News
VC-backed Chinese package tour platform files for US IPO
Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, is seeking to raise up to $120 million through a US IPO.
India Infoline buys majority stake in PE firm India Alternatives
IIFL Wealth Management, a listed unit of India Infoline (IIFL) Group which is in turn backed by The Carlyle Group, has acquired a majority stake in PE firm India Alternatives Investment Advisors.
China online music provider Kuke secures Milestone support
China-focused Milestone Capital has committed a Series A round of funding to Kuke.com, an online music supplier.
BVCF raises $200m for third China life sciences fund
BVCF, a China life sciences-focused PE firm, has reached a final close of $200 million on its third fund.
Temasek invests $40m in India's StarAgri
Temasek Holdings has invested INR2.5 billion ($40 million) in Indian agri-services provider Star Agriwarehousing and Collateral Management.
SAIF-backed Indian retail platform HomeShop18 files for US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has filed to go public on the New York Stock Exchange.
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Tata Opportunities Fund commits $50m to Varroc Engineering
Tata Opportunities Fund has invested INR3 billion ($30 million) in Varroc Engineering, an Indian auto component manufacturer owned by Varroc Group.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
MSPEA makes another partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) has made another partial exit from Hong Kong-listed Sihuan Pharmaceuticals, generating up to HK$1.12 billion ($145 million) through a block trade.
Baring Asia targets $3b for Fund VI
Baring Private Equity Asia will seek to raise around $3 billion for its sixth pan-regional fund, its largest vehicle to date.
Intel Capital plans $100m China smart device fund
Intel Capital, the venture capital unit of chipmaker Intel, has launched a $100 million China fund to help accelerate the growth of smart devices.
CDC invests $28m in India's Ratnakar Bank
CDC Group has paid $28 million for a 4.8% stake in India’s Ratnakar Bank, which specializes in lending to small businesses. The bank has been seeking to raise around $60 million ahead of an IPO.
Kingsoft commits $90m to VC-backed file-sharing service Xunlei
Chinese software developer Kingsoft Corporation will invest $90 million in Xunlei, a file-sharing service backed by a string of VC firms including Morningside Technologies, IDG Ventures and Ceyuan Ventures.
China online liquor retailer raises $68m
Jiuxian.com, a Chinese e-commerce site that sells wines and spirits, has raised RMB425 million ($68 million) across two rounds of funding.
Templeton to raise $100m India PE fund
Franklin Templeton is looking to raise up to INR6 billion ($100 million) for its second India-focused private equity fund.
Siguler Guff closes BRIC fund at $650m
Siguler Guff has raised around $650 million for its third BRIC opportunities fund. The total includes three separate accounts for large institutions.
IFC to invest $85m in PepsiCo's India bottler
International Finance Corporation (IFC) is investing $85 million in Varun Beverages, the largest South Asian bottler for soft drinks giant PepsiCo.
Chinese PE firm secures local pension fund tie-up
PE firm China Treasury Wharton Capital Management (CTWC) has partnered with China Social Welfare Foundation (CSWF), a government-backed public fund system, to develop an elderly care project.
Everstone invests $16m in India fashion house
Everstone Capital has invested INR1 billion ($16.6 million) in Indian fashion label RituKumar in return for an undisclosed minority stake.
Hopu supports $1.5b Noble Agri deal, reaches first close on Fund II
A consortium led by Hopu Investments will take a minority position in an agribusiness joint venture being set up by Chinese agricultural conglomerate COFCO Corporation and Noble Group, an agriculture and energy supply chain manager.
KKR, Affinity complete Oriental Brewery exit
KKR and Affinity Equity Partners have completed their exit of Korea's Oriental Brewery (OB) to previous owner Anheuser-Busch InBev (AB InBev) for $5.8 billion.
Wolseley's Blue Star targets Australia printing consolidation
Blue Star Group, an Australian printing and communications specialist owned by Wolseley Private Equity, has agreed to merge with Independent Print Media Group (IPMG) to form the country’s largest printing company.
IFC to support Brummer’s second Bangladesh fund
International Finance Corporation (IFC) plans to invest up to $20 million in Frontier Bangladesh II, a $100 million fund being raised by Swedish alternative asset manager Brummer & Partners.