Pacific Equity Partners (PEP) has reached a first close of A$600 million ($433 million) on its secure assets fund, which invests in companies in Australia and New Zealand that generate annuity income but also offer opportunities for traditional private equity-style operational improvement.
The vehicle was launched earlier this year with a target of A$750 million and a hard cap of A$1 billion. The first investment came in May with the acquisition of Origin Energy’s Acumen smart meters...
India-based ride-hailing platform Ola has committed $100 million worth of inventory to domestic scooter sharing business Vogo. It is part of a Series A round that also features Matrix Partners India and Stellaris Venture Partners.
Clifford Chance has launched a start-up incubator focused on legal technology and innovation in Singapore.
US-based private equity firm Strattam Capital has acquired a majority stake in Australian workforce management software-as-a-service provider Acendre Partners for an undisclosed sum.
AsiaInfo Technologies, a Chinese telecom software provider that was privatized by a CITIC Capital-led consortium in 2014, has raised HK$899.3 million ($115 million) in its Hong Kong IPO.