Regions
BGH, OTPP sweeten deal for New Zealand's Abano
BGH Capital and Ontario Teachers’ Pension Plan (OTPP) have improved their take-private offer for New Zealand dentistry chain Abano, reflecting a relatively strong business recovery.
Walmart, Flipkart re-up in India's Ninjacart
US retailer Walmart and Flipkart, its India-based e-commerce platform, have made an additional investment in local fresh produce delivery business Ninjacart.
India's Razorpay raises $100m Series D
Indian digital payments start-up Razorpay has achieved unicorn status following a $100 million Series D round led by GIC Private and Sequoia Capital India.
PAG-led consortium buys India drug maker
PAG Asia Capital has made its second substantial investment in India in the past two months, leading a consortium that has agreed to acquire a controlling stake in Anjan Drug, a Chennai-based manufacturer of active pharmaceutical ingredients (API).
China's Gaorong closes Fund V at $1.1b
Gaorong Capital has closed its fifth US dollar-denominated fund with commitments of $1.15 billion. It brings the Chinese venture capital firm's assets under management to about $4 billion.
Tencent leads $100m round for China education platform
Huohua Siwei, a China-based children's online education platform specializing in mathematics and science, has raised $100 million in the second tranche of the Series E round.
Deal focus: Flash Express secures Thai corporate support for Series D
Having previously relied heavily on Chinese investors, Thailand express delivery player Flash Express sought out local partners for its $200 million Series D as part of plans for domestic consolidation
Lee's Pharmaceutical spin-out gets $145m Series B
Hong Kong-based Zhaoke Ophthalmology Pharmaceutical (ZKO), a subsidiary of Lee’s Pharmaceutical, has raised a $145 million Series B round led by Hillhouse Capital and TPG Asia.
Indonesia's AC Ventures hits first close on debut fund
AC Ventures, a recent merger of Indonesia’s Agaeti Ventures and Convergence Ventures, has reached a first close of $56 million for its debut fund as a combined group. The target is $80 million.
Archipelago acquires Malaysia's Coolblog, Ekuinas exits
Archipelago Capital Partners has acquired Malaysian dessert and drink chain Coolblog from government-backed PE firm Ekuinas based on an equity value of MYR75 million ($18 million).
Fund focus: BA Capital backs youth
ByteDance spinout BA Capital has raised $147 million for its second renminbi-denominated fund and is also raising a US dollar vehicle. Backing consumer brands that resonate with young people underpins the investment thesis
Fund focus: CCV raises $300m for China fund
China Creation Ventures secures $300 million for Fund II, having found that some LPs are holding back on China commitments while others are even more willing to engage
Q&A: Unison Capital's Tatsuo Kawasaki
Tatsuo Kawasaki, a partner at Unison Capital, on supporting existing investments and making new ones, expectations of distress in Japan, and why a platform approach makes sense for healthcare
China carpooling player Dida pursues Hong Kong IPO
Dida Chuxing – a Chinese peer-to-peer carpooling business that subsequently expanded into ride-hailing, putting it in direct competition with longstanding market leader Didi Chuxing – has filed for a Hong Kong IPO.
Everest Medicines soars on debut after $451m IPO
Everest Medicines, a Chinese biotech start-up backed by CBC Group, performed strongly in early trading in Hong Kong following a HK$3.5 billion ($451 million) IPO.
PE-backed Chinese fintech player Lufax files for US listing
Lufax, a Chinese online lending and wealth management platform valued at $39.4 billion following its most recent private funding round, has filed for an IPO in the US.
Temasek restructures asset management entities
Singapore’s Temasek Holdings has created a holding company for its four asset management units – including private equity-focused Azalea Investment Management and venture debt business InnoVen Capital – to provide more support in areas such as third-party...
SBI, Sygnum launch digital assets fund
SBI Ven Capital, an investment arm of Japan's SBI Group, has teamed up with digital asset bank Sygnum Group and launched an early-stage fund investing in digital assets across Southeast Asia and Europe.
PE-owned Adore Beauty targets $193m Australia IPO
Australia’s Quadrant Private Equity is set to make a first exit from its growth fund with online beauty retailer Adore Beauty announcing plans for a A$269.3 million ($192 million) IPO.
Jafco backs Japan VR game developer
Japan’s Jafco has led an $8.5 million Series A round for local virtual reality (VR) game developer Thirdverse.
SAIF launches fourth India VC fund
SAIF Partners India has launched its fourth VC fund with a target of $400 million.
ADIA joins Reliance Retail investor roster
Abu Dhabi Investment Authority (ADIA) has become the latest investor to follow its commitment to Reliance Industries-owned Jio Platforms with an investment in Indian conglomerate’s retail unit.
Deal focus: Neuron finds clear roads down under
Having increased its Series A round to $30.5 million, Neuron Mobility is ramping up expansion of its e-scooter rental services, with Australia and New Zealand the immediate priorities
Deal focus: CVC's soft sell
CVC Capital Partners helped Softex Indonesia grow its market share by penetrating modern retail channels and launching an ESG program. A $1.2 billion trade sale exit to Kimberly-Clark is its reward