Investments
EDBI joins $50m round for US-based WalkMe
Singapore’s EDBI has joined a $50 million Series F round for US-based enterprise software provider WalkMe that will drive an Asia Pacific expansion.
Mixed impact on exits as early-stage VC heats up – AVCJ Forum
VCs face new challenges and opportunities in exit markets across Asia as later-stage investors and strategic players participate more deeply in early-stage ecosystems.
Permira invests in Taiwan aquatic feed business
Permira has acquired a 50% stake in Ye Cheng Industrial Products, a Taiwan-headquartered aquatic feed producer that operates under the Grobest brand.
Warburg takes apartment rental exposure into HK
Warburg Pincus has invested $181 million in Weave Co-Living, a Hong Kong-based rental accommodation provider focused on millennials and young professionals.
Japan PE outlook: Slow and steady
GPs have built strong ties with corporate Japan by demonstrating value-add capabilities. These networks should serve them well as the market becomes more active
Bain scores three wins at AVCJ Awards
Bain Capital completed a hattrick of wins at the 2018 AVCJ Private Equity & Venture Capital Awards, securing the prizes for firm of the year, deal of the year, and exit of the year – each one in the large-cap category. Quadrant Private Equity was named...
Oriental Fortune to buy stake in Chinese auto parts maker
Oriental Fortune Capital (OFC) has agreed to acquire Chinese auto parts maker Changzhou Guangyang Holding Group in order to gain a controlling stake in its listed subsidiary.
China B2B plastics trading platform gets Series C funding
Kuaisuwang, a Chinese B2B trading platform for plastic products, has raised several millions of US dollars in a Series C round of funding from IRPC, a listed Thai petroleum and petrochemicals company.
EQT buys stake in Chinese wallpaper brand
EQT has acquired a 40% stake in Shanghai Artwall Environmental Technology, a Chinese wallpaper manufacturer, from the company’s founders for an undisclosed sum. Red Star Macalline, a domestic home furnishings retailer, also participated as a minority...
TEPCO invests in PE-backed Vietnam hydro project
Tokyo Electric Power (TEPCO) has invested in a Vietnam hydropower project in which Nexif Energy, a Southeast Asia-focused energy investment platform backed by Denham Capital, owns a majority stake.
Sequoia China, ZhenFund launch entrepreneur club
Sequoia China Capital and ZhenFund have announced plans to launch a non-profit community dedicated to providing training courses and resources to Chinese entrepreneurs.
Australasia PE outlook: Return of the take-private
Large-cap GPs are setting their sights on listed companies, with healthcare, education and technology top of the list
L Catterton, Mitsui invest in Japanese eyewear retailer
L Catterton Asia has made its first investment in Japan, partnering Mitsui & Co. Principal Investments (MCPI) to support local eyewear retailer Owndays.
Quadrant-backed APM acquires UK-based WD Services
Advanced Personnel Management (APM), an Australian disability services provider purchased by Quadrant Private Equity last year, has acquired UK-based employment program operator WD Services.
Alibaba, Line invest Taiwan's KKday
Alibaba Group and Line Corporation have led an extended Series B round of undisclosed size for KKday, a Taiwan-based travel services company backed by a number of venture capital firms.
China’s LightInTheBox to acquire VC-backed Ezbuy
Chinese online retailer LightInTheBox has agreed to acquire Southeast Asian e-commerce operator Ezbuy for $85.55 million through a share swap.
Colinton, AustralianSuper, Myer buy stake in AMA
Colinton Capital, a middle market private equity firm established by Simon Moore, formerly Australia head at The Carlyle Group, has participated in a A$68.6 million ($49.7 million) investment in automobile aftercare services provider AMA Group.
China PE outlook: End of the party
Growth stage technology deals have retained a strong following in 2018, but elsewhere in Chinese private equity the mood is more somber
Japan’s TEPCO invests in PE-backed Electrify
Electrify, a Singapore-based energy marketplace based on blockchain technology and backed by Japan’s Global Brain, has raised an investment of undisclosed size from TEPCO Frontier Partners, an incubator sponsored by Tokyo Electric Power (TEPCO).
Intel Capital backs China healthcare AI business
Intel Capital has led an investment of undisclosed size in Huiyi Huiying, a Chinese medical imaging technology developer that uses artificial intelligence (AI).
China B2B home decoration materials platform gets Series A
Zhangshangfucai, a Chinese online B2B platform for sourcing home decoration materials, has raised $8 million in Series A funding led by ZhenFund.
BASF venture unit backs China 3D printing player
Germany’s BASF Venture Capital has agreed its first direct investment in China with a commitment of undisclosed size to 3D printing company Prismlab.
Jungle co-leads $29m round for UK AI developer
Jungle Ventures has joined UK-based venture capital firm Lakestar to lead a $29 million Series A round for Engineer.ai, a developer of artificial intelligence (AI)-enabled software development tools.
Q&A: Warburg Pincus' Chip Kaye
Chip Kaye, co-CEO of Warburg Pincus, discusses market fluctuations, global dislocation, expanding into Southeast Asia, raising a companion fund for China, and innovation in the secondaries space