News
PE-backed Shuanghui eyes $6b HK IPO - report
Shuanghui International Holdings, the PE-backed Chinese meat processing company which recently acquired US pork producer Smithfield Foods, has reportedly hired six banks as sponsors for its intended $6 billion Hong Kong IPO next year.
Headland launches $357m Kreuz takeover offer
Hong Kong- based PE firm Headland Capital Partners has launched a takeover offer for Singapore-listed Kreuz Holdings, a subsea services provider to the offshore oil and gas industry. Under the terms of the proposed agreement, all outstanding shares...
Globis, Intel-backed V-Cube files for Tokyo IPO
V-Cube,a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, has filed for its Tokyo IPO.
CNEI invests $25.4m in Chinese drug developer
China New Enterprise Investment (CNEI) has acquired a 17% stake in Fudan-Zhangjiang Bio-Pharmaceutical (FDZJ) for $25.4 million, becoming the second-largest shareholder in the Shanghai based bio-pharmaceutical firm.
SMBC, NEC-backed VC fund backs US semiconductor firm
Innovative Venture Fund, an early stage investment fund set up by Japan's NEC Capital and SMBC Venture Capital, has a led a round of investment in SiTime Corp, a US-based semiconductor company. Additional participants in the round included Hercules Technology...
Globis backs online stock photo site Pixta
Globis Capital Partners has invested JPY70 million ($700,000) in Pixta, the Japanese company behind stock photo and online storage service site Pixtastock.com.
Carlyle buys global real estate platform
The Carlyle Group has completed the acquisition of Metropolitan Real Estate Equity Management (MREEM), a real-estate fund-of-funds business with more than $2.6 billion in capital commitments. Equity for the transaction came from Carlyle's balance sheet...
KKR targets $474m Bis Industries IPO – report
KKR is reportedly planning a December IPO for Australian mining logistics company Bis Industries, with marketing to institutional investors to begin this week.
China Asset Management-led consortium reduces iSoftStone bid
The private equity consortium seeking to privatize US-listed Chinese IT services provider iSoftStone Holdings has reduced its offer for the company following a second-quarter loss and warnings of more difficulties to come. The revised offer values iSoftStone...
Apollo, Oaktree-owned Nine Entertainment targets $658m IPO
Australian TV network Nine Entertainment - which is backed by US hedge funds Oaktree Capital Group and Apollo Global Management - is looking to raise up to A$697 million ($658 million) in its IPO set for December. The capital raised will be use to pay...
Darby exits India's Symbiotec Pharmalab, Actis ups stake
Darby Private Equity, the PE arm of Franklin Templeton Investments, has exited its investment in Symbiotec Pharmalab to Actis. Financial terms were not disclosed.
Qunar shares nearly double on NASDAQ debut
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, saw its stock nearly double on the first day of trading on NASDAQ on Friday. It betters the 42% gain posted by VC-backed Chinese classifieds website 58.com a day earlier.
Warburg Pincus completes $540m exit from Australia's Transpacific
Warburg Pincus has exited its one third holding in Australian waste management firm Transpacific Industries Group via the public market, generating proceeds of around A$570 million ($540 million).
Kaiwu nears $100m mark on debut China VC fund
Kaiwu Walden Capital, a China-based early-stage venture capital firm, has so far raised $98 million for its debut fund after just over one year in the market.
Central Asia oil producer sells Kazakh assets to China PE fund
Tethys Petroleum, a Central Asia and Caspian region-focused oil and gas producer, has agreed to sell half of its Kazakhstan oil and gas assets to Sino Oil and Gas Investment (SinoHan), a subsidiary owned by Beijing-based HanHong Private Equity Group.
Blackstone buys into China shopping mall developer
The Blackstone Group and ICBC International will acquire stakes of 40% and 6% respectively in Chinese shopping mall developer and operator SCP. The financial terms were not disclosed but Blackstone’s investment is reported to be worth $400 million.
Taiwan's Chinatrust to buy Tokyo Star Bank for $530m
CTBC Financial, the parent company of Taiwan's Chinatrust Commercial Bank, is to buy a 98.16% stake in Tokyo Star Bank for JPY52 billion ($530 million) from US private equity firm Lone Star and other creditors-turned-shareholders. It will be the first...
Hony-backed Hydoo raises $200m in HK IPO
Hydoo International Holdings, a Chinese commercial real estate developer backed by Hony Capital, has raised more than $200 million in a Hong Kong IPO.
Malaysian government unit to raise $95m infrastructure fund
Pelaburan Mara, the investment and asset management arm of the Malaysian government’s Majlis Amanah Rakyat agency, plans to launch a MYR300 million ($94.9 million) private equity infrastructure fund early next year to invest in the social infrastructure...
Baidu, VC-owned Qunar ups US IPO target
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, has increased the indicative price range for its forthcoming IPO and is now expected raise as much as $155.4 million.
New Zealand, Taiwan cross-border fund ups target to $70m
A cross-border fund launched by New Zealand-based Pan Pacific Capital and Taiwan's state-run Institute for Information Industry (III) has raised its target to $70 million and is nearing a first close.
Matrix provides Series A for Shotformats Digital Works
Matrix Partners India has provided a Series A round of funding for Shotformats Digital Works, a distribution and digital entertainment company. Financial terms were undisclosed.
China classifieds site sees shares close up 42% on US debut
Chinese online marketplace 58.com – a classifieds website along the lines of Craigslist, backed by Warburg Pincus, SAIF Partners and DCM – saw its shares close up 42% on the first day of trading on the New York Stock Exchange. Coming in the wake of...
Sequoia leads $16m investment in Cloudnine hospital chain
Sequoia Capital has led INR1 billion ($16.3 million) investment into Bangalore-based infant and maternity care hospital chain Cloudnine. Existing investor Matrix Partners also participated in the round.