-based PE investor Francisco Partners will fully exit Australia’s Aconex as the cloud-based project management platform for the construction industry raises A$140 million ($120 million) through an IPO.
Xiaomi, Shunwei to invest $300m in Baidu-controlled iQiyi
Chinese smart phone maker Xiaomi and Shunwei Capital – a VC firm set up by Xiaomi co-founder and super angel investor Lei Jun – will invest $300 million in iQiyi, a video platform owned by Baidu.
Australia's Bigcommerce gets $50m growth equity round
SoftBank Capital, Telstra Ventures and American Express have led a Series D round of funding worth $50 million for Bigcommerce, an Australian e-commerce platform with a strong presence in the US. Existing investors General Catalyst and Revolution Growth...
JIP sells Japanese phone retailer ITX for $433m
Japanese electronics retailer Nojima has agreed to acquire a 100% stake in mobile phone retailer ITX from Japan Industrial Partners (JIP) for JPY51.3 billion ($433 million).
Goodman, CPPIB boost investment in China logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
VC-backed eHi Car Services raises $120m in US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has raised $120 million through an IPO on the New York Stock Exchange (NYSE).
Australia's VC-backed Campaign Monitor in US bolt-on acquisition
Australia's Campaign Monitor, an email marketing software developer backed by Insight Venture Partners and SalesForce, has acquired US survey software developer GetFeedback.
Jafco invests $1.2m in Japan's Interactive Solutions
Jafco Ventures has invested JPY150 million ($1.2 million) in Interactive Solutions, the Tokyo-based start-up behind enterprise marketing and productivity app Interactive-Pro.
Blackstone agrees $653m carve-out of Orica's chemicals business
The Blackstone Group has agreed to buy the chemicals division of Orica, an Australian supplier of explosives and blasting equipment to the mining industry, for A$750 million ($653 million).