Asia-Pacific

Israel woos private equity investors with tax break

The country's latest tax exemption for foreign investors applies to private equity profits, formerly taxed at rates of either 15% or 25%.

Taxi-focused media company raises RMB100m

Touchmedia will use the RMB100m Series C funding to boost its existing operations as well as to expand across China. Qiming Venture, Mustang Ventures and TLC Capital were among the returning investors.

STIC leads $30m Chinese casting investment

The investment will fund Yeong Guan Energy Technology Group’s machinery expansion as well as its new manufacturing facility in Li Yang City.

TPG to invest RMB550m in Chinese shoe retailer

The mega-buyout firm is poised to take a 14.5% stake in Daphne. The Hong Kong-listed business operates more 3,000 retail outlets selling its own-brand ladies footwear and major brands such as Nike and Adidas.

Report: Blackstone, Carlyle and TPG eye Hui Yuan minority stake

Several private equity firms are reportedly looking to take a minority stake in the Warburg Pincus-backed Chinese beverage company, which recently had a buyout by Coca-Cola scuppered by anti-monopoly issues.

Lombard buys into Thai retail operator

The Asia- and North America-focused private equity firm has acquired 48 million shares in Robinson Department Store for an estimated price of THB396 million.

Temasek cuts losses in Bank of America

Temasek Holdings has divested its stake in Bank of America, as it seeks to reduce its exposure to OECD economies.

Chinese gaming company receives $20m

Venture capital firms IDGVC Partners and Infiniti Capital are backing the growth of Beijing-based One Net Entertainment. The $20m investment will be used by the company to pursue gaming development and to launch more mobile and online games.

Report: Hopu, Temasek buy into CCB in $7.3bn deal

A reported 6% stake sale by Bank of America in China Construction Bank has allowed Temasek to increase its 5.6% stake. For Hopu, it marks its second investment in a Chinese bank this year.

Report: CVCI looks to exit Chinese medical equipment company

Landwind will reportedly ask private equity firms including Bain Capital and Goldman Sachs’ private equity arm to submit first-round bids for a minority stake.