Articles by Justin Niessner
Everstone part-exits Burger King India, Indonesia
Everstone Capital has sold a 25.3% stake in India-listed Restaurant Brands Asia (RBA), the local and Indonesia operator of Burger King, realising INR 14.9bn (USD 179m) in a partial exit.
India's Kae Capital raises $50m opportunity fund
Indian seed investor Kae Capital has confirmed closing an opportunity fund with USD 50m in commitments less than a year after closing its third flagship fund at USD 94m.
Hong Kong virtual insurer Bowtie gets $35m Series B
Hong Kong digital life insurance company Bowtie has closed a USD 34.9m Series B round led by the local unit of Sun Life Financial.
KKR buys stake in Singtel's Asia data centre business
KKR has agreed to acquire a 20% stake in Singtel’s Asia data centre business for SGD 1.1bn (USD 800m) via its infrastructure strategy.
India healthcare: New momentum, new directions
Private equity has become comfortable with niche segments and regional sub-markets in Indian healthcare services. Technology-based business models are next
ShawKwei completes duo of US acquisitions
Asia-focused industrials specialist ShawKwei & Partners has completed two investments in the US spanning packaging manufacturing and environmental chemicals.
India-US cross-border GP Pentathlon Ventures targets $55m
Pentathlon Ventures, a US-India cross-border early-stage investor focused on B2B software-as-a-service (SaaS) has launched its second fund with a target of USD 55m.
Japanese warehouse robot start-up raises $84m
SBI Investment has led a JPY 12.3bn (USD 84m) Series C round for Japanese industrial robotics supplier Mujin, advancing expansion plans in Europe and the US.
Global Brain, Globis lead $93m round for Japan's Josys
Global Brain and Globis Capital Partners have led a USD 93m Series B round for Josys, a Japan-based IT services provider specializing in helping companies manage devices.
GP profile: Quona Capital
Financial innovation-focused Quona Capital operates across global developing markets with a compact team and a strict returns-focused impact agenda. Asia dominates the growth narrative
India's Anicut hits $36m second close on VC fund
Indian early-stage investor Anicut Capital has achieved a second close of about INR 3bn on its latest fund. The target is INR 5bn with a greenshoe of INR 250m.
Fund focus: 3one4’s governance gambit
India’s 3one4 Capital credits a strong governance policy for rising institutional participation in its latest VC fund. Maintaining a global-local balance in the LP base is becoming crucial
Mitsui Sumitomo VC unit backs Israel fusion start-up
Japan’s Mitsui Sumitomo Insurance Venture Capital (MSIVC) has joined a Series A round for Israel-based nuclear fusion start-up NT-Tao that had raised USD 22m as of February.
Endeavour exits Japan automotive components maker
Japanese GP Endeavour United has exited local automotive components maker Crefact to local strategic Hiruta Kogyo for an undisclosed sum.
Carlyle pursues $221m Japan chemicals take-private
The Carlyle Group has launched a tender offer for Seiko PMC that values the Tokyo-listed paper and ink chemicals manufacturer at approximately JPY 32.4bn (USD 221m).
GPs make partial exits from India's Five Star Business Finance
TPG Capital, Matrix Partners India, and Norwest Venture Partners have sold a combined 29.6m shares in India-listed Five Star Business Finance representing about 10% of its total equity.
Qiming, Orbimed lead Series A for China's Epigenic
Qiming Venture Partners and OrbiMed Asia Partners have led a USD 32m Series A round for Chinese gene editing therapy start-up Epigenic Therapeutics.
Japan space robot maker Gitai raises $45m
Japanese space robotics start-up Gitai has lifted its Series B round to USD 45m with a new USD 15m tranche featuring Mitsui Sumitomo Insurance Venture Capital.
Integral backs Japan software player TCS
Japanese private equity firm Integral Corporation has invested an undisclosed sum in local IT services and business software company TCS Group.
Trustar exits Japan's Moritex via $275m trade sale
Trustar Capital has sold Japanese machine vision lenses maker Moritex Corporation to a strategic buyer for about USD 275m after a nearly nine-year hold.
Generative AI in due diligence: Crunching new numbers
Private equity is rediscovering artificial intelligence as a due diligence tool in the wake of ChatGPT. Data security, legal, and technical risks have curbed uptake somewhat, less so for venture
Dymon exits Singapore's AMES via trade sale
Dymon Asia Private Equity has sold 100% of Singapore-based biohazardous waste disposal business Asia Medical Enviro Services (AMES) to Indonesia-listed coal miner TBS Energi Utama.
India’s Zepto raises $200m at $1.4bn valuation
Indian grocery delivery start-up Zepto has raised a USD 200m Series E round led by StepStone Group at a valuation of USD 1.4bn.
BPEA EQT exits India's Coforge via $924m block trade
BPEA EQT has sold its remaining 26.6% stake in India-listed IT provider Coforge, realising USD 924m through a block trade and completing a staged exit started in late 2020.