Alternative investment management and advisory firm CITIC Capital has invested more than RMB100 million (approximately US$16 million) in a Series A financing round for China-based vocational training provider Shsun Education Group. The company, which offers vocational training courses on architecture, real estate and financial services, intends to use the… Read More
China- and Taiwan-focused investment firm Zoyi Capital has acquired a controlling stake in China-based Pink Mary, a manufacturer and distributor of women's apparel. Pink Mary's products are sold in around 400 stores throughout China. Financial details of the transaction were not disclosed. Read More
Indian Institute of Management Ahmedabad's (IIM-A) technology incubator Centre for Innovation Incubation and Entrepreneurship (CIIE) has reached a second close on its cleantech fund, Infuse Ventures, with INR1.11 billion (approximately US$18 million) in capital commitments. Infuse Ventures held a first close last May and aims to reach a final… Read More
Venture capital firm Qiming Venture Partners has closed its fourth USD-denominated venture capital fund with US$500 million in capital commitments. The fund, which was oversubscribed, will focus on early- to growth-stage investments in the internet and consumer, healthcare, information technology and cleantech sectors in China. Read More
China-based investment holding company Tencent Holdings and Taiwan-based semiconductor manufacturer MediaTek have led a financing round worth more than US$200 million for China-based e-commerce platform Mmb.cn. Existing investor venture capital firm Sequoia Capital also participated in the round. Mmb.cn intends to use the new capital to build a nationwide… Read More
Funds advised by private equity and investment advisory firm CVC Capital Partners have acquired a controlling stake in Da Niang Dumpling Holdings, a Chinese cuisine quick-service restaurant operator based in China, from the founder, Wu Guoqiang, who will remain as a shareholder. Da Niang operates a network of over… Read More
Private equity fund manager Kerogen Capital has invested AUD30 million (approximately US$27 million) in Twinza Oil, a company with oil and gas interests in Australia, Papua New Guinea and Thailand. The deal was structured as a new share subscription and gave Kerogen up to a 29 percent stake in… Read More
China-focused private equity firm HAO Capital has sold its remaining 7.6 percent stake in Hong Kong-listed PAX Global Technology, an electronic fund transfer point-of-sale terminal supplier, for US$44 million. HAO’s realized proceeds total US$142 million on an original investment of US$30 million, bringing the gross multiple for the entire… Read More
Private equity firm L Capital Asia, which is backed by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in restaurant, club and lounge operator Ku Dé Ta Group, best known for its location in Singapore. The company, which recently opened a new location in Thailand and has… Read More
Quikr Mauritius Holding, which runs India-based classifieds website Quikr.com, has raised a US$90 million financing round led by Swedish investment firm Investment Kinnevik. The firm contributed US$39.3 million to the transaction, with the rest coming from Quikr’s existing investors, including private equity firms Warburg Pincus, Matrix Partners India and… Read More
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