Kr Space, a China-based co-working space operator, has received RMB600 million ($92 million) in a pre-Series B round of funding from its existing investors.
Australian container supplier Brambles has agreed to sell its North American recycled pallet business to Grey Mountain Partners, a US-based mid-market GP, for an enterprise value of $115 million.
BaishanCloud, a Chinese data services company with a presence in the US, has closed a $50 million Series C funding round led by Alpha Capital and Chunjia Capital.
AIpark, a Chinese start-up that applies artificial intelligence (AI) technology to the car parking industry, has closed a Series A round of about RMB100 million ($15.4 million) led by the US-China Green Fund.
Polaris Capital has agreed to sell Yodogawa Transformer, a Japanese power generation and equipment services company it acquired in early 2016, to Orix Rentec Corp.
Chinese co-working space operator UrWork has raised RMB300 million ($45 million) in Series C funding led by Qianhai Wutong Mergers and Acquisitions Funds, a vehicle backed by Qianhai Equity Exchange.
The Carlyle Group has acquired Indian healthcare business process outsourcing (BPO) provider Visionary RCM Infotech through its latest Asia growth fund, Carlyle Asia Growth Partners V (CAGP V).
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
Warehouse operator Global Logistic Properties (GLP) and Bank of China Group Investment (BOCGI), a direct investment arm of Bank of China, have committed $70 million to G7 Networks, a Chinese manufacturer of smart devices for the logistics sector.
Bain Capital Private Equity has teamed up with two Chinese partners to acquire Trans Maldivian Airways (TMA), the world’s largest seaplane operator, from The Blackstone Group.
Microequities Venture Capital Fund, a vehicle set up by Equity Venture Partners and Microequities Asset Management, has invested A$3.5 million ($2.7 million) in New Zealand software company Fergus.
US and India-based training and networking platform operator MindTickle has raised $27 million in Series B funding led by Canaan Partners.
Singapore-headquartered Ascenz, a provider of performance solutions for ships, has been acquired by French engineering company Gaztransport & Technigaz (GTT), facilitating an exit for investors including Red Dot Ventures.
UK-based GP Livingbridge has made its debut investment in Australia with a commitment of undisclosed size to project management consulting company TSA Management.
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
Bain Capital Private Equity has agreed to make a full exit from Japan-based call center business Bellsystem24 by selling its remaining 14.43% stake to domestic printing company Toppan Printing.
Rival Chinese online truck logistics platforms Huochebang and Yunmanman – both of which have received substantial private equity and venture funding – have agreed to merge.
Whalehouse Technology, a Shenzhen-based automated warehouse solutions provider, has completed a RMB100 million ($15 million) Series B round of funding led by Yunfeng Capital.
The Everstone Group has acquired Chemopharm, a provider of medical equipment based in Malaysia.
Archer Capital has agreed to sell Aerocare, an Australia-based aviation ground handling operator it bought from Next Capital in 2014, to global market leader Swissport for an undisclosed sum.
Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by local transportation company Shouqi Group, has raised RMB1.3 billion ($195 million) in a Series B round across two tranches.
SSG Capital Management has made a partial exit from Future Supply Chain (FSC), a supply chain and logistics subsidiary of India’s Future Enterprises (FEL), for INR1.25 billion ($19 million).
Emerald Media, an Asian investment platform created by KKR, has led a $65 million Series B funding round for Thailand-based online retailing services company aCommerce.
Private equity ownership can bring significant benefit to a portfolio company, but it can also be challenging for both the investor and the investee.