News
Tyco shortlists PE firms for Korean unit - report
KKR, Bain Capital, IMM Private Equity and The Carlyle Group are reportedly among those shortlisted by US security specialist Tyco International as potential buyers for its South Korean unit - ADT Caps - in deal worth as much as $1.4 billion.
Asia, Middle East LPs help Affinity to $3.8b close on Fund IV
Affinity Equity Partners has reached a final close of $3.8 billion on its fourth pan-Asian fund, with investors from Asia and the Middle East accounting for a larger share of the corpus than their North American counterparts.
VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
Boyu reaches $1.5b target for second China fund – report
Boyu Capital has reportedly raised $1.5 billion for its second China-focused fund. A final close is expected within a few weeks.
Sequoia invests in China Angel Group hospital
Sequoia Capital has invested in a Series B round of funding for Angel Women’s and Children Hospital, a Chengdu-based hospital chain.
Mayfield raises at least $86m for India fund
Mayfield has raised at least $86 million for its second India fund, which was launched a year ago.
IDG, IvyCap back India's FieldEZ Technologies
Bangalore-based FieldEZ Technologies has raised a first round of funding from IDG Ventures and IvyCap Ventures. The amount invested in the workforce management software company was not disclosed.
Wakabayashi Fund invests in MIT Holding
Wakabayashi Fund, a private equity firm based in Tokyo and New York, has invested in US healthcare firm MIT Holdings. The financial details of the transaction were not disclosed.
Canaan leads $5.6m round for India's SureWaves
Canaan Partners has led a INR350 million ($5.6 million) round of funding for SureWaves MediaTech, an Indian TV advertising platform operating out of Bangalore. Existing backers Accel Partners India and India Innovation Fund (IIF) also participated.
Apollo's Grant Kelley named CEO of City Developments
Grant Kelley, head of Apollo Global Management’s Asia Pacific real estate business, has joined listed Singapore property developer City Developments (CDL) as CEO.
KKR fundraiser Clifford Chiu to retire
Clifford Chiu, a leading figure in KKR’s Asia fundraising efforts, will retire in June after seven years with the firm. He will return with his family to the US.
Portfolio Advisors closes global secondaries fund at $910m
Portfolio Advisors has closed its second dedicated global private equity secondaries fund at $910 million. The vehicle launched in 2011 and began investing in the third quarter of 2012, focusing on direct secondary fund interests.
Corruption an opportunity for SE Asia dealmakers
While corruption is pervasive in emerging markets, GPs in Southeast Asia have found ways to profit from the imperfections.
PE investors rue lost Japan carve-out opportunities
The lack of corporate carve-outs relative to the size of the opportunity in the space has been among the biggest disappointments for Japanese private equity, investors say.
Microsoft Ventures backs 19 Asian start-ups
Microsoft Ventures, a corporate VC arm of Microsoft, has selected 19 Asian companies for the fourth batch of start-ups entering its Beijing-based accelerator program.
Tencent invests in PE-backed China South City
Chinese internet company Tencent Holdings has bought a 9.9% stake in China South City Holdings, a logistics center operator that count PAG among its investors, for HK$1.5 billion ($193 million).
China's JD.com targets $2b IPO - report
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is said to be planning an IPO for the second half of 2014.
Contrarians bullish on India investment opportunities
Private equity players are upbeat on investment prospects in India, arguing that those looking to commit capital now will benefit when the country's weak economy eventually rebounds.
CITIC Capital consortium completes $887m AsiaInfo take-private
CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium.
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Technology Crossover Ventures leads Series B for Australia's Siteminder
Australian hotel booking start-up SiteMinder has raised $30 million in funding led by Palo Alto-based Technology Crossover Ventures (TCV).
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.
CDH chairman eyes China cross-border opportunities
Cross-border transactions will become increasingly prominent in China private equity deal flow as the country’s economy matures and domestic companies seek to expand overseas, according to Shangzhi Wu, chairman and managing director of CDH Investments.
Boston Scientific leads round for VC-backed Amaranth Medical
Amaranth Medical, a medical device manufacturer backed by Singapore’s Bio*One Capital and Phillip Private Equity, has received a Series C round of funding from US-listed Boston Scientific.