professional services
Australia's SafetyCulture raises a further $35m
Blackbird Ventures has led a A$48.5 million ($35 million) round for Australian workplace safety platform SafetyCulture. It comes six months after a Series C investment of similar size.
Square Peg joins $80m Series D for Australia's Rokt
Square Peg Capital and TDM Growth Partners have joined an $80 million Series D round for Australia e-commerce marketing technology provider Rokt.
Taiwan tourism platform KKday raises $75m Series C
Taipei-based online tour package vendor KKday has closed a $75 million Series C round led by Cool Japan Fund and Taiwan’s National Development Fund.
PEP to buy Australian software player for $367m
Australia’s Pacific Equity Partners (PEP) has agreed to acquire 100% of Sydney-listed enterprise software and IT services provider Citadel for A$503 million ($367.5 million).
China due diligence: Nightmare scenarios
Luckin Coffee’s precipitous rise and fall is a reminder of longstanding issues around corporate fraud in China. Failing to spot problems before they emerge remains a key concern for PE investors
Baring-owned Vistra acquires Japan accounting firm
Vistra, a Hong Kong-based corporate services provider and fund administrator owned by Baring Private Equity Asia, has acquired Japanese accounting specialist Routes for an undisclosed sum.
CLSA acquires Japan household jobs marketplace
CLSA Capital Partners (CLSA CP) has acquired Assist, a Japanese marketplace that facilitates sourcing helpers for daily household jobs.
Five V buys New Zealand software developer
Australian private equity firm Five V Capital has acquired a controlling stake in New Zealand employee management software provider Totara for an undisclosed sum.
Australia workforce training start-up Go1 gets $40m
Australian workforce training services start-up Go1 has raised a $40 million Series C round led by local strategic Seek and US-based Madrona Venture Group.
Navegar backs Series B for Australia's Cloudstaff
Manila-based GP Navegar has joined a $20 million Series B round for Cloudstaff, an Australian staff outsourcing services player with core operations in the Philippines.
CLSA acquires Japan IT services provider
CLSA Capital Partners (CLSA CP) has acquired a majority stake in Japanese IT services provider Earth Technology for an undisclosed sum.
Australia's mid-market: The middlemen
Pure proprietary deals are a rarity in Australia’s mid-market. Most opportunities pass through a fragmented network of advisors, which means private equity firms must get noticed to stay relevant
Coronavirus & capital calls: Time to draw?
With GPs and LPs placing a premium on liquidity, there is more scrutiny of capital call processes. Some managers are pushing for changes to documentation, but will investors relent?
TDM leads $35m round for Australia’s SafetyCulture
Australia’s TDM Growth Partners has led a A$60 million ($35 million) Series C round for SafetyCulture, a locally-based software provider for safety compliance inspectors.
Blackstone increases stake in India’s Mphasis
The Blackstone Group has purchased shares worth INR51.7 billion ($67.9 million) to increase its stake in Indian IT services provider Mphasis by 4.01% to 56.21%.
Ashurst hires Danny Tan as Asia investment funds head
Ashurst has recruited Danny Tan from Allen & Gledhill to lead its investment funds practice in Asia Pacific. He will continue to be based in Singapore.
Korea cybersecurity player raises $8m Series B
SecuLetter, a Korean cybersecurity technology provider, has raised a $8 million Series B round that included Saudi Arabian VC firm Riyadh Valley Company.
Ex-CPE Capital executive Shane Gong joins Evercore
Shane Gong, who previously led the Singapore office at Australia's CHAMP Private Equity, now CPE Capital, has been recruited by Evercore to head up its PE secondaries business in Asia.
Japan Post Capital joins $26m round for Singapore’s AnyMind
Japan Post Capital and Sparx Group have provided $26.4 million in funding to AnyMind, a Singapore-based marketing technology start-up focused on entertainment.
Anacacia invests Australian workforce services player
Anacacia Capital has confirmed a “significant” investment in Australian workforce services provider Sureway Employment & Training.
EQT-backed Nexon announces trio of Australia bolt-ons
Nexon Asia Pacific, an Australian enterprise IT services provider controlled by EQT Partners, has acquired three local IT businesses.
Quadrant acquires Australia enterprise IT business
Australia’s Quadrant Private Equity has agreed to acquire the enterprise services division of listed IT specialist Arq Group for A$35 million ($23.5 million).
Japanese advisor matching network set for $54m IPO
VisasQ, a Japanese matchmaking platform that connects companies with relevant advisors, is looking to raise approximately JPY5.97 billion ($54 million) through a Tokyo IPO that will provide partial exits for several VC backers.
Next Capital buys stake in Australian supply chain specialist
Australia’s Next Capital has acquired a stake in local supply chain services provider TM Insight as the company executes an Asian expansion.