Investments
Southeast Asia cleantech: Joining the crowd
Despite growing investment opportunities, LPs are still skeptical about renewable energy in Southeast Asia. Development and operating platforms may be the way to break the stalemate
Chinese self-driving car start-up Momenta raises $46m
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
Australia's Westpac in talks to sell Hastings fund business
Australia’s Westpac Banking Corp. has entered exclusive negotiations to sell Hastings Fund Management to Australia-listed property developer Charter Hall Group.
SoftBank, Didi Chuxing invest $2b in Southeast Asia's Grab
Southeast Asian ride-hailing app operator Grab has received $2 billion from SoftBank and Chinese peer Didi Chuxing as part of what is expected to be a $2.5 billion funding round.
IDG leads $50m round for China online pet store
IDG Capital has led a Series B round of funding worth $50 million for Epet.com, a Chinese e-commerce platform that sells pet-related food products and other services.
360 Capital seeks buyout of Australia data center business
Australian property funds manager 360 Capital is seeking to acquire Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia.
Indian furniture rental company gets $10m Series B
RentoMojo, an Indian financial technology company that facilitates rentals of furniture and other household items, has raised a $10 million Series B round led by Bain Capital Ventures and fintech entrepreneur Renaud Laplanche.
Carlyle, SBI buy GE Capital's stake in India credit card unit
The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to...
Sequoia, Mission back Singapore’s One Championship
One Championship, a Singapore-based mixed martial arts (MMA) organization, has secured a new funding round led by Sequoia Capital India and Mission Holdings – an investment vehicle owned by billionaire Saurabh Mittal.
Thailand's Zanroo receives $7.4m Series A
Zanroo, a Thailand-based company that uses big data analytics to offer clients real-time marketing services, has received a $7.4 million Series A funding round from domestic investor Shift Ventures.
Chinese GP to buy Camtek's printed circuit board business
Chinese private equity firm Principle Capital has agreed to buy the printed circuit board (PCB) business of Israel-based semiconductor component manufacturer Camtek for $35 million.
Asian club deals: Big ambitions
A resurgence in club deal activity has proven symptomatic of the evolution of Asia's private equity buyout market. But while the structure and the nature of deals has changed, the underlying rationale remains fixed
China self-service karaoke booth operator raises $15m
Xingtang MiniKTV, a three-month-old Chinese start-up that operates self-service karaoke booths, has raised $15 million across three tranches of funding.
China smart convenience store operator raises $19m
Xiaomai, a Chinese cashier-free convenience store operator much like US-based Amazon Go, has secured RMB125 million ($19 million) in funding led by Aplus Fund and Chenshan Capital.
IDG, Jungle back India's Vayana Network
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
Deal focus: Naked Hub scales up for WeWork challenge
Asian co-working space operators Naked Hub and JustCo have decided to join forces to fend off competition from WeWork, a US-based sector leader now encroaching on the regional market. As a joint expansion program rolls out, pricing control will be a key...
Portfolio: Everstone Capital and Modern Foods
Everstone Capital’s purchase of Hindustan Unilever’s bakery business was its first corporate carve-out. It is now ready to introduce India to the new and improved Modern Foods
PAG backs Home Credit for expansion in China
PAG Asia Capital has agreed to invest approximately RMB2 billion ($296 million) in a Hong Kong unit of Czech-based consumer loans company Home Credit Group, with a view to supporting the company's expansion in China.
Creador buys minority stake in Indian hospital chain
Creador has paid INR2.75 billion ($42 million) for a minority stake in Paras Healthcare, which manages a chain of five hospitals in northern India.
Yunfeng invests in China tourism services provider
Yunfeng Capital has invested in Beijing Davost Tourism & Cultural Creativity, a provider of resorts management and other support services to the Chinese tourism industry.
Shareholders approve $6.8b PE buyout of Belle International
Belle International, China’s largest women’s shoe retailer, is set to de-list from the Hong Kong Stock Exchange after shareholders approved a HK$53.1 billion ($6.8 billion) take-private offer from Hillhouse Capital and CDH Investments.
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
KKR to invest $200m in Indian hospital operator
KKR has agreed to invest approximately $200 million for a 49% stake in India-based Radiant Life Care with a view to helping the specialty hospital operator expand its network of facilities nationwide.
China logistics platform Yimidida secures $44m Series B
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.