Investments
Brookfield nears $3.16b bid for Australia's Healthscope
Brookfield Asset Management expects to proceed with a A$4.49 billion ($3.16 billion) take-private offer for Australia-listed hospital operator Healthscope, although BGH Capital – which began its pursuit of the company eight months ago – has indicated...
Hong Kong online insurance start-up gets $30m Series A
Hong Kong-based Bowtie Life Insurance has raised $30 million in Series A funding and become the first company in the territory to receive a “virtual” license to provide online-only services.
Naspers leads $1b Series H for India's Swiggy
Naspers has re-upped in Indian online food ordering and delivering platform Swiggy, leading a $1 billion Series H round of funding for the company.
AVCJ Awards 2018: Deal of the Year - Late Stage Technology: Ant Financial
A string of private equity investors backed Ant Financial’s $14 billion Series C round, having recognized a company at the forefront of financial disruption in China
CITIC Capital, FountainVest buy control of pallet leasing business
CITIC Capital Partners and FountainVest Partners have acquired a majority stake in China Merchants Loscam, a pallet and packaging business owned by Sinotrans, for RMB2.48 billion ($359 million).
KKR reduces offer for Australia's MYOB
KKR has reduced its offer for Australian accounting software provider MYOB and is now willing to buy all the shares it doesn’t already own at a valuation of A$2 billion ($1.43 billion).
Ola, VCs back India scooter sharing player Vogo
India-based ride-hailing platform Ola has committed $100 million worth of inventory to domestic scooter sharing business Vogo. It is part of a Series A round that also features Matrix Partners India and Stellaris Venture Partners.
Clifford Chance launches Singapore legal tech incubator
Clifford Chance has launched a start-up incubator focused on legal technology and innovation in Singapore.
Strattam buys majority stake in Australian software specialist
US-based private equity firm Strattam Capital has acquired a majority stake in Australian workforce management software-as-a-service provider Acendre Partners for an undisclosed sum.
AVCJ Awards 2018: Firm of the Year - Mid Cap: Quadrant Private Equity
Chris Hadley, executive chairman of Quadrant Private Equity, reflects on the key themes underpinning the firm’s activities in Australia and – increasingly – overseas as well
Actis exits India's Symbiotec to MOPE, Invascent
Motilal Oswal Private Equity (MOPE) and healthcare-focused GP Invascent Capital have invested in Indian pharmaceutical developer Symbiotec Pharmalab, providing an exit for Actis Capital.
AVCJ Awards 2018: Responsible Investment: Manuka Health
The transformation of Manuka Health from loosely run family affair into professional segment leader helped organize a cottage industry into big business
Timeline: 2018 by numbers
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Chinese online truck logistics platform raises $170m
Fuyoukache, a Chinese online truck logistics platform, has raised $170 million in a Series D round led by a Bank of China investment unit and Matrix Partners China. Prospect Avenue Capital also participated.
PEP-backed Intellihub acquires New Zealand smart meter business
Intellihub Group, an Australian smart meter company formed earlier this year by Pacific Equity Partners (PEP) and Landis+Gyr, has acquired the metering data and service business of New Zealand power supplier Mercury for NZ$270 million ($185 million).
Five trends for 2019
AVCJ looks at how its 2018 predictions turned out and identifies some key themes for the year ahead
ICG backs spin-out of Standard Chartered Private Equity
Intermediate Capital Group (ICG) has agreed to support a spin-out of Standard Chartered’s private equity business, taking the majority of the remaining $1 billion in assets off the bank’s balance sheet.
China drug trading platform Yaoshibang raises $133m Series D
Chinese B2B pharmaceutical trading and education platform Yaoshibang has raised $133 million in a Series D round of funding led by Tiger Global Management, H Capital, and DCM.
Multiples invests $35m in Indian NBFC
Indian private equity firm Multiples Alternative Asset Management has invested INR2.5 billion ($34.8 million) in non-banking finance company (NBFC) APAC Financial Services.
AVCJ Awards 2018: Deal of the Year - Early Stage Technology: Deskera
Jungle Ventures and Tembusu Partners have fueled the expansion of Deskera’s enterprise software solution focused on small businesses across Southeast Asia
Deal focus: India’s Licious cuts in a heavyweight
Indian online fresh meat and seafood delivery company Licious felt compelled to raise its Series D round within three months of its Series C after a segment leader from Japan made an irrefutable offer
Deal focus: Cool Japan helps Spiber spin chic new web
Cool Japan has taken a new angle on its cultural investment thesis with Spiber, a biotechnology developer bringing next-generation materials to the apparel industry
Accel, Qualcomm join $35m round for India's Ninjacart
Accel Partners and Qualcomm Ventures have joined an INR2.5 billion ($35 million) funding round for Indian agriculture industry platform operator Ninjacart.
PE-backed WuXi Apptech trades flat on Hong Kong debut
PE-backed WuXi AppTec, a contract pharmaceutical R&D services provider, traded flat on its Hong Kong debut, following an IPO of HK$9.1 billion ($1.1) billion.