News
DCM closes China VC Fund at $330m
Technology-focused venture capital firm DCM has closed its latest China-focused fund - DCM Ventures China Fund (DCM VII) - at $330 million, above the initial target of $250 million.
Carlyle to buy Tyco's Korea unit for $1.93b
The Carlyle Group has agreed to buy fire safety and security systems provider Tyco International’s South Korean business for $1.93 billion. According to AVCJ Research, it is the largest-ever buyout in Korea by a global private equity firm.
CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group....
Fosun invests $325m in Beijing Sanyuan Foods
Chinese conglomerate Fosun International has acquired a 20.45% stake in Beijing Sanyuan Foods, a dairy products producer, for RMB$2 billion ($325 million).
Alvarez & Marsal promotes Utamsingh to India co-head
Global professional services firm Alvarez & Marsal (A&M) has named Vikram Utamsingh, managing director responsible for its India transactions advisory group, as country co-head.
QIC PE unit invests in Australian building contractor
Australia’s QIC has bought a minority stake in Queensland-based Ostwald Construction Materials (OCM), the quarry and concrete solutions arm of Ostwald Bros. QIC acted through its private equity unit.
Oak Capital invests another $4.9m in Japan's Softfront
Oak Capital has invested JPY500 million ($4.9 million) in JASDAQ-listed IT services firm Softfront, increasing its stake in the company to 20.8%.
Ventech Capital invests in China's Zhenpu Education
France-based Ventech Capital has provided a Series A round of funding for Beijing-based Zhenpu Education. Details of transaction were not disclosed but the investment size is above $10 million.
GPIF joins DBJ, OMERS to invest up to $2.7b in infrastructure
Japan's Government Pension Investment Fund (GPIF), has formed a partnership with Development Bank of Japan (DBJ) and Ontario Municipal Employees Retirement System (OMERS) to jointly invest in infrastructure assets.
India VC Nexus raises $110m top-up fund
Indian GP Nexus Venture Partners is raising a $110 million “opportunity fund” focusing on later-stage investments in existing portfolio companies. The vehicle is not open to new LPs and is scheduled to close in March.
PE-backed Chinese education provider aims for $100m US IPO
Tarena International, a Chinese IT training services provider that counts Goldman Sachs, IDG Capital Partners and Jafco among its investors, is seeking to raise up to $100 million through a NASDAQ IPO.
Indian Angel Network in UK start-up SwiftShift
The Indian Angel Network (IAN) has committed an undisclosed sum in London-based workforce management tool SwiftShift. This is the group's first UK investment.
China's online pet store Boqii raises $25m Series B round
Boqii.com, a Chinese social network and e-commerce platform for pet owners, has secured $25 million in Series B funding from an undisclosed US-based investment firm, with participation from existing backer Goldman Sachs.
Nissay Capital invests $1.9m in Japan home renovation site
Nissay Capital has invested JPY200 million ($1.9 million) in Sekaie, the Japanese e-commerce start-up behind home renovation services website Rinoko.
Beijing Capital Group beats Carlyle to TPI's New Zealand business
Beijing Capital Group, a Chinese state-owned enterprise principally involved in infrastructure, has outmuscled bidders including The Carlyle Group to buy Transpacific Industries Group’s (TPI) New Zealand waste management business for NZ$950 million ($794...
Australia's Quadrant in $758m quick-fire fundraise
Australian GP Quadrant Private Equity has closed its seventh fund at A$850 million ($758 million) after just over one month in the market. The vehicle was two times oversubscribed with interest from both domestic and offshore investors.
Warburg Pincus-backed Sunshine 100 eyes $310m HK IPO
Sunshine 100 China Holding, a Chinese property developer backed by Warburg Pincus, has launched its Hong Kong IPO, seeking up to HK$2.4 million ($310 million).
ASK Pravi takes minority stake in Indian kidswear brand
India mid-market private equity firm ASK Pravi Capital Advisors has invested INR500 million ($8 million) in children's clothing manufacturer Indian Clothing League.
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.
VC-backed Food Runner buys Philippines' City Delivery
Food Runner, a Singapore-based food delivery company backed by Digital Media Partners, has acquired Philippines counterpart City Delivery.
Hony, Orix-backed theme park operator targets $345m HK IPO
Haichang Holdings, a Chinese theme park and property developer backed by Hony Capital and Orix Corp, is seeking to raise up to HK$2.68 billion ($345 million) through a Hong Kong IPO.
Qiming leads $15m round for Chinese personal finance app developer
Qiming Venture Partners has led a $15 million round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, with participation from IDG Venture Partners and CDH Investments.
Carlyle vies with local, Chinese bidders for Transpacific NZ - report
The Carlyle Group is expected to face competition for Transpacific Industries Group's New Zealand waste management unit from a competing bid from a local consortium involving two Maori tribes.
INCJ invests $4.7m in Trigence Semiconductor
The Innovation Network Corporation of Japan (INCJ) has invested $4.7 million in Trigence Semiconductor, a developer of digital audio technology.