News
Skylake, Laird buy Korea's Model Solution
A consortium led by Skylake Investment has partnered with UK-based technology company Laird to buy Model Solution, a South Korean company that specializes in prototype design, for KRW70 billion ($67 million).
China's Hony eyes manufacturing, healthcare opportunities
China-focused PE firm Hony Capital is tracking investment opportunities in state-owned manufacturing and healthcare companies as the government seeks to further restructure its assets.
Pomona raises $1.75b for global secondaries fund
Pomona Capital has reached a final close on its eighth global secondaries fund at the $1.75 billion hard cap. The vehicle, which had a target of $1.3 billion, was substantially oversubscribed.
Japan set for first Sharia-focused PE fund
Tokyo-based technology investor Inspire Corp. has partnered with Malaysian asset manager Permodalan Nasional to form Japan's first Sharia-compliant PE fund targeting Malaysian businesses.
CBC, AsiaInfo back China travel solutions provider Baoku
China Broadband Capital (CBC) and telecom software developer AsiaInfo-Linkage have backed a Series A round of funding for Baoku.com, a Beijing-based travel solutions provider.
HarbourVest in $1b final close on co-investment fund
HarbourVest Partners has raised $1 billion for its latest global direct co-investment fund. The vehicle was oversubscribed, beating its $750 million target.
India's SIDBI invests in diabetes hospital
SIDBI Venture Capital has invested INR180 million ($3 million) in the India Kanungo Institute of Diabetes Specialities (KIDS) via its Samridhi Fund.
China online health forum secures $1m from Lightspeed
Lightspeed China Partners has committed $1 million to Kanchufang, a Chinese online healthcare information operator.
TPG, Fosun target Chindex gets better buyout offer
Chindex International has received a take-private offer from an unspecified financial bidder that values the Chinese healthcare provider at around $414 million, exceeding an earlier offer submitted by TPG Capital and Fosun Industrial alongside the CEO.
Jafco reaches $260m final close on fifth global VC fund
Jafco Ventures has reached a final close on its latest global fund at $260 million for its latest global fund. The vehicle, which was originally targeting $250 million, is the largest the firm has ever raised.
VC-backed China cosmetics retailer Jumei targets $400m IPO
Sequoia Capital investee Jumei International Holding, which claims to be China’s leading online retailer of beauty products, is seeking to raise up to $400 million through a NASDAQ IPO.
China’s AutoNavi agrees to be acquired by Alibaba
AutoNavi Holdings, a Chinese digital mapping and navigation firm, has agreed to be acquired by Alibaba Group in a deal valuing the NASDAQ-listed company at $1.5 billion.
India's Milestone exits Pune commercial property
Indian private equity firm Milestone Capital Advisors has exited its stake in a 250,000 square foot commercial property in Pune for INR1.45 billion ($24 million).
EQT plans to exit Taiwan cable TV unit
EQT Partners intends to exit its investment in Taiwan cable TV network Gala TV (GTV) for a reported NT$6 billion ($200 million).
Indian regulator to issue crowdfunding guidelines
India’s securities regulator plans to issue guidelines for crowdfunding as part of efforts to open up additional financing channels for start-ups.
India's Ratnakar Bank raises $55m from investors
India's Ratnakar Bank has raised INR3.28 billion ($54.6 million) from a consortium of investors, including CDC Group and Asia Capital & Advisors, in return for a minority stake.
Australia's PE-backed IPOs outperform wider market - study
Private equity-backed IPOs in Australia have out-performed comparable non PE-backed listings over both short- and long-term horizons, according to a new study.
PE-backed consortium ups privatization bid for China's Yongye
A consortium supported by Morgan Stanley Private Equity Asia (MSPEA) has modified its take-private bid for Chinese nutrients company Yongye International, sweetening the deal in return for a lower shareholder approval threshold for it to go through.
RRJ, Temasek commit $250m to Chinese warehouse developer
RRJ Capital and Temasek Holdings have agreed to invest $250 million in Chinese logistics player Shanghai Yupei Group, supporting the nationwide rollout of its warehouse network.
DCM commits $9m to China's DerbySoft
DCM has committed $9 million in a Series D round of funding for DerbySoft, a Chinese hotel technology solutions provider.
Zhongnan Heavy, ZEG Capital launch China media fund
Jiangyin Zhongnan Heavy Industries, a Chinese steel equipment manufacturer, and ZEG Capital, an investment arm of China Zhongzhi Enterprise Group, want to raise up to RMB3 billion ($483 million) for a media-focused buyout fund.
Vision Knight closes second China fund at $550m
Vision Knight Capital, a PE firm co-founded by former Alibaba.com CEO David Wei, has reached a final close on its second fund at the hard cap of $550 million.
Cerberus refuses to sell shares in Seibu IPO
Cerberus Capital Management pulled out of the Tokyo IPO of Japanese railway and hotel operator Seibu Holdings after the conglomerate slashed the estimated price of the offering by as much as a third.
Japan's B Dash Ventures backs photo curation site Iemo
Japanese VC firm B Dash Ventures has invested an undisclosed sum in Iemo, an interior design-focused photo site.