News
Japan's Sompo mulls $1b purchase of Bregal-owned insurer Canopius
Sompo Japan Insurance is looking to acquire Canopius Group, a UK insurer which is 84%-owned by London-headquartered private equity firm Bregal Capital.
Secondaries specialist NewQuest reaches $215m first close on Fund II
NewQuest Capital Partners has reached a first close of $215 million on its second fund, which focuses on direct secondary opportunities in Asia. A final close of around $300 million – the hard cap is $330 million – is expected in the first half of...
Baring-owned school operator Nord Anglia plans $200m IPO – report
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, is reportedly preparing an IPO which could raise upwards of $200 million.
Shunwei leads $12m Series B round for online English site 51Talk
51Talk, a Chinese online English teaching platform, has received a $12 million Series B round of funding led by Beijing Shunwei Venture Capital. Existing backer DCM China also participated.
Navis races to $860m first close on seventh Asia fund
Navis Capital Partners has reached a first close of $860 million on its seventh Asian fund after less than three months in the market.
PE-backed GMR plans IPO - report
India's GMR Infrastructure has hired banks to manage the listing of its airport business, which has received funding from Macquarie SBI Infrastructure Fund and Standard Chartered Private Equity.
RRJ invests $349m in China Everbright International
RRJ Capital has paid HK$2.7 billion ($349 million) for a 7.85% stake in China Everbright International, a subsidiary of Chinese conglomerate China Everbright Holdings, becoming the second-largest shareholder in the company.
Tsing Capital leads $21m Series C for Phononic
Phononic, an US-based solid-state cooling and refrigeration technology firm, has completed a $21 million Series C round of financing led by Beijing-based Tsing Capital. National Bank Financial, existing backers Venrock and Oak Investment Partners also...
Japan's GPIF to make infra investments with OMERS, DBJ - report
Japan's Government Pension Investment Fund (GPIF) will join Canada's Ontario Municipal Employees Retirement System (OMERS) and the government-owned Development Bank of Japan to invest in infrastructure projects abroad.
China Cinda gains 26% on Hong Kong trading debut
China Cinda Asset Management saw its stock close up 26% on the IPO price for the biggest debut gain among large cap companies in Asia in more than two years.
SMBC to buy US rail lessor from Perella Weinberg
Perella Weinberg Partners will exit Chicago-based Flagship Rail Services to Sumitomo Mitsui Banking Corporation (SMBC) in a transaction valued at $1.1 billion.
PAG invests $250m in Universal Studios Japan
PAG has invested $250m in theme park operator Universal Studios Japan (USJ). The firm will be joining Goldman Sachs, MBK Partners and Owl Creek as shareholders of the Company.
PSERS, Louisiana Teachers commit to CVC's fourth Asia fund
CVC Capital Partners has received $175 million in commitments to its fourth Asia Pacific fund from Pennsylvania Public School Employees’ Retirement System (PSERS) and Teachers’ Retirement Systems of Louisiana (TRSL).
Moody's acquires Helion-backed Amba Investment Services
Moody’s subsidiary Copal Partners has acquired Helion Ventures-backed Amba Research for an undisclosed sum.
Australia's first equity crowd funding platform set for launch
Early-stage venture capital firm Artesian is aiming to launch Australia's first equity crowdfunding platform in February.
Warburg Pincus-backed e-Shang receives pre-IPO funding
Chinese warehousing developer and operator e-Shang, which was co-founded by Warburg Pincus and two local entrepreneurs in 2011, will receive $120 million in pre-IPO financing from Goldman Sachs. Warburg Pincus has also committed a third round of investment,...
Sailing Capital, Shanghai New Culture Media launch $165m fund
Sailing Capital has teamed up with Shanghai New Culture Media, a Shenzhen-listed media enterprise, to launch a RMB1 billion ($165 million) culture fund.
GGV leads Series B for China mobile gaming platform Yodo1
GGV Capital has led a Series B round of funding worth $11 million for Yodo1, a Chinese mobile gaming platform. Existing investor Singtel Innov8 also participated alongside new entrants Pavillion Capital and Iris Capital.
Kalaari, Singapore Press commit $10m to Magzter
Digital magazine store and newsstand Magzter Inc. has raised a $10 million Series B round of funding from Singapore Press Holdings and existing investor Kalaari Capital.
Actis to sell Sterling Hospitals stake back to promoter
Actis will exit a 2006 investment in India’s Sterling Hospitals chain by selling its 82% shareholding back to the founder, Girish Patel. Financial terms of the deal were not disclosed.
Unilazer leads $6m for Indian online lingerie retailer
Indian online lingerie retailer Zivame has received a round of Series B funding worth $6 million led by Unilazer Ventures. Existing backers IDG Ventures and Kalaari Capital Partners also participated.
Bain to acquire Japan's Macromill for $501m
Bain Capital is set to acquire Tokyo-listed Macromill, a Japanese online market research firm, after offering to buy all shares in the company for JPY51.4 billion ($501 million).
Hony-backed China Consun Pharma targets up to $140m for HK IPO
Consun Pharmaceutical Group, a Chinese medicine retailer backed by Hony Capital, is seeking to raise up to HK$1.09 billion ($140 million) through an IPO in Hong Kong.
India Value Fund Advisors invests $24m in Trivitron Healthcare
Trivitron Healthcare has received INR1.5 billion ($24.5 million) from India Value Fund Advisors (IVFA) for a minority stake in the medical technology company.