North America
Blackstone makes leadership team changes
The Blackstone Group has shuffled its senior leadership – with Tony James, the firm’s president and COO, handing over day-to-day management duties to global real estate head Jon Gray – as part of efforts to address succession planning.
Sailing invests $30.6m in China-US biopharma player
Sailing Capital has invested $30.6 million in Cellular Biomedicine Group (CBMG), a China and US-based biopharmaceutical company focused on immunotherapy cancer treatments.
ChrysCapital exits US-based LiquidHub to Capgemini
French IT services company Capgemini has acquired US-based customer engagement firm LiquidHub, providing an exit for Indian private equity firm ChrysCapital.
EDBI joins $100m Series B for flying taxi start-up
Singapore’s EDBI has joined a group of venture investors in a $200 million Series B round for US-based Joby Aviation, a developer of electric vertical take-off and landing (eVTOL) aircraft envisioned for use as taxis.
China's Ant Financial abandons MoneyGram acquisition
Alibaba Group’s Ant Financial has abandoned its $1.2 billion acquisition of private equity-backed MoneyGram after failing to receive clearance from the Committee on Foreign Investment in the US (CFIUS).
Japan's Polaris sells power equipment supplier
Polaris Capital has agreed to sell Yodogawa Transformer, a Japanese power generation and equipment services company it acquired in early 2016, to Orix Rentec Corp.
Q&A: The Carlyle Group's David Rubenstein
David Rubenstein, co-founder and co-CEO of The Carlyle Group, discusses the likelihood of a global economic slowdown, areas of interest in Asia, and the evolution of the private equity funding model
Warburg Pincus raises $2.3b global financial services fund
Warburg Pincus has closed its first global private equity fund focused on financial services with $2.3 billion in commitments.
Q&A: Bain Capital's Stephen Pagliuca
Stephen Pagliuca, co-chairman of Bain Capital, on carving out Toshiba’s flash memory business, rising valuations, and how functional and sector expertise will define the PE firms of the future
Asia GPs back $107m Series B for Divergent 3D
A group of Asian GPs including Hong Kong tycoon Li Ka-shing's Horizons Ventures has backed a Series B round of up to $107 million for US electric vehicle (EV) industry supplier Divergent 3D.
Private capital essential amid changing policy environments – AVCJ Forum
As governments worldwide examine their policy commitments to sustainable development, private investors can play a pivotal role in their strategies, industry participants told the AVCJ ESG Forum.
China's Primavera supports buyout of US study abroad business
China-focused GP Primavera Capital and Paris-listed investment firm Eurazeo have together invested in WorldStrides, a US-based provider of study-abroad programs for high school and university students, with a view to supporting expansion in Asia and Europe.
Goldman, CIC form $5b Sino-US industrial fund
Goldman Sachs and China Investment Corporation (CIC) have launched a private equity fund that is seeking to raise $5 billion to invest in US companies. The initiative is part of efforts to strengthen trade relations between the two countries.
China's Ctrip buys VC-backed Trip.com
Ctrip, China’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Global buyout firms: Change at the top
Succession planning initiatives at the leading global buyout firms reflect the increasing diversification of these platforms - and that the personality-types so instrumental in their creation probably won't be seen again
Naspers to back Remitly expansion in India
Naspers has agreed to lead a Series D funding round of up to $115 million via its PayU unit to support an international expansion by US financial technology player Remitly, including a push into India.
Asian LPs and infrastructure: Rousing the giants
Infrastructure is shedding its reputation for being a sleepy sector as Asian investors join a global surge of interest in the asset class. Strategic angling for the best deals will now require a more nimble approach
Canyon Bridge founder charged with insider trading
One of the founders of Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was blocked from buying US-based Lattice Semiconductor earlier this year – has been charged with insider trading.
Asian GPs join $41m round for Wonder Workshop
Wonder Workshop, a US-based education robot maker with a strong presence in China, has raised a $41 million Series C round from a group of investors including Tencent Holdings, MindWorks Ventures and Softbank Korea.
Delphi acquires Singapore-focused NuTonomy for $450m
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
Carlyle names new leadership team as founders step back
Kewsong Lee and Glenn Youngkin will become co-CEOs of The Carlyle Group as the firm’s three co-founders, William Conway, Daniel D’Aniello and David Rubenstein, scale back their involvement.
Canada's OMERS to open Singapore office
Ontario Municipal Employees Retirement System (OMERS) will open an office in Singapore in January, adding to an Asia presence that already includes a base in Sydney.
INCJ, Konica Minolta acquire Ambry Genetics for $1b
Innovation Network Corporation of Japan (INCJ) and imaging giant Konica Minolta have completed a $1 billion joint acquisition of US-based Ambry Genetics, with a view to growing the company in Japan.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.