Regions
China's MiningLamp gets $200m Series E extension
The Russia-China Investment Fund has led a $200 million Series E extension for Chinese big data player MiningLamp Technology, taking the overall round to $500 million.
Platinum agrees $398m exit from Asia precision manufacturer
Platinum Equity has sold Compart Systems, a Singapore-headquartered metal components manufacturer, to Shanghai Wanye Enterprises for a valuation of approximately $398 million.
KKR India CEO Sanjay Nayar moves to chairman role
Sanjay Nayar, who helped establish KKR’s India operations and currently serves as country CEO, will relinquish his leadership responsibilities and transition to a chairman role.
Indian government infrastructure fund closes at $2.3b
NIIF Master Fund, a rupee-denominated infrastructure investment vehicle backed by the Indian government, has achieved a final close of $2.34 billion, beating its $2.1 billion target.
Q&A: North Summit Capital's Wanli Min
Previously chief machine intelligence scientist at Alibaba Cloud, Wanli Min is now applying his deep technology expertise to investment at North Summit Capital. He explains what kind of innovation makes him tick
Quadrant secures $938m for flagship Australia fund
Quadrant Private Equity has completed another rapid fundraise, taking just five weeks to achieve a final close of A$1.24 billion ($938 million) on its latest Australia and New Zealand mid-market vehicle.
SIP brings PE value-add to COVID-19 hit HK social enterprises
Social Impact Partners (SIP), a Hong Kong-based venture philanthropy organization supported by several private equity firms, has been drawing on industry resources to support portfolio organizations that face financial and operational challenges because...
Australia home solar fintech start-up raises $73m
Grok Ventures, an investment firm set up by Atlassian co-founder Mike Cannon-Brookes, has led a A$100 million ($73 million) round for Australian household solar energy financier Brighte.
India renewables platform Ayana receives $70m
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
The crystal ball: Predictions for 2021
Industry professionals process the upheavals of 2020 to inform outlooks for a range of markets and investment themes. Realist bullishness abounds
OTPP backs Korean fried chicken chain at $1.6b valuation
Ontario Teachers’ Pension Plan (OTPP) has invested in Korean fried chicken restaurant franchisor BHC Group at an enterprise valuation of KRW1.8 trillion ($1.6 billion), facilitating a full exit for Elevation Equity Partners.
Australia's Arcadia debuts with equipment rental deal
Arcadia Capital, an Australia-based private equity firm that operates on a deal-by-deal basis, has completed its debut investment with the acquisition of specialist equipment rental business Orange Hire.
IMM raises $1.8b for fourth Korea fund
IMM Private Equity will complete fundraising for its fourth Korea-focused vehicle at the end of this month, with KRW2 trillion ($1.8 billion) in commitments. It caps a year in which the firm expects to close two new investments and agree exits on three...
DCP, CPE make $300m China data center play
DCP Capital Partners and CPE – formerly CITIC Private Equity – have led a $300 million investment in Hotwon Group, a Chinese cloud computing infrastructure services provider.
Partners Group invests $250m in India's Ecom Express
Partners Group has committed at least $250 million to Indian door-to-door delivery specialist Ecom Express, facilitating a partial exit for controlling shareholder Warburg Pincus.
Cathay Capital appoints chief impact officer
Cathay Capital has named Matthieu van der Elst, formerly CEO of France’s Michelin Ventures, as its first chief impact officer.
Gaja leads $32m Series B for India SaaS start-up
Gaja Capital has led a $32 million Series B round for India-based software-as-a-service (SaaS) provider LeadSquared.
Sinovation's consulting unit hits $1b valuation with Series C
AInnovation, an artificial intelligence (AI) consulting business established by Sinovation Ventures, has joined the ranks of China’s AI unicorns following a Series C round of funding.
Fund focus: Integral scales up again
Riding on a wave of IPOs that have returned the principal on Fund II and given Fund III a strong start, Integral Corporation has secured $1.18 billion in commitments for its fourth Japan fund
2020 in review: Surprise guest
The coronavirus pandemic has played havoc with Asian private equity, contributing to a resurgence in IPOs, increased bifurcation in fundraising, a rush for healthcare, and a generally staggered revival
Advantage, Tokyo Century agree Japan health foods deal
Advantage Partners has teamed up with Tokyo Century Corp. and Japanese strategic Euglena to acquire Q’Sai, a local health foods and cosmetics business, from Coca-Cola Bottlers Japan Holdings.
ClearVue backs China-focused pet lifestyle brand
ClearVue Partners has led a $20 million Series B round for Vetreska, a US-headquartered and China-focused pet lifestyle brand.
J-Star acquires Japan drug wholesaler Genex
Japanese private equity firm J-Star has taken a controlling stake in local pharmaceuticals wholesaler Genex for an undisclosed sum.
Deal focus: Everstone secures 3x return on outsourcing play
Everstone Group helps outsourcing specialist Everise adapt to the work-at-home realities of the day before exiting the business to Brookfield Asset Management