Regions
Korean wave: Killer content
From Oscar-winning films to record-breaking pop bands, Korean content has started to replicate its success in Asia in the West. Venture capital investors are looking for ways to ride the K-wave
Chinese drug developer Adlai Nortye raises $100m Series C
Adlai Nortye, a Chinese biopharma player specializing in cancer treatments, has raised nearly $100 million in Series C round led by Hong Kong-listed contrast research organisation (CRO) Tigermed and Shanghai-based Yingke PE.
Carlyle invests $260m in China's Salubris Pharmaceutical
The Carlyle Group has paid about $260 million for a 5% stake in Shenzhen-listed Salubris Pharmaceutical.
TPG, KKR invest $220m in Singapore’s PropertyGuru
Singapore-based real estate portal PropertyGuru has confirmed S$300 million ($220 million) in new commitments from existing backers TPG Capital and KKR.
Affirma to exit Korea waste management business
Affirma Capital – formerly Standard Chartered Private Equity – has agreed to sell EMC Holdings, a South Korea-based waste and wastewater treatment business, to a unit of local conglomerate SK Corporation.
Deal focus: Hahn puts faith in aviation rebound
International travel remains largely off-limits, but Hahn & Company is optimistic on the long-term prospects for Korea's aviation industry and for Korean Air's in-flight catering and duty-free businesses
Q&A: Hong Kong Monetary Authority's Anson Law
Hong Kong’s updated limited partnership ordinance came into force this week. Anson Law, a senior manager for market development at Hong Kong Monetary Authority, explains why it’s important for the territory
Indian edtech player Eruditus gets $113m Series D
Eruditus, an Indian education technology provider focused on working professionals, has raised a $113 million Series D round featuring Sequoia Capital India.
China GPs must double down on operational skills - McKinsey
Private equity investors in China must develop new operational capabilities to deliver returns because they can no longer rely on macroeconomic tailwinds to drive growth, according to McKinsey & Company.
Australia's IOOF to buy NAB wealth management arm
Australian financial advisory, investment management and superannuation provider IOOF Holdings has agreed to acquire MLC, the wealth management arm of National Australia Bank (NAB), for A$1.44 billon ($1.03 billion).
Creador invests $34m in India's Shriji Polymers
Creador has invested INR2.5 billion ($34 million) in Shriji Polymers India, a manufacturer of plastic pharmaceuticals packaging, taking a significant minority stake and providing an exit for Tata Capital.
Japan flying car developer gets $37m Series B
Development Bank of Japan has joined a JPY3.9 billion ($37 million) Series B round for Tokyo-based flying car developer SkyDrive.
Korea's Viva Republica raises $173m
Viva Republica, the operator of Korean money transfer app Toss, has raised $173 million from a group of investors featuring Sequoia Capital China and Kleiner Perkins.
NSSK buys Japanese sports nutrition business
NSSK has acquired the sports nutrition division of Japan’s Dome Corporation, which is best known as the local distributor for US sportswear brand Under Armour.
Macro, geopolitical concerns not deterring China exits
Private equity investors are seeing significant IPO and exit activity out of China despite macroeconomic and geopolitical uncertainty arising from COVID-19 and China-US tensions, respectively.
Qiming joins Series B for Chinese AI diagnosis player
Shukun, a Chinese start-up that develops artificial intelligence (AI) technology used in the medical imaging diagnosis, has raised RMB200 million in the third tranche of Series B round.
Japan's J-Star acquires waste management business
Japanese private equity firm J-Star has acquired local waste management operator Sincere Corporation for an undisclosed sum.
BGH, OTPP reengage with New Zealand's Abano
BGH Capital and Ontario Teachers’ Pension Plan (OTPP), which recently terminated an acquisition of New Zealand dentistry chain Abano, have renewed their bid at a lower price.
China data centers: Real estate plus
Valuations are rising in China’s data center industry as speculative real estate-style investors flood the market. Experienced players are willing to spend more time building scale
Fund focus: MDI leads the way in Indonesia
MDI Ventures has seen a significant step-up in fund size because the success of Indonesia’s start-up ecosystem in recent years means investors need more firepower
Indian GPs tip more PE industry consolidation - AVCJ Forum
Indian private equity managers expect further industry consolidation as the survivors from the last wave refine their approaches to investment, including the slow crawl towards more control deals.
Ekuinas exits Malaysia halal meats business
Malaysian government-backed private equity firm Ekuinas has sold Primabaguz, a local producer of premium halal meat-based products, to US-based Johnsonville International for MYR175 million ($42 million).
China's Xpeng raises $1.5b in US IPO, soars on debut
Chinese electric vehicle manufacturer Xpeng – which has a string of PE and VC investors – gained 41% on its New York trading debut after raising $1.5 billion in an upsized IPO.
PAG buys majority stake in Indian wealth manager
PAG has invested approximately $300 million for a 51% stake in the wealth management business of Indian financial services players Edelweiss Group. The goal is to demerge and list the unit within 18 months.