WeWork, a US co-working space provider pursuing an aggressive Asia expansion with the backing of several PE investors, revealed a number of risks associated with rapid global growth in a filing for its US IPO.
Jade Invest has confirmed a partial exit from Chinese lifestyle goods retailer Latt Liv, selling a “strategic stake” to e-commerce giant JD.com. Financial terms have not been disclosed.
CSB, an Indian private bank with several private equity backers, has filed for an IPO that is expected to raise at least INR300 million ($4.2 million). It is the first PE-backed IPO filing in more than nine months.
Zhihu, a Chinese question-and-answer platform, has raised a $434 million Series F round led by domestic search engine Baidu and short video site Beijing Kuaishou Technology.
The Kotak Special Situations Fund, which is sponsored by an alternative assets arm of Kotak Mahindra Group focused on Indian non-performing loans (NPLs), has reached a final close of $1 billion.
Bertelsmann India Investments has led a $30 million funding round for Rupeek, an India-based online gold loan marketplace.
KKR has announced a strategic partnership with Hong Kong-listed lighting solutions company NVC Lighting in which the GP will acquire a controlling stake in NVC’s mainland China business.
Indian financial technology platform Lendingkart has raised a INR2.1 billion ($29.9 million) Series D round from existing investors Fullerton Financial Holdings, Bertelsmann India Investment, and India Quotient.
Chinese contract research organization (CRO) Biocytogen has raised a RMB543 million ($78 million) Series D round led by China Life Insurance and SDIC Venture Capital, a VC arm of the State Development & Investment Corporation (SDIC).
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US-based private equity firm JC Flowers is planning to sell nearly all of its stake in Japanese financial institution Shinsei Bank for an undisclosed amount.
Ou Wang, the former head of private equity for China Investment Corporation (CIC), has joined China Renaissance Holdings as a strategy consultant. He has also joined the board of Huajing Securities, the firm’s mainland China-focused investment banking...
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Invest2Innovate, an accelerator program for technology start-ups in emerging markets, has launched a $15 million venture capital fund focused on Pakistan.
Indian co-working space provider GoWork has raised a $53 million round of debt financing led by BlackRock’s private credit team, with participation by CLSA Capital Partners’ special situations group.
Singapore’s GIC Private has agreed to invest up to INR44 billion ($621 million) in nine toll road assets controlled by Indian private road and highway firm IRB Infrastructure Developers.
AustralianSuper and Ontario Teachers’ Pension Plan (OTPP) have agreed to commit up to $1 billion each to the National Investment & Infrastructure Fund (NIIF), a vehicle backed by the Indian government.
SpeeDx, an Australian developer of molecular diagnostics solutions, has raised $15 million from US-based VC firm Northpond Ventures across two tranches.
India-based local services marketplace UrbanClap has raised a $75 million Series E round led by Tiger Global Management that will provide an exit for some unnamed investors.
India’s Alteria Capital closes its debut fund with about $140 million in commitments and a plan to provide venture debt at later stages. Ecosystem creation is a guiding objective
The Southeast Asia arm of Massachusetts Mutual Life Insurance’s venture capital arm, has led a $32.5 million funding round for Singapore-based online banking platform Aspire.
EQT has agreed to acquire a controlling stake in Australia-based managed IT services provider Nexon Asia Pacific for an undisclosed amount.
Affirma Capital, a PE firm launched last year as a spin-out of Standard Chartered’s private equity business, has completed its first transaction as an independent firm with a $50 million investment in Indian supplements maker Tirupati Medicare.