Regions
Merck launches China seed fund
Germany-based life sciences and healthcare technology giant Merck has launched a RMB100 million ($14.1 million) seed fund targeting Chinese start-ups.
Chinese healthcare software provider raises $212m
Taimei Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs) has raised RMB1.5 billion ($212 million) through an extended Series E round of funding.
China's Qutoutiao raises $100m for e-book app
CMC Capital Partners has led a $100 million Series B round of funding round for Midu, an e-book platform operated by Chinese news aggregator Qutoutiao.
Deal focus: Navis pursues durian farm modernization
Nearly $100 million has been earmarked for the development of upstream farming and downstream processing so that Chinese buyers can have faith in Malaysia's durian suppliers
PE-owned Latitude cancels Australia IPO
Australia and New Zealand consumer lending business Latitude Financial has abandoned plans for an IPO that would have facilitated partial exits for its private equity owners.
Kejora, InterVest lead $30m Series B for Malaysia's Aerodyne
Indonesia’s Kejora Ventures and Korea’s InterVest have jointly led a $30 million Series B investment in Malaysian drone technology supplier Aerodyne.
India's MyGate gets $56m Series B
Tencent Holdings, JS Capital, Tiger Global Management, and Prime Venture Partners have provided a $56 million Series B round to India’s MyGate, a security app for gated communities.
Cornell Capital completes first Asian investment
US-based mid-market buyout firm Cornell Capital has made its first investment in Asia with a commitment to Taiwan-headquartered cable manufacturer Lorom Holding.
Foreign divestments drive China deal flow - M&A Forum
Divestments by multinationals are expected to remain a key theme in China M&A as companies consider whether they still want direct exposure to a market in which growth is slowing and the competitive environment is increasingly complex.
LP interview: AustralianSuper
Internalizing management is a priority for AustralianSuper across all asset classes. In private equity, this means forging relationships with a concentrated pool of managers and pursuing co-investment
China's MSA receives VC fund commitment from Al Waha
China-based MSA Capital, also known as MagicStone Alternative Investments, has confirmed that Middle Eastern investor Al Waha has made an LP commitment to its second venture capital fund.
Chinese renovation materials trading platform raises $18m
Little Bear, a Shanghai-based B2B platform that matches buyers with suppliers of renovation materials, has raised RMB130 million ($18 million) led by Immensus Capital, with participation from Matrix Partners China and Yunqi Capital.
Indonesia’s Alodokter gets $33m Series C
Indonesian insurer Sequis Life has led a $33 million Series C round of funding for Alodokter, a local super app operator that connects patients with doctors and healthcare information.
Australia’s Canva raises $85m at $3.2b valuation
Australia’s Canva has raised an $85 million growth round led by Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values the graphic design start-up at $3.2 billion.
Legend joins $70m round for China pet food producer
Gambol, a Chinese pet food producer has secured a RMB500 million ($70 million) Series B from Legend Capital and Industrial Bank.
Chinese cosmetic surgery business seeks $32.5m in US IPO
Aesthetic Medical International Holdings, a Chinese cosmetic surgery chain that failed to get traction with a Hong Kong IPO four years ago, has filed to list in the US. Its private equity backers include IDG Capital and ADV Partners.
HarbourVest boosts Australia, New Zealand IR coverage
HarbourVest Partners has appointed Warwick Mancini as a principal with responsibility for investor relations in Australia and New Zealand.
China apartment rental platforms: Illogical letting
Qingke, a Chinese long-term apartment rental operator, is looking to go public at a time when many of its peers are going out of business. Pursuing scale at the expense of sustainability is the core problem
Chinese medical SaaS platform raises $14m Series B
Mingyi Zhonghe, a software-as-a-service (SaaS) platform serving China’s rural clinics, has secured a RMB100 million ($14 million) Series B round led by Sinovation Ventures. Existing investor Yijing Capital re-upped.
Permira closes seventh global PE fund at $12b
Permira has reached a final close on its seventh global private equity buyout fund at the hard cap of EUR11 billion ($12.1 billion).
Australia's BGH completes cybersecurity roll-up
BGH Capital is looking to bring scale, capital and cross-selling opportunities to the still fragmented cybersecurity space in Australia and New Zealand
Indonesia advertising tech supplier gets $5.5m
East Ventures and Sinar Mas Digital Ventures (SMDV) have co-led a $5.5 million Series A round for StickEarn, an Indonesian advertising technology supplier.
Deal focus: Events focus delivers Affinity 2.6x return on TEG
Building a meaningful events promotion business was an early priority for Affinity Equity during its ownership of Australian ticketing player TEG. This transformation paved the way to a lucrative exit
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines