Expansion
Creador invests in Malaysian bakery chain
Creador has invested MYR57 million ($13.3 million) in Bake With Yen (BWY), a Malaysian baking and confectionery ingredients supplier.
Deal focus: Liulishuo bridges the learning gap
China's Liulishuo wins $100 million in funding for an adult-focused education app that uses artificial intelligence to bring customized teaching solutions to English language learners
Warburg Pincus to buy stake in Chinese mutual fund business
Warburg Pincus is set to acquire Société Générale's (SocGen) 49% interest in Fortune SG Asset Management, a Sino-foreign mutual fund joint venture with China’s Baosteel Group.
China’s Xiaomi confirms $1b debt deal
Chinese PE-backed smart phone maker Xiaomi has raised a new $1 billion loan to support global expansion and the build-out of its offline retail network.
Advent buys stake in India's Dixcy Textiles
Advent International has invested an undisclosed amount in Indian innerwear maker Dixcy Textiles.
Joy Capital leads $105m round for China’s Shopex
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has led a RMB700 ($105 million) Series D round for Shanghai ShopEx Network Technology, an e-commerce software and services provider.
Hony, SoftBank commit $500m to WeWork China unit
US-based co-working space operator WeWork has raised $500 million from investors led by Hony Capital and Japan’s SoftBank to create a dedicated Chinese entity as part of efforts to compete with local rivals.
Korea's SK invests $334m in PE-backed e-Shang Redwood
Korean conglomerate SK Group has agreed to invest KRW372 billion ($334 million) in pan-Asian logistics player e-Shang Redwood (ESR), valuing the private equity-backed business at approximately $2.8 billion.
Indian healthcare services platform receives $15m Series C
Indian healthcare services platform operator 1mg Technologies has secured a $15 million Series C round led by HBM Healthcare Investments.
China-based English language learning app secures Series C
CMC Capital Partners and Wu Capital – a Beijing-based family office for Longfor Properties – have jointly led a Series B round of funding for Liulishuo, a language learning app powered by artificial intelligence (AI).
Tencent invests in India's PE-backed Byju's
China’s Tencent Holdings has invested an undisclosed amount in Indian online education start-up Byju’s, whose PE backers include Verlinvest and Sequoia Capital.
SoftBank, Didi Chuxing invest $2b in Southeast Asia's Grab
Southeast Asian ride-hailing app operator Grab has received $2 billion from SoftBank and Chinese peer Didi Chuxing as part of what is expected to be a $2.5 billion funding round.
Carlyle, SBI buy GE Capital's stake in India credit card unit
The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to...
Sequoia, Mission back Singapore’s One Championship
One Championship, a Singapore-based mixed martial arts (MMA) organization, has secured a new funding round led by Sequoia Capital India and Mission Holdings – an investment vehicle owned by billionaire Saurabh Mittal.
Deal focus: Naked Hub scales up for WeWork challenge
Asian co-working space operators Naked Hub and JustCo have decided to join forces to fend off competition from WeWork, a US-based sector leader now encroaching on the regional market. As a joint expansion program rolls out, pricing control will be a key...
Portfolio: Everstone Capital and Modern Foods
Everstone Capital’s purchase of Hindustan Unilever’s bakery business was its first corporate carve-out. It is now ready to introduce India to the new and improved Modern Foods
PAG backs Home Credit for expansion in China
PAG Asia Capital has agreed to invest approximately RMB2 billion ($296 million) in a Hong Kong unit of Czech-based consumer loans company Home Credit Group, with a view to supporting the company's expansion in China.
Creador buys minority stake in Indian hospital chain
Creador has paid INR2.75 billion ($42 million) for a minority stake in Paras Healthcare, which manages a chain of five hospitals in northern India.
Yunfeng invests in China tourism services provider
Yunfeng Capital has invested in Beijing Davost Tourism & Cultural Creativity, a provider of resorts management and other support services to the Chinese tourism industry.
KKR to invest $200m in Indian hospital operator
KKR has agreed to invest approximately $200 million for a 49% stake in India-based Radiant Life Care with a view to helping the specialty hospital operator expand its network of facilities nationwide.
China warehouse robot developer gets $60m Series B
Geek+, a Chinese manufacturer of robots for use in logistics and warehousing, has received $60 million in Series B funding led by Warburg Pincus. Several existing investors, including Volcanics Ventures, also participated.
Warburg Pincus invests $100m in India’s CleanMax
Warburg Pincus has committed $100 million to CleanMax Solar, an Indian rooftop solar panel company backed by the International Finance Corporation (IFC) and Bessemer Venture Partners.
2Q analysis: All about Japan
Japan’s middle-market in fundraising flurry; Toshiba fails to make the second-quarter cut, but Asia buyouts still boom; public markets, particularly in Japan, deliver strong exits as trade sales stutter
China's Zhongzhi invests $80m in renewable energy producer
ZZ Capital, an alternative assets manager and private equity firm backed by China’s Zhongzhi Enterprise Group, has committed EUR70 million ($80 million) to Italy-based renewable energy producer Building Energy.