Articles by Tim Burroughs
Kotak fund invests $129m in India's Biocon
Kotak Mahindra Advisors (KIA), the alternative assets arm of Kotak Mahindra Group, has committed INR 10.7bn (USD 129.4m) to Indian pharmaceuticals manufacturer Biocon to support the latter’s acquisition of a biosimilar business from global healthcare...
Potentia makes improved buyout offer for Australia's Nitro
Potentia Capital has submitted a new bid for Nitro Software that values the listed Australian business at approximately AUD 532.3m and eclipses a competing offer from a strategic investor.
Anchorage agrees carve-out from New Zealand's Green Cross Health
Anchorage Capital Partners has agreed to buy New Zealand-based Green Cross Health’s community healthcare business – which provides in-home nursing, personal care, rehabilitation, social support, and household assistance services – for an enterprise value...
Greater Pacific Capital leads round for India's NxtWave
Greater Pacific Capital has led a USD 33m round for NxtWave, an India-based online training platform that looks to develop skilled professionals suitable for employment in the technology sector.
Hong Kong pledges more capital for local start-ups
The Hong Kong government is stepping up its investments in technology start-ups, pledging additional funding to programmes run by HKSTPC, an incubator under Hong Kong Science & Technology Park, and Cyberport.
Capital Square secures post-merger India IT services deal
Capital Square Partners (CSP) has announced its first deal since merging with Basil Technology Partners (BTP) with an investment in Relevance Lab, an IT services provider that has a sizeable operation in India.
Amazon leads Series D for India's FreshToHome
Amazon Smbhav Venture Fund, a USD 250m India-focused vehicle established by the US technology giant, has led a USD 104m Series D round for direct-to-consumer fresh fish and meat delivery platform FreshToHome.
500 Global adds three partners in Southeast Asia
500 Global has named three new partners to invest in Southeast Asia as it looks to deepen coverage of a region it entered a decade ago and where it has backed more than 340 start-ups.
Deal focus: Small is beautiful at Quantum Brilliance
Australia-based Quantum Brilliance has raised USD 18m in pre-Series A funding on the back of technological breakthrough that delivers quantum computing without large-scale cooling infrastructure
Deal focus: Loam Bio's agri-climate offering resonates with investors
Soil carbon sequestration specialist Loam Bio’s Series B is the largest ever seen in Australian agricultural technology. The company’s backers expect it to go big and go global
AVCJ Awards 2022: Operational Value Add: Sona Comstar
The Blackstone Group built a leader in India’s electric vehicle components space by combining – and then re-orienting – two traditional automotive players. Not even COVID-19 could stymie its progress
Gobi-Core named partner for Philippines start-up fund
A Philippines-focused fund supported by Gobi Partners has been selected as a co-investment partner for the government’s Startup Venture Fund (SVF), which was launched in 2021 to support early-stage investment.
New Zealand's Pencarrow closes Fund VI on $187m
New Zealand-based Pencarrow Private Equity has closed its sixth fund at the hard cap of NZD 300m (USD 187m), having scaled up from NZD 250m in the previous vintage.
PeerCapital hits $37m first close on India early-stage fund
PeerCapital, an Indian venture capital firm that participates in seed and Series A rounds, has reached a first close of INR 3bn (USD 36.3m) on its debut fund.
Rise Fund buys Malaysian university from KV Asia
The Rise Fund, TPG’s global impact investment platform, has agreed to acquire a controlling stake in Malaysia-based Asia Pacific University of Technology and Innovation (APU) from KV Asia.
AVCJ Awards 2022: Firm of the Year – Mid Cap: Pacific Equity Partners
Reflecting on a 12-month period characterised by a string of bumper exits, Australia’s Pacific Equity Partners sees a clear connection between performance and well-established team and culture
China's Pudu Robotics extends Series C to $170m
Pudu Robotics, a China-based manufacturer of service robots, has closed a third tranche of Series C funding with more than USD 15m in commitments. It was led by local VC firm Puhua Capital.
Sequoia Southeast Asia leads Series C for Australia's Shift
Sequoia Capital Southeast Asia has led a Series C round of AUD 27m (USD 18.5m) for Australia-based credit and payments platform Shift.
Ribbit, Tiger Global, TVS commit $100m to India's PhonePe
Ribbit Capital, Tiger Global Management, and TVS Capital Funds have committed USD 100m to Indian digital payments platform PhonePe, joining an ever-lengthening investor roster.
Ex-Blue Pool partner targets $200m fundraise
Danny Lee, formerly head of global private equity at Blue Pool Capital, the family office of Alibaba Group co-founder Joe Tsai, has established his own firm and is looking to raise a USD 200m fund.
Singapore to top-up SME co-investment programme
Singapore has earmarked an additional SGD 150m (USD 112m) for a co-investment fund that will invest in small and medium-sized enterprises (SMEs) as part of efforts to help local companies scale and become globally competitive.
Australia's Loam Bio raises $73m Series B
Loam Bio, an Australia-based agricultural technology start-up that uses microbes to sequester carbon in farm soils, has received AUD 105m (USD 73m) in Series B funding.
L Catterton makes second China pet food investment
L Catterton has made its second China pet food investment in 12 months with a commitment of undisclosed size to Partner Pet, a leading domestic player in the premium freeze-dried pet food space.
Deal focus: Adamantem extends Retail Zoo's PE story
Adamantem Capital bought Retail Zoo from Bain Capital with a view to continuing the rollout in Australia and overseas while potentially picking up more food and beverage brands