Asian Venture Capital Journal (AVCJ)
Baring Private Equity Asia has agreed to buy Lumenis, an Israel-headquartered medical devices manufacturer that counts Asia as its largest market, from XIO Group for a valuation of $1 billion.
Htrip, a China-based hotel digital services platform, has raised RMB100 million ($14 million) in an extended Series A funding round, led by Shenzhen Venture Capital.
Fortune Capital and GF Xinde Investment have led an RMB100 million ($14 million) Series B round for VPhoto, a Chinese cloud-based photo service provider. Tzitzit Asset also participated.
Led by two former executives with The Blackstone Group in Asia, New Frontier Group has so far looked beyond traditional PE funding channels as it builds large-scale Chinese healthcare platforms
Across the checkered early stages of his career, Amit Anand intuitively gravitated toward the technological engine of developing Asia. This underpinned the creation of Jungle Ventures
Howard Marks, co-chairman of Oaktree Capital Management, discusses populism, deficit, trade wars, the shift in focus from public to private markets, and why his default position is one of caution
Hamilton Lane has named Mingchen Xia (pictured) and Collwyn Tan as co-heads of the firm’s investment business in Asia. They already cover fund investments and co-investments, respectively, in the region.
DTCP, a Germany-based VC firm controlled by Deutsche Telekom and Korea’s SK Telecom, has opened its first Asian office in Seoul.