The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Sushiro Global Holdings, a sushi restaurant chain majority-owned by Permira, is looking to raise up to JPY82.4 billion ($728 million) through an IPO in Tokyo.
Indonesian hotel reservation services provider Nida Rooms has raised a $5.6 million Series A round of funding led by China’s Shanda Group.
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
Japanese e-commerce company Mercari has agreed to acquire domestic competitor Zawatt, setting up an exit for a number of venture capital backers.
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
South Korea VIG Partners closed its third fund at the hard cap of $600 million, having won over LPs with its past history and future prospects in buying and building middle-market consumer businesses
China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
Northern Light Venture Capital (NLVC) has led an $18 million Series A round of funding for Ms. Paris, a Chinese online fashion rental company.
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
Lamabang, a Chinese parent-focused social platform backed by several VC investors, has raised a Series D round of funding from local home appliance retailer Suning Commerce.
Peepul Capital has cemented its control of snack food maker Unibic India by acquiring the entire stake of minority investor Lighthouse Funds.
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has acquired a controlling stake at Beequick, a snack food delivery app backed by several VC investors.
Sistema Asia Fund (SAF) has led an $8 million Series B round for Indian social network and online fashion marketplace Wooplr.
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
Singapore-based VC firm RB Investments has led a $10 million Series B round for Holiday Triangle Travel, operator of Indian online travel planning marketplace TravelTriangle.
Investec Bank has led a $19.5 million funding round for Trax Image Recognition, a Singapore-based company that uses visual technology to support manufacturers and retailers.
Jafco and several other Japanese venture capital firms have joined a JPY1.8 billion ($18.7 million) Series A round for Japanese stock-trading app developer Folio.
A mutual fund managed by US-based Vanguard Group has cut the value of its shares in Indian ride-hailing app Ola by 41%, joining several other US mutual funds in marking down Indian tech unicorns.
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.