Investments
Japan VCs back domestic fintech start-up
Innovation Network Corporation of Japan (INCJ), SBI Investment and Dentsu Digital Holdings have contributed to a JPY800 million ($7.1 million) funding round for Tokyo-based financial technology company Coiney.
Japan fintech start-up Folio gets $16m Series A
Jafco and several other Japanese venture capital firms have joined a JPY1.8 billion ($18.7 million) Series A round for Japanese stock-trading app developer Folio.
Global Logistic Properties confirms buyout bids
Global Logistic Properties (GLP), a Singapore-listed warehouse operator with a $40 billion portfolio – over half of which is based in China – has confirmed the receipt of multiple buyout offers.
China delivery start-up Shansong gets $50m Series C
Shansong, a Chinese start-up that provides intercity courier services, has raised a $50 million Series C round of funding led by SIG Asia Investment and Yi Capital.
Ride-hailing app Grab launches $100m Indonesia VC fund
Southeast Asian ride-hailing app operator Grab has created a $100 million fund to invest in Indonesian start-ups as part of its expansion plan in the country.
South African GP acquires Australia's Decor
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
EIG supports Australia's Senex
EIG Global Energy Partners has invested in Senex Energy and will partner with the Australian oil and gas producer on several of its projects.
Japan's Advantage exits GTA TeleGuam to US investor
Japan-based Advantage Partners has agreed to sell its controlling stake in GTA TeleGuam, the principal telecommunications provider on the US island of Guam, to US-based family office Huntsman Family Investments (HFI).
Thailand's Kuvera leads $3m round for domestic IT start-up
Thai investment firm Kuvera Capital has led a $3 million round of funding for Bangkok-based IT services provider D8.
Jacob Ballas, NYLIM to invest in India's Centrum Capital
Jacob Ballas and New York Life Investment Management (NYLIM) will invest in CentrumDirect, the foreign exchange business of India-listed financial services company Centrum Capital.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
PEP buys Australia's Allied Mills
Pacific Equity Partners (PEP) has agreed to buy Australian flour producer Allied Mills in a deal that values the company at A$455 million ($344 million).
IDG Capital: Jack of all trades
IDG Capital has agreed to buy its parent, International Data Group's investment unit. It is the latest in a string of bold moves as IDG Capital looks to broaden its business - but how broad is too broad?
Secondary volumes decline in 2016 – survey
Global secondary market volume reached $42.15 billion last year, failing to eclipse the consecutive record annual totals of $49.3 billion and $49.6 billion in 2014 and 2015, according to Setter Capital.
IFC proposes $55m investment in Bangladeshi bank
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $55 million in Bangladesh’s Dhaka Bank.
Deal focus: Innotech realizes global ad tech ambitions
Chinese captive private equity unit Innotech Capitals has secured its first acquisition in the US, picking up data aggregation platform Ad-Juster with a view to supporting its expansion in China
IFC proposes $150m investment in Thai bank
The International Finance Corporation (IFC), the private investment arm of the World Bank, plans to invest up to $150 million in Thai lender TMB Bank.
Horizons invests $23m in US auto group's China push
Horizons Ventures - an investment firm controlled by Hong Kong billionaire Li Ka-shing - has led a $23 million round for a Chinese business development effort by US-based automotive technology company Divergent 3D.
Abraaj acquires Pakistan wind power company
The Abraaj Group has agreed to buy a majority stake in Pakistani wind farm operator Jhimpir Power from energy sector investor Burj Capital.
India consumer: Beyond the box
GPs are finding India’s packaged food and beverage sector increasingly attractive, but only companies with the right mindset are likely to thrive under private equity partnership
Alibaba's local services platform Koubei completes $1.1b round
Koubei, a China online-to-offline (O2O) local services platform backed by Alibaba Group, has completed a $1.1 billion funding round led by Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.
Qiming leads $20m Series A for China biopharma developer
Qiming Venture Partners has led a $20 million Series A round of funding for Chinese drug developer Connect Biopharmaceuticals.
IIFL, Iron Pillar back India's NowFloats
Indian enterprise web solutions provider NowFloats has raised $10 million in Series B funding from a group of investors including IIFL and Iron Pillar.