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      AVCJ Private Equity Online Directory

      With its wide network of senior industry contacts, the directory is the most comprehensive online directory on private equity and venture capital in Asia. It is easy to navigate, enabling access to Asian private equity firms and professionals.

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      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

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      Asian Private Equity and Venture Capital Review provides an independent overview of the private equity, venture capital and M&A activities in the Asia region. It delivers insights on investments made, capital raised, sector specific figures and more.

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Exits

tim-li-hwachie-lee-inspiration
Deal focus: Inspiration snares rare China mid-cap tech buyout

Antute, a third-party IT maintenance provider, became an orphan asset following a larger M&A deal. Inspiration Capital Partners sees it as an attractive play on China’s digitalisation drive

  • Greater China
  • 09 March 2022
korea-globe
Korean GP Credian sponsors $200m US SPAC offering

Seoul-based private equity firm Credian Partners has teamed up with CrystalBioSciences, a captive VC unit of biopharmaceutical company CrystalGenomics, to raise USD 200m for a US-listed special purpose acquisition company (SPAC).

  • North Asia
  • 08 March 2022
eyebrow-makeup-cosmetics
China's VC-backed Perfect Corp agrees $1bn SPAC merger

Perfect Corp, a Chinese software developer specialising in artificial intelligence (AI) and augmented reality (AR) solutions that allow consumers to experience brands, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at...

  • Greater China
  • 04 March 2022
zomato-delivery
AVCJ Awards 2021: Exit of the Year – IPO: Zomato

Zomato’s milestone offering last year saw a pandemic-ready business model awaken the local market to internet-based risk profiles as global investors shifted interest from China to India

  • South Asia
  • 01 March 2022
avcj-awards-2021-exit-small-cap-bonnie-lo-01
AVCJ Awards 2021: Exit of the Year – Small Cap; Operational Value Add: Integreon

Helping Integreon, an over-diversified outsourcing services company, re-focus and renew management was all part of the plan. Postponing the exit as COVID-19 amplified demand was the unexpected coup

  • Southeast Asia
  • 01 March 2022
Tablet device in hospital
Baring Asia completes $386m recap of CitiusTech

Baring Private Equity Asia (BPEA) has completed a USD 385.9m dividend recap and refinancing of loans tied to its 2019 acquisition of India-based healthcare IT services business CitiusTech.

  • South Asia
  • 01 March 2022
australia
PEP targets $1b for second Australia secure assets fund

Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.

  • Australasia
  • 23 February 2022
g7-networks-truck
Deal focus: Freight player G7 eyes public listing

Having expanded its business scope from hardware into software and financial services, G7 Network is positioning its recent USD 200m PE investment as a pre-IPO round

  • Greater China
  • 23 February 2022
avcj-awards-2021-exit-large-cap-brian-hong
AVCJ Awards 2021: Exit of the Year – Large Cap: Softex Indonesia

CVC Capital Partners helped Softex Indonesia grow its market share by penetrating modern retail channels and launching an ESG program. A USD 1.2bn trade sale exit to Kimberly-Clark was its reward

  • Southeast Asia
  • 23 February 2022
avcj-awards-2021-operational-value-jason-murray-fay-bou-rodney-orrock
AVCJ Awards 2021: Operational Value Add: Best & Less Group

Allegro Funds plucked Australian baby and kids retailer Best & Less from its underperforming parent and defied pandemic-related uncertainty to complete a turnaround that culminated in an IPO

  • Australasia
  • 23 February 2022
ev-battery-motor-engine
Navis poised for 6x return on TES-Envirocorp

Navis Capital Partners is set to generate a 6x return on its investment in Singapore-based TES-Enivrocorp, following an agreement to sell the environmental services provider to Korea’s SK Ecoplant at a valuation of USD 1bn.

  • Southeast Asia
  • 22 February 2022
six-waves
Hong Kong game developer 6Waves bought by European strategic

6Waves, a Hong Kong-based mobile game developer that previously received funding from Insight Partners, has been acquired by Swedish gaming studio Stillfront Group for USD 201m, comprising cash and shares.

  • Greater China
  • 21 February 2022
wealth-money
Blackstone buys majority stake in Indian wealth manager

The Blackstone Group has acquired a majority stake in Indian wealth manager Ask Investment Managers, taking out positions held by Advent International and other investors.

  • South Asia
  • 16 February 2022
cloud-software
AVCJ Awards 2021: Exit of the Year – Mid Cap: Infogain

ChrysCapital has realized its largest-ever exit from a single-fund investment with IT services provider Infogain. In the process, it opened one of private equity’s richest cross-border opportunity sets

  • South Asia
  • 16 February 2022
avcj-awards-2021-firm-large-cap-gordon-shaw
AVCJ Awards 2021: Firm of the Year – Large Cap: Baring Private Equity Asia

Baring Private Equity Asia claims that a thematic approach to origination and flexibility on deal structure allow it to pursue opportunities with greater conviction in a high-valuation environment

  • GPs
  • 16 February 2022
xpressbees
India logistics player Xpressbees raises $300m

The Blackstone Group, TPG Capital, and ChrysCapital Partners have participated in a USD 300m round for Xpressbees, an Indian logistics start-up established by the team behind mother-and-baby retailer FirstCry.

  • South Asia
  • 11 February 2022
cloud-computing
India's Kedaara creates digital services platform

India’s Kedaara Capital is forming an outsourced digital services platform through the merger of Gavs Technologies and Great Software Laboratory (GS Lab), having acquired majority interests in the two companies over the past three months.

  • South Asia
  • 09 February 2022
hong-kong-cityscape-sunset
LionRock launches Hong Kong SPAC

LionRock Capital, an Asian private equity firm that invests in global consumer brands with a China growth angle, is among the first group of sponsors launching special purpose acquisition companies (SPACs) in Hong Kong.

  • Greater China
  • 07 February 2022
orgain
Nestle buys into DCP-backed plant-based protein provider

Orgain, a US plant-based nutrition business backed by China’s DCP Capital Partners, has agreed to sell a majority stake to Nestle. The size of the transaction was not disclosed.

  • Greater China
  • 04 February 2022
artificial-intelligence
Sinovation's AI solutions business completes $151m HK IPO

AInnovation, a China-based artificial intelligence (AI) solutions provider incubated by Sinovation Ventures, traded down on its Hong Kong debut following a HKD 1.18bn (USD 151m)IPO.

  • Greater China
  • 31 January 2022
hong-kong-cityscape-night-2
PE-backed Country Style Cooking, Tuhu file for HK listings

Chinese restaurant chain Country Style Cooking (CSC), which was de-listed in the US in 2015, and automotive after-sales service platform Tuhu, which was previously targeting a New York offering, have both filed for IPOs in Hong Kong.

  • Greater China
  • 31 January 2022
southeast-asia-map
CVC moves to exit Indonesia's Link Net, buys Malaysia's Affin Hwang

CVC Capital Partners is shaking up its Southeast Asia portfolio with a renewed attempt to exit Indonesian broadband and cable TV provider Link Net and the acquisition of Malaysia-based asset manager Affin Hwang Asset Management.

  • Southeast Asia
  • 31 January 2022
elevate
EQT exits Hong Kong ESG business Elevate

EQT has sold Elevate, a Hong Kong-based environment, social, and governance (ESG) and supply chain services provider it has backed since 2016, to LRQA, a larger peer in the assurance space.

  • Greater China
  • 27 January 2022
stocks-equities-trading-trader
China IPOs: Offshore angst

Private equity exit timelines were thrown into disarray last year when US IPOs abruptly stopped. Regulators have offered some clarity, but investors are unsure when – or if – the magic will return

  • Greater China
  • 26 January 2022
2 3 4

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Singapore-based Timothy Zee leaves PAG
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Bertelsmann to invest $500m in India
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Entrepreneur First raises $158m, targets SE Asia
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CDH exits New Zealand supplements brand to Nestle
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Panthera hits first close on India, Southeast Asia fund
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