EQT’s $1.67 billion acquisition of Icon Group underscores the recent trend in large-cap buyouts, as well as the long-term growth potential for cancer care specialists in Australia and the wider Asian region
H3 Dynamics is bringing hydrogen-powered delivery drones to Asia’s crammed megacities as a steppingstone to a cleaner aviation sector. This is a sweet spot for Hong Kong’s Audacy Ventures
High valuations, pursuing complexity, and eradicating write-offs were on the agenda when Marc Rowan, co-founder and CEO of Apollo Global Management, spoke at the AVCJ Forum. Here are some highlights
Regulatory uncertainty overshadowing China's technology sector is a temporary phenomenon, investors told the AVCJ Private Equity & Venture Forum, while noting that targeting areas favored by the government remains a safe play.
Five V Capital, a growth-oriented investor in Australia and New Zealand, has achieved a first and final close on its fourth fund with more than A$550 million ($398 million) in commitments.
Singapore’s Pace Enterprise, a one-year-old start-up in the fast-growing buy-now-pay-later (BNPL) financial services niche, has raised a $40 million Series A round from a pan-Asian mix of VC firms.
SoftBank Vision Fund has promoted Sumer Juneja, who heads up its India investments, and Dennis Chang, a China-focused partner, to managing partner level.
Ambilight, a China-based new materials company focused on electrochromic (EC) components, has raised several hundred million dollars in Series C funding led by Warburg Pincus.
Velocity, an Indian start-up that provides growth capital to e-commerce brands, has raised a $20 million Series A round led by Valar Ventures, a firm set up by PayPal co-founder Peter Thiel.
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
The Carlyle Group has acquired A Twosome Place, a Korea-based café operator with more than 1,400 stores nationwide, from Anchor Equity Partners.
Indian digital payments platform Paytm completed the country’s largest-ever IPO – raising INR183 billion ($2.47 billion) – but then saw its stock fall 27% on debut.
Hong Kong-based cross-border payments provider Airwallex has received a $100 million Series E extension led by Lone Pine Capital at a valuation of $5.5 billion.
Singapore-based early-stage venture capital firm Leo Capital has launched its third fund focused on India and Southeast Asia with a target of $125 million.
Regulatory uncertainty in China has encouraged local technology companies to go global rather than rely on a single market, the AVCJ Private Equity & Venture Forum heard.
Xiaomi Industrial Investment Fund, a vehicle controlled by smart devices brand Xiaomi, has invested $70 million in Hesai Technology, a China-based developer of sensors used in autonomous driving.
Allegro Funds, an Australia-based turnaround specialist, has reached a first close of A$600 million ($449 million) on its fourth fund, hitting the overall target for the vehicle.
MBK Partners has agreed to sell Japan-based golf course operator Accordia Golf, which it acquired in 2017 via a tender offer, to Fortress Investment Group.
Indonesia-based Kejora Capital and Malaysian conglomerate Sunway Group have established a $25 million VC fund focused on early-stage start-ups in Malaysia.
COVID-19 has reinforced the argument for developing sectoral expertise that spans geographies, industry leaders told the AVCJ Private Equity & Venture Forum.
A consortium led by Ascendent Capital Partners has abandoned its planned $230.6 million take-private of Tarena International, a China-based provider of adult professional and K-12 education services.
Indonesian B2B e-commerce player Ula has extended its Series B round to $110 million with a $23.1 million investment from Tiger Global Management and Binny Bansal, co-founder of Flipkart.
Bits x Bites, a Chinese VC firm focused on agriculture and food technology such as alternative protein, has closed its second fund at $100 million, beating a target of $70 million.
Apollo Global Management’s yield and hybrid businesses – rather than private equity – are likely to account for the bulk of its activity in Asia, with Marc Rowan, the firm’s co-founder and CEO, saying he has no desire to “add to the growing...