Regions
Fund focus: China's 01VC pursues industrial upgrade strategy
01VC has secured institutional LP support for its second fund, which closed at $100 million. The early-stage investor plans to deploy it across industrial and enterprise deals in China and Southeast Asia
Singapore's RedDoorz raises $70m
Singapore hotel management and booking platform RedDoorz has raised $70 million in Series C funding less than a month after closing a $45 million Series B.
Australia's PE-backed LBNCo acquired by strategic player
LBNCo, an Australian fiber optic network provider acquired last year by a consortium led by ROC Partners, will be sold to industry peer Uniti Wireless for A$100 million ($67.7 million).
J-Star exits Japanese auto industry supplier
J-Star has sold Tokai Trim, a Japanese manufacturer of seat covers for cars and motorcycles, to domestic hotel chain operator Rembrandt Holdings.
PEP to acquire APAC business of US-based Horizon
Australia’s Private Equity Partners (PEP) has agreed to pay A$340 million ($230 million) for the Asia Pacific division of US automotive industry equipment supplier Horizon Global.
China's CHJ Automotive gets $530m Series C
Chinese electric vehicle manufacturer CHJ Automotive has raised $530 million in Series C funding led by Xing Wang, founder of online-to-offline services platform Meituan Dianping.
Bain to acquire Kantar Australia division for $114m
Bain Capital has agreed to buy the Australia and New Zealand businesses of market research and consulting company Kantar from the local branch of UK-based media conglomerate WPP Group for A$168 million ($114 million).
Deal focus: Longreach secures swift return from Japan's NOC
The Longreach Group exits Nippon Outsourcing Corporation with a 2.7x return after strong domestic interest in Japan's demographics-driven BPO industry led to a shorter-than-expected holding period
Japan's VC-backed Chatwork files for IPO
Chatwork, a Japan-based business chat platform developer, has filed for an IPO in Tokyo that will provide an exit to several of its venture capital backers.
Chiratae backs Indian robotics developer Miko
Chiratae Ventures has led a $7.5 million Series A round for Miko, an India-based developer of robots for children.
VinaCapital invests in Vietnam logistics tech start-up
The venture capital arm of Vietnam’s VinaCapital has invested an undisclosed sum in local logistics technology start-up An Vui.
Twitter leads $100m round for India's ShareChat
Twitter has led a $100 million round for Indian social networking platform ShareChat with support from private equity investor Trustbridge Partners.
Korean biotech player gets $137m Series B
D&D Pharmatech, a South Korean biotechnology company, has raised a $137 million Series B round from a group of Korean and US investors.
WeWork IPO reveals extent of global scaling risk
WeWork, a US co-working space provider pursuing an aggressive Asia expansion with the backing of several PE investors, revealed a number of risks associated with rapid global growth in a filing for its US IPO.
GIC to invest in China data centers
Singapore’s GIC Private has agreed to acquire an unspecified number of data centers in China through a partnership with specialist developer GDS Holdings.
KKR's China digital marketing platform gets expansion round
Cue, a China-focused digital marketing platform created last year by KKR, has raised its first round of expansion funding led by Anchor Equity Partners.
SSG targets wider array of distressed sellers for Fund V
SSG Capital Partners expects to source distressed assets from a wider variety of sellers – including other alternative investment firms and investment banks – during the life of its fifth Asia fund, which is on track to exceed its target of $1.5 billion.
Jade Invest part exits China's Latt Liv to JD.com
Jade Invest has confirmed a partial exit from Chinese lifestyle goods retailer Latt Liv, selling a “strategic stake” to e-commerce giant JD.com. Financial terms have not been disclosed.
Korea's Pavilion to pay $54m for firefighting business
Korea’s Pavilion Private Equity has agreed to acquire a controlling stake in domestic firefighting equipment maker Paratech for about KRW65 billion ($54 million).
India, US-based speech AI player Uniphore raises $51m
Asian VCs have backed a $51 million Series C round for Uniphore, an India and US-based artificial intelligence (AI) developer focused on speech recognition.
PE-backed CSB files for India IPO
CSB, an Indian private bank with several private equity backers, has filed for an IPO that is expected to raise at least INR300 million ($4.2 million). It is the first PE-backed IPO filing in more than nine months.
Sequoia, Matrix join $20m round for Chinese fintech player
Sequoia Capital China and Matrix Partners have joined a $20 million round for Chinese financial technology provider QFPay.
China's PE-backed Zhihu raises $434m Series F round
Zhihu, a Chinese question-and-answer platform, has raised a $434 million Series F round led by domestic search engine Baidu and short video site Beijing Kuaishou Technology.
Kotak closes India distressed asset fund at $1b
The Kotak Special Situations Fund, which is sponsored by an alternative assets arm of Kotak Mahindra Group focused on Indian non-performing loans (NPLs), has reached a final close of $1 billion.