Region
Carlyle invests $198m in Korea's KB Financial
The Carlyle Group has invested KRW240 billion ($198 million) in KB Financial Group and agreed to work with the Korean company on investment opportunities and structuring and financing its deals in the country.
A91 invests $16m in India spices maker
India’s A91 Partners has invested INR1.2 billion ($16.4 million) in local spices and condiments brand Pushp.
India's Jio Platforms set for record Asia growth capital fundraise
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest INR113.6 billion ($1.5 billion) in India’s Jio Platforms. This takes its overall funding to INR1.15 trillion, the largest single growth capital haul for an Asian technology company.
GP Profile: Gobi Partners
China’s Gobi Partners has grown from a four-person team to an 11-office franchise. The coming decade will test the VC firm’s aspiration to become a pan-Asian enterprise
Fund focus: Cathay taps strategic expertise in energy
Cathay Capital Private Equity is raising what it claims is China's first-ever smart energy fund, relying on contributions from LPs that offer strategic as well as financial support
Ascendent to exit China dairy player through $240m trade sale
Ascendent Capital Partners has agreed to make a full exit from Chinese dairy producer Ningxia Harmony Dairy Development with New Hope Dairy set to buy the business for an enterprise valuation of RMB1.7 billion ($240 million).
Deal focus: Indonesia's GoPlay changes the channel
Golden Gate Ventures is backing GoPlay, a media streaming spin-out from Indonesia's GoJek, to tap an underserved Southeast Asian audience with local recreations of popular international TV shows
L Catterton recruits executive from India's CX Partners
Consumer-focused private equity firm L Catterton has hired Saurabh Mehta, formerly a partner at India’s CX Partners.
Japan's Daiwa backs Vietnam cinema operator
Japan’s Daiwa Securities Group has invested $8 million in Vietnam cinema chain operator Beta Media via its private equity unit.
ESR raises $1b Korea logistics fund
Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
Coronavirus dislocation funds: Runway watchers
Southeast Asia has emerged as a hotspot for VC funds targeting COVID-19 dislocation. They are flirting with strategies requiring private equity and short-term value investing skills
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Mercury buys Bauer Media's Australia, New Zealand assets
Sydney-based private equity firm Mercury Capital has agreed to acquire the Australia and New Zealand assets of Germany’s Bauer Media, including an extensive magazine portfolio.
Chinese cloud player Qiniu gets $141m Series F
Chinese enterprise cloud service provider Qiniu Cloud has raised RMB1 billion ($141 million) in Series F funding from the state-owned China Structural Reform Fund, Bocom International, and Hongzhao Fund.
China's Miaoshou Doctor raises $85m
Miaoshou Doctor, a Chinese online healthcare services platform, has raised RMB600 million ($85 million) in the first tranche of Series D funding round backed by the likes of Qiming Venture Partners, Sequoia Capital China, Ince Capital Partners, CITIC...
KKR, Temasek commit $650m to Vietnam property developer
A consortium led by KKR has invested VND15.1 trillion ($650 million) in Vinhomes, Vietnam’s leading integrated real estate developer, which went public in 2018.
Australia's Square Peg raises $240m for third VC fund
Australian VC firm Square Peg Capital has received initial commitments of A$350 million ($240 million) for its third fund from investors including Hostplus and AustralianSuper.
Deal focus: Korean start-up disrupts the laundry
Korean on-demand laundry service Laundrygo will use its Series B funding to widen coverage within Seoul and improve automation levels at its facilities to further boost margins
Singapore's One Championship raises $70m
One Championship, a Singapore-based mixed martial arts (MMA) organization backed by Sequoia Capital India, has raised $70 million in funding.
Chinese AI chip maker Biren raises $155m Series A
Biren Technology, a nine-month-old Chinese smart chip design company, has raised RMB1.1 billion ($155 million) in Series A funding led by Qiming Venture Partners, IDG Capital and Walden International.
Redmayne leaves CVC to join Searchlight
James Redmayne, a 14-year veteran of CVC Capital Partners who spent the last seven years in Asia, has joined the London-based team at Searchlight Capital Partners.
Sequoia joins $21m Series A for Philippines digital bank
Sequoia Capital India and US-based Point72 Ventures have led a $21 million Series A round for Tonik, a Singapore-based digital bank launching initial operations in the Philippines.
PE investors agree $8.7b take-private of China's 58.com
58.com, China’s leading online classifieds marketplace, has agreed to be acquired by a consortium of private equity investors at an implied equity valuation of $8.7 billion.
India's VC-backed Postman raises $150m Series C
Postman, a software development tool creator with operations in India and the US, has raised a $150 million Series C round led by Insight Partners.