manufacturing
Singapore medical tech start-up raises $40 million
Awak Technologies, a Singaporean start-up that makes wearable dialysis treatment devices, has raised $40 million co-led by Vickers Venture Partners and an unnamed medical technology company.
China fabrics platform Baibu raises $300m
Baibu, a Chinese B2B trading and services platform for the textiles and fabrics industry, has raised a $300 million Series D round led by DST Global.
New Zealand impact fund backs sustainable packaging player
New Zealand’s Impact Enterprise Fund (IEF) has confirmed an investment in local sustainable packaging supplier Grounded.
Taiwan technology: Homeward bound?
Taiwan is encouraging its industrial technology manufacturers to relocate operations from the mainland to the domestic market in response to China-US tensions. This may create openings for PE and VC investors
Circulate hits first close on Asian ocean protection fund
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
China targets $7b security industry fund
China Reform Holdings, a state-owned fund manager with RMB700 billion ($100 billion) in assets under management, has launched a RMB50 billion fund that will make investments in the security industry, with a particular focus on technology-enabled services.
Chinese guidance fund secures $21b in LP commitments
China’s Ministry of Finance has rallied state-owned enterprises (SOEs) and local governments to support a RMB147.2 billion ($20.9 billion) fund that will drive a transformation of the country's manufacturing sector.
IMM set for 2.3x return from Korea's Tailim Packaging
IMM Private Equity is expected to deliver a 2.3x return on its investment in Tailim Packaging Group following an agreement to sell the cardboard box manufacturer to Sae-A Trading for an enterprise valuation of around $1.5 billion.
Singapore’s Tembusu seeks $287m for China liquor fund
Singapore private equity firm Tembusu Partners has received a strategic commitment of up to RMB670 million ($96 million) for a RMB2 billion fund targeting the liquor industry in China’s Guizhou province.
CPE adds to Australian defense, aerospace assets
CPE Capital – formerly known as CHAMP Private Equity – has secured its second Australian defense sector deal in eight months with an agreement to buy Levett Engineering.
CDIB completes acquisition of Taiwan's Jintex
CDIB Capital has confirmed completion of its NT$1.9 billion ($61 million) acquisition of Taiwanese chemicals producer Jintex.
Deal focus: Cornell picks Lorom for Asia debut
Cornell Capital, a US-based mid-market buyout firm, is starting to realize its Asian ambitions with an investment in Taiwan-based industrial supplier Lorom Holding. Bolt-on expansions appear likely
Consumer hardware: Some assembly required
Consumer hardware is a cratered landscape in venture capital, and the risk-reward equation is not particularly well understood. New ways of looking at a traditional industry are needed
Deal focus: Fast fashion strategy pays off for Worldtool
CLSA Capital Partners backed Japan's Worldtool having been won over by a Uniqlo-inspired business model. It turned into a domestic and overseas expansion story
Cornell Capital completes first Asian investment
US-based mid-market buyout firm Cornell Capital has made its first investment in Asia with a commitment to Taiwan-headquartered cable manufacturer Lorom Holding.
GGV backs Singapore dental 3D printing company
GGV Capital has joined a group of investors in a venture round of undisclosed size for Structo, a Singapore-based 3D printing company focused on the dental industry.
Korea's ACE Equity buys stake in semiconductor testing player
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has agreed to invest KRW205 billion ($174 million) in local semiconductor testing specialist Tesna.
VinaCapital invests Vietnam industrial supplier
A VinaCapital-led consortium will invest $21.4 million in Ngoc Nghia, a Vietnam-based plastics supplier that claims to be the largest local packaging materials producer of its kind.
Industrial intrigue: China's industry 4.0
Industry 4.0 is a handy buzzword for those selling a manufacturing upgrade story in China, but implementation remains a challenge. Smart Fabric’s efforts make it the exception to the rule
Glenwood agrees $263m Korean glass carve-out
Glenwood Private Equity, a GP led by the son of Samsung Group’s former vice chairman, has agreed to buy the Korean glass-making operation of France-based Saint-Gobain for an enterprise value of EUR240 million ($263 million).
Japan Industrial Partners agrees manufacturing carve-outs
Japan Industrial Partners (JIP) is poised to complete two carve-outs in the copper tube manufacturing space, having agreed to acquire a majority stake in a Kobe Steel-Mitsubishi Material joint venture and buy a division from Furukawa Electric.
India SME platform OfBusiness raises $35m Series D
OfBusiness, an Indian smart financing services provider for small to medium-sized enterprises (SME) has received an INR2.5 billion ($35 million) Series D round led by Norwest Venture Partners.
Navis acquires Thailand's Srithai Food Group
Navis Capital Partners has paid an undisclosed sum for a controlling stake in Srithai Food Group, a Thailand-based restaurant supplier focused on the seasoning and condiments segment.
Deal focus: China’s CRCI targets industrial upgrades
In teaming up with China-based Estun Automation to acquire a European industrial technology asset, China Renaissance Capital Investment is pursuing a different kind of growth capital deal