MediaTek’s subsidiary, Gaintech, invested in NetQin , which has 64.8% of the Chinese mobile security market, according to consultants Frost & Sullivan.
Month: December 2010
Tabula Digital raises $2m
Pearson joined the consortium in Tabula’s $4.7m series C round in April, which was led by Intel Capital and included venture capital firm Ascend Venture Group.
Oak Pacific grows towards 2011 IPO
Newswire Reuters said Oak Pacific has hired investment banks Credit Suisse and Deutsche Bank for its initial public offering, five years after it had initially been mooted.
Lend Lease ships fund to UK
Australia-listed property company Lend Lease Group has started a £220m ($350m) fund to invest in healthcare, education and accommodation infrastructure projects in the UK, in association with Netherlands-based pension fund PGGM Vermogensbeheer. Lend Lease will sell £105m of existing UK assets to the Lend Lease UK Infrastructure Fund and co-invest a further 10% in the… Continue reading Lend Lease ships fund to UK
Isuzu eyes Swaraj deal drive
News provider Dealcurry said emerging markets private equity firm Actis was in talks with Isuzu about selling its 5.6% stake in Swaraj, as well as the further 6.7% owned by UK state-backed development company CDC.
Sumitomo digs into Molycorp shares
Sumitomo gains a seven-year guaranteed mineral supply contract from Molycorp after investment in rare earths mining company following China’s decision to limit exports to Japan following a diplomatic incident in the summer.
One97 postpones flotation
Strategic investors were set to help their Indian mobile services portfolio company One97 float to raise money to buy more telecoms equipment but after an initial deferment until mid-December, the initial public offering has been further delayed until next year.
Intel joins Skolkovo development
Intel does not have “budget limitations” for the Skolkovo projects, in Russia.
Catabasis returns for second tranche
The $14.5m second tranche followed milestones towards clinical trials and came from MedImmune Ventures, a US-based corporate venturing unit of drugs company AstraZeneca, and venture capital firms SV Life Sciences, Advanced Technology Ventures and Clarus Ventures.
Chinese currency funds overtake dollars
Debate on the relative advantages and use of dollar and RMB funds in China as latter overtakes former in fundraising.
Venture market continues Chinese growth
The 10th China Venture Capital (VC) and Private Equity Annual Forum in Shanghai has found more than 850 attendees in a buoyant mood.
Sumitomo considers Molycorp stake
News provider Financial Times said Sumitomo’s was “considering a range of possibilities,” including an investment in mining company Molycorp.
BoSci avoids TyRx’s $20m round
Three venture capital firms rather than original backer Boston Scientific provide $20m for US-based medical equipment company TyRx.
ATS speeds into OpenVault
Advanced Technologies and Services invests in OpenVault ahead of planned partnership.