Investments
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.
India's Muthoot Microfin raises $19m from US-based GP
US private equity firm Creation Investments has committed about INR1.3 billion ($19 million) for an 11% stake in Indian microfinance services provider Muthoot Microfin.
VIDEO: Jun Tsusaka, NSSK
Jun Tsusaka, managing partner, CIO and founding member at NSSK, discusses Japan's middle market
Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
Japan succession deals: The long game
Succession planning opportunities are growing in Japan’s middle market as a generation of founders bend to the will of time and commercial pressure. For GPs seeking buyouts, it is all about who you know
Australia's CEFC, Southern Cross Venture back GreenSync
GreenSync, an Australian company that has developed smart software for use in electricity grids, has raised A$11.5 million ($8.7 million) in Series B funding from Clean Energy Finance Corporation (CEFC) and Southern Cross Venture Partners.
CapitalG leads $15m round for India's Cuemath
CapitalG, the investment arm of Google parent company Alphabet, formerly known as Google Capital, has led a $15 million Series B round for Indian math learning start-up Cuemath.
Australian analytics start-up Local Measure raises $3.4m
Local Measure, an Australian analytics technology provider servicing the tourism industry, has raised $3.4 million for an expansion effort that will include opening new offices in Los Angeles and Dubai.
Taiwan’s Foxconn invests in PE-backed Mobike
Taiwan-based Foxconn Technology Group has made a strategic investment in Mobike, a Chinese bike rental service start-up backed by several PE investors including Warburg Pincus.
IMJ, Opt invest $4.4m in Japan's Enechange
Enechange, which manages an energy price comparison site aimed at Japanese customers, has raised JPY500 million ($4.4 million) from Opt Ventures and IMJ Investment Partners.
IFC proposes $10m investment in India's Zinka Logistics
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $10 million investment in Indian logistics company Zinka Logistics Solutions.
China VCs lead $100m round for local education app Xueba
China Merchants Capital and Grand Fight Investment have co-led a $100 million Series C round of funding for Xueba, a Chinese education app that helps students understand homework exercises.
Australia SaaS start-up Deputy gets $25m from OpenView
US-based VC investor OpenView has committed $25 million in Series A funding to Australian workforce management software developer Deputy.
China online grocery retailer Miss Fresh gets $100m Series C
Chinese online grocery retailer Miss Fresh has raised $100 million in a Series C round of funding jointly led by Lenovo Capital and Zheshang Venture Capital.
PE-backed e-Shang Redwood buys Singapore industrial REIT
E-Shang Redwood (ESR), a pan-Asian logistics services company backed by Warburg Pincus, has moved into Southeast Asia with an agreement to buy 80% of Cambridge Industrial Trust (CIT), a Singapore real estate investment trust (REIT) with assets worth S$1.4...
China VC-backed UrWork completes $58m Series B
China VC-backed UrWork, a co-working space provider for start-ups, has raised a RMB400 million ($58 million) Series B round of funding at a post-money valuation of about $1 billion.