Region
Legend Capital hires PV Wang, ups fundraising ambitions
Chinese venture capital firm Legend Capital has appointed Asia PE industry veteran Piau-Voon Wang (pictured) as a managing director and COO as part of efforts to institutionalize operations and diversify its LP base.
Chinese state-owned entities launch $723m 5G fund
China’s state-owned Yangtze River Industry Fund and China Information Technologies Group have jointly launched a RMB5 billion ($723 million) fund with a focus on 5G technology.
Hillhouse-backed CRO Frontage raises $205m in HK IPO
Frontage Holdings, a China-based contract research organization (CRO), has raised HK$1.61 billion ($205.1 million) in its Hong Kong IPO, having received support from several private equity investors.
Singapore's EV Growth closes debut fund at $200m
Singapore-based EV Growth, a joint venture between East Ventures, Indonesia’s Sinar Mas Digital Ventures (SMDV) and Japan’s YJ Capital, has closed its first fund at $200 million.
Portfolio: Mekong and Pharmacity
Mekong Capital has spent the last two years helping Pharmacity bring Vietnam’s outdated retail pharmacy market into the modern age. Now the company is preparing to fend off a wave of copycats
Flipkart's Bansal leads $51m round for India EV player
Sachin Bansal, co-founder of Indian e-commerce giant Flipkart, has led a $51 million investment in local electric vehicle (EV) manufacturer Ather Energy.
China's Alphamab Oncology gets $60m Series B
Chinese biopharmaceutical developer Alphamab Oncology has completed a $60 million Series B round led by US and UK-based investor Hudson Bay Capital Management.
Openspace backs Indonesian agtech start-up
Openspace Ventures has led a $10 million Series A round for Indonesian agricultural technology start-up TaniGroup.
Guangdian, Fosun lead round for Chinese pet products player
China-based pet products producer Crazy Dog has raised RMB300 million ($43 million) in a Series B round of funding led by Guangdian Capital and Fosun International.
TPG, Warburg Pincus subscribe to Uxin convertible note
Uxin, a Chinese used car trading platform that went public last year, has raised $230 million through a convertible note issued to investors including Warburg Pincus and TPG Capital.
Deal focus: TPG vindicates India healthcare strategy
TPG Growth has stayed the course with a long-term plan based on confidence in a freshly assembled team at Indian cancer care provider CTSI. This has translated into a healthy exit
China start-ups: Overtime
China’s start-up ecosystem is conforming to global norms by championing demanding work schedules, but companies must still consider ways to keep their employees suitably motivated
EQT Infrastructure offers $2.6b for Australia's Vocus
EQT Infrastructure has offered to acquire all the shares in Australia-listed broadband internet provider Vocus Group in a deal that values the company at about A$3.3 billion ($2.3 billion).
China targets $8.7b for guidance fund to drive SOE reform
China Reform Holdings has supported the launch of a national guidance fund with a target of RMB60 billion ($8.7 billion) that will focus on state-owned enterprise (SOE) restructuring.
Hong Kong investors subscribe to movie crypto offering
Two Hong Kong investors will commit $100 million to a digital token offering by Proxima Media, a Hollywood production house established by Ryan Kavanaugh, who previously worked with SAIF Partners and IDG Capital on a China-focused film venture.
Japanese food tech start-up secures Series A round
Japan’s Base Food, a company that produces packaged meals that are said to be nutritionally complete, has raised JPY400 million ($3.7 million) in Series A funding from a group including Global Brain.
MBK to buy majority stake in Korea's Lotte Card for $1.2b
MBK Partners has agreed to assume majority control of the credit card business of South Korean conglomerate Lotte Corporation in a deal worth KRW1.38 trillion ($1.17 billion).
China-US trade: Opening gambit
Investors see short-term challenges in the ongoing China-US trade conflict, but longer-term opportunities are expected to emerge from the decoupling of the two economic giants
VC investors excited by Vietnam's tech talent - AVCJ Forum
Vietnam’s deepening pool of technology talent could be its biggest asset as the country evolves from a nascent start-up ecosystem to one capable of generating multiple unicorns.
China's New Horizon Health raises $66m Series C
China-based New Horizon Health, which produces home cancer test kits, has raised $66 million in a Series C round of funding led by VMS Group, a Hong Kong-based investment firm.
TPG-SoftBank fund backs Chinese SaaS platform
China-based Wangdiantong, a software-as-a-service (SaaS) platform provider for retailers, has raised over RMB100 million ($14.5 million) from a fund backed by TPG Capital and SoftBank Ventures Asia.
Adamantem makes $69m bid for Australia's Legend Corp
The board of Australian electrical products manufacturer Legend Corporation has endorsed a takeover bid from Adamantem Capital at an enterprise valuation of A$100.6 million ($69.7 million).
Affirma to buy Korean cosmetics manufacturer
Affirma Capital, a GP established through the spin-out of Standard Chartered’s private equity business, has agreed to acquire a controlling stake in South Korea-based Hwa Sung Cosmetics.
Chinese O2O language training provider files for US IPO
Meten International Education Group, a Chinese online-to-offline (O2O) English language training provider that mainly caters to adult students, has filed for a US IPO. DG Capital is the primary PE investor in the company.