Investments
China Sports Capital leads $15m round for gaming network
Fighting Esports Group (FEG), a China-based online gaming network, has raised a RMB100 million ($14.5 million) Series A round led by China Sports Capital, a joint venture between Sequoia Capital China and CMC Capital Partners.
Mitsui leads $40m Series B for Singapore's Campana
Mitsui & Co has led a $40 million Series B round for Campana Group as the data network infrastructure company advances the installation of an undersea fiber cable system between Singapore and Myanmar.
Venturra leads $26m round for Philippines' First Circle
Venturra Capital has led a $26 million Series A round for First Circle, a Philippines-based lending platform operator focused on small to medium-sized enterprises (SME).
China credit services specialist WeShare gets $90m Series B
Shenzhen-based Chinese financial services provider WeShare has secured $90 million in Series B funding led by Huaxing Growth Capital, an investment arm of China Renaissance, as well as CITIC Capital and Loyal Valley Capital.
Deal focus: Growth capital secondaries
NewQuest Capital Partners and Committed Advisors have invested $175 million in a fund intended to institutionalize the Basil Partners platform and help its portfolio companies achieve greater scale
India, US-based Netradyne gets $21m Series B round
Netradyne, a US and India-based developer of artificial intelligence (AI) technology focused on automotive applications, has raised $21 million in Series B funding from a group of VC and strategic investors.
Blockchain VCs invest $20m in Singapore's AI Grid
A group of VCs specializing in blockchain-related investments has backed a $20 million round for The AI Grid Foundation, a Singapore-based company that promotes decentralized renewable energy usage.
Direct Capital exits New Zealand's Cavalier Wool
New Zealand’s Direct Capital has exited its remaining 13.7% stake in domestic carpet manufacturing industry services provider Cavalier Wool Holdings (CWH) for an undisclosed sum.
Australia's Blue Sky agrees $36m debt deal with Oaktree
Special situations investor Oaktree Capital has extended a loan package worth up to A$50 million ($36 million) to Australia-listed Blue Sky Alternative Investments following a string of regulatory breaches.
Blackbird joins $14m round for Australia space player
Australia’s Blackbird Ventures has joined a A$19 million ($13.7 million) Series B round for local rocket developer Gilmour Space Technologies.
True North acquires India hair care business
Indian private equity firm True North has acquired a controlling stake in Sesa Oil, a domestic producer of hair and beauty care products.
NewQuest, Committed Advisors back $175m restructuring
NewQuest Capital Partners and Committed Advisors have bankrolled the formation of a $175 million fund that will acquire the existing portfolio of Singapore-based Basil Partners and provide additional capital for follow-on investments.
Tiger Global leads $44m Series C for China's Udesk
China-based customer services outsourcing provider Udesk has raised RMB300 million ($43.6 million) in a Series C round of funding led by Tiger Global Management, with participation from existing investors Legend Capital and DCM.
China sports streaming: Match of the day
Private capital entering China’s sports streaming space is gravitating to platforms backed by the incumbent internet giants. But how long will it be before the big content bets pay off?
PE consortium acquires Australia's Universal Store
Australian fashion retailer Universal Store has been acquired by venture capital firms BB Retail Capital, Catalyst Direct Capital Management, and Five V Capital.
Deal focus: Hahn & Co agrees transformative bolt-on
Hahn & Company has followed up its bumper acquisition of Hanon Systems by supporting the company in the $1.23 billion carve-out of a division from Manga International. The deal should bring more balance - and synergies - to the Hanon portfolio
Portfolio: Quadria Capital & Indonesia's Soho Global Health
Quadria Capital has brought the clarity and energy that venerable Indonesian pharmaceutical firm Soho Global Health needs as it addresses pent-up demand in Southeast Asia’s healthcare market
CLSA co-leads funding round for Taiwan's ACT
CLSA Capital Partners (CLSA CP) has co-led a funding round of undisclosed size for ACT Genomics, a Taiwan-based developer of genetic sequencing and diagnostic services.
Eight Roads leads Series C for India's PharmEasy
Indian online pharmacy PharmEasy has raised a $50 million Series C funding round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.
J-Star buys Japanese fashion retailer
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
Deal focus: GA targets mass-market healthcare
General Atlantic has committed $150 million to Hong Kong Asia Medical Holdings, a Chinese hospital operator that stands out among private players in that it accepts payment through the national health insurance system
Asia leveraged finance: Institutional aspirations
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way
KKR creates China hospital platform
KKR has launched a China hospital management and investment platform – known as SinoCare Group – that will pursue a consolidation strategy in the space through a combination of acquisitions and new builds.
SoftBank, Sequoia back $1b round for India's Oyo
India-based online hospitality platform Oyo has raised a $1 billion funding round aimed at supporting domestic and overseas expansion from existing investors including SoftBank Vision Fund and Sequoia Capital India.