Region
JIP supports Japan cancer diagnostics joint venture
Japanese private equity firm Japan Industrial Partners (JIP) is participating in a local joint venture with BostonGene, a US-based provider of artificial intelligence-enabled (AI) profiling solutions used to treat cancer patients.
PAG buys Australian hospitality business from KKR
PAG has acquired Australian Venue, which owns a portfolio of pubs, bars, and restaurants across Australia, from KKR for more than AUD 1.4bn (USD 900m).
BPEA EQT exits India's Coforge via $924m block trade
BPEA EQT has sold its remaining 26.6% stake in India-listed IT provider Coforge, realising USD 924m through a block trade and completing a staged exit started in late 2020.
Vietnam's VNG files for US IPO
Vietnam-based VNG, operator of the country’s largest mobile game publishing platform and largest messaging app, has filed for an IPO in the US.
Korea Credit Data raises $75m, achieves unicorn status
Korea Credit Data (KCD), the operator of a super app aimed at small and medium-sized enterprises (SMEs), has raised KRW 100bn (USD 75.7m) at a valuation of KRW 1.3trn (USD 1bn).
QIA invests $1bn in India's Reliance Retail
Qatar Investment Authority (QIA) has agreed to invest INR 82.8bn (USD 1bn) in the retail unit of Indian conglomerate Reliance Industries.
SEC votes through disclosure reforms for private funds
The US Securities and Exchange Commission (SEC) has adopted new transparency rules for private equity managers requiring increased reporting, special terms disclosure, and annual fund audits.
Indian family offices invest $52m in FirstCry
Three Indian family offices have committed INR 4.35bn (USD 52.7m) to domestic mother-and-baby retailer FirstCry through a secondary transaction that facilitated a partial exit for SoftBank Vision Fund, among others.
WestBridge buys investment platform FundsIndia
WestBridge Capital has acquired a majority stake in FundsIndia, an online investment platform that offers access to mutual funds, public equities, and fixed deposit products, for an undisclosed sum.
Everstone completes exit from India's SJS Enterprises
Everstone Capital has sold its remaining 29.5% interest in SJS Enterprises, an India-based provider of decorative aesthetics that serves carmakers and consumer products manufacturers, for around USD 66m.
Centurium scales back China fund target to $1.5b
China-focused private equity firm Centurium Capital is looking to raise USD 1.5bn for its second US dollar-denominated fund, having originally targeted USD 2.5bn in a stop-start process that began more than three years ago.
Chinese chip developer Sitrus raises $28m
China-based chip developer Sitrus Technology has raised CNY 200m (USD 28m) in a Series C extension from Henglu Assets and Shanxi provincial government investor Photon Strong Chain Fund.
CLSA exits Japanese uniform rental business Uni-Mate
Japan’s CLSA Capital Partners (CLSA CP) has sold 100% of uniform rental and cleaning business Uni-Mate to local private equity firm Karita & Company (K&C) for an undisclosed sum.
Australia's Airtree leads round for space tech start-up
Australia’s Airtree Ventures has led a AUD 12m (USD 7.7m) Series A round for HEO Robotics, a local space start-up focused on non-Earth imaging.
PE-backed Gambol Pet trades up after $220m China IPO
Gambol Pet, a Chinese mass-market pet food manufacturer backed by KKR and Legend Capital, has traded strongly since raising CNY 1.6bn (USD 220m) through a domestic IPO.
The innovation game: China GPs play safe
China investors have abandoned their previous high-risk-high-return approach in favour of proven business models and profitability. Hotspots like autonomous driving, biotech, and SaaS are no exception
LP interview: India's Catamaran
Catamaran brings a global, tech-savvy approach to private equity that sets it apart from most Indian family offices. A strong historical focus on digital inclusion is now extending into manufacturing
Deal focus: Longreach hits homerun with Quasar
The Longreach Group transitioned Quasar Medical to professional management, took it into new markets, and diversified the company’s manufacturing footprint. A 7x return was its reward
Fund focus: Growtheum's Southeast Asia breakthrough
Amit Kunal swapped a sovereign wealth fund for an independent shop at a time when fundraising was becoming difficult. Robust early deal flow helped Growtheum Capital Partners to its USD 567m final close
Deal focus: KKR thinks global with Korea's Musinsa
KKR has made its first tech growth investment in Korea with Musinsa, an online marketplace for a carefully curated selection of streetwear brands with export potential
Horizons leads $50m round for Indonesia EV player IMG
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).
Matrix backs $139m round for China semiconductor start-up Echint
Matrix Partners China has co-led a CNY 1bn (USD 139m) Series B round for Echint, a Chinese chip packaging and testing start-up incubated by VC-backed semiconductor company Eswin.
China's DP Technology raises $97m
China’s DP Technology, touted as a pioneer in the use of artificial intelligence (AI) for scientific research, has raised a CNY 700m (USD 97m) round featuring Loyal Valley Capital.