Blackbird Ventures has led a NZ$32 million ($23.4 million) Series B round for Halter, a New Zealand-based start-up that has developed smart cow collars and an accompanying app to aid dairy farm management.
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).
Australia-based turnaround investor Allegro Funds has agreed to buy Toll Global Express (TGS), the express delivery division of domestic logistics giant Toll Group.
Loyal Valley Capital has led a RMB400 million ($62 million) Series B extension for EdiGene, a China-based biotech company that uses genome editing technologies to accelerate drug discovery.
Novo Holdings, which manages the wealth of Denmark’s Novo Nordisk Foundation, has made its first investment in an Asian healthcare company by participating in an $80 million Series C round for Indonesia healthcare technology provider Halodoc.
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
An investor group including Centurium Capital, CITIC Capital and Hillhouse Capital has completed its protracted pursuit of China Biologic Products Holdings with a $4.6 billion privatization.
Sapphire Ventures, Tiger Global Management, and Insight Venture Partners have led a $125 million Series G round for Chargebee, an India-founded and US-headquartered enterprise services business.
Bain Capital has closed its first dedicated Japan private equity fund with JPY110 billion ($1.01 billion) in commitments.
A selection of Australia-based assets that remain in the portfolios of Advent Partners, Anchorage Capital Partners, CHAMP Ventures, and Crescent Capital Partners
Oatly, a Swedish oat-based, dairy-free beverage brand backed by a joint venture between China Resources Group and Verlinvest, has filed for a US IPO and put in place a mechanism for an additional Hong Kong listing.
Thailand is hardly a hotbed of private equity activity in Asia, but Lakeshore Capital has demonstrated an ability to deploy and return capital. It now has a $150 million second fund to put to work
Moving from advisor to investor and back again, C.Y. Huang has carved a niche in Taiwan’s M&A and private equity world. But he remains conscious of the need to adapt and evolve
KKR and DCP Capital Partners have jointly invested in Adopt A Cow, a China-based dairy farm operator that pursues a direct-to-consumer sales model underpinned by digital tools.
Centurium Capital and Joy Capital have invested $250 million in scandal-hit Chinese coffee shop chain, with Centurium describing it as a sign of faith in the company’s business model and long-term prospects.
Japanese venture capital firm Samurai Incubate has closed its second Africa-focused fund above target at just over JPY2.02 billion ($18.6 million).
Amazon has formed a $250 million fund that will invest in India-based small and medium-sized enterprises (SMEs) with a view to supporting nationwide business digitalization.
CPE has reached a first close of $1.8 billion on its fourth US dollar-denominated fund following a six-month period punctuated by three new investments and four portfolio company IPOs.
TuSimple, a China and US-based developer of autonomous driving technology for trucks, traded flat on debut following a $1.35 billion IPO at a market capitalization of $8.5 billion.
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.
Korean internet company Kakao Corporation has spun out its fashion e-commerce business as an independent entity and merged it with Zigzag, a VC-backed local fashion marketplace.
Justin Ryan, a managing partner at Quadrant Private Equity and latterly head of the Australian firm’s growth strategy, is stepping back from day-to-day investment activity.
KKR has contributed JPY4 billion ($37 million) to a JPY6.6 billion funding round for Netstars, a Japanese QR code payment gateway operator. SIG and Lun Partners, a Hong Kong-based global financial technology investor, also took part.
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.