Fosun Kinzon Capital, the venture capital arm of Shanghai-based conglomerate Fosun Group, has changed its name to Fosun RZ Capital.
Venture firm Matrix Partners China has joined a RMB100 million (US$14.5 million) series A financing round in TianYi Research Institute, a Changsha, Hunan province-based commercial microsatellite start-up, according to Chinese media reports.
Beijing-based third-party payment platform Lakala Payment Co., Ltd., backed by Chinese Legend Holdings, is planning for listing on ChiNext, the NASDAQ-style bourse of the Shenzhen Stock Exchange, after the company's planned back-door listing via a reverse merger with Shanghai-listed Tibet Tourism failed to materialize.
The enormous growth in the number of Chinese venture funds, against the backdrop of a cooling investment market, could potentially bring disastrous impact to venture investing and start-ups in the country, a senior Chinese official warned.
Chinese conglomerate HNA Group has agreed to acquire an approximate 25% stake in Hilton Worldwide Holdings Inc. from the Blackstone Group LP for about US$6.5 billion, after the global private equity giant realized several exits this year by selling assets to Chinese buyers.
Chinese smart wristband maker Huami Technology, which makes the Mi Band fitness tracker for Xiaomi Inc. as a manufacturing partner, is reportedly seeking a new round of financing on a US$1 billion valuation.
Qiming Venture Partners has invested in LIH Investment & Management, a Beijing-based rehabilitation medical institution, according to a company announcement. Financial details were not disclosed.
Eugene Suh, formerly chief investment officer at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer based in Hong Kong.
Meet You, a Chinese female social network and mobile app operated by Xiamen Information Technology, has completed a RMB1 billion (US$151 million) new financing round from undisclosed investors, according to Chinese media reports.
Tsinghua Holdings has led a RMB150 million (US$23 million) series B round of financing in Tsinova, a Chinese smart bicycle start-up, the company announced.
Shunwei Capital and Northern Light Venture Capital have co-led a RMB100 million (US$15 million) series B round in Shenma Jinrong, an e-commerce start-up focused on credit-driven consumption in China's rural areas.
PCCW Ltd and Tencent Holdings Ltd have made a strategic investment in STX Entertainment, a Hollywood film studio and distributor backed by Hony Capital and TPG's growth unit, says a company announcement.
Kelaile, a Chinese big data marketing service provider, has completed a RMB110 million (US$16.6 million) series B round in July, according to Chinese media reports.
CDF Capital has led a RMB80 million (US$12 million) series A round of financing in Touzhijia.com, a P2P (peer-to-peer) online lending platform affiliated with Yingcan Group, according to a company announcement.
Hamilton Lane Advisors L.L.C. has reached final closing of a new global private equity fund-of-funds vehicle at US$516 million, exceeding its original target of US$400 million, the firm said in an announcement.
Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement.
Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement.
Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors.
China Investment Corporation has participated in a US$181 million series C financing round in Unity Technologies, a San Francisco-based video game engine maker.
Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car company Car Inc., has been approved to list on China's New Third Board.
Chinese condiment maker Yihai International Holding, in which Yunfeng Capital owns a 6% interest, has completed an initial public offering in Hong Kong to raise around HK$861 million (US$111 million).
IDG Capital Partners has reached final closing of IDG Capital Fund III with total commitments of US$1 billion, according to a company announcement.
Canadian private equity firm Onex Corporation and Baring Private Equity Asia have agreed to acquire the Intellectual Property & Science business (IP&S) from Thomson Reuters for US$3.55 billion, says a company announcement.
AMC Entertainment Holdings, Inc., the U.S. cinema chain owned by Dalian Wanda Group, has agreed to acquire London-based Odeon & UCI Cinemas Group from private equity firm Terra Firma in a transaction valued at approximately £921 million (US$$1.2 billion). The deal, if completed, will make AMC the largest cinema operator globally with over 7,600 screens. It will also provide an exit for Terra Firma on a 12-year-old investment. Terra Firma bought Odeon in 2004 for €650m to merge with UCI, which Terra Firma bought for €350m in the same year to create the U.K.'s largest cinema operator. "Over £600 million was invested in growing the business and delivering our long-term transformational strategy," says Guy Hands, chairman and chief investment officer of Terra Firma. "Under Terra Firma, the number of Odeon & UCI screens increased from 1,453 in 2004 to 2,236 today." The deal will be financed 75% in cash and 25% in stocks subject to lock-up periods. In March, AMC agreed to acquire U.S. theater circuit Carmike for approximately US$1.1 billion, including the assumption of debt. But the deal's future is uncertain as some Carmike shareholders are trying to make AMC increase the price.
China Growth Capital has led a US$10 million series B+ round in Juzi Entertainment, a new media content producer, with participation from Qihoo 360 Technology Co. Ltd.
The Carlyle Group is to exit from Concord Medical Services Holdings Ltd., a New York Stock Exchange-listed Chinese radiotherapy and diagnostic imaging center operator, as the company's chairman and chief executive proposes to take it private.
Chinese private equity firm Yung Park has led a RMB200 million (US$30 million) series B round of financing in Nash Work, a Beijing-based shared workspace start-up.
China Logistics Property Holdings, formerly known as Shanghai Yupei Group and backed by RRJ Capital and the Carlyle Group, has priced its initial public offering at the top of its price guidance to raise HK$3.4 billion (US$438 million) in total.
CVC Capital Partners has offered to buy out Nirvana Asia Ltd., Asia's largest funeral-services provider by revenue, for US$1.1 billion, says a company announcement.
Beijing-based installment payment e-commerce firm Qufenqi has raised RMB3 billion (US$449 million) in pre-IPO investment from two A-share listed companies, with participation from existing investors.
China Everbright Ltd. has made an undisclosed strategic investment in Hope Education, which is affiliated with Chinese animal feed firm New Hope Group Co., according to an announcement.