Investments
ADM raises $630m for Asia credit fund
Hong Kong-based special situations investor ADM Capital has raised $630 million for a credit fund that will target mid-sized companies in Asia.
Deal focus: VCs back DataCanvas' opensource solution
Chinese start-up DataCanvas wants to democratize artificial intelligence through a plug-and-play platform that lets companies customize algorithms. Financial institutions are the early adopters
Deal focus: SensorFlow's coronavirus pivot
With hotel occupancy falling - and demand for its energy management solution taking a hit - SensorFlow moved quickly to make the revenue model sustainable. The company is now targeting vertical and geographic expansion
Coronavirus & MAC clauses: Devil in the details
Business breakdowns caused by COVID-19 have spurred investors to re-examine their legal options with deals in pre-close limbo. That could spark a major evolution in M&A contracting
Capricorn acquires Hong Kong corporate services player
UK-based family office Capricorn Capital has made its second investment in Asia with the 100% acquisition of Hong Kong corporate services provider Ethos for an undisclosed sum.
RTP Global leads round for Indian B2B agritrading platform
Bijak, an Indian business-to-business (B2B) platform for trading agricultural commodities, has raised $12 million in a Series A funding round led by RTP Global.
Chinese oatmeal brand Wangbaobao gets $14m Series B
Chinese oatmeal brand Wangbaobao has raised approximately RMB100 million ($14 million) in a Series B round led by consumer-focused BA Capital. Existing investors Source Code Capital, Vertex Ventures and Decent Capital re-upped.
Hamilton Lane backs Polaris-led privatization of Japan's Sogo Medical
Hamilton Lane has participated as a co-investor in a Japanese take-private for the first time, supporting a Polaris Capital Group-led tender offer for Sogo Medical Holdings, a Japanese pharmacy chain operator and B2B healthcare management platform.
KKR to acquire India solar assets for $204m
KKR has announced plans to acquire five solar energy assets from Shapoorji Pallonji Infrastructure Capital (SP Infra) for INR15.5 billion ($204 million).
Q&A: Zenysis Technologies' Jonathan Stambolis
Zenysis Technologies develops artificial intelligence-enabled systems that help governments improve healthcare management. CEO Jonathan Stambolis explains how demand has increased in response to COVID-19
Korea's IMM invests $40m in Chinese water business
IMM Investment, a Korea-based GP that focuses on venture capital, mezzanine and infrastructure deals, has committed $40 million to United Water Corporation, a Chinese water and wastewater treatment provider.
Portfolio: Navis Capital Partners and Hanoi French Hospital
Navis Capital Partners has taken a boutique private hospital to a new level of competence and professionalism just in time for the biggest healthcare emergency in living memory
Qiming leads round for Chinese display chip provider
Yunyinggu, a Chinese manufacturer of integrated circuits used in flat screen displays, has raised RMB200 million ($28 million) in Series C funding across two tranches.
Indian brewer B9 Beverages raises $20m from Sofina, Sequoia
B9 Beverages, the owner of the Indian beer brand Bira 91, has raised INR1.5 billion ($20 million) in funding from Sequoia Capital India and Belgian investment firm Sofina.
Vietnam e-commerce enabler OnPoint raises $8m
OnPoint, a Vietnam-based start-up that provides corporate clients with e-commerce support services, has raised an $8 million Series A round backed by Korea’s Kiwoom Investment.
After COVID-19: Retail revolution?
Attempts to map out post-coronavirus outbreak developments in retail are complicated by uncertainty over the timing of the rebound and the extent of the role played by technology
Deal focus: Huilianyi's digitization drive
China Renaissance backed Huilianyi's $42 million extended Series C round with a view to capitalizing on widespread corporate adoption of electronic invoicing
Baring Asia restructures retailer Cath Kidston
Baring Private Equity Asia has agreed a restructuring of Cath Kidston, a UK lifestyle retailer it has backed since 2014, under which the company has entered administration and will reemerge as a smaller business.
Coronavirus & Australia VC: In SaaS we trust
Enterprise services start-ups with recurring revenue are well positioned, but mid-cap players could become vulnerable
Kuaishou backs Chinese online education platform Huohua Siwei
Huohua Siwei, a Chinese online education platform specializing in mathematics and science, has raised $30 million in an extended Series D round from local video-sharing giant Kuaishou.
Thailand's InVent invests in Singaporean insurtech Igloo
InVent, a corporate venture capital firm affiliated with a Thai telecom operator, has led a $16 million funding round for Singaporean insurtech Igloo, formerly known as Axinan.
Warburg Pincus re-ups in India's Apollo Tyres
Warburg Pincus has invested INR5.4 billion ($70.2 million) in Apollo Tyres to follow up on an earlier investment in the company. This continues a recent trend of PE players increasing their stakes in Indian public companies.
Chinese big data player DataCanvas raises $17m
Beijing ZetYun Tech, also known as DataCanvas, has raised RMB120 million ($17 million) in Series C funding across two tranches. Participants include Zhongguancun Frontier Fund, GF Qianhe, Delta Capital, and Shidake Investment.
Openspace, Gaw back Singapore's SensorFlow
Gaw Capital, a Hong Kong-based private equity firm with a real estate focus, and Openspace Ventures have co-led an $8.3 million funding round for SensorFlow, a Singaporean energy management solution provider.