Investments
China's UrWork gets $45m Series C round
Chinese co-working space operator UrWork has raised RMB300 million ($45 million) in Series C funding led by Qianhai Wutong Mergers and Acquisitions Funds, a vehicle backed by Qianhai Equity Exchange.
AVCJ Awards 2017: Deal of the Year - Mid Cap: Press & Converting
With Korean cosmetics brands trading at high valuations, VIG Partners thinks it got a bargain by moving upstream and buying a niche supplier to the skincare industry
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
Warburg Pincus invests in India's CAMS
Warburg Pincus has invested in Indian financial services provider Computer Age Management Services (CAMS).
AVCJ Awards 2017: VC Professionals of the Year: JP Gan & Nisa Leung
J.P. Gan and Nisa Leung, managing partners at Qiming Venture Partners, discuss the latest trends they are seeing in China’s consumer internet and healthcare spaces
Carlyle growth fund buys India BPO player
The Carlyle Group has acquired Indian healthcare business process outsourcing (BPO) provider Visionary RCM Infotech through its latest Asia growth fund, Carlyle Asia Growth Partners V (CAGP V).
OTPP acquires Australia's Jasper Farms
Ontario Teachers’ Pension Plan (OTPP) has acquired Jasper Farms, a leading avocado producer in Australia.
SoftBank, Mubadala in $4b round for China's Didi Chuxing
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
AVCJ Awards 2017: Deal of the Year - Early Stage Technology: SenseTime
A university spin-out focusing on technology commercialization, SenseTime has become popular among investors seeking artificial intelligence exposure
ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
Quadrant buys Ardent's Australia entertainment business
Quadrant Private Equity has agreed to buy the bowling and entertainment division of Australia’s Ardent Leisure Group for A$160 million ($123 million). This will be the second acquisition by the GP’s family and children’s entertainment platform.
SCPE buys control of Korea's Sung Gyung Food
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sung Gyung Food, South Korea’s second largest toasted and seasoned seaweed producer, for $123.5 million.
Temasek leads $80m round for Singapore biopharma player
Singapore’s Temasek Holdings has led an $80 million funding round for domestic biopharmaceutical company Tessa Therapeutics with support from a number of venture and growth capital investors.
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
FountainVest, OTPP back Hong Kong's Pure Group
FountainVest Partners and Ontario Teachers’ Pension Plan (OTPP) have jointly invested in Hong Kong-headquartered fitness center and yoga studio operator The Pure Group.
AVCJ Awards 2017: Firm of the Year & Fundraising of the Year - Large Cap: KKR
From raising the largest pan-regional fund ever seen in Asia to concluding Japan’s biggest PE buyout, KKR has enjoyed an eventful 12 months
Timeline: 2017 by numbers
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
GLP, BOCGI invest $70m to China logistics player G7
Warehouse operator Global Logistic Properties (GLP) and Bank of China Group Investment (BOCGI), a direct investment arm of Bank of China, have committed $70 million to G7 Networks, a Chinese manufacturer of smart devices for the logistics sector.
PE-owned Global A&T Electronics files for bankruptcy
Global A&T Electronics, a Singapore-headquartered provider of assembly and test services for semiconductor chips that is controlled by Affinity Equity Partners and TPG Capital, has filed for bankruptcy in the US.
Bain consortium buys Maldives seaplane operator from Blackstone - update
Bain Capital Private Equity has teamed up with two Chinese partners to acquire Trans Maldivian Airways (TMA), the world’s largest seaplane operator, from The Blackstone Group.
J-Star buys Japan restaurant business
J-Star has acquired Japanese restaurant operator Echigoya with a view to accelerating a domestic franchising strategy.
Hony-backed healthcare platform acquires TCM hospital
Hospital Corporation of China (HCC), a buyout platform established by Hony Capital, has acquired a 70% stake in Jiande Hexu Enterprise Management, owner of a traditional Chinese medicine (TCM) hospital and other healthcare businesses, for RMB483 million...
MBK completes tender offer for Japan's Kuroda Electric
MBK Partners has completed its tender offer for Japanese electronic components manufacturer Kuroda Electric, having received support from more than 50% of shareholders for the JPY102 billion ($895 million) deal.
China AI chip maker Think Force raises $68m
Shanghai Think Force Electronic Technology, a China-based artificial intelligence (AI) chip maker, has raised a RMB450 million ($68 million) Series A round of funding from Yunfeng Capital, Sequoia Capital China, and Hillhouse Capital.