News
Softbank injects $627m into India e-commerce firm Snapdeal
Japanese tech giant SoftBank Group has agreed to invest $627 million in Indian e-commerce site Snapdeal, bringing the start-up's total funding to more than $1 billion.
China's COFCO plans IPO for PE-backed businesses
Chinese agricultural conglomerate COFCO Corporation is looking to list some of its assets, including Noble Group’s agribusiness unit and Dutch grain trader Nidera Holdings, both of which were acquired with PE support.
NRI investors sue ICICI Venture for damages
ICICI Venture is being sued by a group of 69 non-resident Indian investors who are seeking $103 million in damages from over alleged losses from a property fund run by the GP.
Alea Consulting opens Mumbai office
India-headquartered risk management advisory Alea Consulting has opened a new office in Mumbai, its third in the country.
India's Adlabs Imagica raises $8m from NYLIM, Jacob Ballas
Indian theme park operator Adlabs Entertainment has raised INR500 million ($8.18 million) in a pre-IPO round of investment from NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and Jacob Ballas Capital.
Canada's Cycle Capital to enter China cleantech market
Canada-based cleantech investor Cycle Capital Management (CCM) will help set up a venture capital fund in Qingdao as part of an investment partnership with the eastern China city.
Warburg Pincus raises $4b global energy fund
Warburg Pincus has closed its first dedicated energy fund at the hard cap of $4 billion, comfortably exceeding the $3 billion target.
China mobile marketing firm Lomark raises $30m
A group of VC investors – DFJ DragonFund, KPCB, ABC Capital and Shenzhen Fortune Venture Capital – have committed $30 million in Series B funding to Lomark, a Chinese mobile advertising firm.
China photo-sharing app Blink secures $20m round
Blink, a Chinese photo sharing and messaging mobile app, has raised $20 million in Series A funding from Tencent Holdings, Sequoia Capital, H Capital, ZhenFund and Innovation Works.
CDH VC, Pine invest in China cloud service provider Upyun
CDH Ventures and Pine Capital have provided a Series A round of funding for Upyun, a Chinese cloud services specialist.
Tamarisc leads Series A round for Australia's Serraview
Australian software-as-a-service (SaaS) start-up Serraview has raised a Series A round of funding from US-based venture capital firm Tamarisc as it looks to expand into US markets.
Orchid Asia invests in Chinese apparel maker La Chapelle
Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
EIG invests $125m in Indian renewables player Greenko
EIG Global Energy Partners has invested $125 million in Greenko, an India-focused renewable energy developer that has previously received funding from the likes of GIC Private and TPG Capital.
CVC-backed Link Net cuts size of Indonesia share sale
Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
PE-backed Luye Pharma to take full ownership of Beijing Jialin
Luye Pharma Group, a PE-backed Chinese drug maker, has taken full ownership of its industry peer Beijing Jialin Pharmaceutical, acquiring a 42.02% interest from existing PE shareholders.
Vertex leads investment in China household services app
Vertex Venture, an investment unit of Temasek Holdings, has led a Series B round for Ayibang, a Chinese housekeeping service booking app, with participation from Shunwei Capital Partners and Ceyuan Ventures.
Creador ups Fund II to $330m with additional commitment
Creador has increased the size of it second fund to $330 million after receiving an additional LP commitment of $30 million.
Tencent, Tiger Global lead $350m round for China mobile shopping app
Koudai Gouwu, a Chinese mobile shopping portal, has raised a $350 million Series C round of funding led by Tencent Holdings and Tiger Global. H Capital, VY Capital and DST Advisors also participated.
Creador in 3x partial exit from India's Repco Home Finance
Creador has made a partial exit from India's Repco Home Finance (RHF), generating a 3x return on its original investment.
China sovereign fund chairman moves to CICC
Xuedong Ding, chairman and CEO of China Investment Corporation (CIC), has moved to investment bank China International Capital Corporation (CICC) as its new chairman.
Centerbridge leads $352m restructuring of Australia-listed miner
Centerbridge Partners will support a $352 million restructuring plan for Boart Longyear, an Australia Securities Exchange-listed mining services provider that has struggled as falling commodities prices prompt a scaling back in exploration.
Sequoia leads $55m Series C for Chinese English-study site
Sequoia Capital has led a $55 million Series C round of funding for 51Talk, a Chinese online English-teaching platform, with participation from Shunwei Capital Partners and DCM.
Mizuho Capital to launch $300m SME mezzanine fund
Mizuho Capital Partners is set to launch a new JPY30 billion ($277 million) mezzanine fund which will support Japanese small- to medium-sized enterprises (SMEs) in the form of subordinated loans and preferred shares.
IDG-backed Sky Solar seeks up to $150m in US IPO
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, plans to raise up to $150 million through a US IPO.