Baird Capital has acquired a minority stake in Nirvana Asia, a funeral services business that was privatized by CVC Capital Partners in 2016 in conjunction with the company’s founder.
Emerging markets private capital fundraising – led by emerging Asia – reached its highest point since the before the global financial crisis in 2017, according to EMPEA, with capital dispersed more evenly across different strategies than ever before.
Orchestra Private Equity, a GP that focuses on Korea-Japan cross-border transactions, has invested KRW61 billion ($56 million) for an 87% stake in Seoul Vision, a Korean post-production house for TV commercials.
Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM), has raised $20 million from existing investors including Warburg Pincus and Sequoia Capital.
Two former principals with Bain Capital Private Equity in Japan have established their own country-focused firm – Nippon Investment Corporation (NIC) – and are seeking to raise a $500 million fund.
Singapore will support local start-ups through a S$100 million ($76 million) intellectual property (IP) commercialization fund, with Temasek Holdings set to provide at least half the capital.
Taiwan Liposome, a venture capital-backed manufacturer of pain medication and treatments for eye conditions, has filed for a NASDAQ IPO.
Indonesian ride-hailing and delivery platform Go-Jek is set to achieve a post-deal valuation of more than $5 billion through a funding round that was expected to reach $1.5 billion but has seen the addition of several strategic backers.
Mahindra & Mahindra will invest up to INR1.76 billion ($27 million) in Zoomcar as part of a $40 million round for the Indian car-rental start-up. The rest of the capital comes from existing backers.
Australia-listed Super Retail Group has agreed to buy 100% of Macpac, a New Zealand-headquartered outdoor apparel and equipment supplier owned by CHAMP Ventures, for NZ$144 million ($107 million).
VIG Partners has agreed to buy an 83.1% stake in Korean food wholesaler WinPlus for KRW74 billion ($69 million). The investment includes a primary capital injection of KRW45 billion.
IFM Investors has moved from fund-of-funds through co-investment to a direct approach designed to meet its superannuation fund clients’ concerns about access, cost, and transparency. Is it working?
Should the next-generation Australian private equity firm be doing more to differentiate itself from the competition - in the eyes of potential investees as well as investors?
Kevin Zhang, one of the two co-founders of Chinese middle market private equity firm Ascendent Capital Partners, is retiring from the firm. He is understood to be planning to establish his own family office.
Chinese online retailer JD.com has raised approximately $2.5 billion for its logistics subsidiary from investors including Hillhouse Capital and Sequoia Capital China.
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 20.
The Blackstone Group has shuffled its senior leadership – with Tony James, the firm’s president and COO, handing over day-to-day management duties to global real estate head Jon Gray – as part of efforts to address succession planning.
Two pieces of legislation – one enacted and the other pending – are expected to facilitate corporate restructuring in Australia. It remains to be seen how turnaround investors take advantage of this
Pacific Equity Partners (PEP) has launched an Australia and New Zealand-focused secured assets fund intended to invest in companies that generate annuity income but also offer opportunities for traditional private equity-style operational improvement.
Tim Sims, co-founder and managing director of Pacific Equity Partners, discusses competition in Australian private equity, approaches to co-investment, succession planning, and his firm’s secured assets fund
Huami, a Chinese wearables manufacturer that has a strategic relationship with smart phone maker Xiaomi and several venture capital backers, has raised $110 million in its US IPO.
A consortium led by CITIC Capital has agreed to buy Euromoney Institutional Investor’s financial information database division for an equity value of $180.5 million.
Nintex, a workflow management software provider founded in Australia but now with a global footprint, has agreed to sell a majority stake to US-based middle market GP Thoma Bravo.
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.