Articles by Tim Burroughs
BPEA EQT acquires Australia's VetPartners
BPEA EQT has agreed to acquire VetPartners, operator of Australia and New Zealand’s largest network of pet clinics and hospitals, from National Veterinary Associates (NVA).
State-linked investors back Series D for China's DataCanvas
DataCanvas, a China-based artificial intelligence-driven (AI) big data solutions provider, has raised CNY 300m (USD 41m) in a first tranche of Series D funding with strong support from investors with ties to national-level state-owned enterprises (SOEs)....
Fund focus: DSG buoyed by brand awareness
Demonstrated success in building consumer brands, India’s attractive macro story, and LPs looking to diversify their exposure within Asia are seen as key factors in DSG Consumers Partners’ fundraise
LP interview: Koda Capital
Australian wealth management platform Koda Capital eschews mainstream private equity in favour of more obscure alternatives, but what the firm really wants are managers that understand its needs
Trustar, Bain, BPEA EQT target Tyson Foods' China poultry business
US-based meat and processed food maker Tyson Foods has received preliminary bids from private equity firms including Trustar Capital, Bain Capital and BPEA EQT for its China poultry business, according to two sources familiar with the matter.
India's Mensa Brands secures $40m in debt, equity funding
Mensa Brands, an India-based platform that agglomerates emerging consumer brands, has received USD 40m in funding from EvolutionX Debt Capital structured as a debt facility and a convertible investment.
China's Leadrive raises $81m Series D
Legend Capital and Oriza FoFs have led a CNY 600m (USD 81m) Series D round for Leadrive, a Shanghai-headquartered manufacturer of semiconductor power modules and motor control units used in electric vehicles (EVs).
China-US consumer brand accelerator raises $58m
SuperOrdinary, a global consumer brands accelerator that operates out of Shanghai, New York, and Los Angeles, has raised USD 58m in Series B funding at a valuation of more than USD 800m.
TR Capital opens second India office
Secondaries investor TR Capital has established a second base in India – and sixth region-wide – with the opening of an office in New Delhi.
SparkLabs launches US-listed SPAC
SparkLabs Group, which operates a network of start-up accelerators and venture capital funds with a strong presence in Asia, has raised USD 100m through a special purpose acquisition company (SPAC) offering on NASDAQ.
Mubadala supports buyout of Korea's Osstem Implant
Mubadala Investment has invested in Osstem Implant, a Korean manufacturer of dental implants that was taken private by MBK Partners and UCK Partners (formerly Unison Capital Korea) earlier this year.
India's True North commits $75m to iLink Digital
True North has agreed to pay USD 75m for a minority stake in iLink Digital, a digital transformation service provider founded in the US by two Indian entrepreneurs.
Navis seeks up to $1.3b for ninth Asia fund
Navis Capital Partners wants to raise as much as USD 1.3bn for its ninth Asia fund, which is being primed for a formal launch early in the new year.
LeapFrog eyes February close, claims significant progress on fundraise
Impact investor LeapFrog Investments expects to close its fourth flagship fund in February, with a source close to the situation adding that "a significant share" of the targeted USD 1bn has already been raised.
Indonesia fintech platform Investree gets $231m Series D
Investree Group, operator of a series of lending platforms that target micro, small and medium-sized enterprises (MSMEs) in Southeast Asia, has raised EUR 220m (USD 231m) in Series D funding.
Deal focus: Bolttech benefits from running start
Bolttech has pieced together one of the world’s largest digital insurance broking platforms through targeted acquisitions. Now, increased emphasis is attached to expansion from broking into underwriting
Taiwan streaming platform set for Singapore SPAC merger
17Live, a VC-backed Taiwan-based streaming platform that previously tried and failed to list in the US, is set to become the first company to list in Singapore through a merger with a special purpose acquisition company (SPAC).
China VC: Amicable divorces
Regulatory pressures are encouraging Chinese VC firms to end longstanding US affiliations, but the impact of impending legislation – even sight unseen – cuts deeper into investor sentiment on China
Q&A: ADM Capital's Chris Botsford
Chris Botsford, co-founding partner and CIO of Asia-focused private credit provider ADM Capital, on linking financial and sustainability outcomes, the merits of SMAs, and opportunities in complexity
Temasek's True Light Capital raises $3.3b China fund
True Light Capital, a Singapore-based asset manager established by Temasek Holdings, has raised USD 3.3bn for a fund that invests in companies that have a nexus to or a major business relationship with Greater China.
AVCJ daily bulletin returns October 3
AVCJ's daily bulletin will not be published on October 2 due to the public holiday in Hong Kong.
China's Enflame secures $273m Series D
Shanghai International Group (SIG) – acting through an assortment of investment units – has led a CNY 2bn (USD 273m) Series D round for Chinese artificial intelligence (AI) chip designer Enflame Technology.
LPs favour co-invest, secondaries as allocation appetite warms - survey
LPs are more willing to allocate to private markets strategies compared to a year ago, although co-investment and secondaries are prioritized over buyout and venture, according to a global survey by Goldman Sachs Asset Management (GSAM).
DCM adds partners in Japan, China
DCM has promoted two Asia-based investment professionals – Kenichiro Hara and Fiona Huang, who focus on Japan and China, respectively – to partner.