Investments
SeaLink leads $29m round for Indian children’s hospital
SeaLink Capital Partners has led a INR2 billion ($29 million) investment in Indian maternal and pediatric hospital chain Surya Children’s Medicare, providing an exit for OrbiMed Advisors.
Activist investors in Japan: Governance gambit
Japan's governance reforms have given activist investors more leverage over underperforming companies. PE firms are well positioned to offer solutions to these targets in the form of carve-outs, privatizations, or partnerships
Shunwei, DCM lead $65m round for China's Yaoshibang
Chinese B2B pharmaceutical trading and education platform Yaoshibang has received RMB420 million ($65 million) in Series C funding across two tranches.
China's Ono gets $16m Series A round
A group of VCs including China Growth Capital have agreed to invest $16 million in Ono, a China-based company that claims to be the creator of the first decentralized social network.
Singapore's M17 abandons US IPO
M17 Entertainment, a Taiwan and Singapore-based media streaming company, has abandoned plans for a $60.1 million IPO in the US citing unspecified difficulties with some investors.
Oaktree-backed DDH1 makes Australian drilling bolt-on
DDH1, an Australian drilling company backed by Oaktree Capital Management, has acquired 100% of domestic counterpart Strike Drilling as part of a platform-based consolidation plan.
Australia-listed Sirtex accepts CDH's $1.4b buyout offer
Australian medical device manufacturer Sirtex Medical has accepted a A$1.9 billion ($1.4 billion) buyout offer from China’s CDH Investments, pulling the plug on an earlier agreement with US-listed Varian Medical Systems.
TR gets 3.4x return on Flipkart, opens India office
TR Capital secured a 3.4x net return on its investment in Indian e-commerce giant Flipkart, having sold its stake in conjunction with Walmart’s acquisition of the business. The secondaries specialist announced the exit to coincide with the opening of...
Sequoia, Shunwei lead $38m round for PatSnap
PatSnap, a cloud-based intellectual property analytics and management software developer based in the UK and Singapore with more than half of its clients in China, has raised a $38 million Series D round led by Shunwei Capital and Sequoia Capital.
Japan robotics: Friendly faces
Japan’s home robotics industry is still in its early stages, and considerable work is required to create devices that can both appeal to everyday consumers and meaningfully contribute to their lives
China early-stage investment round-up
Venture capital deals involving IDG Capital, Orchid Asia, Fosun Group, Matrix Partners, ZhenFund, Sky9 Capital, CDH Investments, Meridian Capital, Eastern Bell Venture Capital, SIG, and Qianhai FoF
China Growth Capital leads round for Cheduoduo
China Growth Capital has led a $17.7 million Series A round of funding for Cheduoduo, a newly launched Chinese used car trading platform, with participation from Source Code Capital.
Blackbird leads $10m round for Australia's Propeller Aero
Blackbird Ventures has led a $10 million Series A round for Propeller Aero, a cloud-based analytics technology supplier focused on drone use in heavy civil and resources industries.
Chinese AI player Yitu raises $200m
Yitu Technology, a Chinese artificial intelligence (AI) start-up that is developing solutions for machine vision, listening and understanding, has raised $200 million in Series C-plus funding.
Japan outbound M&A: Looking for growth
Unable to find growth at home, Japanese companies are looking for it overseas. Private equity investors can be helpful in everything from execution to integration, provided they can prove their credentials
Japan demographics: New normal, new entries
Private equity investors see potential for growth in Japan’s demographic contractions. Countercyclical and tangential consolidation strategies are the preferred gambits in a churning macro environment
CVC acquires Malaysia's Munchy Food Industries
CVC Capital Partners has acquired 100% of Malaysia-based food company Munchy Food Industries for an undisclosed sum.
Toyota invests $1b in SE Asia's Grab at $10b valuation
Japan’s Toyota Motor Corporation will contribute $1 billion as the lead investor in the latest round of funding for Southeast Asia-focused ride-hailing business Grab. The commitment – the largest-ever made by an automaker in the ride-hailing industry...
Capital Group, GL buy stake in Chinese hospital operator
Capital Group Private Markets (CGPM) has joined GP Capital to invest in Jinxin Healthcare, the maternity care division of Chinese hospital operator Chengdu Jinxin Healthcare Investment Management Group (Jinxin Group).
Chinese smart vehicle start-up raises $500m
Byton, a China-based manufacturer of smart electric cars backed by Legend Capital, has secured a $500 million Series B funding round from a group of domestic strategic investors.
CapitalG leads $21.8m round for India's Aye Finance
CapitalG, the investment arm of Google's parent company Alphabet, has led a INR1.5 billion ($21.8 million) Series C round for Aye Finance, an Indian microfinance institution (MFI) focused on small businesses.
VIDEO: Baidu Capital's Jenny Wu
Jenny Wu, a managing partner at Baidu Capital, discusses growth stage investment in artificial intelligence
Beyond backs Hong Kong electric motor company
Hong Kong-based Beyond Ventures has joined a $10 million round for ePropulsion Innovation, a domestic technology developer focused on electric motors for recreational boating.
Pivotal China seeds Sino-US cancer drug developer
Pivotal BioVenture Partners China, an investment platform of Hong Kong conglomerate Nan Fung Group, has led a $16.5 million seed round for Sino-US cancer drug developer Oncologie.
