India-focused mid-market private equity fund manager Gaja Capital has invested US$25 million for a significant minority stake in Educational Initiatives, an India-based developer of interactive education and student assessment tools. The company, which has worked with more than 3,000 schools and maintains a presence in five countries, plans to use… Read More
China-focused private equity fund managers CITIC Capital Partners and FountainVest Partners and global alternative asset manager The Carlyle Group have reportedly exited China-based digital media network operator Focus Media. The consortium, which took the company private in 2013 and re-listed it on the Shenzhen Stock Exchange via a reverse merger… Read More
China-based discount e-commerce startup Pinduoduo has raised US$1.63 billion via its initial public offering (IPO) on Nasdaq. The company sold 85.6 million American Depository Shares for US$19.00 per share, valuing the company at US$33 billion. Pinduoduo is backed by China-based technology conglomerate Tencent Holdings and venture capital fund managers Sequoia… Read More
WeWork China, a subsidiary of U.S.-based office rental and co-working company WeWork, has raised US$500 million in a Series B funding round. Investors in the round included China-focused private equity fund managers Trustbridge Partners and Hony Capital, Singaporean sovereign wealth fund Temasek Holdings, global technology conglomerate SoftBank and the SoftBank… Read More
China-based online automotive services platform Cango has raised US$44 million in its initial public offering (IPO) on the New York Stock Exchange. Cango, which is backed by private equity fund managers Warburg Pincus and Primavera Capital Group, technology conglomerate Tencent Holdings and ride-hailing company Didi Chuxing, sold 4 million American… Read More
Baring Private Equity Asia has reportedly reached a first close for its seventh flagship fund with US$4.5 billion in capital commitments. Investors in the fund include Rhode Island State Treasury Public Pension Fund, which committed US$50 million, Teacher Retirement System of Texas and Canada Pension Plan Investment Board, as well… Read More
China-focused venture capital fund manager China Creation Ventures (CCV) has reached a final close for its debut U.S. dollar-denominated fund with US$200 million in capital commitments. The fund will target early-stage opportunities in the technology, media and telecom (TMT) sectors in China. CCV, which was established in 2016 by former… Read More
China-focused venture capital fund manager Long Hill Capital has reached a final close for Long Hill Capital Venture Partners 2 with US$265 million in capital commitments. Investors in the fund include pension funds, endowments, foundations, financial institutions, family offices and funds of funds. The fund will target opportunities in select… Read More
A consortium led by global alternative investment manager KKR has agreed to acquire all issued and outstanding shares of Taipei Stock Exchange-listed LCY Chemical for TWD56 (approximately US$1.83) per share and take the company private. The deal values LCY, which produces specialty chemicals for various industries, at TWD47.8 billion (approximately… Read More
Global private equity fund manager Warburg Pincus has led a US$140 million Series D funding round for China-based fintech company Hangzhou Wacai Internet Financial Services. China-focused venture capital fund manager Qiming Venture Partners, which originally invested in the company in 2014, also participated in the round. Wacai offers various mobile… Read More
(default archive template)