MBK Partners has agreed to assume majority control of the credit card business of South Korean conglomerate Lotte Corporation in a deal worth KRW1.38 trillion ($1.17 billion).
Vietnam’s deepening pool of technology talent could be its biggest asset as the country evolves from a nascent start-up ecosystem to one capable of generating multiple unicorns.
China-based New Horizon Health, which produces home cancer test kits, has raised $66 million in a Series C round of funding led by VMS Group, a Hong Kong-based investment firm.
China-based Wangdiantong, a software-as-a-service (SaaS) platform provider for retailers, has raised over RMB100 million ($14.5 million) from a fund backed by TPG Capital and SoftBank Ventures Asia.
The board of Australian electrical products manufacturer Legend Corporation has endorsed a takeover bid from Adamantem Capital at an enterprise valuation of A$100.6 million ($69.7 million).
Affirma Capital, a GP established through the spin-out of Standard Chartered’s private equity business, has agreed to acquire a controlling stake in South Korea-based Hwa Sung Cosmetics.
Shanghai-based drug developer Allist Pharmaceuticals has raised RMB1.2 billion ($171 million) in a Series A round of funding led by Shiyu Capital. Other participants include Loyal Valley Capital and Suzhou Industrial Park Bioventure Investment.
SBI Investment, the VC arm of Japan’s SBI Holdings, has joined a JPY3.8 billion $35 million Series B round for Pixie Dust Technologies, a local company developing novel uses for ultrasonic waves.
Technology is a critical factor for any investor looking to participate in the Vietnam consumer story, whether they are backing retail businesses directly or any sector proxies, industry participants told the AVCJ Vietnam Forum.
Korean consumer conglomerate CJ CheilJedang Corporation has agreed to sell a 27% stake in CJ Foods America – a vehicle established for the acquisition of US frozen foods provider Schwan’s – to Bain Capital for $320 million.
CITIC Capital has secured a carve-out of marketing and e-commerce services player UCO Cosmetics. It exploits an overall slowdown in China’s economy but also relative sturdiness in the local beauty industry
Temasek Holdings-owned Azalea Asset Management is once again offering Singapore retail investors the opportunity to participate in private equity with plans to raise around $600 million through the sale of bonds backed by LP interests in funds.
Creador has acquired a minority stake in iValue InfoSolutions, an India-based provider of cybersecurity services, for INR1.25 billion ($18 million).
SAIF Partners and Accel Partners have led a $13.2 million Series A round for Indian online used car marketplace Spinny, with participation by existing investors Blume Ventures and Simile Ventures.
Chinese travel platform Mafengwo has raised $250 million in a round of funding led by Tencent Holdings.
Archipelago Capital Partners takes a minority stake in One Network Bank to support its parent's plans to lead the country's rural banking sector
Hong Kong-based smart phone operating system provider KaiOs Technologies has raised a $50 million Series B round led by Cathay Innovation, a VC affiliate of Cathay Capital Private Equity.
Grofers is emerging from a rough patch in its mission to leverage India’s online grocery boom with an overhauled business model and a $200 million Series F round led by SoftBank Vision Fund
Sequoia Capital India and MassMutual Ventures have led a $35 million Series B round of funding for Singapore-based Biofourmis, operator of a health analytics platform that tracks how patients are responding to treatment.
Investors see opportunity in bringing a promising currency exchange-focused fintech model from Europe into Southeast Asia. Singapore-focused YouTrip is the region’s first mover in this niche
Capital has poured into China’s online education sector in recent years, but with losses mounting and valuations called into question, investors are finding that not all business models are created equal
China-based Zuodashi, which provides digital solutions and food accompaniments to restaurant delivery businesses, has raised RMB100 million ($14 million) in Series A round led by Hua Gai Capital.
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.