TPG targets $1.2b Australia funeral services take-private
TPG Capital has submitted a buyout offer for Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria, that values the company at approximately AUD 1.8bn (USD 1.2bn).
The private equity firm is willing to pay AUD 12.65 per share in cash for all outstanding shares, according to a filing. Acting through its eighth pan-Asian fund, which reached a first close of USD 3.4bn...
Japan's Heartseed raises $14m Series D
Heartseed, a Tokyo-based biotech start-up specializing in treatments that use cardiac muscle cells to initiate the remuscularization of patients who have suffered heart failure, has raised JPY 2bn (USD 14.3m) in Series D funding.
Shenzhen Capital backs Chinese titanium metal producer
Shenzhen Capital Group has participated in a CNY 2.27bn (USD 321m) funding round for Yunnan National Titanium Metal, a subsidiary of Shenzhen-listed chemicals producer LB Group.
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
Singapore's Qualgro seeks $150m for Fund III
Qualgro Partners, a Singapore-headquartered venture capital firm, is looking to raise USD 150m for its third fund.