News
Au Financiers raises $21m from existing investors
Indian non-banking financial company (NBFC) Au Financiers has raised $21 million from existing shareholders, including the promoters, through a preferential allotment of shares.
Taiwan's CTBC gets approval to buy Tokyo Star Bank
CTBC Financial Holdings - formerly Chinatrust Financial Holdings - has received regulatory approval to buy Tokyo Star Bank from US private equity firm Lone Star and other creditors-turned-shareholders.
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.