News
Chinese stationery firm launches PE fund
Shenzhen Comix Stationery, a Shenzhen-listed stationery manufacturer, has won approval to launch a PE fund, which will be managed by Hejun Consulting.
India announces $1.6b fund to support start-ups
The Indian government has pledged to support local start-ups by launching a INR100 billion ($1.6 billion) fund-of-funds.
PE-backed Universal Studios Japan targets IPO - report
Universal Studios Japan (USJ) - a theme park operator backed by Goldman Sachs, PAG, MBK Partners and US hedge fund Owl Creek - is looking to list on the Tokyo Stock Exchange.
India lays ground for real estate investment trust roll-out
India’s long-awaited real estate investments trusts (REITs) inched closer to reality as the government offered clarification on the tax status of the structures.
India's YourNest compiles start-up wish list ahead of budget
Indian angel fund Your Nest has put together a list of recommendations on how the government can support start-ups ahead of the 2014-2015 budget statement.
Japan's Gree leads $4.5m round for HotelQuickly
Japanese tech giant Gree has led a $4.5 million Series A-1 round of funding for HotelQickly, a Hong Kong-headquartered last-minute hotel booking platform.
Secondaries, succession best source of control deals in Asia - Partners Group
Secondary acquisitions from other PE firms and founder succession planning are the richest sources of control transactions in Asia, says Partners Group, but in each situation winning over management and other stakeholders is vital.
SCPE backs China property joint venture
Standard Chartered Private Equity (SCPE) has led a $124 million financing round for a mixed-used commercial property development project in China.
KKR, PEP to make joint bid for Australia's Sai Global - report
KKR will reportedly team up with Australian private equity firm Pacific Equity Partners (PEP) to bid for risk management and standards compliance business SAI Global.
PE-backed Mobile World sets terms for Vietnam IPO
Mobile World, a Vietnamese mobile phone retailer backed by Mekong Capital and CDH Investments, has set terms for a stock market listing that will value the business at $200 million or more.
Everstone, Fidelity exit Transpole to Japan's SBS
Everstone Capital and Fidelity Growth Partners will exit Transpole Logisitcs as Japan's SBS Group agreed to acquire a majority stake in the Indian company for an undisclosed amount.
Sequoia's China Maple Leaf Education files for HK IPO
China Maple Leaf Education Systems, a Chinese international school operator backed by Sequoia Capital, has filed for an IPO on the Hong Kong Stock Exchange.
INCJ, Fidelity in $24m round for cloud storage provider
Innovation Network Corporation of Japan (INCJ and Fidelity Growth Partners have taken part in $24 million round for US-based Cloudian, a hybrid cloud storage solutions provider.
GGV leads $10m round for gamer-focused networking platform
Sino-US VC firm GGV Capital has led a $10 million Series B round funding for Curse, a US-based social networking platform that targets online gamers.
India app developer platform gets Series A round
Pokkt, an Indian alternative monetization platform for mobile app developers, has secured $2.5 million in Series A funding from Singapore-based Jafco Asia and SingTel’s corporate VC arm Innov8.
Temasek ups investment pace, boosts unlisted exposure
Temasek Holdings’ exposure to unlisted assets reached a record high as the state-controlled Singaporean fund made S$24 billion ($19.3 billion) in new investments for the year ended March 2014, the most in six years.
Standard Chartered PE commits $83m to Indian power business
Standard Chartered Private Equity (SCPE) will invest INR5 billion ($83 million) in the power grid subisiary of Sterlite Technologies, a listed Indian transmission solutions provider for the telecom and power industries.
Navis acquires Singapore oil and gas components maker
Navis Capital Partners has acquired a majority stake in Tri-Star Industries, a Singapore-headquartered component manufacturer for the oil and gas sector. AVCJ understands the deal is worth $50-100 million.
Prologis raises more capital for China logistics platform
Prologis, an industrial real estate investment trust (REIT), has raised another $588 million for Prologis China Logistic Venture, a platform used to acquire and manage logistics properties in China.
New Australian crowd-funding platform set for launch
A new equity crowdfunding platform called Equitise is being launched in Australia.
JBIC, Mitsubishi take stake in Middle East water company
The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
Horizons Ventures joins round for reputation site Traity
Horizons Ventures, a VC business owned by Hong Kong billionaire Li Ka-Shing, has participated in a $4.7 million Series A round for shopping-based social platform Traity.
Morgan Stanley PE Asia closes Fund IV at $1.7b
Morgan Stanley Private Equity Asia (MSPEA) has closed its fourth Asian fund at approximately $1.7 billion. The vehicle launched in mid-2012 with a target of $1.5 billion and reached a first close later that year of around $750 million.
Goldman Sachs leads $400m investment in Korean gas producer
A Goldman Sachs-led consortium has acquired a controlling stake in the industrial gas business of South Korean conglomerate Daesung Group for $400 million, including $200 million in convertible bonds.