News
SIG commits $20m to China discount site 51Fanli
SIG China has committed $20 million in a Series B round of funding to 51Fanli, a Shanghai-based online discount aggregation site.
Yunfeng raises more than $1b for China fund
Yunfeng Capital, a Chinese PE firm set up by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, has reached a final close of around $1.1 billion on its second fund.
DST leads $210m round for India's Flipkart
Indian e-commerce giant Flipkart has raised a $210 million round of funding led by Russian investor DST Global.
IMC PE unit invests in Singapore's Q&M Dental
Heritas Helios Investments (HHI), a healthcare PE fund seeded by Singaporean conglomerate IMC, has acquired a 10% stake in Q&M Dental Group from existing shareholders for S$30 million ($24 million).
China PE funds invest in Hunan Boyun New Materials
Shenzhen-listed Hunan Boyun New Materials has raised RMB629 million ($100 million) from investors including domestic PE funds Xiangtou High-Tech Venture and Hunan Da Boyun Investment.
Japan's INCJ joins $8.2m deal for TB vaccine developer
The Innovation Network Corporation of Japan has made a joint investment with Osaka-based Dainippon Sumitomo Pharma and Japan BCG Laboratory in Create Vaccine Company, which is developing a new tuberculosis (TB) vaccine.
Standard Chartered commits $50m to Indonesia hospital business
Standard Chartered Private Equity (SCPE) has agreed to invest up to $50 million to support an Indonesian healthcare business being developed by domestic media giant Emtek Group.
IFC commits $147m to India's Jubilant Pharma
International Finance Corporation (IFC) has completed one of its largest investments in India’s healthcare sector, committing $147.5 million to Jubilant Pharma.
Auda names Jacob Chiu head of Asia, opens in Shanghai
Auda has appointed Jacob Chiu, who departed FLAG Squadron Asia last year, as managing director and head of its Asia business. The fund-of-funds, secondaries and co-investment solutions provider has also opened an office in Shanghai.
Canada’s CPPIB doubles Asia private equity exposure
Canada Pension Plan Investment Board’s (CPPIB) exposure to Asian private equity more than doubled to $5.2 billion for the year ended March 2014, as total assets under management jumped to a record high of C$219.1 billion.
Taiwan's CDIB, Govtor Capital launch $320m PE fund
Taiwan’s CDIB Private Equity has teamed up with China’s state-owned Govtor Capital to create a RMB2 billion ($320 million) private equity fund.
WestBridge leads Series C round for India's Vistaar Finance
WestBridge Capital has led a INR1.6 billion ($27.4 million) Series C round for Indian non-banking financial company (NBFC) Vistaar Finance.
Abraaj invests in Thai education provider
The Abraaj Group has acquired an undisclosed stake in KPN Academy, an out-of-school education service provider in Thailand.
Indosat, SoftBank form $50m Indonesia VC fund
Indonesian mobile telecom operator Indosat and Japanese Softbank have launched a $50 million venture capital fund targeting Indonesian start-ups.
VCs invest $1.3m in Japan mobile rewards platform
Gree Ventures, CyberAgent Ventures and Incubate Fund have together invested $1.3 million in Yoyo, the start-up behind mobile rewards platform Candy.
Unitus backs India mobile e-commerce site Jiffstore
Unitus Seed Fund has invested in Jiffstore, an Indian mobile e-commerce company. Financial details of the deal were not disclosed.
Australia's PEP submits $1b take-private bid for SAI Global
Pacific Equity Partners (PEP) has launched a take-private bid for SAI Global that values the Australian Securities Exchange-listed risk management and standards compliance business at up to A$1.1 billion ($1 billion).
VC-backed Xunlei files for US IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, has revived plans for a US IPO, two-and-a-half years after abandoning a NASDAQ offering due to market volatility.
VC-backed Indian e-commerce giant Flipkart acquires Myntra
VC-backed Indian online shopping company Flipkart has acquired fashion retailer Myntra as competition intensifies in the country's e-commerce market.
China's JD.com jumps 10% on NASDAQ debut
Shares in PE-backed Chinese online retailer JD.com jumped nearly 10% on their first day of trading on NASDAQ following a $1.78 billion IPO.
TPG closes sixth Asian fund at $3.3b
TPG Capital has closed its sixth pan-Asia fund at $3.3 billion after more than two years in the market.
ICICI Venture-backed India theme park operator files for IPO
Adlabs Entertainment, the ICICI Venture-backed firm behind theme park Adlabs Imagica, wants to raise more than INR4 billion ($68 million) through an India IPO.
China audio platform Ximalaya raises $11.5m
Ximalaya, a Chinese audio sharing platform, has raised $11.5 million in a Series A round of funding from KPCB, SIG China and Sierra Ventures.
Hony, Tencent buy plots in Qianhai land auction
Hony Capital and Chinese internet giant Tencent Holdings have bought land in Shenzhen’s Qianhai special economic zone for RMB2.19 billion ($351 million).