Investments
Longreach agrees Hong Kong medical devices buyout
The Longreach Group has announced the third investment from its recently closed third mid-market buyout fund, with an agreement to acquire contract development and manufacturing organization (CDMO) Quasar Engineering.
Source Code leads round for China machinery rental business
China-based Zhongneng United, which rents out aerial work platforms that provide temporary access to inaccessible areas, has raised $50 million in Series B funding led by Source Code Capital.
Chinese industrial robotics player Emergen raises $30m
Qiming Venture Partners has led a RMB200 million ($30 million) Series B round for Emergen, a Chinese company that designs intelligent operating systems for factories and produces industrial robots.
Intel Capital backs two Chinese AI companies
Intel Capital has invested two Chinese start-ups as part of a $117 million commitment across 14 artificial intelligence (AI) companies globally.
EQT backs Southeast Asia healthcare benefits administrator
EQT has made an investment of undisclosed size in MHC Asia, a Southeast Asia-based healthcare benefits administrator that helps corporate clients customize health and wellness offerings.
General Atlantic, Värde invest $267m in India's PNB
General Atlantic and Värde Partners have invested INR18.5 billion ($267 million) in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
RRJ takes full ownership of Gategroup from HNA
RRJ Capital has agreed to take full ownership of Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
India's BigBasket raises $150m funding round
Indian online grocer BigBasket has raised $149.9 million from a group of investors including Mirae Asset Management, UK development finance institution CDC Group, and Alibaba Group.
Softbank leads $89m round for Chinese online drug retailer
China-based Dingdang Kuaiyao, an online-to-offline (O2O) medicine retailer, has raised RMB600 million ($89 million) in a new round of funding led by existing investor Softbank China Venture Capital.
CICC-TPG fund acquires French auto supplier
China Synergy Fund, the dual currency investment vehicle established earlier this year by TPG Capital and CICC Capital, has agreed to acquire Electropoli, a provider of surface treatment services, from French automotive conglomerate Impala Group.
Tencent leads $297m Series B for China fresh food retailer
Yipinshengxian, a China-based fresh food discount supermarket operator, has raised RMB2 billion ($297 million) in a Series B round of funding led by Tencent Holdings.
Coatue leads $25m Series C for China’s Kyligence
Coatue Management has led a $25 million Series C round for Chinese big data analytics and cloud services company Kyligence.
Korea's Standigm raises $11.5m Series B
Mirae Asset Capital has led a $11.5 million Series B round for Standigm, a Korean drug discovery and development company that uses artificial intelligence (AI).
Deal focus: Guochen looks to the future
Chinese industrial robotics developer and incubator Guochen raises $15 million in Series A funding to continue pushing China's robotics industry to greater heights
CDIB makes $61m tender offer for Taiwan's Jintex
CDIB Capital, the private equity arm of China Development Financial, has launched a tender offer for Taiwan-based chemical producer Jintex that values the company at NT$1.87 billion ($60.5 million).
China’s Maison leads round for music streaming app Boomplay
Boomplay, a music streaming and download service provider serving African audiences, has raised $20 million in a Series A round led by Maison Capital, with participation from Yunshi Capital.
Tata, GIC join $1.1b investment in India's GMR Airports
Tata Group, GIC Private, and special situations investor SSG Capital have formed a consortium to invest INR80 billion ($1.1 billion) in India’s GMR Airports (GAL). It will facilitate a number of private equity exits.
Chinese big data player MiningLamp raises $298m
MiningLamp Software, a big data solutions provider in China, has raised RMB2 billion ($298 million) in a Series D round of funding led by Tencent Holdings.
Deal focus: InstaRem bids for the big time
Vertex Ventures leads a $41 million investment in Singapore's InstaRem to grow its global digital payments infrastructure
Indian agtech: Technology harvest
Indian investors are excited about a growing wave of agricultural technology start-ups focused on solving practical problems faced by farmers, but achieving scale with a limited scope will be a challenge
Faering, Sequoia invest $15m in India's Finova
Finova Capital, an Indian non-banking finance company (NBFC) targeting rural small businesses, has raised $15 million from Faering Capital and Sequoia Capital India.
Affirma, IIFL invest $132m in India's Northern Arc
IIFL Asset Management (IIFL AMC) and Affirma Capital, a spin-out of Standard Chartered Private Equity (SCPE), have invested INR9.1 billion ($131.9 million) in Indian non-banking finance company (NBFC) Northern Arc Capital.
Tencent leads $74m round for China crowdfunding platform
Shuidi, the operator of Shuidichou, a Chinese crowdfunding platform for patients with critical medical conditions, has raised RMB500 million ($74 million) in a Series B round of funding led by existing investor Tencent Holdings.
Australia's Airwallex achieves unicorn status
Australian financial technology company Airwallex has received a $100 million Series C round led by DST Global at a valuation of more than $1 billion.