Region
China CRO player raises $50m to support US merger
DMed-Clinipace, a global contract research organization (CRO) with a presence in China, has raised $50 million in an extended Series C round led by Springhill Fund. Rock Springs Capital and Superstring Capital also took part.
SOSV raises $100m growth fund
Early-stage investor SOSV – known for accelerator programs such as China-based HAX and Chinaccelerator – has raised $100 million for its first growth fund designed to invest in Series B rounds and beyond.
TE Asia acquires two Indonesia cardiology practices
TE Asia Healthcare Partners, a Singapore-based hospital platform backed by TPG Capital, has acquired controlling stakes in two Indonesian cardiology centers.
Kotak hits $185m first close on India pre-IPO fund
India’s Kotak Investment Advisors has achieved a first close of INR13.9 billion ($185 million) for a pre-IPO fund.
India's Pine Labs raises $315m at $3.5b valuation
Indian financial technology provider Pine Labs has raised a $315 million round featuring BlackRock at a post-money valuation of about $3.5 billion.
China's Qiming targets listed healthcare businesses
Qiming Venture Partners is mobilizing its newly launched public equities unit – and $500 million fund – to participate as an anchor investor in Hong Kong IPOs by Chinese healthcare companies.
China O2O services player Daojia pursues US listing
Daojia, a China-based online-to-offline (O2O) home services provider that has previously received funding from KKR, Alibaba Group, and Ping An Group, has filed for an IPO in the US.
PE-backed China dental player files for Hong Kong IPO
Arrail Group, a leading Chinese dental chain that has raised about $400 million in private funding since 2010, has filed for a Hong Kong IPO.
VC-backed Indian game developer bought by Swedish strategic
Indian game studio PlaySimple has been acquired for about $360 million by Sweden’s Modern Times Group (MTG), setting up exits for Elevation Capital and Chiratae Ventures.
Mekong backs Vietnam cosmetics retailer
Mekong Capital has invested in HSV Group, Vietnam’s largest cosmetics retailer with a network of 105 self-operated stores.
Japan's Advantage adds renewables strategy
Japan’s Advantage Partners has broadened its investment scope with the introduction of a renewables and sustainability strategy.
Australia's PEP to exit investor services business AST
Pacific Equity Partners (PEP) is poised to exit American Stock Transfer & Trust (AST), its longest-held portfolio company, following an agreement to sell the business to US-based Siris Capital.
Fund focus: Hive Ventures' Taiwan AI thesis gets nod
Taiwan’s Hive Ventures managed to attract significant local support for its debut fund despite having a sparse network in its home market. Its focus on early-stage AI didn’t hurt
Deal focus: Indian cartoons poised for proliferation
NewQuest Capital’s acquisition of Cosmos-Maya from KKR-backed Emerald Media punctuates a crystallizing opportunity set in Indian animation. The next step is going global
Deal focus: LocoNav targets gap in fleet digitization
The rapidly modernizing fleet management industry has seen surprisingly little progress in terms of driver and dispatcher services. Global VCs see a solution in India’s LocoNav
LP interview: Tikehau Capital
Having built out its business aggressively in Europe in recent years, Tikehau Capital is eyeing steady Asian expansion. This means more PE investment in the region and – potentially – more strategic additions
China beauty: Traffic jam
The impact of China’s internet-oriented emerging consumer brands is arguably more pronounced in beauty than anywhere else. Gaining a foothold is one challenge, keeping it is another
Warburg Pincus targets China distressed real estate
Warburg Pincus is entering the distressed real estate space in China through a $600 million partnership with Wensheng, a local special situations manager.
Longreach buys pulp and paper industry supplier from Navis
The Longreach Group has acquired a majority interest in Amazon Papyrus Chemicals Holdings, a Hong Kong-headquartered chemical solutions provider to the pulp and paper industry, from Navis Capital Partners.
Temasek, Multiples lead $192m Series F for India's Licious
Temasek Holdings and Multiples Alternate Asset Management have led a $192 million Series F funding round for Licious, an India-based online retailer specializing in fresh meat and seafood.
Indian online gaming business Winzo raises $65m
Winzo, and Indian gaming platform focused on online pool, rummy, poker, and fantasy sports has raised a $65 million Series C round led by US-based Griffin Gaming Partners.
Hong Kong NFT player adds $50m to funding round
Hong Kong’s Animoca Brands, a gaming company focused on blockchain-based non-fungible tokens (NFTs), has raised $50 million from a group including Gobi Partners and a VC unit of Samsung.
Faering leads $200m round for India's Digit Insurance
Indian private equity firm Faering Capital has led a $200 million round for local insurance company Digit Insurance at a valuation of $3.5 billion.