Region
Rugby Australia open to private equity proposals
Rugby Australia will consider private equity investment proposals, following in the footsteps of commercial rugby union organizations in the UK and New Zealand that need cash to alleviate financial stress arising from COVID-19.
China's Zhongneng secures $460m in equity, debt funding
Zhongneng United, a Chinese construction equipment rental platform specializing in aerial work, has raised RMB3 billion ($460 million) in Series C equity and debt financing across three tranches.
Allianz leads $75m round for Hong Kong's WeLab
Allianz Group has led a $75 million round for Hong Kong’s WeLab with a view to helping the financial technology provider develop new insurance and investment products.
FountainVest leads $100m round for China's Ushopal
FountainVest Partners has led a $100 million funding round for Ushopal, a China-focused e-commerce platform that sources global luxury brands for the high-end consumer market.
China LiDAR specialist Innovusion raises $60m
Innovusion, a Chinese developer of LiDAR technology used in autonomous driving, has raised $60 million in funding. The company is best known as a supplier to domestic electric vehicle (EV) manufacturer Nio.
TA backs Australia ETF manager BetaShares
TA Associates has added to its Australia and New Zealand financial services portfolio with an investment in BetaShares, an Australia-based exchange-traded fund (ETF) manager.
Korea biotech start-up gets $44.5m pre-IPO round
Korea’s Standigm, which provides artificial intelligence (AI) systems to biotech operators, has raised a $44.5 billion pre-IPO round led by SKS Private Equity and Daishin Privat Equity.
Odyssey backs Australia mountain bike business
Odyssey Private Equity has acquired a significant stake in MTB Direct (MTBD), an Australia-based online retailer specializing in mountain bikes, replacement parts, and cycling clothing and accessories.
Indonesia's Sicepat secures $170m Series B
Indonesian logistics start-up Sicepat has raised a $170 million Series B round from investors including Temasek Holdings’ growth-stage PE unit Pavilion Capital.
My Food Bag completes largest New Zealand IPO in seven years
My Food Bag, a cook-your-own meal kit delivery service backed by Waterman Capital, has raised NZ$342.2 million ($245.5 million) in New Zealand’s largest IPO since 2014.
Q&A: Everstone Group's Sameer Sain
Sameer Sain, co-founder and CEO of Singapore-based and India-focused Everstone Group, explains why he’s doubling down on ESG and on a hands-on buyout strategy that prioritizes bargain hunting
Addor raises $241m for second China healthcare fund
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
India's Trifecta closes venture debt fund at $140m
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Japan space robotics start-up gets $17m
Gitai, a Japanese start-up developing a humanoid general-purpose work robot for use in space, has secured a JPY1.8 billion ($17 million) Series B round from local VCs.
Founder of China's Zhencheng Capital launches SPAC
Jianwei Li, founding and managing partner of Chinese venture capital firm Zhencheng Capital and previously CIO at ZhenFund, has launched a special purpose acquisition company (SPAC).
PE-backed SciClone achieves $1.6b market cap on HK re-listing
SciClone Pharmaceuticals, a Chinese drug developer privatized by a PE consortium at a valuation of $605 million in 2017, has relisted in Hong Kong and ended its first day of trading with a market capitalization of HK$12.7 billion ($1.64 billion).
Chinese GPU chip designer raises $186m
Iluvatar CoreX, a Shanghai-based computing chip designer has raised RMB1.2 billion ($186 million) in Series C funding led by Cedarlake Capital and Centurium Capital.
Deal focus: ANE Logistics targets attractive middle
China’s less-than-truckload logistics market, which sits in between express couriers and big truck operators, is ripe for consolidation. GPs have identified their favored players
Platinum exits Australia's Sensis to US strategic
US-based Platinum Equity has exited its control position in Sensis, best known as the operator of Australia’s White Pages and Yellow Pages directories, in a deal worth $200 million.
Asia Partners closes debut SE Asia fund at $384m
Singapore’s Asia Partners has closed its debut Southeast Asia VC fund at $384 million, describing it as the largest-ever first-time technology vehicle focused on the region.
KIC appoints new private equity head
Korea Investment Corporation (KIC) has appointed Sungjun Song as head of its private equity division.
Affinity adds to China team
Affinity Equity Partners has recruited Sam Sun, previously a partner at Sequoia Capital, as a managing director based in Beijing.
India direct secondaries: Footprint freefall
A darker mood for Chinese investors in India is stirring expectations for a wave of direct secondary opportunities
Rocket Lab to go public via SPAC merger
Rocket Lab, a US-based space technology company that operates primarily in New Zealand, as agreed to merge with a special purpose acquisition company (SPAC) at an enterprise valuation of $4.1 billion.