Regions
EQT to buy Australian cloud services provider
EQT has agreed to acquire a controlling stake in Australia-based managed IT services provider Nexon Asia Pacific for an undisclosed amount.
Japan's Coral Capital names new partner
Coral Capital, formerly 500 Startups Japan, has named Google Japan’s head of start-ups and strategic relations Ken Nishimura (pictured) as a partner and chief editor.
SCPE spinout Affirma completes first deal as an independent
Affirma Capital, a PE firm launched last year as a spin-out of Standard Chartered’s private equity business, has completed its first transaction as an independent firm with a $50 million investment in Indian supplements maker Tirupati Medicare.
LP interview: Media Super
Media Super has distinguished itself among larger competitors in Australia by maintaining substantial exposure to alternatives. PE is fading from the allocation mix but VC beckons
XIO Group agrees JD Power sale to Thoma Bravo
XIO Group, a cross-border PE firm established by several Asia-based investment professionals, has agreed to sell market research business J.D. Power to technology-focused GP Thoma Bravo.
China equipment rental player gets $167m in equity, debt funding
Zhongneng United, a Chinese construction equipment supplier specializing in aerial work platforms, has raised RMB150 million ($22 million) in equity funding as an extension to its Series B round and secured an additional RMB1 billion in bank financing.
Blackstone invests $79m in India's FLF
The Blackstone Group has invested INR5.4 billion in India-listed integration retailer Future Lifestyle Fashions (FLF) through an open market transaction.
Kaizen commits $10m to Vietnam's Yola
Indian education-focused GP Kaizen Private Equity has made its first investment in Vietnam, committing $10 million to English training company Yola.
Japan middle market: Going local
Private equity firms looking for an edge in Japan’s middle market are leveraging relationships with brokers and banks – including LPs in their funds – to access company founders in the hinterlands
India IPOs: Long-term horizons
Indian PE and VC investors expect domestic and overseas public markets to become increasingly attractive exit avenues for their portfolio companies as the global macroeconomic volatility dissipates
TPG, Fosun sell China hospital business to Antony Leung's SPAC
TPG Capital and Fosun Pharma have agreed a $1.3 billion deal that will see Chinese hospital operator United Family Healthcare (UFH) absorbed by a special purpose acquisition company (SPAC) established by Antony Leung, formerly Greater China chairman at...
Ascendent reaches $700m first close on third China fund
Ascendent Capital Partners has reached a first close of approximately $700 million on its third China fund, which will follow the existing strategy of building a relatively concentrated portfolio of minority and control investments.
Singapore hotel platform RedDoorz gets $45m Series B
Singapore-based hotel management and booking platform RedDoorz has raised $45 million in a Series B round led by China’s Qiming Venture Partners.
Alteria closes debut India venture debt fund at $140m
Alteria Capital, an Indian venture debt firm established by InnoVen Capital co-founders Ajay Hattangdi and Vinod Murali, has closed its debut fund at INR9.6 billion ($140 million), beating the INR8 billion target.
Norwest leads $40m Series C for India's MindTickle
Norwest Venture Partners has led a $40 million Series C round for MindTickle, an online sales enablement platform based in India and the US.
China Renaissance collects $943m for renminbi fund
China Renaissance has closed the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm with more than RMB6.5 billion ($943 million) in commitments.
China consumer: The low road
Pinduoduo's success in bringing e-commerce to China's lower-tier cities has inspired a host of other start-ups to do the same, but they must be mindful of broader consumer trends
Deal focus: Allegro secures stake in Australia radiology business
The doctors who own and operate Perth Radiologic Clinic know Allegro Funds from their time as a subsidiary of I-Med Networks. This familiarity helped the Australian GP secure one of its largest-ever deals
Gates Foundation, global insurers back Indonesia's Halodoc
The Bill & Melinda Gates Foundation has made a rare direct investment in Southeast Asia, participating in an extended Series B round for Indonesian healthcare technology provider Halodoc.
Japan space tech start-up raises $100m
Synspective, a Japan-based satellite developer and orbital data services provider, has raised $100 million in a Series A round with participation from a group including SBI Investment.
SAIF exits as PepsiCo invests $130m in Chinese food distributor
Pepsico has agreed to invest HK$1.02 billion ($130 million) in Natural Food International, a Hong Kong-listed health food distributor, providing a full exit for SAIF Partners.
Aion to invest $44m in India's Future Lifestyle
Aion Capital Partners has agreed to invest INR3 billion ($43.5 million) in India-listed integrated fashion retailer Future Lifestyle Fashions (FLF).
China’s SAIC Capital closes $145m auto industry fund
SAIC Capital, an investment manager controlled by Chinese automaker SAIC Motor, has raised a RMB1 billion ($145 million) fund that will target deals throughout the automotive industry supply chain.
Deal focus: Smartly plans pan-SE Asia robo advisory
Keir Veskivali defied the odds to introduce robo advisory services for retail investors to Singapore. Now he brought in VinaCapital to help take the business global