Articles by Justin Niessner
Malaysia's COPE backs corporate accounting business
Malaysia’s COPE Private Equity has confirmed an investment of undisclosed size in CC International, a local professional services firm with a footprint in Australia and plans for further expansion.
Australia's Main Sequence hits $305m first close on Fund III
Australian deep tech VC firm Main Sequence has reached a AUD 450m (USD 305m) first close on its third fund, bringing overall funds under management to about AUD 1bn.
Deal focus: Glow chooses B2B supplier for debut deal
Australia’s Glow Capital Partners took its time finding a maiden investment that ticked all the boxes of its consumer and brands strategy. This involved edging slightly down the supply chain
Deal focus: Exfinity seizes rare India robotics opportunity
India’s Exfinity Ventures stepped out of its comfort zone with Ati Motors. Now it’s helping the industrial robotics supplier go global with autonomous forklift-style machines that can roll in and out of buildings
Australia's Silicon Quantum Computing raises $34m
Australian quantum computing company Silicon Quantum Computing (SQC) has raised a AUD 50m (USD 34m) Series A round featuring Telstra, falling short of a AUD 130m target.
Australia's Five V buys security alarm connectivity business
Australia’s Five V Capital has acquired a majority position in Permaconn, a locally based equipment supplier for the security alarm and smart home markets.
Bain acquires India's Adani Capital
Bain Capital has agreed to acquire 90% of Indian non-bank financial companies (NBFCs) Adani Capital and Adani Housing in a deal worth at least USD 170m.
Japanese power producer Jera launches $300m VC unit
Japanese power producer and utility Jera has launched a USD 300m venture capital programme aimed at sustainability-themed technology start-ups and related funds.
Indonesia's Maka Motors raises $37.5m seed round
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.
Eurazeo draws on Asian support for $448m smart city fund
France-based GP Eurazeo won support from several Asian institutional investors for its latest smart city fund, which has closed on EUR 400m (USD 445m). The vehicle is also expected to deploy significantly in the region.
Japan's Angel Bridge closes third fund on $72m
Japanese early-stage investor Angel Bridge has closed its third fund with JPY 10bn (USD 72m) in commitments from local investors.
Visa backs $72m Series C for Singapore's Thunes
Singapore’s Thunes, a financial technology provider focused on cross-border transfers in developing markets, has raised USD 72m in Series C funding featuring Visa.
Hahn acquires Korea medical devices player
Hahn & Company has acquired a nearly two-thirds stake in Korea-listed medical laser maker Lutronic through a tender offer for about KRW 629bn (USD 497m).
Australia’s Glow buys clothing brand in debut deal
Australia’s Glow Capital has agreed its debut deal, acquiring 51% of Cargo Crew, a local workplace clothing brand specialising in restaurant uniforms.
KKR leads $190m Series C for Korea fashion platform
KKR has led a USD 190m Series C round for Korean online fashion platform Musinsa with support from Wellington Management.
Deal focus: Telexistence’s nimble robots target retail, logistics
Japan’s Telexistence appears to be on the cusp of a significant milestone in retail automation. Local logistics tech investor Monoful is hoping to take that promise to the warehouse
Fund focus: Australia’s Next thrives under the radar
Next Capital claims to have relatively free rein in Australia’s underpenetrated lower middle market. Dedication to the opportunity set underpinned a painless fundraising process for its latest vehicle
Japan's 01Booster Capital closes debut fund
01Booster Capital, a Japanese accelerator and VC investor set up in 2012, has closed its debut fund at an undeclared size. It was launched in late 2021.
India's CapFort Ventures seeks $24m for debut VC fund
India’s CapFort Ventures, an early-stage VC firm set up this year by investors at local incubator Venture Catalysts, has launched its debut fund with a target of USD 24m.
India's LetsTransport gets $25m Series D
Bertelsmann India Investments has led a USD 25m Series D round for LetsTransport, a platform that aims to integrate independent truckers into the mainstream economy.
New Zealand supply chain traceability player gets $57m
New Zealand’s Oritain, a supply chain traceability and authentication company with a presence in the US, Europe, and Australia, has raised USD 57m led by UK-based VC firm Highland Europe.
Quadria to invest $155m in India eye hospital
Quadria Capital has invested USD 155m in Maxivision Eye Hospital, a chain of 42 eye hospitals and vision clinics across five states in southern and western India.
Australia's Next Capital closes Fund V on $251m
Australia’s Next Capital has closed its fifth lower middle market buyout fund with AUD 375m (USD 251m) in commitments, beating a target of AUD 350m.
Quadria to exit Vietnam's FV Hospital via $381m trade sale
Quadria Capital is set to exit Vietnam’s FV Hospital after a strategic buyer agreed to a USD 381.4m acquisition touted as the largest ever healthcare transaction in Vietnam.