Singapore-based Dymon Asia Private Equity (DAPE) has teamed up with domestic engineering company Tee International to acquire a medical division of industrial services provider Sembcorp Environment for S$20 million ($15 million).
It marks the first investment by DAPE’s second fund, which closed earlier this month with $450 million in commitments, having targeted $350 million. The fund has a mandate to invest companies that have...
New Horizon Health, a China-based manufacturer of cancer testing kits for use at home, has raised $30 million in a Series E round of funding led by Rock Springs Capital.
Shanghai-based Yingke Private Equity has closed its latest renminbi-denominated fund with commitments of RMB2 billion ($286 million), primarily from insurers and other financial institutions.
Google will launch a INR750 billion ($10 billion) fund to make equity, operational, infrastructure and ecosystem investments that seek to increase the pace of digitization in India.
Asia private equity fundraising rebounded from a seven-year low in the first quarter of the year to reach $24 billion for April through June, but commitments were concentrated on a handful of managers.