Articles by Holden Mann
Polaris carves out beverage business from Asahi
Polaris Capital Group has agreed to acquire LB, a soft drink-focused division of Japanese beverage maker Asahi Group Holdings.
VC-backed MC Payment to list in Singapore via reverse merger
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
True North sets $1.1b hard cap for sixth India fund
Indian private equity firm True North – formerly known as India Value Fund Advisors (IVFA) – has set a hard cap of $1.1 billion for its sixth fund, according to sources familiar with the situation.
Everstone-Realterm JV launches third India logistics fund
IndoSpace, a joint venture between the Everstone Group and US-based Realterm Global, has launched its third fund aimed at developing Indian logistics and industrial facilities.
VC-backed auto financing platform Yixin files for HK IPO
Yixin, the VC-backed online financing subsidiary of China-focused online automotive portal Bitauto Holdings, has filed for an IPO in Hong Kong.
CLSA makes partial exit from Japan's BC Ings
CLSA Capital Partners (CLSA CP) has made a partial exit from Japanese cram school operator BC Ings to a government-backed investment fund.
Deal focus: GPs boost Prenetics' Asia genetics effort
Beyond Ventures and Alibaba Group have led a funding round that will support the Asia expansion of Hong Kong-based genetics healthcare start-up Prenetics
LP interview: LGT Capital Partners
LGT Capital Partners sees Asia as a misunderstood investment destination among Western LPs due to unfounded concerns about the risk of the region. Local connections are key to building a strong strategy
Delphi acquires Singapore-focused NuTonomy for $450m
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
Toshiba shareholders approve $18b TMC sale to Bain consortium
The shareholders of Japanese conglomerate Toshiba Corporation have approved the sale of the company’s Nand flash memory unit Toshiba Memory Corporation (TMC) to a consortium led by Bain Capital for JPY2 trillion ($17.6 billion).
CDPQ backs logistics expansion by Logos India
Caisse de dépôt et placement du Québec (CDPQ) is backing Australia-headquartered property company Logos’ expansion into Indian logistics projects.
Two partners depart India's Kalaari
Bala Srinivasa and Prashant Aluru, partners at Indian early-stage venture capital firm Kalaari Capital, have left the firm to pursue other opportunities.
Gaja part-exits India's John Distilleries to US trade buyer
Gaja Capital Partners sold part of its stake in Indian liquor producer John Distilleries (JDPL) to The Sazerac Company, a US-based distillery.
SE Asia's Sea hikes IPO price, raises $884m
Singapore-headquartered mobile internet and gaming platform Sea has raised $884 million in its US IPO after increasing the offer price and size.
Southeast Asia's Grab gets $700m in debt funding
Southeast Asian ride-hailing app operator Grab has secured debt facilities of up to $700 million from leading global and regional banks.
Intel Capital announces China, Japan investments
Intel Capital, the captive VC arm of Intel Corp, has invested in technology start-ups from China and Japan as part of a $60 million overall investment in 15 companies worldwide.
PE-backed NZ cricket platform goes into receivership
CricHQ, a cricket-focused online platform based in New Zealand and backed by Singapore-based Tembusu Partners, has been placed in receivership.
Sinovation leads $40m Series B for China's Hua Juan
Sinovation Ventures has led a $40 million Series B round for Chinese e-commerce and online video platform Hua Juan.
PE-backed MAS Financial climbs 31% on trading debut
Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
Alibaba, Beyond lead $40m round for Hong Kong's Prenetics
Beyond Ventures and Chinese internet giant Alibaba Group have led a $40 million funding round for Hong Kong-based genetic testing and wellness start-up Prenetics.
Portfolio: J-Star and Japan Hospice Holdings
In 2014 J-Star bet on a pair of pioneering companies in Japan’s hospice care market. Now the resulting platform is set to dominate the still-nascent industry with high standards for care and patient dignity
ADK management offers support to Bain buyout bid
Japan-based advertising agency Asatsu-DK (ADK) has expressed its support for Bain Capital Private Equity’s proposed JPY151 billion ($1.3 billion) buyout, against opposition from its largest shareholder, WPP Group.
Amicus invests $9.3m in India's RenewBuy
Amicus Capital Partners has made its maiden investment, committing INR600 million ($9.3 million) to Indian online insurance aggregator RenewBuy.
True North, IDG in $77m round for India's Policybazaar
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.