News
MVision hires two managing directors in Hong Kong
Placement agent MVision has hired Michelle Paisley and Dennis Kwan as managing directors in its Hong Kong office. They will join founder and CEO, Mounir Guen, who recently moved to Hong Kong to lead the firm's Asia expansion.
Japan online home-hunter service bags $2m from VCs
Japan's YJ Capital and Incubate Fund have invested JPY200 million ($1.9 million) in Ietty, a Tokyo-based start-up that runs an online platform for home-hunters.
Tembusu provides seed round for Singapore's GNum
Tembusu Partners has committed S$7 million ($5.5 million) in seed funding to GNum, developer of a patent-pending technology that allows calls from PCs and handheld devices to be routed to a user’s mobile phone without the need to first download an app....
Texas County & District commits $50m to Baring Asia fund
Texas County & District Retirement System (TCDRS) has committed $50 million to Baring Private Equity Asia’s sixth pan-regional fund, which recently reached a first close of $3.2 billion.
GIC bags minority stake in Jimmy Choo at IPO
Singapore sovereign wealth fund GIC Private has taken a 4.6% stake in Jimmy Choo as the luxury shoemaker went public on the London Stock Exchange at a valuation of GBP546 million ($879 million).
Fidelity, Somerset back India's Cygnus Medicare
Fidelity Growth Partners and existing backer Somerset Indus CapitalFund have invested INR600 million ($9.7 million) in Cygnus Medicare, an Indian operator of specialty hospitals in Delhi and Haryana.
CDH to realize $1.6b from WH Group through share pledge
CDH Investments, the largest PE shareholder in WH Group, will return capital to LPs by pledging shares in the Chinese pork processor worth an estimated HK$12.6 billion ($1.6 billion).
QIA pays $616m for stake in Hong Kong department store operator
Qatar Investment Authority (QIA) has bought a 19.9% stake in Lifestyle International Holdings – a Hong Kong-listed retailer whose properties include SOGO department stores – for HK$4.78 billion ($616.2 million).
Warburg Pincus gets approval for $191m India jeweler deal – update
Warburg Pincus has won approval from the Competition Commission of India (CCI) to purchase of a 24% stake in Kaylan Jewellers for $191 million.
Chinese PE firm agrees JV with US solar developer SunEdison
JIC Capital, an investment arm of China’s Central Huijin Investment, has formed a joint venture with SunEdison, a US-listed solar energy developer, to build a solar photovoltaic (PV) plant in China.
Telstra, Global Brain lead $19m round for India's Adnear
India location-based mobile advertising platform Adnear has raised a $19 million Series B round of funding from Telstra Ventures, the Australian telecom giant's corporate venture capital arm, and Japanese VC Global Brain.
Reliance PE becomes Fairwinds, targets $300m fund
Reliance Equity Advisors, which spun out from its parent Reliance ADAG in July, has re-branded as Fairwinds Private Equity and launched a new $300 million fund.
Qiming-backed life science firm BBI files for Hong Kong IPO
BBI Life Sciences Corporation, a Chinese genetic engineering specialist backed by Qiming Venture Partners, has filed for an IPO in Hong Kong. The company has yet to disclose the size and pricing of the offering.
PE-backed Wanda Cinema seeks for $326m in A-share IPO
China’s largest movie theater chain Wanda Cinema Line Corporation, which has a string of PE investors, has won regulatory approval for an IPO that could raise RMB2 billion ($326 million) in Shenzhen.
Neuberger Berman Japan, Korea PE commitments top $1b
Japanese and South Korean investors now account for more than $1 billion of the committed capital managed by Neuberger Berman’s private equity division.
US medical device maker gets $51m for China expansion
MID Labs, a US-based medical devices manufacturer that focuses on eye surgery, has received $51 million in funding from a group of investors to support its expansion into China.
PE-backed Hunan Juwei Food files for A-share IPO
Hunan Juwei Food, a Chinese snack food maker backed by JD Capital and Fosun Venture, has filed for an IPO on the Shanghai Stock Exchange.
Fosun-led consortium acquires 30% stake in China express firm ZJS
A consortium led by Fosun International has acquired a 30% stake in Chinese delivery service provider Zhaijisong (ZJS) Express for an undisclosed sum.
JFDI.Asia launches fifth start-up batch
Singapore-based start-up accelerator JFDI.Asia has launched the fifth batch of its program which will include 12 new companies.
Navis agrees $220m sale of engineering business Trio
Southeast Asian GP Navis Capital Partners has exited Trio Engineered Products, a Chinese-American maker of industrial processing equipment to UK-listed engineering firm Weir Group for $220 million.
Ex-Avenue, CLSA executives seek $200m for Asia healthcare fund
Three executives from Avenue Capital, CLSA Capital Partners and VC firm Dinova Capital have teamed up to launch a $200 million mid-cap fund that will make healthcare investments in Asia.
China's Suning sells stores to CITIC Goldstone for $655m
Suning Commerce Group, China's leading home appliance retailer, has sold 11 stores to CITIC Securities’ direct investment arm Goldstone Investment for RMB4.01 billion ($655 million).
Jiuding-backed Sino Great Wall lists in Shenzhen via reverse merger
Sino Great Wall International, a Chinese interior decorating contractor backed by JD Capital, plans to list on the Shenzhen Stock Exchange through a reverse merger with Victor Onward Textile Industrial.
India's Snapdeal set for $650m funding round – report
Indian e-commerce business Snapdeal is expected to raise up to $650 million in a new round of funding lead by Japan's SoftBank Corporation with existing investors also participating.