Goldman Sachs
Chinese drug developer Ascletis files for landmark HK IPO
Ascletis, a Chinese drug developer that has received funding from C-Bridge Capital, has filed for an IPO in Hong Kong. It is set to be the first listing in the territory under new rules that allow companies with zero revenue or profit to go public.
China car-trading platform Renrenche gets $300m
Goldman Sachs, Tencent Holdings and ride-hailing business Didi Chuxing have led a $300 million funding round for Renrenche, a Chinese consumer-to-consumer (C2C) used-car trading platform.
India's NestAway gets $61m Series D
NestAway, a VC-backed Indian IT start-up focused on the local home rental market, has raised a INR4 billion ($61.4 million) Series D funding round with participation from Goldman Sachs.
Japan’s Folio gets $63m in extended Series A
A group of investors including Goldman Sachs have invested JPY7 billion ($63 million) in Japanese stock trading app operator Folio.
AVCJ Awards 2017: Exit of the Year - Large Cap: Universal Studios Japan
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital have profited handsomely from their efforts to bring more families to Universal Studios Japan
Goldman, CIC form $5b Sino-US industrial fund
Goldman Sachs and China Investment Corporation (CIC) have launched a private equity fund that is seeking to raise $5 billion to invest in US companies. The initiative is part of efforts to strengthen trade relations between the two countries.
Deal focus: GPs back Klook’s tailored travel offering
Hong Kong-based Klook has won $60 million in funding to further its efforts to consolidate the fragmented travel activities space - in Asia and globally
Hong Kong's Klook gets $60m Series C
Sequoia Capital China, Goldman Sachs and Matrix Partners have co-led a $60 million Series C funding round for Hong Kong-based travel services company Klook.
Goldman backs South Korean bakery ingredients maker
Goldman Sachs has invested KRW34 billion ($29.9 million) in Korean specialty food ingredients manufacturer Sun-in.
Bain, Goldman agree $2.7b exit from Carver Korea
Bain Capital Private Equity and Goldman Sachs have agreed to sell their majority stake in Carver Korea, a specialist cosmetics supplier, to Unilever in a deal worth EUR2.27 billion ($2.7 billion).
Partial exits shelved as China's Best cuts size of offering
Planned partial exits for investors in Best Inc. were shelved as the Alibaba Group-backed Chinese logistics operator raised a lower-than-expected $450 million in its US IPO. The stock increased 5% on debut.
China's Best targets $1b IPO, PE backers seek partial exits
A string of private equity investors are set for partial exits as Best Inc, a Chinese logistics operator backed by Alibaba Group, looks to raise up to $1.07 billion in its New York Stock Exchange IPO.
Goldman, Hillhouse invest $90m in China’s Arrail Dental
Goldman Sachs and Hillhouse Capital have jointly invested $90 million in a Series D round of funding for Arrail Dental, a Chinese dental services provider.
Deal focus: Fabhotels gets room to grow
Fabhotels has received $25 million in Series B funding from Accel Partners and Goldman Sachs to give India's budget hotel space a technology-enabled upgrade
Goldman backs China food delivery platform Meican
Goldman Sachs Investment Partners has participated in a Series D round of funding for Meican.com, a Chinese online food delivery services platform that targets the corporate market.
Goldman, Tennenbaum acquire Singapore's Conergy
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
Goldman, Accel invest $25m in India's FabHotels
FabHotels, an Indian technology-enabled budget hotel chain, has raised a $25 million Series B round led by Goldman Sachs, with participation by existing investor Accel Partners.
Deal focus: Quadrant cashes in on Icon’s growth potential
Quadrant Private Equity agrees a $746 million exit from Icon Group, with new owners QIC, Goldman Sachs and Pagoda Investment keen to continue the cancer specialist's expansion in Asia
Sino-Australian consortium to buy Icon Group from Quadrant
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
Secondaries: A cautionary tale
Cracks have appeared in the secondary transactions through which Standard Chartered Private Equity had sought to secure its future, underlining the challenges for investors of bank-led deals
Comcast takes full ownership of Japan's USJ, PE firms to exit
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital will fully exit Universal Studios Japan (USJ) after Comcast NBCUniversal agreed to buy the 49% of the company it doesn’t already own for JPY254.8 billion ($2.3 billion).
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Two Korean strategics confirm bids for PE-owned Daesung
South Korean conglomerates Hyosung Corporation and SK Group have both entered the bidding for Daesung Industrial Gases, an industrial gas maker controlled by a Goldman Sachs-led consortium.