Investments
China agriculture biotech program gets $30m
An investment platform owned by the Beijing Changping regional government has committed RMB204 million ($30 million) to a partnership with Origin Agritech that will commercialize genetically modified corn seeds.
GIC, ADIA invest $495m in India's Greenko
Indian renewable energy producer Greenko Energy Holdings has raised $495 million from its majority owner, Singapore’s GIC Private, and returning investor the Abu Dhabi Investment Authority (ADIA).
EQT terminates $2.6b Vocus acquisition
EQT infrastructure has abandoned a bid it extended less than two weeks ago to acquire Australian broadband internet provider Vocus Group for about A$3.3 billion ($2.3 billion).
ComfortDelGro backs Singapore logistics start-ups
Singapore land transport services company ComfortDelGro has backed two local logistics start-ups via its recently launched venture capital arm.
China's pet products industry: Paws for thought
China’s pet products and services industry is benefiting from closer relations between man and beast, but not every market segment will turn out a winner for private equity investors
CDPQ invests $206m in India's Mahindra
Caisse de dépôt et placement du Québec (CDPQ) has invested INR14.2 billion ($205.8 million) in Indian automotive conglomerate Mahindra & Mahindra through a public market transaction.
Chinese EV manufacturer Bordrin Motor raises $362m
China-based electric vehicle (EV) maker Bordrin Motor has raised RMB2.5 billion ($362 million) in a new funding round that featured Yin An Capital, the investment arm of Sinochem International.
Australian wi-fi chipmaker Morse Micro secures $17m
A group of Australian VCs including Blackbird Ventures has invested about A$24 million ($17 million) in local wi-fi and internet-of-things (IoT) chipmaker Morse Micro.
LPs worry about alignment issues in GP-led secondaries - survey
The arrival of GP-led secondary transactions in the private equity mainstream has been accompanied by mounting concerns among LPs that their interests might not be aligned with those of the managers driving these deals.
Japan's Polaris to back Panasonic security spin-out
Japan’s Polaris Capital has agreed to back Panasonic i-Pro Sensing Solutions, a spin-out of Panasonic that will take over the parent company’s security systems business in Japan and overseas.
China-US tensions hinder PE fundraising, redraw investment options
Trade tensions between China and the US have held back private equity fundraising in recent months, but industry participants are also considering the long-term challenges – and opportunities – of a schism between the world’s two largest economies.
Chinese fintech player Wiseco raises $94m Series A
Chinese financial technology start-up Wiseco Technology, which provides big data-powered risk control and debt collection services, has raised RMB650 million ($94 million) in a Series A round led by Huading Capital and Sino Ocean Group.
Deal focus: KaiOS looks beyond the iPhone
Hong Kong-based KaiOS Technologies has secured a $50 million Series B round for an expansion plan targeting what could be the mobile telecommunication industry’s most underserved segment
Chinese smart robot maker gets $14m Series A
CMB International Capital has led a RMB100 million ($14 million) Series A round of funding for Robosen, a Chinese smart robot manufacturer. Yu Hu, co-CEO of local voice recognition software developer iFlytek also took part.
China GPs target tech angles in consumer plays
All China consumer deals are now technology deals, but investors must back up this positioning with meaningful value-add capabilities in areas such as digital marketing and data analytics or risk being accused of embellishing a technology thesis for the...
Portfolio: Mekong and Pharmacity
Mekong Capital has spent the last two years helping Pharmacity bring Vietnam’s outdated retail pharmacy market into the modern age. Now the company is preparing to fend off a wave of copycats
Flipkart's Bansal leads $51m round for India EV player
Sachin Bansal, co-founder of Indian e-commerce giant Flipkart, has led a $51 million investment in local electric vehicle (EV) manufacturer Ather Energy.
China's Alphamab Oncology gets $60m Series B
Chinese biopharmaceutical developer Alphamab Oncology has completed a $60 million Series B round led by US and UK-based investor Hudson Bay Capital Management.
Openspace backs Indonesian agtech start-up
Openspace Ventures has led a $10 million Series A round for Indonesian agricultural technology start-up TaniGroup.
Guangdian, Fosun lead round for Chinese pet products player
China-based pet products producer Crazy Dog has raised RMB300 million ($43 million) in a Series B round of funding led by Guangdian Capital and Fosun International.
TPG, Warburg Pincus subscribe to Uxin convertible note
Uxin, a Chinese used car trading platform that went public last year, has raised $230 million through a convertible note issued to investors including Warburg Pincus and TPG Capital.
EQT Infrastructure offers $2.6b for Australia's Vocus
EQT Infrastructure has offered to acquire all the shares in Australia-listed broadband internet provider Vocus Group in a deal that values the company at about A$3.3 billion ($2.3 billion).
Hong Kong investors subscribe to movie crypto offering
Two Hong Kong investors will commit $100 million to a digital token offering by Proxima Media, a Hollywood production house established by Ryan Kavanaugh, who previously worked with SAIF Partners and IDG Capital on a China-focused film venture.
Japanese food tech start-up secures Series A round
Japan’s Base Food, a company that produces packaged meals that are said to be nutritionally complete, has raised JPY400 million ($3.7 million) in Series A funding from a group including Global Brain.
