China Merchants Bank has led a $102 million Series C round of funding for Boqii.com, a Chinese social network and e-commerce platform for pet owners.
Partners Group has bought a controlling stake in Australian early childhood education provider Guardian Early Learning Group from Navis Capital Partners at a post-deal valuation of A$440 million ($313 million)
Venturra Capital has led a $12 million Series A round for Malaysia-based gym membership app KFit.
CMC Holdings, an investment platform launched by Ruigang Li, founder of media-focused PE firm CMC Capital Partners, has agreed to buy 29.55% of Hong Kong-listed sportswear manufacturer Meike Holdings.
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
KKR has fully exited Vietnam’s Masan Consumer Corp. (MCC), generating a more than 2x return on a $359 million investment made across two tranches in 2011 and 2013.
Australia-based pet services business Greencross has confirmed it received and rejected a buyout offer from TPG Capital worth around A$720 million ($507 million).
Hony Capital has agreed to invest an additional RMB599 million ($91 million) hotel operator Shanghai Jinjiang International alongside other financial and strategic investors.
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
China-focused private equity investors are modifying their investment approaches in the face of a challenging economic environment and ongoing overcapacity issues.
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has confirmed that its latest funding round has closed at $3.3 billion.
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.