Region
Chinese industrial e-commerce platform gets $160m Series D
Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products, has raised $160 million in a Series D round of funding led by Tencent Holdings.
Catalys seeks $100m for Japan healthcare VC fund
Newly established Japanese venture capital firm Catalys Pacific has launched its debut fund with a view to raise $100 million for investments in early-stage life science start-ups globally.
B Capital, Falcon Edge lead $72m round for India's Bounce
Indian scooter rental start-up Bounce, formerly known as Metro Bikes, has raised a $72 million Series C round led by B Capital and Falcon Edge Capital.
Panasonic, VCs back Series B for Japan robotics player
Panasonic Corporation has joined a group of Japanese venture capital firms in a JPY900 million ($8.3 million) Series B round for local industrial robotics systems developer Linkwiz.
Oriental Fortune agrees $173m China auto parts deal
Chinese mid-market private equity firm Oriental Fortune Capital has agreed to acquire a controlling interest in Changzhou NRB Corporation, a domestic auto components manufacturer, for RMB1.2 billion ($173 million).
Fund focus: Advent leverages global muscle in Asia
Advent International has up to $3 billion to deploy in Asia following its recent global fundraise. It has increased headcount to widen sector coverage
Ascendent backs $197m take-private for China Automation
Ascendent Capital Partners has joined Xuan Ruiguo, the chairman and founder of Hong Kong-listed industrial control systems maker China Automation Group, in a take-private offer that values the company at HK$1.5 billion ($197 million).
Australia's Leap Capital raises $34m venture debt fund
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
PE-backed Hansoh Pharma completes $1b Hong Kong IPO
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
Baring-owned Hexaware announces $182m US bolt-on
Hexaware Technologies, an Indian IT services company majority-owned by Baring Private Equity Asia, has acquired US-based digital consultancy firm Mobiquity for a total consideration of $182 million.
Vietnam: Entrepreneurial instincts
Vietnam’s private sector is rich in opportunity and many people have ambitions of building the next Mobile World. But engagement between entrepreneurs and private equity doesn’t always run smooth
Asia Partners raises $70m for SE Asia growth deals - update
Asia Partners, a Singapore-based VC firm co-founded by Nick Nash, the former group president of mobile internet and gaming platform Sea, has raised more than $70 million for its debut fund, which will invest in Southeast Asian technology companies at...
Australia's NAB Ventures exits Wave Financial in $400m deal
NAB Ventures, a unit of National Australia Bank (NAB), is set for its debut exit via a deal that will see US tax services giant H&R Block acquire Canada’s Wave Financial for about $400 million.
CLSA backs Series B extension for Korea's PeopleFund
Lending Ark Asia, a private credit division of CLSA Capital Partners, has led a $35 million extension to a Series B round for South Korean lending marketplace PeopleFund.
Advantage buys Japanese niche education businesses
Advantage Partners has acquired two Japan-based education assets – vocational training provider Abitus and Tokyo Central Japanese Language School (TCJ).
PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$9.75 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
Q&A: TriLinc Global's Paul Sanford
Paul Sanford, CIO of credit-focused impact investment firm TriLinc Global, explains why Southeast Asia has proved a challenging market and how he is preparing for a spike in institutional investor interest
HSBC launches $880m GBA tech fund
HSBC has launched an $880 million fund to provide debt financing for early-stage technology companies leveraging China’s Greater Bay Area (GBA) development initiative.
KKR to sell Korean battery components maker for $1b
KKR is set for the first exit from its third Asian fund, having agreed to sell Korean copper foils manufacturer KCF Technologies to an affiliate of SK Group for KRW1.2 trillion ($1 billion).
Korea's Crescendo invests $50m in Qxpress
Qxpress, the logistics subsidiary of Southeast Asian e-commerce platform Qoo10, has raised $50 million from Korean private equity firm Crescendo Equity Partners.
India grocery platform raises $13m
Indian online food and grocery wholesale platform Jumbotail has raised more than INR900 million ($13 million) in a Series B round led by Canadian venture capital firm Heron Rock Fund.
Boyu leads round for Chinese health insurance platform
Waterdrop, a Chinese online health insurance platform that runs mutual aid programs and provides brokerage services, has raised RMB1 billion ($145 million) in Series C funding led by Boyu Capital.
Deal focus: NoBroker eases India's property pain points
Beenext re-upped in NoBroker - supporting a Series C round led by General Atlantic - because it believes the company's deep industry knowledge is a differentiator in India's online property brokerage space
PE-backed Fang.com spins out China property analytics business
Private equity-backed online real estate portal Fang.com has spun-out its property analytics and benchmarking system in what its CEO Yu Huang described as the first direct public offering (DPO) by a Chinese company in the US.