Warburg Pincus has committed half of an $800 million round for Shanghai-based warehousing and logistics company NewEase China, which focuses on improving shipments through domestic airports and urban hubs.
The platform was founded earlier this year by Chinese entrepreneur Dongping Sun, who previously partnered with the private equity firm to launch warehouse developer e-Shang – now known as e-Shang Redwood...
Timothy Zee, a Singapore-based managing director with PAG whose primary responsibilities included deal sourcing and business development, has left the firm after 10 years.
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.