News
Cathay Capital reaches $629m first close on Sino-French fund
Cathay Capital has reached a EUR460 million ($629 million) first close on its latest Sino-French fund which has a final target of EUR500 million.
Japan PE to benefit from new corporate 'psychology' - AVCJ Forum
Japan's buyout space is benefiting from a change in attitude among corporate leaders and founder-owners regarding private equity investors, say industry participants.
IFC commits $25m to India's Au Financiers
International Finance Corporation (IFC) has invested $25 million more in Indian non-banking financial company (NBFC) Au Financiers through a private placement of non-convertible debentures.
Japan's Rakuten launches $100m global VC fund
Rakuten Ventures - the corporate VC arm of Japanese e-commerce giant Rakuten - has launched a $100 million fund targeting start-ups in Asia Pacific, Israel and the US.
Fidelity leads Series C for India's Milk Mantra
Fidelity Growth Partners India has led an INR800 million ($13.3 million) Series C round of investment in Milk Mantra Dairy.
Tembusu Partners backs Indonesia coal player
Singapore-based private equity firm Tembusu Partners has invested $7.5 million in Param Mitra Coal Resources (PMCR), which owns two operating coal mines in Indonesia.
Equis buys 47% stake in China's Oriental Gas
Energy and infrastructure investor Equis Funds Group has taken a 47% stake in Chinese natural gas developer and operator Oriental Gas as part of a $43 million equity financing package.
China’s Longmaster acquires IDG's health site 39.net
Longmaster Information & Technology, a Shenzhen-listed software developer, has bought Chinese healthcare portal 39.net for RMB650 million ($105 million), facilitating an exit for IDG Capital Partners.
PE-backed China Shengmu Organic Milk launches $169m HK IPO
China Shengmu Organic Milk, an organic dairy maker backed by several PE investors, is targeting HK$1.31 billion ($169 million) through an IPO in Hong Kong.
GGV, Legend join $50m round for US shopping app Wish
Legend Capital and GGV Capital have participated in a $50 million round of funding for Wish, a San Francisco-based mobile shopping app operator.
Tencent invests $736m in VC-backed Chinese classifieds site
Tencent Holdings will pay $736 million for a 19.9% stake in 58.com, a venture capital-backed Chinese classifieds website that went public on the New York Stock Exchange last October.
Bertelsmann backs India’s Nirvana Ventures
Global media group Bertelsmann has made an LP commitment to Digital Nirvana Fund, an India-focused vehicle that supports start-ups in the digital space.
AVCJ daily bulletin returns July 2
There will be no AVCJ bulletin on Tuesday July 1 due to a public holiday marking the establishment of Hong Kong Special Administrative Region.
Catamaran Ventures teams up with Amazon in India
Catamaran Ventures, the private investment arm of Infosys co-founder N.R. Narayana Murthy, has formed a joint venture with Amazon intended to help small and medium-sized enterprises (SMEs) in India get online.
VC-backed RareJob goes public in Japan
RareJob, a Japanese English-language learning website that has received capital from a string of VC investors, ended the morning session of its trading debut at a more than 110% premium to its IPO price.
Japan LPs give mixed views on co-investment - AVCJ Forum
More Japanese LPs are recognizing the importance of co-investment for driving returns but some are still put off by the potential risks.
Alibaba picks New York Stock Exchange for IPO
Chinese e-commerce giant Alibaba Group announced it will apply to be listed on the New York Stock Exchange (NYSE).
Mandarin Capital exits Italian chemical maker to Ardian
Mandarin Capital Partners has fully exited its stake in Italmatch Chemicals, an Italian chemical maker, to European private equity firm Ardian.
Greenwoods invests $16m in China online rebate site Taofen8
Greenwoods Asset Management has committed RMB100 million ($16 million) in a Series A round of funding for Taofen8, a Chinese online discount aggregation site.
PE-backed Monash IVF loses momentum after $298m IPO
Shares in Australian in vitro fertilization company Monash IVF Group slipped below the offering price on the second day of trading, following a A$315.9 million ($298 million) IPO that saw Ironbridge Capital exit the majority of its holding.
PAG buys Commerzbank’s Japanese real estate business
A PAG-led consortium has acquired a portfolio of around EUR700 million ($954 million) in primary subordinated loans held by Commerzbank’s Japan real estate subsidiary, plus local operations and staff.
Abe's third arrow is Japan PE's 'best-ever chance' - AVCJ Forum
Prime Minister Shinzo Abe's third arrow of structural reform - and his ability to push it through - could present the best-ever opportunity for a resurgent Japan, industry participants say.
China sees first PE-backed IPOs in four months
The first two PE-backed Chinese companies to go public on domestic bourses in fourth months saw their shares jump more than 40% on the Shenzhen Stock Exchange.
Cisco allocates $40m to Indian start-ups
Cisco Investments, the VC arm of Cisco, has allocated $40 million to fund early-stage companies in India.