Investments
Australia HR start-up Flare raises $16m
KKR-owned accounting services providers MYOB has led a A$22 million ($16 million) Series C round for Australian HR technology start-up Flare.
Chinese O2O retail platform Dmall gets $418m Series C
Dmall, a Chinese digital solutions provider for traditional retailers, has raised a Series C of RMB2.8 billion ($419 million) led by Industrial Bank and China Structural Reform Fund at a valuation of $2 billion.
Deal focus: Proterra whisks Asia supply chain for Eat Just
With China consuming more eggs per capita than its Western peers, Proterra Investment Partners sees strong growth potential for plant-based substitute Just Egg. The GP has committed $100 million to an Asia supply chain roll-out
Guy Hands buys Australian cattle business from Terra Firma
Guy Hands, chairman and CIO of Terra Firma, has acquired the UK-headquartered private equity firm’s position in Consolidated Pastoral (CPC), one of Australia’s largest cattle station operators, through his family office.
Ares bids for Australian financial services player AMP
Ares Management has submitted a non-binding offer of around A$6.4 billion ($4.5 billion) to acquire Australia’s AMP, continuing the recent private equity push into the country’s wealth management industry.
India's Finova gets $55m in equity, debt funding
Finova Capital, an Indian small business lending start-up, has raised $55 million in equity and debt, including $35 million in equity from Sequoia Capital India and Faering Capital.
China biotech player Genecast raises $149m Series E
Genecast Biotechnology, a Chinese gene sequencing and precision diagnostics company, has closed a RMB1 billion ($149 million) Series E funding round led by China Structural Reform Fund.
China's LianBio receives $310m round
LianBio, a Chinese biotech start-up incubated earlier this year by life sciences investor Perceptive Advisors, has raised $310 million from a group featuring BlackRock.
Portfolio: Archipelago Capital Partners and Timuraya Tunggal
Archipelago Capital Partners is playing a subtle but foundational role in Indonesia’s ongoing industrialization by taking the helm of longstanding chemicals producer Timuraya Tunggal
Carlyle Asia fund supports $2.3b Siemens carve-out
The Carlyle Group’s Asia buyout fund has joined its European counterpart in the EUR2 billion ($2.3 billion) acquisition of Flender, a Siemens subsidiary that manufactures mechanical and electrical drive systems commonly used in wind turbines and industrial...
China biotech player Gracell raises $100m Series C
Wellington Management, OrbiMed and Morningside Ventures have led a $100 million Series C round for Gracell Biotechnologies, a China-based developer of cancer treatments.
Chinese self-heating hotpot start-up gets $50m Series C
Zihaiguo, a Chinese start-up best-known for its line of self-heating hotpot products, has raised a $50 million Series C round led by CICC Capital at a valuation of $500 million.
Shunwei leads $22m round for Chinese fruit tea brand
Chinese fruit tea brand Sweet7 has raised RMB150 million ($22 million) in funding led by Shunwei Capital, with participation from Insight Fund, a vehicle launched by financial advisor MM Capital.
Japan edge computing start-up raises $19m
Idein, a Japanese start-up focused on device-level data processing technology, also known as edge computing, has raised a JPY2 billion ($19.2 million) round featuring Global Brain.
Fund focus: Secondaries drive Ping An unit's transition
China Ping An Insurance Overseas Holdings has aspirations to manage assets for third-party investors. Spinning out part of the global private equity portfolio may help it get there
YF Capital leads $315m Series E for China MRO player
Zhenkunhang, a China-based distribution platform for industrial products, has raised $315 million Series E funding led by YF Capital - previously Yunfeng Capital - a private equity firm co-founded by Alibaba’s Jack Ma.
Japan logistics tech provider raises $16.7m
Japanese logistics technology start-up Openlogi has raised JPY1.7 billion ($16.7 million) in an ongoing Series C round featuring Sumitomo Corporation.
India's FreshToHome raises $121m Series C
FreshToHome, an Indian food delivery platform backed by local VCs Iron Pillar and Ascent Capital, has raised a $121 million Series C round.
China e-sports business VSPN raises $100m
VSPN, a China-based start-up that claims to be the world’s largest e-sports provider, has raised nearly $100 million in Series B funding led by Tencent Holdings.
Infratil, Morrison bid $524m for Australia radiology business
New Zealand infrastructure investors Infratil and HRL Morrison have offered to acquire a 75% stake in Australia-based radiology business Qscan for an enterprise valuation of A$735 million ($524 million), facilitating an exit for Quadrant Private Equity....
Australia's SafetyCulture raises a further $35m
Blackbird Ventures has led a A$48.5 million ($35 million) round for Australian workplace safety platform SafetyCulture. It comes six months after a Series C investment of similar size.
Deal focus: Delta, Daiwa target Myanmar's PET peeve
Commercial Plastics Holding - the target of a rare Myanmar private equity buyout - is being positioned as a leader in the country's plastic bottle recycling industry
Australia's Link Group rejects PEP, Carlyle buyout offer
Australia-based financial data and fund administration services provider Link Group has rejected a A$2.7 billion ($1.97 billion) buyout offer from Pacific Equity Partners (PEP) and The Carlyle Group, saying it materially undervalues the company.
Square Peg joins $80m Series D for Australia's Rokt
Square Peg Capital and TDM Growth Partners have joined an $80 million Series D round for Australia e-commerce marketing technology provider Rokt.