Region
Japan's Angel Bridge closes third fund on $72m
Japanese early-stage investor Angel Bridge has closed its third fund with JPY 10bn (USD 72m) in commitments from local investors.
Visa backs $72m Series C for Singapore's Thunes
Singapore’s Thunes, a financial technology provider focused on cross-border transfers in developing markets, has raised USD 72m in Series C funding featuring Visa.
Glenwood takes legal action over disputed Korea transaction
An arbitration proceeding has been initiated in Singapore regarding a dispute between Glenwood Private Equity and BPEA EQT over the failed sale of Korea-based industrial films producer PI Advanced Materials.
Warburg Pincus picks SE Asia head for global leadership role
Jeffrey Perlman, who leads Southeast Asia at Warburg Pincus as well as Asia Pacific real estate, will become the firm’s global president in a move described as succession planning.
China's Qiming appoints Qualcomm investor as venture partner
Qiming Venture Partners has appointed James Shen, previously a managing partner at Qualcomm Ventures, as a venture partner.
Hahn acquires Korea medical devices player
Hahn & Company has acquired a nearly two-thirds stake in Korea-listed medical laser maker Lutronic through a tender offer for about KRW 629bn (USD 497m).
Australia's Glow buys clothing brand in debut deal
Australia’s Glow Capital has agreed its debut deal, acquiring 51% of Cargo Crew, a local workplace clothing brand specialising in restaurant uniforms.
KKR leads $190m Series C for Korea fashion platform
KKR has led a USD 190m Series C round for Korean online fashion platform Musinsa with support from Wellington Management.
Creature comforts: Why PE likes pet care
Private equity investors have long championed the resilient characteristics of pet care globally. The pandemic helped solidify a similar value proposition in Asia
Deal focus: Telexistence's nimble robots target retail, logistics
Japan’s Telexistence appears to be on the cusp of a significant milestone in retail automation. Local logistics tech investor Monoful is hoping to take that promise to the warehouse
Fund focus: Australia's Next thrives under the radar
Next Capital claims to have relatively free rein in Australia’s underpenetrated lower middle market. Dedication to the opportunity set underpinned a painless fundraising process for its latest vehicle
2Q analysis: Still scrambling
State-supported deals prop up Asia private equity investment; GPs hustle for liquidity in an unforgiving exit landscape; ex-China mid-market players gain some traction in fundraising
China chip designer Senasic raises $70m
China-based chip company Senasic has raised CNY 500m (USD 70m) in Series D funding led by state-owned Enterprises Mixed Ownership Reform Fund.
Sujoy Bose exits leadership role of India's NIIF
Sujoy Bose has left India’s National Investment & Infrastructure Fund (NIIF), having served as CEO of the organisation since its inception in 2016.
Ares to buy Asia's Crescent Point
Crescent Point Capital, a China and Southeast Asia-focused private equity firm with around USD 3.8bn in assets under management (AUM), has agreed to a 100% acquisition by Ares Management.
Japan's 01Booster Capital closes debut fund
01Booster Capital, a Japanese accelerator and VC investor set up in 2012, has closed its debut fund at an undeclared size. It was launched in late 2021.
China's Cornerstone Robotics raises $112m
China-based Cornerstone Robotics, a surgical robots specialist, has raised a CNY 800m (USD 112m) round featuring BridgeOne Capital and Lenovo Capital & Incubator Group.
Lightspeed leads $20m round for India SaaS player Zluri
Lightspeed India Partners has led a USD 20m Series B round for Zluri, an India and US-based platform that helps companies manage and optimise their software-as-a-service (SaaS) ecosystems.
India's CapFort Ventures seeks $24m for debut VC fund
India’s CapFort Ventures, an early-stage VC firm set up this year by investors at local incubator Venture Catalysts, has launched its debut fund with a target of USD 24m.
India's LetsTransport gets $25m Series D
Bertelsmann India Investments has led a USD 25m Series D round for LetsTransport, a platform that aims to integrate independent truckers into the mainstream economy.
Glenwood sells Korean films business to French strategic
Glenwood Private Equity has sold its majority stake in Korea-based industrial films producer PI Advanced Materials to France-headquartered Arkema for an enterprise value of EUR 728m (USD 817m) – six months after BPEA EQT pulled out of a deal to buy the...
Tembusu launches Singapore multi-family office
Tembusu Partners, a Singapore-based boutique private equity investment firm, has launched a multi-family office in conjunction with Reuss Private, a Swiss wealth management business.
New Zealand supply chain traceability player gets $57m
New Zealand’s Oritain, a supply chain traceability and authentication company with a presence in the US, Europe, and Australia, has raised USD 57m led by UK-based VC firm Highland Europe.