Articles by Tim Burroughs
Japan's Marunouchi Capital hits $303m first close on Fund III
Marunouchi Capital, a Japanese private equity firm controlled by Mitsubishi Corporation, has reached a first close of JPY 40.2bn (USD 303m) on its third fund.
China HR SaaS player Beisen completes $30m HK IPO
Beisen Holding, a China-based human resources software-as-a-service (SaaS) platform backed by the likes of SoftBank Vision Fund 2, Goldman Sachs, Matrix Partners China, and Sequoia Capital China, fell 12% on debut following a HKD 238.9m (USD 30m) Hong...
ResponsAbility sets $450m hard cap for second Asia food fund
Swiss impact investor ResponsAbility has set the hard cap for its second South and Southeast Asia-focused sustainable food fund at USD 450m, having fully deployed Fund I across five investments.
Mistletoe founders to acquire SoftBank Ventures Asia
SoftBank Group has agreed to sell its captive VC unit, SoftBank Ventures Asia (SBVA), to a newly formed entity led by the team behind Japan-headquartered start-up incubation and investment platform Mistletoe.
Southern leads $31.5m round for fintech player Soft Space
Southern Capital has led a USD 31.5m funding round for Southeast Asia-focused payments technology provider Soft Space.
China hotpot home dining player Guoquan pursues HK listing
Guoquan, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, has filed for a Hong Kong IPO.
PAG cuts target size of Asia fund by one third
PAG has reduced the target size of its fourth pan-Asian buyout fund to USD 6bn from USD 9bn, according to Mergermarket, AVCJ's sister publication.
Temasek increases holding in India's Manipal Health
Temasek Holdings is set to become the majority shareholder in Indian hospital operator Manipal Health Enterprises, having agreed to acquire an additional 41% stake in the company. The transaction facilitates an exit for TPG Capital, but the PE firm will...
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
Prosus, Accel back India SaaS procurement platform
Prosus Ventures and Accel have led a USD 11m Series A round for Spendflo, an India-founded software-as-a-service (SaaS) procurement management platform now headquartered in the US.
Indian NBFC Avanti Finance raises $24m
Avanti Finance, an Indian technology-led non-banking finance company (NBFC) has received USD 24m in equity funding from Rabo Partnerships and IDH Farmfit Fund, with re-ups from Oikocredit and NRJN Trust.
AVCJ daily bulletin returns April 11
AVCJ's daily bulletin is taking a short break for the Easter holiday. Publication will resume on April 11.
Gulf gambit: Asia GPs court Middle East LPs
As the Middle East becomes a focal point for private equity fundraising globally, Asia-based managers hope that macro trends work in their favour. Being the right size and the right strategic fit also helps
Profile: PENM Partners' Hans Christian Jacobsen
Hans Christian Jacobsen’s emerging markets experience spans Africa, Asia, the Middle East, and Eastern Europe. He ended up finding an appealing blend of growth, access, and stability in Vietnam
Quadrant completes New Zealand cybersecurity roll-up
Quadrant Private Equity has invested in New Zealand-based cybersecurity providers Quantum Security Services, ZX Security, and Helix Security Services with a view to supporting expansion into new geographies and service offerings.
Hong Kong's HKBN confirms talks with I Squared
HKBN, one of Hong Kong’s leading broadband internet providers, has confirmed that negotiations with infrastructure investor I Squared Capital over a potential acquisition are ongoing.
Logistics start-up Lalatech pursues Hong Kong IPO
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
Kotak reaches first close on second India special situations fund
Kotak Investment Advisors has reached a first close of USD 1.25bn on its second India-focused special situations fund against an overall target of USD 1.6bn.
JIC Capital backs Japan's Hitachi Astemo
JIC Capital, the private equity unit of Japan Investment Corporation (JIC), has agreed to take a 20% stake in automotive components manufacturer Hitachi Astemo as part of a restructuring that will see Hitachi cede majority ownership.
Hopu Magnolia cuts fund target, seeks to delay final close
Hopu Magnolia, a growth capital unit of Chinese private equity firm Hopu Investment Management, has cut its planned new fund size to USD 250m, almost half of the original target.
OMERS appoints Asia Pacific head
Ontario Municipal Employees Retirement System (OMERS) has appointed Ashish Goyal, who leads its capital markets activities in Asia, to the newly created role of executive vice president and head of Asia Pacific.
SE Asia financial services specialist Triple P adds partner
Triple P Capital, an impact investor focused on financial services in emerging Southeast Asia, has recruited Ke Qi Zhang from the International Finance Corporation (IFC) as its third partner.
D Capital agrees Japan digital marketing carve-out
Japanese mid-market private equity firm D Capital has agreed to buy the local operations of Catalina, a US-headquartered digital marketing company undergoing its second restructuring in four years.
China GPs re-up in ArriVent Biopharma's $155m Series B
Assorted Chinese investors have participated in a USD 155m Series B round for US-headquartered ArriVent Biopharma, which targets drug candidates emanating from emerging biotech hubs, including China.