Investments
Carlyle, Advent commit $1.1b to India's Yes Bank
The Carlyle Group and Advent International have together invested USD 1.1bn in India’s Yes Bank, acquiring equity shares and warrants that could enable them to own up to 20% of the lender.
ABC Impact backs China autism therapy business
ABC Impact, a Singapore-based impact investor established by Temasek Trust, the philanthropic arm of Temasek Holdings, has led a USD 42m Series D for Da Mi & Xiao Mi (DMXM), a Chinese rehabilitation platform for children with autism spectrum disorder...
Sylvan buys Singapore orthopaedics business
Singapore-based private equity firm Sylvan Group has taken a controlling position in Singapore Orthopaedic Specialists (SOS) as a bolt-on of recently acquired Artemis Health Ventures.
Potentia agrees $623m exit from Australia's Micromine
Australia’s Potentia Capital has agreed to exit its position in local mining software provider Micromine to UK-based industrial software player AspenTech in a deal worth AUD 900m (USD 623m).
B Capital, Kunlun back China process mining start-up
B Capital Group and Kunlun Capital have led a CNY 135 (USD 20m) Series A extension for China’s Prothentic Technology, a process mining specialist also known as Wangfanxin.
India's ASG Eye Hospitals gets $188m from Kedaara, GA
Indian optometry chain ASG Eye Hospital has raised a INR 15bn (USD 188m) round led by Kedaara Capital and General Atlantic, setting up an exit for Investcorp.
Apax buys Australia automotive auctions platform
Apax Partners has acquired a majority position in Australian vehicles and industrial equipment marketplace Pickles Auctions.
Shenzhen Capital leads Series C for miniature 3D printing player
Shenzhen Capital Group has led a USD 43m Series C round for China and US-based Boston Micro Fabrication (BMF), which specialises in microscale 3D printing systems.
PAG buys majority stake in China solvents business
PAG has agreed to pay HKD 2.68bn (USD 340m) for a 51% interest in a solvents business under Hong Kong-listed petrochemical products manufacturer Yip’s Chemical.
ESG in M&A: Eloquent exits
Private equity firms are increasingly presenting portfolio companies’ sustainability credentials in a prepared and formal way in trade sale situations. It appears to be worth the trouble
Deal focus: Navis penetrates Thai hospital segment
Navis Capital Partners’ acquisition of NP Medical extends its coverage of the Southeast Asia hospital space to a third geography while tapping into a general trend towards specialty providers
Deal focus: Prosus looks to aggregate India’s fruit farmers
B2B marketplaces are the prevalent theme in Prosus Ventures’ agricultural technology investments in Asia. However, as fruit specialist Vegrow demonstrates, supply chain dynamics are not uniform
Australian compostable cling film business gets $17m Series A
Great Wrap, an Australia-based start-up that manufacturers compostable cling film from food waste, has raised AUD 24m (USD 17m) in Series A funding.
Deal focus: Hahn & Co takes GP-led secondaries to new high
Hahn & Company has closed a USD 1.5bn single-asset continuation fund for Korea's Ssangyong C&E, giving it more time to complete the company's transition from cement maker to broader environmental services player
China VCs flock to nine-month-old CPU chip designer
Cix Technology, a China-based supplier of CPU chips, has raised a pre-Series-A funding round led by Nio Capital and Qiming Venture Partners. The size was not disclosed but the company claims to have raised USD 100m since inception.
China EV maker Hozon completes Series D with $443m tranche
Hozon Auto, a Chinese electric vehicle (EV) manufacturer, has raised CNY 3bn (USD 443m) in funding from the likes of Shenzhen Capital Group, Qianhai FoF, Hongtai Capital, Dayone Capital, Insight Capital, and Dianshi Capital.
Japanese autonomous driving player Tier IV raises $300m
Japanese autonomous driving technology developer Tier IV has raised a USD 87m Series B round from strategic investors and received a USD 183m government grant.
Navis buys majority stake in Thai hospital operator
Navis Capital Partners has invested an undisclosed sum for a majority position in NP Medical, owner and operator of S-Spine, a spine and nerve specialty hospital in Thailand.
Korea's Viva Republica raises USD 225m
Viva Republica, operator of the Korean money transfer app Toss, has raised KRW 296bn (USD 225.5m) in series G funding from an investor group that includes Altos Ventures, Goodwater Capital, Greyhound Capital, and Kleiner Perkins.
Sequoia leads Series A for China automotive chipmaker
SiEngine Technology, a China-based developer of chips for the automotive industry, has raised around CNY 1bn (USD 148m) in a Series A round led by Sequoia Capital China.
Australia's mx51 secures $22.5m Series B
Mx51, an Australia-based payments technology platform that emerged as a partnership with Westpac, has raised AUD 32.5m (USD 22.4m) in Series B funding.
Korea's NPX confirms $160m media platform acquisition
Korea’s NPX Capital has acquired online comics publisher Toomics via its Terapin Studios media platform for USD 160m.
China's Jaka Robotics raises $150m Series D
Prosperity7 Ventures, a USD 1bn venture capital fund established by Saudi Arabia state oil giant Saudi Aramco, has continued its run of robotics investments in Asia by joining a USD 150m Series D for China’s Jaka Robotics.
Navis enters Asia credit space
Navis Capital Partners has launched a credit unit that will provide financing to companies in Asia that require growth capital but are reluctant to bring in equity investors.