Fundraising focus shifts to China venture, but it’s the same polarization story; upturn in trade and secondary sales suggests the COVID-19 freeze is thawing; healthcare retains its investment appeal
Canadian Solar, a NASDAQ-listed solar power company, has raised RMB1.78 billion ($260 million) to carve out certain China-based assets ahead of a local IPO.
Nominations for the 2020 AVCJ Private Equity & Venture Capital Awards will close on September 30 at 6 p.m. Hong Kong time. Please take the opportunity to have your say on the year's outstanding firms, fundraises, investments and exits.
The Carlyle Group has agreed to sell its majority stake in Korean apparel manufacturer Yakjin Trading Corporation to domestic fashion giant JS Corporation for around KRW14.3 billion ($12 million).
SPi Global, a Philippines-based enterprise technology provider controlled by Partners Group, has paid an undisclosed sum for a majority stake in Indian education technology company LearningMate.
Reliance Retail Ventures (RRVL), a company associated with Jio Platforms, has acquired Indian VC-backed drug marketplace Netmeds.
Tencent Holdings has proposed a merger of Douyu and Huya – China’s two largest game-centric live-streaming platforms. Both NASDAQ-listed companies have a number of VC investors.
ByteDance, the PE-backed owner of TikTok and the Toutiao news aggregation service, has acquired VC-backed Chinese medical information platform Baikemy for RMB500 million ($72 million).
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.
Byju’s, an Indian online learning platform backed by several PE and VC firms, has acquired WhiteHat Jr, a platform that helps students learn to code.
PE-backed Junshi Biosciences has become the first Chinese biotech company to list in Hong Kong and the mainland, following a strong debut on Shanghai's Star Market.
Chinese insulin manufacturer Gan & Lee Pharmaceuticals, which counts Qiming Venture Partners and Goldman Sachs among its investors, raised RMB2.5 billion ($354 million) through an A-share IPO.
Private equity fundraising, investment and exits all fell to multi-year lows in the first quarter of 2020 as the economic fallout from coronavirus outbreak forced investors to focus on existing portfolio exposure and made them wary of making new commitments.
UK-based enterprise IT services provider Ascential has acquired Yimian Data, a Chinese e-commerce analytics business backed by local VC firms ZhenFund and Legend Star.
Asian private equity investors face considerable challenges in 2020 with the coronavirus outbreak likely to exacerbate existing concerns around an impending global downturn, a drop-off in exits and dwindling deal-making activity in China, according to...
Existing analysis of the impact of COVID-19 on PE and VC in Asia is largely based on anecdotes and incomplete datasets. A detailed prognosis must wait - and then the broader implications for consumption habits will take even longer to emerge
Huize Holding, a Shanghai-based insurance platform backed by SAIF Partners, has raised about $55 million in a US IPO.
Warburg Pincus generated distributions of $2 billion from its China investments last year, a record annual total for its local operation.
The last three months of 2019 were consistent with the preceding nine as pan-regional fundraising remained weak and exits continued to disappoint. Only investment rebelled against the status quo
France-based GP Tikehau Capital has exited its stake in Singapore workspace provider JustCo, achieving a net profit of S$27.7 million ($20.5 million) and an 8x return multiple.
Indian conglomerate Reliance Industries has agreed to buy an 85% stake in local enterprise IT provider NowFloats for INR1.4 billion ($20 million). It positions several VCs to exit.
EQT spent 11 years helping Chinese pharmacy chain Laobaixing evolve from large-format laggard into a focused and efficient operator that meets the needs of modern customers. It has now exited with a 7.7x return
Chinese cross-border private equity firm Sailing Capital has exited its position in Soneva, a Thailand-based luxury hotel operator known for its Maldives resorts, following the sale of a significant minority stake to US-based KSL Capital Partners.