ABC World Asia, the impact investment arm of Temasek Holdings, has led a $24 million Series B found for Kim Dental, a Vietnam-based dental clinic operator. Existing backer Aura Private Equity also participated.
CVC Capital Partners is set to make its largest investment in Japan since before the global financial crisis, having agreed to purchase of a majority stake in Shiseido’s personal care business at a valuation of JPY160 billion ($1.52 billion).
Olympus Capital has guided China’s Canvest Environment from polluting waste-to-energy minnow to category leader in operational scope and sustainability credentials
Swedish free-to-play gaming studio Stillfront has agreed to acquire 100% of Indian mobile games developer Moonfrog Labs, setting up exits for Tiger Global Management and Sequoia Capital India.
Shadow capital – non-traditional pools of money held by sovereigns and corporates – has become a fixture in Southeast Asia’s tech space. Start-ups stand to benefit, but they must pick partners with care
Babycare, a Chinese baby products brand, has raised RMB700 million ($108 million) in Series B funding led by CDH Investments. Sequoia Capital China and Huaxing Growth Capital also participated.
India’s Zetwerk, a marketplace for the outsourcing of small manufacturing jobs, has raised a $120 million Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners.
Richard Folsom, representative partner of Advantage Partners, looks back on a year dominated by succession planning, fundraising, and new investment opportunities
Orchid Asia and Matrix Partners China have participated in a $100 million Series B round for Chinese gaming company Quwan Network Technology. Matrix led the Series A last year.
Ceridian, a US-based human resources technology provider has agreed to acquire Australian payroll software specialist Ascender, setting up exits for Potentia Capital and Five V Capital.
Dmai, a Chinese cognitive artificial intelligence (AI) platform also known as Anwu Zhineng, has raised RMB500 million ($77 million) in a Series A round led by Sailing Capital and GF Venture Capital.
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised $100 million in funding led by CMB International. Other investors include Hongtai Capital, Joy Capital and Nio Capital.
Vietnam-based English language education app operator Elsa has raised a $15 million Series B round co-led by local private equity firm VI Group and SIG.
CLSA Capital Partners (CLSA CP) has partially exited its position in NHOSA Corporation, a Japanese IT provider for dental clinics and medical institutions.
A clutch of Japanese investors has validated iStox’s blockchain-enabled digital securities marketplace. Now the Singapore-based start-up is taking the idea to new markets
Jio Platforms has attracted an array of global investors as its digital ecosystem designs come into focus. L Catterton Asia adds consumer clout to the infrastructural proceedings
Chinese ride-hailing giant Didi Chuxing has raised $300 million for its autonomous driving unit, with IDG Capital taking the lead.
Yunxuetang, a Chinese online corporate training services provider, has raised more than $100 million in the first tranche of Series E round led by Tencent Holdings.
The Longreach Group has exited Primo Japan to Integral Corporation for an undisclosed sum. This makes Integral the jewelry retailer’s fourth consecutive private equity owner.
New Zealand private equity firm Oriens Capital has agreed to acquire a 70% position in IVS Group, a local biosecurity services specialist, for an undisclosed sum.
Memsic, a Chinese semiconductor design company that was privatized with support from IDG Capital in 2013, has raised more than RMB1 billion ($155 million) led by an industry fund under Hangzhou Fortuna Investment Management.
Olympus Capital Credit has rebranded as Orion Capital Asia, with OMERS replacing Olympus as the firm’s equity partner. The strategy is unchanged, with COVID-19 helping to drive deal flow
General Atlantic has invested $55 million in Kalbe Genexine Biologics, an Indonesia-based drug developer focusing on Southeast Asia.
Aspex Management has led a $200 million Series E round for Klook as the Hong Kong travel app pivots to domestic holiday services during a freeze in international tourism.