Regions
KKR targets stake in Philippine power developer
KKR has offered to acquire up to 9% of First Gen Corporation, a power plant operator in the Philippines, for PHP7.29 billion ($144 million).
Japan agtech player raises $7m Series A
Japan’s Beyond Next Ventures has led a JPY800 billion ($7.4 million) Series A round for local cell-based agricultural technology specialist IntegriCulture.
Sequoia leads $30m round for China's Atom Bioscience
Chinese drug developer Jiangsu Atom Bioscience & Pharmaceutical has raised $30 million in Series B funding led by Sequoia Capital China and Hong Kong-listed Livzon Pharmaceutical Group.
China digital enterprise services provider raises $50m
Hillhouse Capital has led an extended Series A round of funding worth $50 million for Deepexi, a Chinese start-up that provides a suite of smart data services to enterprise customers.
KKR recruits fundraiser for Australia, New Zealand
KKR has hired Nicholas Hyde from IFM Investors as a managing director in its client partner group, with responsibility for fundraising and client relationships in Australia and New Zealand.
MGI Tech closes China's largest-ever genetics funding round
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE.
IMM agrees $413m Korea pharma acquisition
IMM Private Equity has agreed to acquire Korea Kolmar Holdings’ pharmaceutical contract development and manufacturing organization (CDMO) for KRW512.5 billion ($413 million).
Exacta leads acquisition of Anytime Fitness Asia
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
KKR, Japanese banks pump $1.2b into Marelli
Marelli, a leading global automotive components supplier formed when KKR combined Japan’s Calsonic Kansei Corporation with Europe-based Magneti Marelli, has secured JPY130 billion ($1.2 billion) in additional funding to ride out a market downturn.
Deal focus: Bobobox rethinks budget hotels
Bobobox's flexible solution to accommodation for frontline healthcare workers in Indonesia led to support from the Li Ka Shing Foundation and helped secure a Series A from Li's Horizons Ventures
Jio Platforms: Elephant in the room
India’s Jio Platforms has received substantial private equity backing as it looks to build a digital platform that is all things to all people, from cable to retail. Will it succeed?
Mitsubishi UFJ invests Japan vegetarian meat player
Mitsubishi UFJ Capital has joined a Series A round for Japanese plant-based meat producer Daiz that brings the company’s total funding to JPY1.2 billion ($11.2 million).
Singapore’s GoBear raises $17m
Singapore-headquartered GoBear, a financial services platform focused on Asian consumers, has raised $17 million from Netherlands-based Walvis Participaties and Aegon
IDG, Accel back take-private of Hong Kong’s Sky Solar
IDG Capital Partners and Accel Partners have joined a take-private bid for Sky Solar Holdings that values the Hong Kong-based and NASDAQ-listed power provider at around $2.5 billion.
China’s Burning Rock Biotech files for US IPO
Burning Rock Biotech, a venture capital-backed, China-based provider of genetic testing services used in cancer diagnosis, has filed for an IPO in the US.
Investors pump $265m into BYD semiconductor unit
BYD Semiconductor, a subsidiary of Chinese vehicle maker BYD, has raised RMB1.9 billion ($265 million) from 14 investors, including Sequoia Capital China.
Taiwan’s Cathay Life backs KKR Asian fund
Cathay Life Insurance, a subsidiary of Taiwanese financial group Cathay Financial Holdings, has committed $50 million to KKR’s fourth pan-Asian fund.
Deal focus: Shiprocket joins the tribe
US-based Tribe Capital sees similar qualities in Indian logistics aggregator Shiprocket as in other software-as-a-service stalwarts
Japan carve-outs: Profit from the core
Private equity firms hoping for a coronavirus-driven uptick on Japanese corporate carve-outs must be patient – and come armed with considered value creation plans when the time arrives
China smart logistics provider Galaxis raises $14m
Chinese logistics robot and intelligent equipment supplier Galaxis Technology has raised RMB100 million ($14 million) in Series D funding led by China Capital Investment Group.
India's Inventus backs EV manufacturer
Indian VC firm Inventus Capital has led a INR200 million ($2.6 million) funding round for local electric vehicle (EV) manufacturer Euler Motors.
China cybersecurity player Meichuang raises $21m
Hangzhou-based cybersecurity company Meichuang has raised a RMB150 million ($21 million) round led by CBC Capital and Sharewin Investment.
Warburg Pincus raises stake in Asia real assets fund manager
Warburg Pincus has agreed to increase its ownership of ARA Asset Management – an Asia Pacific real assets fund manager that was privatized in 2016 – as China’s AVIC Trust exited the business.
