Region
KKR backs Southeast Asia K-12 schools business
KKR has acquired a minority interest in the K-12 schools business of Taylor’s Education Group (TEG), one of the largest private education providers in Malaysia.
RedBird joins $840m round for India's Dream Sports
RedBird Capital Partners, a US investment firm that has extensive sport exposure and several months ago picked up a stake in an Indian Premier League (IPL) franchise, has co-led a $840 million round for local fantasy sports platform Dream Sports.
India's NoBroker joins unicorn club
General Atlantic, Tiger Global Management, and Moore Strategic Ventures have participated in a $210 million Series E round for Indian real estate marketplace NoBroker at a valuation of $1 billion.
K1, Level Equity invest $350m in Australia SaaS player
US private equity firms K1 Investment Management and Level Equity have invested about $350 million in Australia’s Simpro, a software-as-a-service (SaaS) provider focused on field service management.
Australia's Five V sells GP stake
Australia-based Five V Capital has sold a 25% GP stake to Pinnacle Investment Management Group, a listed multi-affiliate platform investor that has interests in 14 Australian asset managers.
SPAC regime reflects HK's cautious approach to expansion - AVCJ Forum
The Hong Kong Stock Exchange (HKEx) is positioning its soon-to-launch special purpose acquisition company (SPAC) regime as part of efforts to broaden its appeal in terms of capital markets tools and geographies. At the same time, executives are wary of...
China ocular drugs developer raises $63m
China’s Neurophth Biotechnology, a gene therapy developer for ocular diseases, has raised a RMB400 million ($63 million) Series C round led by SDIC China Merchants Investment and Sequoia Capital China.
Singapore bio-plastics developer RWDC raises $95m
Singapore’s RWDC Industries, a developer of biodegradable plastics, has raised a $95.1 million round led by Temasek Holdings and Vickers Venture Partners.
Microsoft VC unit leads $22m round for India's SalesKen
M12, Microsoft’s VC arm, has led a $22 million Series B round for SalesKen, an Indian enterprise artificial intelligence (AI) provider focused on sales-related services.
NetEase music spinout completes $449m Hong Kong IPO
Cloud Village, a music streaming business controlled by Chinese internet giant NetEase and backed by several private equity investors, has raised HK$3.5 billion ($449 million) through a Hong Kong IPO.
China IPOs: The star still wanes
Proceeds from private equity-backed offerings on China’s Star Market are down 75% from their peak one year ago, reflecting ongoing regulatory interference and diminished investor confidence
Taiwan start-ups: Leaving the factory
Taiwan’s industrials-focused venture capital and start-up ecosystem has tilted noticeably toward consumer software in the past year. Nevertheless, the traditional heavyweights are indispensable
Deal focus: Orchestra delivers pizza to Seoul
Banolim has become Korea’s fourth-largest pizza delivery business largely on the back of savvy marketing and expansion in lower-tier cities. Orchestra Private Equity is supporting a rollout in Seoul
Deal focus: Icon retains its private equity appeal
EQT’s $1.67 billion acquisition of Icon Group underscores the recent trend in large-cap buyouts, as well as the long-term growth potential for cancer care specialists in Australia and the wider Asian region
Deal focus: Quiet confidence persists in hydrogen power
H3 Dynamics is bringing hydrogen-powered delivery drones to Asia’s crammed megacities as a steppingstone to a cleaner aviation sector. This is a sweet spot for Hong Kong’s Audacy Ventures
Key takeaways: Apollo Global Management's Marc Rowan
High valuations, pursuing complexity, and eradicating write-offs were on the agenda when Marc Rowan, co-founder and CEO of Apollo Global Management, spoke at the AVCJ Forum. Here are some highlights
Investors see China regulatory turbulence as short-term - AVCJ Forum
Regulatory uncertainty overshadowing China's technology sector is a temporary phenomenon, investors told the AVCJ Private Equity & Venture Forum, while noting that targeting areas favored by the government remains a safe play.
Australia's Five V raises $398m for Fund IV
Five V Capital, a growth-oriented investor in Australia and New Zealand, has achieved a first and final close on its fourth fund with more than A$550 million ($398 million) in commitments.
Singapore BNPL player Pace gets $40m Series A
Singapore’s Pace Enterprise, a one-year-old start-up in the fast-growing buy-now-pay-later (BNPL) financial services niche, has raised a $40 million Series A round from a pan-Asian mix of VC firms.
Vision Fund adds managing partners in India, China
SoftBank Vision Fund has promoted Sumer Juneja, who heads up its India investments, and Dennis Chang, a China-focused partner, to managing partner level.
Warburg Pincus backs China new materials business
Ambilight, a China-based new materials company focused on electrochromic (EC) components, has raised several hundred million dollars in Series C funding led by Warburg Pincus.
India e-commerce industry financier raises $20m
Velocity, an Indian start-up that provides growth capital to e-commerce brands, has raised a $20 million Series A round led by Valar Ventures, a firm set up by PayPal co-founder Peter Thiel.
EQT buys Australia cancer care business from PE consortium
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).