Investments
Legend leads $18m round for Chinese beauty clinic chain
Legend Capital has led a $18 million funding round for PhiSkin, a China-based chain of beauty clinics backed by H&Q Asia Pacific.
Chinese courier start-up gets $50m Series C-plus
Chinese intercity courier services provider Shansong has secured an extended Series C round of funding led by Shunwei Capital Partners and Chinese retailer Beijing Hualian Group.
Emerging India invests $50m in domestic travel site
Emerging India Focus Funds has invested $50 million in Indian online travel portal Goomo, a division of its portfolio company Orbit Corporate & Leisure Travels.
Australian VCs invest $16m in domestic drug developer
Australian VC investors Brandon Capital and Uniseed have committed $16 million to Que Oncology, a clinical-stage drug development company established by the University of Queensland (UQ) and US-based Emory University.
Fairfax India ups Bangalore airport stake to 48%
Fairfax India Holdings will invest INR12.9 billion ($200 million) for a 10% stake in Bangalore International Airport (BIAL), raising its total holding to 48%.
China P2P site Tuandaiwang raises $262m
Chinese peer-to-peer (P2P) online lending platform Tuandaiwang confirmed it has raised a RMB1.8 million ($262 million) pre-IPO round led by China Minsheng Investment Group (CMIG).
Japan's Unison buys local bar and restaurant chain
Unison Capital has acquired Dinamix, an operator of Japanese-style bar and restaurants, for an undisclosed sum.
IFC, Tata Capital invest $31m in India's Tata Cleantech
Tata Capital and the International Finance Corporation (IFC) have invested INR2 billion ($31 million) in renewable energy-focused non-banking finance company (NBFC) Tata Cleantech Capital (TCCL).
OneVentures invests $7.4m in Australia's Prota Therapeutics
Australia’s OneVentures has invested A$10 million ($7.4 million) in Prota Therapeutics, a domestic immunotherapy technology developer aiming to commercialize new peanut allergy treatments for children.
Korean culture plays: Sitting pretty?
Private equity is riding the 'Korean wave' by investing in cultural assets - from music to TV dramas to beauty products – that have international appeal. Success hinges on execution as much as macro trends
PE-owned Australian childcare providers to merge
Camp Australia, an outside school hours care provider acquired by Bain Capital Private Equity in February, has agreed to merge with Junior Adventures Group (JAG), a similar business controlled by Advent Partners.
Chinese GPs set up semiconductor JV with Qualcomm
The two Chinese private equity firms that bought NXP Semiconductors’ standard products business in February have teamed up with Qualcomm – which subsequently bid for NXP outright – to manufacture chipsets for mass-market smart phones sold in China.
Future Venture Capital to buy All Nippon Entertainment
Future Venture Capital (FVC) has agreed to acquire Japanese media company All Nippon Entertainment Works (ANEW) from government-owned investor Innovation Network Corporation of Japan (INCJ).
Everbright-IDG joins Series C for Chinese electric car maker
Everbright-IDG Industrial Fund has invested an undisclosed sum in China-based smart electric car maker Nio - formerly known as NextEV - as part of a Series C round that is still in the process of being raised.
Deal focus: Quadrant cashes in on Icon's growth potential
Quadrant Private Equity agrees a $746 million exit from Icon Group, with new owners QIC, Goldman Sachs and Pagoda Investment keen to continue the cancer specialist's expansion in Asia
Deal focus: IMM seeks to ride the Korean wave
IMM Investment has become the latest private equity firm to buy into the Korean cosmetics story, paying $330 million for a majority stake in Able C&C through a tender offer and the acquisition of shares from the founder
Singtel Innov8 backs US, Singapore-based CounterTack
SingTel Innov8, the venture arm of Singapore telecom giant SingTel, has co-led a $20 million Series D round for US and Singapore-based cybersecurity company CoutnerTack alongside US-based SAP National Security Services.
OrbiMed leads $19m round for Sino-US drug developer
OrbiMed Asia Partners has led a $19 million Series B round of funding for InventisBio, a pharmaceutical developer based in Shanghai with operations in China and the US.
Temasek, Telstra back $149m Australian innovation push
IP Group, which specializes in commercializing intellectual property, has raised a new round of funding from investors including Temasek Holdings and Telstra Super, and pledged to invest A$200 million ($149 million) in Australia and New Zealand.
Deal focus: Chubao targets mass market appeal
Having built its business by licensing mobile software to smart phone manufacturers, China's Chubao has raised $100 million to bankroll a freemium model that will allow it to interact directly with users
Australia VC: Meet the neighbors
Australia’s growing technology sector is set to benefit from long-term socioeconomic trends in Asia. Success will depend on both operational tenacity and a fundamental shift in expansion philosophy
Partners Group confirms China restaurant chain investment
Partners Group has confirmed its investment in Green Tea Restaurant, having acquired a substantial minority stake in the leading Chinese casual dining chain for an undisclosed sum.
Warburg Pincus leads $120m round for China's Yuanfudao
Warburg Pincus has led a $120 million round of funding for China’s Yuanfudao in what is said to be the largest-ever PE investment in the country's online tutoring industry.
Naspers leads $80m round India's VC-backed Swiggy
South African internet conglomerate Naspers Group has led a Series E round of funding worth $80 million for Swiggy, an India-based online food-ordering and delivery platform.