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Investments

payment-debit
Indonesia fintech start-up iSeller gets $12m

Indonesia financial technology start-up iSeller, which helps businesses to digitise sales and operations, has raised USD 12m in Series B funding led by Intudo Ventures.

  • Southeast Asia
  • 27 January 2023
contest-battle-compete-tug-war
Australia's Potentia contests Nitro merger plan

Potentia Capital has appealed a decision by Australia’s Takeovers Panel not to intervene in a situation that has seen Nitro Software repeatedly rebuff acquisition proposals made by the private equity firm.

  • Australasia
  • 27 January 2023
kfc-burger
Orchestra Private Equity acquires KFC Korea

Having secured permission to do sub-franchising and to make alterations to menus and store formats, Orchestra Private Equity believes it can succeed with KFC Korea where others failed

  • North Asia
  • 26 January 2023
terra-drone
Aramco backs Japan drone start-up

Saudi Arabia’s Aramco, the world’s largest oil company, has invested USD 14m in Japanese drone maker Terra Drone on the back of a JPY 8bn (USD 62m) Series B round.

  • MENA
  • 26 January 2023
car-t-cell
China cell therapy developer raises $75m

Iaso Biotherapeutics, a Chinese cell therapy developer focusing on oncology treatments, has raised nearly CNY 500m (USD 75m) in an extended Series C round.

  • Greater China
  • 26 January 2023
india-technology-mobile-men
India's PhonePe raises $350m at $12b valuation

General Atlantic has invested USD 350m – at a pre-money valuation of USD 12bn – in PhonePe, a digital payments platform that spun out from Indian e-commerce marketplace Flipkart.

  • South Asia
  • 20 January 2023
co-investment
Deal focus: Secondary investors support Capital Square, Basil merger

Capital Square Partners and Basil Technology Partners have joined forces, with HarbourVest Partners, NewQuest Capital Partners, and Committed Advisors backing a USD 700m fund comprising Asia IT services investments from both GPs

  • South Asia
  • 19 January 2023
buyout-guy-cash
Asia PE investment declines 40% in 2022

Asia private equity investment reached USD 223.9bn in 2023, a sharp decline from the USD 376.4bn recorded a year earlier, but still the second-largest annual total on record, according to provisional data from AVCJ Research.

  • Fundraising
  • 19 January 2023
ecommerce-conversions-clicks
Reefknot leads Series A for Singapore logistics player Locad

Singapore-based logistics service provider Locad has raised USD 11m in Series A funding led by Reefknot Investments, which is supported by Temasek Holdings and supply chain giant Kuehne + Nagel.

  • Southeast Asia
  • 19 January 2023
computer-data-analysis-s
Avatar Growth leads Series C for India's Mad Street Den

Avatar Growth Capital, a private equity firm specialising in bringing Indian tech to global markets, has led a USD 30m Series C round for US and India-based retail services player Mad Street Den.

  • South Asia
  • 19 January 2023
evisu-store
TR exits last China asset acquired through Cassia restructuring

TR Capital has sold China-focused luxury streetwear brand Evisu United – one of two assets it acquired through fund restructuring for Cassia Investments – through a sale to an unnamed financial sponsor. The size of the deal was not disclosed.

  • Greater China
  • 19 January 2023
hkvca-asia-2023-buyout
Asia GPs see reversion to norm on deal flow, valuations

Asia-focused buyout managers pointed to a return to a version of normality – with an anticipated upturn in investment and exits – in 2023 at the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia forum.

  • Buyouts
  • 18 January 2023
data-analysis-chart-spreadsheet
4Q analysis: Who wants China?

Pan-regional GPs get traction by highlighting their Asia ex-China credentials; buyouts rebound as growth capital – and China – continue to recede; India impresses with bumper exit proceeds

  • Greater China
  • 18 January 2023
gordon-cho-elevation-2022
Profile: Elevation Equity Partners’ Gordon Cho

Negotiating a spinout while troubled by health issues tested Gordon Cho’s faith and resilience. He feels stronger for the experience and is now looking to make his mark on Korea’s middle market

  • North Asia
  • 17 January 2023
eastar-jet-korea
Deal focus: VIG secures rare airline turnaround opportunity

VIG Partners stepped into the breach when Eastar Jet’s previous white knight bailed. It agreed to recapitalise the airline on obtaining assurances that key licenses and routes remain in place

  • North Asia
  • 17 January 2023
satellite
China satellite developer Minospace raises $60m

Beijing-based satellite developer Minospace has raised nearly CNY400m (USD 59.6m) across a Series B round and a Series B extension.

  • Greater China
  • 17 January 2023
zero-interstellar-rocket
Japan rocket start-up Interstellar gets $29m Series D

Interstellar Technologies, which in 2017 became the first Japanese company to launch a privately developed space rocket and is currently working on solutions for sending small satellites into orbit, has raised JPY 3.8bn (USD 29.6m) in Series D funding.

  • North Asia
  • 17 January 2023
sael
Norwegian climate fund backs India waste-to-energy player

A climate fund set up by Norwegian development finance institution Norfund has invested NOK 600m (USD 60.5m) in Indian solar and waste-to-energy company SEAL.

  • South Asia
  • 17 January 2023
mattress-bed-sleep-family
Investcorp leads $39m Series D for India's Wakefit

Investcorp has led a INR 3.2bn (USD 39.4m) Series D round for India’s Wakefit, which claims to be the largest D2C retailer of mattresses and bedding accessories.

  • South Asia
  • 16 January 2023
copin-webtoon
GIC, PIF invest $924m in Korea's Kakao Entertainment

Singapore’s GIC and Saudi Arabia’s Public Investment Fund (PIF) have agreed to invest a combined KRW 1.15trn (USD 924m) in Korean internet giant Kakao’s entertainment division.

  • North Asia
  • 13 January 2023
ecoceres
Bain backs Asia biorefinery platform

Bain Capital Private Equity has confirmed a significant equity commitment to EcoCeres, a Hong Kong-based biorefinery. The size of the investment was not disclosed.

  • Greater China
  • 13 January 2023
weijian-shan-pag-aff
PAG's Shan emphasizes diversity, control in Asia private equity

Momentum has shifted towards geographically diversified pan-regional investors, control deals, and private markets following a decade dominated by China-centric funds, growth-stage technology plays, and public equities, Weijian Shan, chairman and CEO...

  • Greater China
  • 13 January 2023
solar-power-cadiz
China's Yuze Semiconductor raises $178m

China’s Yuze Semiconductor, a specialist in single-crystal high-efficiency silicon wafers, has raised a CNY 1.2bn (USD 178m) Series B round featuring Goldstone Investment, a PE unit of CITIC Securities.

  • Greater China
  • 13 January 2023
ev-electric-vehicle-charging
China gas station, charging pile platform Newlink secures $133m

Newlink Group, the operator of a China-based platform that helps drivers locate the best-value gas stations and charging piles, has raised CNY 900m (USD 133m) through a series of financing rounds involving three subsidiaries.

  • Greater China
  • 12 January 2023
1 2 3

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payment-debit
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Hillhouse-backed China pet services business seeks US listing
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Australia's Potentia contests Nitro merger plan
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