Articles by Justin Niessner
OTPP to acquire majority stake in India's Sahyadri Hospitals
Ontario Teachers' Pension Plan (OTPP) has agreed its first control private equity buyout in India, taking a majority stake in Sahyadri Hospitals and setting up a partial exit for Everstone Group.
Energy transition case study: GLP
GLP’s sprawling warehousing and transport interests offer a unique view of the myriad energy issues that permeate the logistics value chain. Tech and common sense are the primary maintenance tools
China blockchain developer Bit raises $13m
Bit, a China, Singapore, and US-based blockchain infrastructure provider set up by former employees of Tencent Holdings, has raised USD 13m in Series A funding led by CMB International.
Energy transition case study: Ekta
Indonesia’s Ekta, a blockchain ecosystem operator with an eponymous cryptocurrency, has made a mission of curbing electricity usage in a notoriously power-hungry industry
Energy start-ups: Disencumbering incumbents
Digital start-ups play a crucial role in energy transition and therefore represent a significant investment opportunity. The best approaches consider human nature and social themes as well as widgets
Quadria plans full exit through Concord Biotech's India IPO
Singapore-based healthcare specialist Quadria Capital is set for a full exit from pharmaceuticals industry supplier Concord Biotech via an India IPO.
ADIA commits $83m to India's Aditya Birla Health Insurance
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR 6.6bn (USD 83.5m) in India’s Aditya Birla Health Insurance (ADBHI) for a 10% stake.
Singapore crypto risk platform extends Series A to $24m
Singapore’s Merkle Science, a predictive crypto analytics platform, has raised USD 24m in Series A funding led by K3 Ventures, Darrow Holdings, and Beco Capital.
India's CleverTap raises $105m Series D
India and US-based customer engagement platform CleverTap has raised a USD 105m Series D round led by Caisse de depot et placement du Quebec (CDPQ).
India edtech player UpGrad raises $210m
UpGrad, an India-based education technology company set up by media maven Ronnie Screwvala, has raised USD 210m featuring Temasek Holdings and education-focused private equity firm Kaizen.
India's SquadStack raises $17.5m Series B
India’s SquadStack, a telemarketing technology provider, has raised a INR 1.4bn (USD 17.5m) Series B round led by Bertelsmann India Investments.
Deal focus: Allegro pumps up in New Zealand
Australia’s Allegro Funds has made its first investment from its largest fund to date, flexing new capacity to invest at scale with petrol station chain Gull New Zealand
Profile: Anil Ahuja
After pioneering Indian private equity and helping launch some of the biggest movers and shakers in the region, Anil Ahuja called it quits. In some ways, the postscript has been more rewarding
J-Star invests in Japanese courier business
Japanese lower middle-market private equity firm J-Star has made an investment of undisclosed size in air cargo transportation and courier services provider Score Japan Holdings.
India fintech app Dezerv raises $21m Series A
Accel has led a USD 21m Series A round for Indian retail investment services app Deserv with support from existing investors Elevation Capital and Matrix Partners India.
Adamantem to carve out cardiology unit from Australia's GenesisCare
Adamantem Capital has agreed to acquire Australia’s largest cardiology services provider through as a carve-out from KKR-backed healthcare giant GenesisCare.
Thailand's SCB 10X appoints Mukaya Panich as CEO
SCB 10X, the VC arm of Thailand’s Siam Commercial Bank, has appointed Mukaya Panich, its chief investment and venture officer, as CEO.
Japan satellite data, metaverse start-up raises $11m
Japanese VCs have provided a JPY 1.4bn (USD 11m) seed round for SpaceData, a start-up that uses earth imaging data from satellites to create virtual 3D environments replicating the real world.
Proparco commits $25m to India's Northern Arc
French development finance institution Proparco has invested USD 25m in debt in India’s Northern Arc Capital, a microfinance and small business lender with several private equity backers.
Australia hydrogen player gets $29m Series A
Australia’s Virescent Ventures, a VC firm spun out earlier this year from Clean Energy Finance Corporation (CEFC), has led a AUD 40m (USD 29m) Series A round for local hydrogen energy start-up Hysata.
Allegro buys New Zealand fuel retail business
Australia’s Allegro Funds has agreed to acquire 100% of petrol station chain Gull New Zealand, the largest independent operator of its kind locally, for NZD 552m (USD 327m).
China biotech player Sironax raises $200m Series B
Gaorong Capital and Yunfeng Capital have led a USD 200m Series B round for China’s Sironax, a drug developer targeting age-related degenerative diseases.
Omnivore exits India agtech player Eruvaka
Indian agriculture technology specialist Omnivore Partners claims to have achieved the country’s largest exit in the sector to date with the sale of aquaculture start-up Eruvaka to Dutch strategic Nutreco.
Singapore's Singtel pumps $100m into VC arm
Singapore telecom giant SingTel has committed USD 100m to its VC arm Innov8. The investment unit, which operates on an evergreen fund model, has received USD 350m to date.