Regions
Qiming leads $21m Series C for Chinese lingerie brand
Neiwai, a Chinese lingerie brand, has achieved a valuation of more than RMB1 billion ($142 million) following a RMB150 million Series C round led by Qiming Venture Partners.
Goldman leads $62m Series D for China's Fountain Medical
Fountain Medical Development, a China-based contract research organization (CRO) that serves a global client base of drug developers, has received $62 million in Series D funding led by Goldman Sachs.
China-US PE: Reverse princeling
When a US presidential candidate’s son with Chinese private equity connections stirs up accusations of impropriety, the questionable merits of princeling funds appear more muddled than ever
L’Oréal makes LP commitment to Cathay VC fund
L’Oréal will support the second fund being raised by Cathay Innovation, the VC affiliate of Cathay Capital Private Equity. The company wants to build ties to the beauty tech start-up ecosystem in China, its second-largest market.
Deal focus: Cornell picks Lorom for Asia debut
Cornell Capital, a US-based mid-market buyout firm, is starting to realize its Asian ambitions with an investment in Taiwan-based industrial supplier Lorom Holding. Bolt-on expansions appear likely
Japan's J-Star forms media platform with three acquisitions
Japanese private equity firm J-Star has acquired three local internet media companies with a view to bundling them into an acquisition platform for the sector.
CDC backs Nepalese internet service provider
CDC Group has made its first equity investment in Nepal with a NPR1.35 billion ($12 million) commitment to WorldLink, the country’s largest private sector internet service provider.
China AI chatbot developer raises $45m
Emotibot, a Chinese provider of computer vision and emotional recognition solutions to e-commerce platforms, financial institutions, and call center operators, has raised $45 million in an extended Series B round of funding.
Huaxing, Hillhouse lead $50m round for China's Hetao 101
Hetao 101, a Chinese online education platform dedicated to computer programming for children, has raised $50 million in Series B funding.
Chinese online-offline retailer KK Group achieves unicorn status
Chinese retailer KK Group - formerly known as KK Guan - has raised a $100 million Series D led by an Alibaba Group-backed fund. N5 Capital, Matrix Partners China and Black Algae Capital all re-upped.
Advantage seeks $690m for sixth Japan buyout fund
Advantage Partners is looking to raise around JPY75 billion ($690 million) for its sixth Japan-focused middle-market buyout fund, up from JPY60 billion in the previous vintage.
ARQ Capital backs Philippines dialysis business
ARQ Capital, a Philippines-based GP focused on the local small to medium-sized enterprise (SME) sector, has invested an undisclosed sum in dialysis clinic operator Medline.
Portfolio: China Everbright and Terminus
China Everbright has turned a sub-scale consumer-facing smart door lock manufacturer into an internet-of-things platform catering to enterprise customers. Terminus is now building out its product base
Chinese enterprise software player Ekuaibao receives $50m
Ekuaibao, a Chinese software-as-a-service (SaaS) provider specializing in corporate reimbursements, has raised $50 million in an extended Series C round.
Japan succession planning: The generation game
By selling a stake in the GP, Advantage Partners has broken new ground in Japanese private equity. The move is designed to facilitate ownership transition, accumulate balance sheet capital
Australia's AirTree closes third fund at $188m
Australia’s AirTree Ventures has closed its third fund at A$275 million ($188 million) with substantial contributions from local superannuation funds.
PropertyGuru abandons Australia IPO
Private equity-backed Southeast Asian online real estate portal PropertyGuru has decided not to proceed with its A$380 million ($256 million) IPO in Australia, citing market uncertainty.
Ex-Qiming managing partner raises $352m for debut China fund
Ince Capital Partners, a Chinese consumer internet-focused venture capital firm established by former Qiming Venture Partners executive J.P. Gan, has closed its debut fund at the hard cap of $351.9 million.
PE-backed ESR relaunches Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has relaunched a Hong Kong IPO that was pulled in June amidst unrest in Hong Kong and concerns about the valuation.
Go-Jek founder accepts Indonesian government role
Nadiem Makarim, co-founder and CEO of Indonesia’s Go-Jek, has stepped down from his duties at the ride-hailing and online services platform to assume a high-level government position.
Alibaba-backed positioning service provider raises $141m Series A
Qianxun Spacial Intelligence or Qianxun SI, a high-precision positioning services provider, has raised RMB1 billion ($141 million) in a Series A funding round, taking its valuation past RMB13 billion.
Australia's Athena Home Loans gets $48m Series C
Australian financial technology start-up Athena Home Loans has raised A$70 million ($48 million) in Series C funding from a group of investors led by AustralianSuper.
Investors uncertain on Hong Kong's future as financial hub - M&A Forum
Recent unrest in Hong Kong has harmed the territory’s economy, but industry participants are unsure whether its status as a financial center is under threat, given the scale of the existing infrastructure.
Deal focus: Fast fashion strategy pays off for Worldtool
CLSA Capital Partners backed Japan's Worldtool having been won over by a Uniqlo-inspired business model. It turned into a domestic and overseas expansion story