Articles by Justin Niessner
Brookfield launches $845m India renewables platform
Brookfield Asset Management has launched its second India renewable energy platform in three months, committing USD 845m alongside Axis Energy to the latest venture.
Japan's J-Star exits HR business to Longreach
The Longreach Group has acquired a 100% stake in J-CEP, the holding company of HR services company Aki-Japan, for an undisclosed sum, providing an exit for J-Star.
Bain commits $200m to Vietnam's Masan
Bain Capital has agreed to invest at least USD 200m in Vietnamese conglomerate Masan Group. It is the private equity firm's first investment in Vietnam.
True North agrees $326m India health insurance exit
True North has agreed to sell about 20% of its stake in Indian insurance company Niva Bupa to its UK-based joint venture partner, Bupa, for approximately INR 27bn (USD 326m).
Singapore green hydrogen player gets $115m
Singapore-based InterContinental Energy, a company developing green hydrogen fuel projects in Australia and the Middle East, has raised USD 115m from GIC and specialist investor Hy24.
L Catterton backs beauty industry biotech supplier
L Catterton has led a CNY 200m (USD 27m) Series B round for Trautec, a China-based biotech start-up that develops synthetic proteins used in beauty and healthcare products.
Bain pursues $147m acquisition of Japan's System Information
Bain Capital has agreed to acquire Tokyo-listed Systems Information (SI&C) via a tender offer that values the software and IT provider at about JPY 22bn (USD 147m).
Australia SaaS platform Neara upsizes Series B
Australia’s Neara, a software-as-a-service (SaaS) platform that helps power companies simulate natural disaster scenarios, has closed a USD 24m Series B round featuring Prosus Ventures.
Vertex leads $20m round for India D2C beauty player
Vertex Ventures Southeast Asia and India (VVSEAI), an affiliate of Temasek Holdings-owned Vertex Holdings, has led a USD 20m Series B round for Indian D2C beauty and personal care brand Pilgrim.
China GP Tiantu Capital targets $253m Hong Kong IPO
Chinese consumer-focused venture capital firm Tiantu Capital has launched a Hong Kong IPO with a view to raising as much as HKD 1.9bn (USD 253m).
PAG to buy cinema business from Chinese property developer
PAG has agreed to acquire Shanghai Xingyi Cinema Management from Hong Kong-listed property developer Seazen for about CNY 1.4bn (USD 187m).
Deal focus: Riding the wave in India single-speciality hospitals
TPG Capital’s Asia Healthcare Holdings has tapped a rich vein for private equity in acquiring India’s only nephrology and urology hospital. Technological leadership will support expansion
ESG backlash: Turbulent tailwinds
The strong momentum behind sustainable and responsible investment policies globally has begun to ruffle feathers in the US. Asian private equity should recognise this as a relevant warning
Matrix, HongShan back China's Qihan Biotech
Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
Trifecta closes third India venture debt fund on $214m
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
India livestreaming platform Eloelo raises $22m
US investors Courtside Ventures and Griffin Gaming Partners have led a USD 22m pre-Series B round for Indian social gaming and livestreaming platform Eloelo.
Peak XV, Elevation, Andreessen back India visa platform
Peak XV Partners, formerly Sequoia Capital India, and Elevation Capital have led a USD 12m Series A round for Indian visa platform Atlys with support from Andreessen Horowitz.
Leapfrog invests $50m in Singapore's Bolttech
LeapFrog Investments has invested USD 50m in Singapore’s Bolttech, the insurance technology business of Pacific Century Group.
India's Unitus combines with US affiliate Capria
India-based impact investor Unitus Ventures has combined with its US affiliate Capria Ventures, with the unified entity to operate globally under the Capria name.
TPG healthcare platform acquires India hospital chain
Asia Healthcare Holdings (AHH), a platform backed by TPG Capital and GIC, has acquired a majority stake in India’s Asian Institute of Nephrology and Urology (AINU) for about USD 72.2m.
Cybersecurity: PE urged to go post-quantum
Private equity firms with masses of information, long histories, and long futures will be vulnerable to code-cracking quantum computers perceived as lurking on an inevitable near-term horizon
Fund focus: Pi Ventures triples its deep tech firepower
While deploying its debut fund, India-based machine learning specialist Pi Ventures realised it was in fact a deep tech generalist. LPs have come along for the ride
PE-backed Concord Healthcare pursues HK IPO
Concord Healthcare Group, an onshore subsidiary of US-listed Chinese healthcare business Concord Medical, has filed for an IPO in Hong Kong.
China's Canton Biologics raises $41m Series C
Chinese pharmaceutical industry services provider Canton Biologics has completed a CNY 300m (USD 41m) Series C round led by state-owned SDIC Venture Capital.