Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Bain Capital Private Equity has made a A$810 million ($613 million) buyout offer for BWX, an Australian manufacturer of branded skin and hair care products.
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Navis Capital Partners has invested an undisclosed amount in Saitex Holdings, a denim products manufacturer for the global jeans industry based in Vietnam.
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will purchase an approximately 10% stake in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF) through newly issued shares and secondary purchases.
Canada Pension Plan Investment Board (CPPIB) continues to ramp up its exposure to Asian private equity, with called and uncalled commitments rising 27% to C$17.1 billion ($13.3 billion) for the 12 months ended March 2018.
Hong Kong-based Arbor Ventures has received $178.5 million in commitments for its second financial technology-focused venture capital fund. The targeted corpus is $220 million.
Comparisons with the dynamics in China a decade ago are often used to illustrate Vietnam's potential. The country may replicate some of its larger neighbor's success, but patience and reform remain paramount
EIG Global Energy Partners has made a $10.4 billion buyout offer for Australia-listed oil and gas supplier Santos. It is supported by two Chinese groups, private equity firm Hony Capital and gas distributor ENN Group.
A consortium led by Bain Capital Private Equity has won approval for the acquisition of Toshiba Memory Corporation (TMC) from China’s antitrust authorities, clearing the last major obstacle to the JPY2 trillion ($17.8 billion) transaction closing.
Singapore-based Dymon Asia Private Equity (DAPE) has teamed up with domestic engineering company Tee International to acquire a medical division of industrial services provider Sembcorp Environment for S$20 million ($15 million).
Indonesia-based Alpha JWC Ventures has agreed to invest up to $5 million in PayPal’s financial technology start-up incubation program for Southeast Asia.
Next 10 Ventures, a US and Singapore-based GP headed by former YouTube and Warner Bros executives, has raised $50 million for a fund focused on user-generated media content businesses.
Hanoi and Ho Chi Minh City provide Vietnam’s nascent start-up scene with a unique double-hub structure. Ecosystem gestation remains slow but it is supported by a nuanced diversity
Vietnam’s incumbent domestic private equity firms have all been in operation for more than a decade. Do LPs have enough confidence in the market to support the launch of additional managers?
Malaysia-based financial technology start-up Jirnexu has received an $11 million Series B funding round led by Japan’s SBI Group.
Venture capital deals involving Fortune Capital, Sina Weibo, Sequoia Capital China, ChinaEquity Group, Cornerstone Capital, Geekbeans Capital, Atlas Capital, and Heyi Capital
Indian educational institution IIM Ahmedabad has raised $12.5 million for its on-campus start-up incubator and seed fund from investors including the Bill and Melinda Gates Foundation.
Singapore’s GIC Private has joined co-working space provider JustCo and local developer Frasers Property to establish a $117 million platform that will focus on co-working space investments across Asia Pacific.
Vision Plus Capital Partners, a Chinese venture capital firm set up by one of the co-founders of Alibaba Group, has raised $500 million for its second US dollar and renminbi-denominated funds.
DCP Capital Partners, a private equity firm set up by the former heads of KKR’s China business, has agreed to invest an undisclosed sum in domestic heart valve developer Venus Medtech.