Global and regional private equity firms are increasingly turning their attentions to Vietnam, reassured by the country’s relative economic stability and impressed by the rising number of investable companies.
Navis Capital has agreed to sell its controlling stake in Australia’s Retail Apparel Group (RAG) to The Foschini Group of South Africa in a deal worth A$302.5 million ($225 million).
Chinese film distributor Bona Film Group, which is backed by a handful of PE and strategic investors, has teamed up with Hollywood talent agency Creative Artists Agency (CAA) to launch a $150 million film fund.
Australian venture capital firm Artesian Venture Partners has raised A$26 million ($19.5 million) for a domestic clean energy fund with a A$10 million cornerstone investment from the government’s A$1 billion Clean Energy Innovation Fund.
The venture capital division of South African media firm Naspers has invested $5 million in Coins, a US-founded blockchain and financial technology company operating in the Philippines.
Lechebang, a Chinese online automobile services platform focused on after-sale services, has completed a RMB300 million ($44 million) Series B round led by Grand Flight Investment.
US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
CITIC Capital China has joined a consortium including China’s Humanwell Healthcare to acquire the sexual health division of Australia-listed medical products supplier Ansell for $600 million.
Acko General Insurance, an Indian online insurance broker, has raised $30 million from a group of investors including SAIF Partners and Accel Partners.
Gree Ventures, which was set up by Japanese mobile gaming company Gree, has closed its second early-stage VC fund at $67 million.
Chinese PE-backed co-working space operators UrWork and 5Lmeet – both of which were founded by Daqing Mao, formerly a real estate executive at China Vanke – have raised a total of RMB800 million ($116 million) from conglomerate Beijing Xingpai Group.
CHAMP Private Equity has reached a final close of A$735 million ($547 million) on its fourth Australia and New Zealand-focused fund.
CANbridge Life Science, a Beijing-based clinical-stage biopharmaceutical company focused on developing Western drug candidates in China and North Asia, has raised a Series B round worth $25 million.
Shanghai-based mobile communication app developer Chubao Technology has completed a $100 million Series D round co-led by CCB International, an investment unit of China Construction Bank, and China PE firm HG Capital.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $40 million to the second fund of Kedaara Capital.
Blue Sky Alternative Investors will exit its stake in HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, as healthcare business EBOS agreed to buy the asset for A$154 million ($116 million).
Jayaram Banan, the founder of Indian restaurant chain Sagar Ratna, has bought out India Equity Partners’ (IEP) majority stake in the company.
MBK Partners has agreed to buy Modern House, the household and consumer goods unit of Korean retail giant E-Land Group, for KRW700 billion ($626 million).
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.
Chinese healthcare specialists Frontline BioVentures and WuXi Healthcare Ventures have merged, forming a new investment firm called 6 Dimensions Capital.
CBC Capital has led a $26 million Series C round for Cloudwise, a Beijing-based application performance management (APM) solutions provider, with participation from SIG Asia and Sequoia Capital China.
Partners Group has acquired a majority stake in Philippines-based business process outsourcing (BPO) provider SPi Global from CVC Capital Partners and Philippine Long Distance Telephone Company (PLDT) in a deal that values the business at $330 million.
Lok Capital has led a $5.6 million Series B round for Indian affordable housing finance company Ummeed Housing Finance.
CDH Investments has completed its third partial exit from WH Group in nine months, generating proceeds of HK$5.78 billion ($743 million) and reducing its holding in the Chinese pork producer to 3.24%.