News
KKR considers bid for Australia's Regis Aged Care - report
KKR is said to be interested in buying Macquarie Group’s take in Regis Aged Care, one of Australia's largest private senior care home operators. There is significant private equity interest in the aged care space, which is seen as ripe for consolidation.
INCJ invests $8m in Japanese mobile payment start-up
Government-backed Innovation Network Corporation of Japan (INCJ) has invested JPY800 million ($8 million) in mobile payments processor Coiney.
CDH invests $3m in Chinese personal finance app Wacai
CDH Investments has committed $3 million in the latest round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer.
Qiming invests in traditional Chinese medicine business
Qiming Venture Partners has committed a Series A round of funding to Jun He Tang, a traditional Chinese medicine business. Financial terms were not disclosed.
PEP-backed Veda Advantage targets IPO
Pacific Equity Partners (PEP) is hoping to raise as much as A$340 million ($326 million) through a sale of new shares as it looks to launch the Australian IPO of credit-checking firm Veda Advantage this December.
Peepul Capital leads $30m Series E round for Komli Media
Digital advertising technology platform Komli Media has raised $30 million from new investor Peepul Capital. Existing investors Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in...
Startive Ventures-backed Freelancer targets small-cap IPO
Online jobs marketplace Freelancer.com has filed for its initial public offering on the Australian Securities Exchange with a view to raising A$15 million ($14.43 million). Startive Ventures owns 42% of Freelancer, chief executive Matt Barrie has 50%...
Massachusetts PRIT has best performing PE portfolio – study
Massachusetts Pension Reserves Investment Trust (PRIT) Fund has the best performing private equity portfolio among US pensions, returning 9.1% and 15.4% on a five-year and a 10-year basis, according to a study by the Private Equity Growth Capital Council...
PennSERS commits $50m to Asia Alternatives separate vehicle
Pennsylvania State Employees’ Retirement System (PennSERS) has committed a further $50 million to Penn Asia Investors, a separate account managed by Asia Alternatives that focuses on opportunistic investments in funds across the region. Last year the...
Malaysian financial comparison start-up gets $2m
Jungle Ventures has led a $2 million round of Series A funding for iMoney, a Malaysia-based financial comparison start-up. Other investors include IMJ Fenox, Fenox Venture Capital, Redbright Partners, 500 Startups and Vogel Ventures, as well as German...
Hong Kong Aircraft Engineering buys Timco from Owl Creek for $389m
Hong Kong Aircraft Engineering (HAECO), a listed aircraft maintenance provider controlled by Swire Pacific, has agreed to buy US-based Timco Aviation Services for $388.8 million from hedge fund operator Owl Creek Asset Managers.
OPIC calls for proposals from emerging market GPs
The Overseas Private Investment Corporation (OPIC), a development finance institution (DFI) backed by the US government, has made a call for proposals from GPs operating in emerging markets, including Asia.
Quadrant to buy APN's share of advertising JV for $67m
Quadrant Private Equity is set to buy joint venture partner APN News & Media's interest outdoor advertising venture APN Outdoor for A$69 million ($66.5 million).
Tata Capital buys stakes in Tata Sky, Mitra Biotech
Tata Capital’s offshore Tata Opportunities Fund (TOF) has acquired a 5% stake in direct-to-home (DTH) TV provider Tata Sky, while VC fund Tata Capital Innovations has backed cancer care company Mitra Biotech.
VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.
J-Star completes $6.6m exit of sweets maker Tokachi
J-Star has completed its exit of a 100% stake Japanese sweet maker Tokachi to Tokyo-listed Mediaflag in deal valued at JPY644 million ($6.6 million). According to sources familiar with the matter, the GP has generated a 1.3x return on its investment.
Australia’s Future Fund hikes private equity allocation
Australia’s Future Fund increased its private equity allocation from 6.3% to 7.2% over the 12 months to September 2013 as overall assets grew to A$91.7 billion ($88.5 billion).
China’s Sungy Mobile targets $80m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), is targeting a $80 million IPO and a listing on the New York Stock Exchange. The company, which focuses on apps, widgets and functions...
SAIF-backed HomeShop18 raises $14m round
Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company.
Actis invests $48m in Indian pharma company
Actis has invested $48 million for a significant minority stake in Symbiotec Pharmalab, an active pharmaceutical ingredients (API) manufacturer.
Macquarie to form infra JV with Japan's Maeda
Macquarie Capital will form a joint venture with Japanese engineering firm Maeda Corp. to invest in infrastructure and renewable energy projects.
Lead Capital invests $2m in Japan's Talknote
Lead Capital Management has invested JPY200 million ($2 million) in Talknote, the Japanese start-up behind the corporate social networking platform of the same name. This is the second round of funding the company has received, following an undisclosed...
Intel Capital unveils seven new Asia investments
Intel Capital, a corporate VC arm of chipmaker Intel Corporation, has invested in seven Asia-based companies as part of a batch of 16 global commitments totaling $65 million. The Asian firms, coming from China, India, Singapore, Japan and Taiwan, account...
Ex-CDH executive arrested in China
Gongquan Wang, founder of CDH Venture Capital, has been formally arrested by Chinese authorities following his detention last month on charges of assembling a crowd to disturb public order. Wang left CDH two years ago.