Bain Capital has reached first closing of US$557 million for its Asian credit fund, as the private equity firm aims to capitalize on rising distressed debt investment opportunities in China and other countries in the region.
Chinese Internet giant Baidu Inc. and China Life Insurance Co., Ltd will launch a RMB7 billion (US$1 billion) private equity fund targeting investment opportunities in the Internet, artificial intelligence, online finance and mobility sectors.
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China’s venture capital market made strong gains in the second quarter of 2017, as the total value of new venture investments more than tripled to US$10.7 billion, compared to US$3.5 billion recorded during the first three months of the year, according to a KPMG report.
CITIC Capital Partners, an investment arm of CITIC Capital Holdings Ltd., has reportedly reached final closing for its China-focused private equity fund dominated in U.S. dollars at its US$1.57 billion hard cap, according to local media reports.
David Liu (pictured), formerly KKR’s co-head of private equity who left the firm last year to start his own fund, revealed the investment strategy for his new venture during an interview with Chinese media.
Canada Pension Plan Investment Board (CPPIB) and funds affiliated with Baring Private Equity Asia have agreed to acquire and privatize Hong Kong-based Nord Anglia Education at a valuation of US$4.3 billion including assumption of debt, the firms announced today.
Chinese private equity firm CDH Investments Fund Management Co. is working with the management of Hong Kong-listed Belle International Holdings Ltd. on a potential buyout of the struggling footwear and sports clothing retailer, according to media reports citing insiders.
Asian alternative investment management firm PAG has led a US$100 million series C round in Chinese used-car online auction platform Chezhibao, the company announced today.
Qualcomm Ventures, the venture capital arm of global semiconductor giant Qualcomm, Inc., and Accel Partners India have led a US$10 million series E round in Beijing and Bangalore-based Borqs International Holding Corp., a provider of smart connected devices and cloud service solutions for the Internet of Things (IoT) sector, according to a company announcement.
China’s biggest online dating platform, Baihe.com, plans to establish an investment fund with private equity firm JD Capital to invest in wedding service and wedding related companies and push for industry consolidation via mergers and acquisitions.
Kerogen Capital, a private equity firm specialising in the international oil and gas sector, has announced an initial US$50 million investment in an exploration and production company Energean Israel, a subsidiary of Greece-based Energean Oil & Gas.
AGIC Capital, an Asia-Europe cross-border growth equity firm founded by former Deutsche Bank executive Henry Cai, has reached a final close of its debut US$1 billion fund, the firm announced today.
Hamilton Tang, managing partner of Chinese private equity firm SMC Capital China, is betting on horses; or more importantly, the growing number of wealthy Chinese who want to own one.
Avery Dennison Corp., a New York Stock Exchange-listed packaging and labeling company, has agreed to acquire Chinese PVC tape manufacturer Yongle Tape Company Ltd. from Hong Kong and Singapore-based private equity firm ShawKwei & Partners at value of US$190 million.
Andrew Yan, managing partner of US$4.9 billion-under-management Chinese private equity firm SAIF Partners, has warned that the growth of government-backed investment funds is distorting and potentially destabilizing the market.
The Longfort Group, a private investment firm backed by an undisclosed Asian family office, has completed an acquisition of Scoozi Italian Restaurant Ltd. in Thailand, marking its first acquisition in the South-East Asian country, it said today. The deal is being done via a unit called L Concepts, Longfort’s food and beverage investment platform, and continues the group’s expansion in the Asian restaurant business. No financial details were disclosed. Scoozi is an Italian craft pizza restaurant chain in Thailand with …
Warburg Pincus-backed Asian warehouse developer and operator e-Shang Redwood has agreed to buy an 80% indirect stake in the manager of Cambridge Industrial Trust from National Australia Bank and investment firm Oxley Group, the firms said today.
An investment fund established by the Export-Import Bank of China and other institutional investors based in central and eastern Europe, has agreed to acquire Hungarian telecommunications company Invitel Group at an enterprise value of €202 million (US$214 million).
Chinese sovereign wealth fund China Investment Corporation (CIC), with over US$800 billion under management, plans to invest in infrastructure projects in the U.S. as President-Elect Donald Trump calls for a fiscal expansion package to stimulate the world’s largest economy.
China-focused alternative investment firm CDH Investments has closed its China mid-market fund at the hard cap of US$800 million in total commitments, according to media reports.
Singapore-based Axiom Asia Private Capital has completed the final close of its fourth fund, Axiom Asia IV, L.P, with over US$1 billion in total commitments and exceeding its target of US$750 million, the firm announced today.
A number of Chinese private equity investors have invested RMB639 million (US$100 million) in Chinese mobile advertising platform Yeahmobi to help it expand globally, the company announced yesterday.
Global alternative investment firm HarbourVest Partners has promoted Kelvin Yap to managing director in its Hong Kong office, as part of its 2016 global promotions.
Chinese drugmaker Shanghai Pharmaceuticals Holding Co., Ltd. and private equity firm Primavera Capital have completed a US$239 million buyout to acquire Australian vitamins maker Vitaco Holdings, the companies announced today.
Warburg Pincus has closed a US$2 billion China fund; a companion fund to its twelfth global private equity fund that closed in late 2015 with US$13.4 billion in total commitments.
Changsha, Hunan province-based eye hospital operator Aier Eye Hospital Group plans to acquire nine hospitals owned by two funds it co-established with two Chinese private equity firms in 2014 for RMB600 million (US$87 million) in total.
Mandarin Capital Partners has acquired a majority stake in Mipharm Spa, an Italian contract manufacturing organization engaged in the manufacturing and packaging of a wide range of drugs, the Sino-Europe private equity firm said today.
Private equity firm General Atlantic has promoted Hong Kong-based Erin Chang (pictured) to principal, while naming New York’s Aaron Goldman and Mumbai’s Shantanu Rastogi to managing director, the firm announced.
XIO Group, a London-headquartered private investment firm with ties to Chinese investors, has agreed to buy Israeli investment firm Meitav Dash Investments Ltd., with an eye to expand its businesses to emerging markets.
A fund managed by Chinese state-owned investment entity State Development & Investment Corporation (SDIC) has led a US$260 million series D funding round in Chinese biopharmaceutical company Innovent Biologics, according to Chinese media reports.