News
Fidelity Japan leads $3m round for e-ticketing start-up PeaTiX
Fidelity Japan has led a $3 million Series A round for Japanese e-ticketing startup PeaTiX. The company provides an online platform for event organizers, allowing them to manage ticket sales.
Swedish asset manager backs $120m Philippines fund
Swedish alternative asset manager Brummer & Partners is backing a PHP5 billion ($120 million) Philippines-dedicated private equity vehicle known as the Navegar Fund.
Investors commit another $26m to Australia fashion site The Iconic
Australian fashion online retailer The Iconic has picked up A$28 million ($26 million) through a new round of funding led by Verlinvest, a Belgium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing shareholders Investment...
Markit launches private equity valuations service
Financial information services company Markit has launched a service for investors to value their assets held by private equity funds. It comes in anticipation of Europe’s Alternative Investment Fund Managers Directive (AIFMD), which requires alternative...
SEC removes PE general solicitation ban
The US Securities and Exchange Commission (SEC) has voted to remove the longstanding ban on general solicitation by private-issuers, opening a path for private equity firms to speak publicly about their fundraising efforts and engage more freely with...
Tata Capital backs Indian data security platform
Tata Capital has participated in a Series A round of funding for enterprise file sharing and sync (EFSS) and mobility vendor Vaultize. Financial terms were not disclosed, but the Tata Capital Innovations Fund aims to invest $4–10 million in companies...
CPPIB, Goodman inject another $500m into China logistics venture
Canada Pension Plan Investment Board (CPPIB) and Australian property and logistics firm Goodman Group have increased the equity commitment to their China joint venture, putting in another $500 million. A contribution of the same size was made last August,...
HarbourVest raises $3.6b for global secondaries fund
HarbourVest Partners has reached a final close of $3.6 billion on its latest global secondaries fund, exceeding the $3 billion target, on the back of strong investor demand. The fund, Dover Street VIII, is also larger than its predecessor, which reached...
ASK Property invests $25m in Indian residential project
ASK Property Investment Advisors (APIA) has invested INR1.47 billion ($24.4 million) in a residential project being developed by ATS near Delhi. This is the fifth investment from the $200 million ASK Real Estate Special Opportunities Fund.
China’s Capital Today invests in Home Original Chicken
Capital Today has committed RMB129 million ($21 million) for a 10% stake in Home Original Chicken, a Chinese fast food chain.
Samurai Incubate Fund invests in Japanese child monitor app
Samurai Incubate Fund has backed Japanese mobile app developer Unirings - the company behind child monitoring app Mimamoru. Financial details of the transaction were not disclosed.
CVCI invests $56m in Indian automotive parts maker
Citi Venture Capital International (CVCI) has invested INR3.4 billion ($56.48 million) in automotive and aerospace component maker Sansera Engineering for a “substantial” stake, the firm said.
Hong Kong launches start-up program
Hong Kong has launched a start-up program intended to attract local and global entrepreneurs to set up or expand their businesses in the city.
INCJ invests in $1.7m in Japanese tech firm Exvision
The Innovation Network Corporation of Japan (INCJ) has invested JPY180 million ($1.7 million) in Exvision, a company which develops high-speed image processing technology.
KKR raises largest-ever pan-Asia private equity fund
KKR has announced a final close of $6 billion on its second pan-Asian fund. Coming in 50% larger than its 2007 vintage predecessor, the fund is the largest regional private equity pool ever accumulated.
Goldman, Temasek invest $110m in Shanda’s Cloudary unit
Goldman Sachs and Temasek Holdings have committed $110 million for a minority stake in Cloudary, an online literacy platform controlled by Chinese internet company Shanda Interactive Entertainment.
Australia’s Next Capital buys Scottish Pacific from Lazard
Next Capital completed the acquisition of Australian debt finance company Scottish Pacific from Lazard Australia Private Equity. The transaction value wasn’t disclosed but local media reports put it at around A$90 million ($82.6 million).
Baring PE Asia set for Korea logistics buyout
Baring Private Equity Asia has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity. The deal is worth around KRW160 billion ($140 million).
Reliance exits Indian courier service for 2.4x return
Reliance Equity Advisors has exited courier company DTDC to French express logistics firm GeoPost for INR1.5 billion ($25.9 million) The PE firm bought a 39.51% stake for INR660 million in 2006, implying a 2.4x return on its investment.
Korea to grant start-up visas to foreigners
South Korea is to grant start-up visas to foreign entrepreneurs in a bid to facilitate inbound investment.
China’s Sailing Capital supports $400m round for Mobileye
China’s Sailing Capital participated in a $400 million round of funding round for Mobileye, a Netherlands-based operator of driver assistance systems, valuing the company at about $1.5 billion. It is one of five investors that will between them own...
Navis exits Australian oil and gas services provider
Navis Capital Partners has exited Callidus Process Solutions, an Australian industry valve maintenance specialist serving mining and oil and gas sites, to Pon Holdings Australia (PHA).
Apollo reaches $6.8b first close on global fund – report
Apollo Global Management has reportedly reached a first close of about $6.8 billion on its latest global fund. Apollo Investment Fund VIII set out with a target of $12 billion and has since introduced a hard cap of $15 billion.
Microsoft Ventures enters China market
Microsoft has launched Microsoft Ventures in China to provide seed funding and other resources to local start-ups.