Articles by Tim Burroughs
Market volatility thwarts CVC pursuit of Australia's Brambles
CVC Capital Partners has abandoned its proposed acquisition of Australia-based container supplier Brambles, citing market volatility.
Hong Kong's Silverhorn recruits Bert Kwan as PE head
Bert Kwan, formerly of Northstar Group and Standard Chartered Private Equity (SCPE), has joined Hong Kong-headquartered multi-asset investment firm Silverhorn as head of private equity.
India's NIIF joins $128m round for Ather Energy
India’s National Investment & Infrastructure Fund (NIIFL) has participated in a USD 128m funding round for Ather Energy, a leading domestic manufacturer of two-wheel electric vehicles (EV).
Baring Asia makes Series A software investment
Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kong-founded product lifecycle management platform provider.
ICG buys New Zealand's Canopy Healthcare
ICG has acquired Canopy Healthcare Group, a New Zealand-based healthcare platform that offers diagnostic imaging, medical oncology, and drug compounding services.
MDI launches healthcare fund with Indonesian strategic
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has launched a USD 20m fund with domestic vaccine manufacturer Bio Farma that will pursue early and growth-stage healthcare investments.
Macquarie buys into Provident, Saratoga-owned digital infra platform
A consortium led by Macquarie Asset Management (MAM) has paid USD 610m for a minority stake in a Southeast Asia-focused digital infrastructure platform controlled by Provident Capital and Saratoga Capital.
IFM acquires Australia SaaS player Render Networks
IFM Investors has acquired a controlling interest in Render Networks, an Australia-founded and now US-headquartered software-as-a-service (SaaS) provider specialising in construction management.
DST, WiL lead Series C for Japan's Upsider
DST Global and World Innovation Lab (WiL) have led a JPY 15bn (USD 115m) Series C round for Upsider, a Japan-based corporate credit card issuer. It is said to be the first time DST has taken the lead role in a Japan deal.
Tiga SPAC to merge with San Vicente-owned Grindr
Grindr, a LGBTQ+ dating app acquired by an investor group after its Chinese owner violated foreign investment regulations, has agreed to merge with a special purpose acquisition company (SPAC) sponsored by Singapore-based Tiga Investments.
Deal focus: Square Peg supports LottieFiles' push for scale
LottieFiles has carefully cultivated an investor base that can participate in its bid to capture even more demand from companies keen to plug motion graphics into their apps and websites
GP profile: EmergeVest
Building on unorthodox roots and a highly concentrated portfolio, EmergeVest wants to establish itself as a global-minded Asia specialist in technology-enabled supply chains
Wellington Management hires Asia fundraiser
Wellington Management has recruited Xiaying Zhang, formerly head of Hamilton Lane’s Singapore office, to lead fundraising efforts for its private investment strategies in Asia Pacific.
Korean home interiors start-up gets $182m Series D
OHouse, a consumer-facing platform in South Korea used for sourcing materials and services relating to home furnishing and interior decorating, has raised USD 182m in Series D funding.
Nexus Point acquires Hong Kong freight forwarding business
Nexus Point Capital, which makes middle-market control investments in Greater China, has acquired a majority stake in Hong Kong-headquartered freight forwarding business Honour Lane Shipping (HLS).
AVCJ daily bulletin returns May 10
AVCJ’s daily bulletin will not be published on May 9 due to a public holiday in Hong Kong.
Australia's Shippit secures $46m Series B
Tiger Global Management, Tidal Ventures, and SecondQuarter Ventures have led an AUD 65m (USD 46m) Series B extension for Australia-based logistics software provider Shippit.
Bain sells Australia childcare business for $320m
Bain Capital has sold Australia-based daycare provider Only About Children (OAC) to US strategic investor Bright Horizons Family Solutions for AUD 450m (USD 320m).
Private wealth: Talent war
A shortage of fundraisers familiar with the high-net-worth segment is being keenly felt in Asia as global GPs look to raise more capital through private bank channels
Fund focus: MassMutual Ventures widens remit
Having started a Southeast Asia specialist, MassMutual Ventures has broadened its regional coverage to include everything outside of China. Europe is also part of the equation for Fund III
India's Turtlemint closes $120m Series D
Amansa Capital, Jungle Ventures, and Nexus Venture Partners have led a USD 120m Series E round for Indian online insurance broker Turtlemint, taking its valuation close to the USD 1bn mark.
China's VisionNav Robotics raises $80m
5Y Capital and Meituan, China’s leading online-to-offline services provider, have led a USD 80m Series C extension for VisionNav Robotics, a local manufacturer of driverless industrial vehicles.
KKR launches tender offer for Japan's Hitachi Transport System
KKR has launched a tender offer for Hitachi Transport Systems at a valuation of approximately JPY 749.5bn (USD 5.8bn) after agreeing to acquire parent company Hitachi’s controlling stake in the business.
Venturi closes debut SE Asia, India consumer fund on $175m
Venturi Partners, a Singapore-based consumer-focused investment firm established by a former Verlinvest executive in the region, has closed its debut fund on USD 175m.