Investments
Legend, Tiger back Chinese industrial e-commerce platform
Legend Capital and Tiger Global Management have led a $129 million Series C round for Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products.
SoftBank Vision Fund forms JV with Chinese insurer Zhong An
SoftBank Vision Fund has entered into a technology development joint venture (JV) with Zhong An, a PE-backed Chinese insurance company. It will see each party contribute $100 million.
Australia's Simple gets $17m expansion round
Australian marketing platform operator Simple has raised $17 million for global expansion in a round led by local investor BBRC Private Equity. It is the GP’s first investment.
PE firms to acquire India's Spoton Logistics for $78m
Samara Capital and Xponentia Fund Partners, a PE firm headed by former executives from CX Partners, The Carlyle Group, and Citigroup Venture Capital International (CVCI), have agreed to acquire Indian logistics platform Spoton Logistics from India Equity...
China's Shansong Express raises $60m
Shansong, a Chinese start-up that provides intercity courier services, has raised $60 million in the first tranche of a Series D round. It comes 15 months after the company closed its Series C at $100 million.
Japan hotel-booking start-up raises $6.3m
Metro Engines, a Tokyo-based start-up that provides pricing tools for online hotel booking sites, has raised JPY700 million ($6.3 million) from a group of Japanese venture capital and strategic investors.
KKR to acquire Indian petrochemicals maker
KKR has agreed to acquire JBF Petrochemicals, the petrochemicals unit of Indian polyester manufacturer JBF Industries, for an undisclosed amount.
Singapore IoT supplier UnaBiz gets $10m
UnaBiz, a Singapore-based technology provider focused on the internet-of-things (IoT), has received a $10 million funding round from a group of investors including Japan’s KDDI Corporation and Global Brain.
GIC leads $85m Series B for China's Harbour BioMed
Harbour BioMed, a China-based biopharmaceutical company focused on treatments for cancer and autoimmune disorders, has raised an $85 million Series B round led by Singapore’s GIC Private.
US VC leads $15m round for Australia's Flare
US-based VC Point72 Ventures has led a A$21 million ($15.4 million) round for Australian staff management technology provider Flare.
CLSA buys Japan beauty salon chain
CLSA Capital Partners (CLSA CP) has agreed to acquire 100% of Japanese beauty salon operator Puzzle for an undisclosed sum via a bolt-on with industry counterpart Agu Group.
J-Star acquires Japan auto parts company
Japan’s J-Star has acquired a controlling stake in domestic auto parts remanufacturing company Honest for an undisclosed sum.
Alibaba merges food delivery units, raises $3b
Alibaba Group has merged Ele.me, a China-focused food delivery platform that it acquired earlier this year, with its local services platform Koubei. The combined platform has raised $3 billion from investors including Alibaba and SoftBank Group.
GPs support $590m investment in take-private target China Biologic
China Biologic Products, a US-listed biopharmaceuticals player that was subject to two take-private offers, said it was set to raise $590 million by issuing new shares to investors including Centurium Capital, CITIC Capital, and Hillhouse Capital.
AVCJ Awards 2018 - Nominations have now closed
Nominations for the 2018 AVCJ Private Equity & Venture Capital Awards have now closed. The public voting stage of the process will begin around October 10.
Visa joins Series C for Japan fintech player Paidy
Visa has committed an undisclosed amount to a Series C funding round for Paidy, a Japanese financial technology company with several VC and corporate backers.
Hyundai backs Series B for India's Revv
Hyundai Motor has led a $14.2 million Series B funding round for Revv, an Indian car rental start-up backed by Edelweiss Private Equity.
China’s GL commits $12.5m to UK-listed healthtech platform
GL Capital, a healthcare-focused GP based in China, has invested GBP9.75 million ($12.5 million) in UK-listed health technology platform Oxford BioDynamics (OBD) as part of a larger partnership aimed at expansion in China.
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
Chinese fintech start-up Blackfish gets $50m
A group of VCs including Lightspeed Venture Partners has invested $50 million in Blackfish Technology, a Chinese financial technology start-up offering a range of retail banking services.
Deal focus: China baby boom market comes of age
Warburg Pincus has acquired Chinese mother-and-baby company Leyou, providing an exit for CDIB Capital and The Carlyle Group. The deal signals a rapid maturation process in the segment
Orchid, TPG lead $110m Series C for China's Duiba
Orchid Asia and TPG Capital have led a $110 million Series C round for Duiba, a Chinese enterprise services company that specializes in marketing and user engagement programs.
China’s Maimai gets $200m Series D
Maimai, a Chinese social networking app for professionals that is seen as the country’s equivalent to LinkedIn, has raised $200 million in Series D funding led by DST Global.
Deal focus: Vietnam’s Sendo embraces B2C
A number of Japanese investors are supporting Vietnamese C2C e-commerce player Sendo as it diversifies operations with a B2C marketplace and mobile payments platform