Industry participants share their outlooks on some of the biggest economic drivers of the day, including fast-growing sectors and shifting deal making factors across Asia’s varied markets
VIG Partners acquires Bonchon, a Korean-headquartered fried chicken restaurant chain with a global presence, with an eye to growing the business worldwide
CVC Capital Partners has made a partial exit from Arteria Networks as the Japanese enterprise-focused broadband provider raised JPY21.9 billion ($193 million) in its Tokyo IPO.
Pan-regional funds attract the bulk of capital while the renminbi space withers; mixed fortunes for internet IPOs and trade sales; big buyouts fail to deliver but growth-stage tech stays strong
Axelspace, a Japanese start-up focused on ready-to-launch microsatellite technology, has raised a JPY2.6 billion ($23 million) Series B round led by Global Brain and property developer Mitsui Fudosan.
Kleiner Perkins and Ribbit Capital have led an $80 million funding round for Viva Republica that values the Korean financial technology start-up at about $1.2 billion.
Baring Private Equity Asia has agreed to privatize Pioneer Corporation through a two-stage revitalization plan that will see it invest JPY102 billion ($905 million) in the struggling Japanese conglomerate.
Japan Post Capital has led a JPY3 billion ($26.4 million) Series E round for Sansan, a Tokyo-based company that applies cloud technology to business card management services.
Enterprise software giant Salesforce has launched a $100 million fund via its venture investment unit that will focus on cloud-based technologies in Japan.
Google has participated in a Series C round for Japanese corporate analytics player Abeja, taking the company's cumulative funding to JPY6 billion ($53 million).
Ardian has opened an office in South Korea – its fourth in Asia – in order to service the needs of a growing investor base in the region.
Cool Japan Fund has led a JPY5 billion ($44 million) round for Spiber, a domestic biotechnology developer focused on synthesizing protein-based materials that simulate characteristics of spiderwebs.
The Carlyle Group has named Tomofumi Matsuyama (pictured), a former executive at Morgan Stanley, as a managing director of its Japan buyout team.
VIG Partners has agreed to buy a 55% stake in Bonchon International, a Korean fried chicken restaurant brand with 325 outlets across eight countries. The size of the transaction was not disclosed.
Polaris Capital has agreed to acquire Japanese online marriage services and event planning business O-net from e-commerce giant Rakuten for an undisclosed amount.
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has acquired Daeho Technology Korea (DTK), a manufacturer of glass used in smart phones, for KRW400 billion ($356 million).
HiParking, a Korean parking managing business owned by VIG Partners, has agreed to buy Wilson Parking Korea as part of an industry consolidation play.
Japanese telecommunications giant NTT Corporation has set up $500 million global venture capital fund that will focus on digital technologies.
While proprietary deals are not always possible in Asian private equity, there are many ways for GPs to gain an edge even when competing with multiple bidders for the same asset
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sunwoo, a South Korea-based meat importer, for $90.1 million.
In its debut Japan investment, L Catterton plans to help eyewear maker Owndays expand its customer-friendly business model outside its home market
SoftBank Vision Fund has committed $2 billion to South Korean e-commerce business Coupang, reportedly valuing the company at $9 billion.
CITIC Capital has acquired a controlling stake in Amoy Food, a Hong Kong-based manufacturer of cooking sauces owned by Japanese food and beverage maker Ajinomoto, for an undisclosed sum.
South Korean private equity investors warned the AVCJ Forum that valuations and an increase in the minimum wage could play havoc in the market next year following what has so far been a relatively benign 2018.