News
Abraaj, CDC back India’s Rainbow Hospitals
The Abraaj Group and CDC, the UK government’s development finance arm, have together committed $17.5 million to Rainbow Hospitals, a pediatric and maternity healthcare facility in the southern Indian state of Andhra Pradesh. The size of the stake was...
Intel Capital commits $8.8m to Indian big data firm NxtGen
Intel Capital, global chipmaker Intel’s corporate VC arm, has invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider. The capital will primarily be used to complete NxtGen’s large high-density...
Zodius seed funding supports Antuit's US acquisition
Zodius Capital provided $3 million in seed funding to Antuit, a Singapore-headquartered big data and analytics company. A portion of the capital will be used to finance the purchase of Marketwell, giving the company a readymade footprint in the US market.
Avendus picks up stake in India’s MT Educare
Avendus Private Equity has bought a 1.2% stake in school and professional college tutorial chain operator MT Educare for INR46.9 million ($ 762,408) in an open market transaction.
Tiantu Capital makes the first investment via sixth RMB fund
China’s Tiantu Capital has committed RMB80 million (US$13 million) to Ganqishi, a Hangzhou-based Chinese cuisine food chain, for an undisclosed stake. It is the first investment from the VC firm's sixth renminbi-denominated fund.
General Atlantic appoints new India senior VP
General Atlantic (GA) has appointed Alok C. Misra as senior vice president of the firm’s Resources Group in Mumbai.
Fab raises $5m from Itochu Corp
Online lifestyle store Fab.com has raised $5 million from Japan’s Itochu Corporation, as the two develop a joint venture agreement to bring the company to Japan in 2014.
Bain to sell Domino’s Japan for $123m
Bain Capital will sell a 75% stake in Domino’s Pizza Japan (DPJ) to Australia-listed Domino’s Pizza Enterprises (DPE) for JPY12 billion ($123.4 million). The buyer will provide JPY9 billion of new debt funding, implying an enterprise value for the...
Shenzhen lottery site 500wan.com eyes $150m US IPO – report
Chinese venture capital-backed local lottery website 500wan.com plans on raising at least $150 million through an IPO in the US later this year.
Citigroup names new COO
Citigroup has appointed Michael Borch as its new chief operating officer for corporate and investment banking (CIB) in Asia Pacific, replacing Christopher Laskowski who has been in the role since 2010.
TPG-backed Li Ning posts first half loss
Li Ning, the Chinese sportswear retail group backed by GIC Private and TPG Capital, has reported a net loss of RMB184 million ($30 million) in the first six months of this year, compared with a RMB44.3 million profit in the first half of last year.
Chinese online legal site receives $1.88m funding
Morningside Technologies, ZhenFund and Chinese angel investor Zhikang Dai have committed to a RMB11.5 million ($1.88 million) Series A round of funding for Legal.cn, a Beijing-based online legal services provider.
PE-backed Ratnakar Bank buys part of RBS' India business
Ratnakar Bank will acquire Royal Bank of Scotland's (RBS) Indian credit cards, mortgage and commercial banking portfolios for an undisclosed sum. The small-sized private sector lender has raised around INR10.7 billion ($177 million) from private equity...
Global Infra Partners Explores Brisbane Port Sale – report
Global Infrastructure Partners (GIP) is reported to be exploring the sale of its stake in one of Australia's largest container ports.
Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
Shenzhen Capital invests China’s Le Vision Pictures
Shenzhen Capital Group has invested in a Series A round of funding for Le Vision Pictures, the Beijing-based film making arm of online film and TV portal LeTV. Details of transaction were not disclosed but this latest investment bring to total amount...
Indian VC Aavishkaar closes Fund II at $94m
Aavishkaar Venture Management Services has closed its second fund, Aavishkaar II, at $94 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based family office.
Australian VCs merge to form Square Peg Capital
Early-stage investment fund Square Peg Ventures and Victoria Capital have merged to form the new investment platform, which will work with investors on a deal-by-deal basis.
Quantum-backed Intrepid Mines loses CEO
Brad Gordon, the chief executive of Intrepid Mines - the embattled Australia-listed resources company backed by Hong Kong private equity firm Quantum Pacific - has resigned.
Korea's KIC to boost alternatives exposure to as much as $10b
Korea Investment Corp. (KIC) is planning to triple its allocation to alternative assets - spending as much as $10 billion in an effort to diversify its portfolio.
Scentan Ventures takes part in $2m round for Japanese curation app Antenna
Singapore's Scentan Ventures has joined Tokyo-based strategic investor Macromill in investing JPY1.5 billion ($15.5 million) in Glider Associates, the Japanese startup behind smartphone curation app Antenna, for a 25.6% stake.
IFM takes 34% stake in NZ's Scottish Pacific
Australia's Industry Funds Management (IFM) has taken a 34% stake in New Zealand financial services company Scottish Pacific.
Anacacia reaches Fund II final close
Anacacia has reached a final close on its second fund, Anacacia Fund II, at a hard-cap of A$150 million. The fund, which was first launched in July last year with a target of A$50-100 million ($44-89 million), reached its first close of A$80 million within...
ASK Pravi invests $9.7m in India’s OMNI Hospitals
ASK Pravi Capital Advisors has invested INR600 million ($9.7 million) in the tertiary care OMNI Hospitals chain for a significant minority stake.