February , 2009

News Flash

INSTITUTIONAL INVESTORS

Lloyds Banking Group Commits to China Fund

Lloyds TSB Development Capital, the private equity arm of the UK-based Lloyds Banking Group, has made a substantial allocation to China New Enterprise Investment Fund II. (People's Republic of China)



FUNDS

Nanchang Government Joins the VC Party

Nanchang, a city located in Jiangxi province, is to launch Nanchang New Century Venture Investment Co., a 300 million yuan (US$43.9 million) fund. The fund will primarily invest in seed-stage companies, with a focus on sectors such as new materials, biomedical, telecommunications, energy and media. (People's Republic of China)




Siemens Launches Its First VC Fund of Funds

Siemens Venture Capital GmbH announced the establishment of Siemens Global Innovation Partners I GmbH & Co. KG, its first fund of funds with a target size of US$200 million. The fund's principal focus will be allocations to venture capital funds in North America, while the balance will be deployed to Europe, Israel and Asia. (Global)



INVESTMENTS

Canaan, NEA Promote Mobile VAS

Canaan Partners and New Enterprise Associates ('NEA') announced their respective investments in Indian mobile value added service providers. Canaan Partners has made an undisclosed commitment to mCarbon, while NEA has reportedly injected US$6 million into ValueFirst Messaging. (India)





Navis Completes Buyout of Sah

Navis Capital Partners has deployed an approximate aggregate of US$21.5 million to complete is acquisition of a 62% stake in Sah Petroleums Ltd. The company is listed on the Bombay Stock Exchange. (India)




Intel Takes a Stake in Enjoyor

Intel Capital has inked an agreement with Zhejiang-based IT firm Enjoyor Technology Group ('Enjoyor') for an undisclosed amount. The injected capital will be used to help Enjoyor to further expand its operations. (People's Republic of China)




AltoBeam Beams with Capital

AltoBeam (BJ) Technology Co., Ltd., a Beijing-based mobile and digital television receiver chipset designer and developer, announced it has received US$8 million from a host of investors including Tano China Private Equity Fund I, PYJ-Dynasty Venture Fund, individual investors from Stanford University, funds managed by Draper Fisher Jurveston and its joint venture fund DFJ Dragon Fund. (People's Republic of China)



PEOPLE ON THE MOVE

Former KPCB China Partner Joins Matrix Partners China

Matrix Partners China announced the appointment of Mr Ian Goh as a Partner. (People's Republic of China)




Temasek Appoints New CEO

Temasek Holdings announced Mr Charles W. Goodyear will replace Ms Ho Ching as chief executive officer, effective 1st October 2009.(Singapore)




CDC Appoints New Chief Operating Officer

CDC Group plc announced the appointment of Mrs Shonaid Jemmett-Page as its Chief Operating Officer. (Offshore)









Stay tuned for APER's forthcoming issue for full coverage of the above!

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