Investments
Hera, DSG invest $4m in Singapore's SaladStop
Hera Capital and DSG Consumer Partners have committed S$5 million ($3.7 million) for a minority stake in Singapore-based restaurant chain SaladStop.
Deal focus: IVFA pushes Seedworks' hybrid agenda
Hybrid rice has yet to achieve meaningful penetration of India's agriculture sector. India Value Fund Advisors is backing Seedworks International ride the expected growth wave
Profile: Myanmar Investments' Aung Htun
Myanmar Investments founder Aung Htun sees his latest venture as the culmination of his years spent finding a way forward in Asia by embracing the unorthodox
Australia VC: Interesting times
AirTree Ventures' successful fundraise underlines the growth interest in Australian venture capital, but the superannuation funds have yet to prove themselves to be a consistent source of capital
ABF's China cane sugar business sold to PE-backed consortium
Associated British Foods (ABF), a UK-based food processing and retailing company, has agreed to sell its cane sugar business in southern China to a PE-backed consortium led by Shenzhen-listed Nanning Sugar Industry for RMB1.68 billion ($252 million)....
China's Sinovation Ventures raises $674m across two funds
Chinese early-stage VC firm Sinovation Ventures, formerly Innovation Works, has closed its third US dollar-denominated fund and second renminbi fund, with more than $674 million in aggregate commitments.
Australian marketing platform raises $7.5m for US expansion
Simple, an online marketing platform based in Australia, has raised A$10 million ($7.5 million) to support its expansion in the US.
Ex-NBA star Yao Ming's PE fund seals US kickboxing deal
Yao Capital, an investment firm co-founded by Chinese former NBA star Yao Ming, has invested in Singapore-based kickboxing programmer Glory Sports International. The deal includes a joint venture that will promote the sport in China.
Indonesia healthcare services app gets $11m Series A
Clermont Group, a Singapore-based private investment firm led by billionaire Richard Chandler, has led a Series A round worth $11 million for Indonesian healthcare services app HaloDoc.
IVFA buys India's Seedworks
India Value Fund Advisors (IVFA) has bought a majority stake in India-based agricultural research firm Seedworks International.
China logistics software start-up raises $25m Series B round
OTMS, a China-based logistics software developer, has raised a $25 million Series B round led by Weixing Chen, founder of local ride-hailing app operator Kuaidi Dache.
Deal focus: Allegro to revamp Pizza Hut's recipe
Allegro Funds plans new store expansion for Pizza Hut Australia, but first the GP and its management team partners will make operational improvements to the existing business
IFC, EMA Power invest $176m in Bangladesh's Summit
The International Finance Corporation (IFC), the investment arm of the World Bank, has joined EMA Power Investment to invest $175.5 million in Bangladeshi independent power producer Summit Corporation (SCL).
Foxconn invests $120m in China's Didi Chuxing
Foxconn Technology Group has invested $119.9 million in China-based ride-hailing platform Didi Chuxing at a valuation of $33.7 billion.
Sequoia, Zuckerberg lead $50m round for India's Byju's
Indian education start-up Byju’s has received a $50 million funding round led by Sequoia Capital and the Chan Zuckerberg Initiative (CZI), a vehicle established by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan.
Wanda-lust: Chinese investment in the US movie industry
Jianlin Wang, chairman of Dalian Wanda Group, has set his sights on buying one of Hollywood's six major studios. The rationale is sound but a strategy of incremental acquisitions might work better
Deal focus: IDG, CEL play movie industry long game
In acquiring a controlling stake in Shanghai Film Art Academy, the IDG-Everbright M&A Investment Fund is looking to support the next generation of Chinese filmmakers
China's Best Logistics raises $760m
Best Logistics Technologies, a China-based logistics and supply chain management business part-owned by Alibaba Group, has completed a $760 million round led by Everbright Financial Holding Asset Management and CITIC Private Equity.
Carlyle launches tender offer for Money Square Japan
The Carlyle Group has launched a tender offer for Money Square Japan, a Tokyo-listed provider of foreign exchange margin trading services.
Indian government commits $75m to domestic start-ups
The Indian government has made a fresh INR5 billion ($75 million) commitment to its Startup India campaign, which aims to drive bank financing for early-stage companies while offering workshop and incubator services.
Hong Kong's WeLab gets $25m credit facility from ING
ING Bank has extended a $25 million credit facility to Hong Kong’s WeLab, a private equity-backed mobile lending and credit analytics platform.
Deal focus: HappyFresh prepares shopping list
Buyoed by a Series B round, Southeast Asian online grocery delivery business HappyFresh is refocusing on core markets with a view to deepening its sourcing relationships with major supermarkets
Wanderlust: PE taps into China's tourism boom
Ocean Link is China’s first private equity firm dedicated to investing in the travel and tourism industry. Can it successfully leverage an increasingly wealthy, free-spending and far-traveling domestic user base?
Allegro acquires Pizza Hut Australia
Allegro Funds has acquired Pizza Hut Australia from US owner Yum Brands alongside a local management team comprising former McDonald’s executives.