Region
Macquarie platform invests $39m in India's CleanMax
CleanMax Solar, an Indian solar power developer with several PE backers, has raised INR2.75 billion ($39 million) from UK Climate Investments (UKCI), a renewable energy investment platform managed by Macquarie Infrastructure and Real Assets.
Singapore biomaterials player gets $22m
RWDC Industries, a Singapore-based materials developer focused on biodegradable plastics, has raised $22 million from a group of investors including Vickers Venture Partners.
Tencent leads Series C in app for Chinese senior citizens
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.
Chinese car trading platform Yiauto raises $22m
China-based Yiauto, a car trading service provider that targets customers living in lower-tier cities, has raised RMB150 million ($22 million) across two tranches of a Series A round.
VC-backed game live-streaming platform files for US IPO
Douyu International Holdings, a Chinese live-streaming platform that provides coverage of online gaming, has announced plans for a US listing. The company’s investors include Sequoia Capital China and Tencent Holdings.
Blackstone to acquire India's Essel Propack
The Blackstone Group has agreed to acquire a majority stake in Indian packaging company Essel Propack (EPL) in a deal that could see the private equity firm pay as much as INR32.1 billion ($461 million).
Indonesia's HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
ADIA, NIIF invest in airport business of India's GVK
Abu Dhabi Investment Authority (ADIA) and India’s National Investment & Infrastructure Fund (NIIF) have agreed to acquire a 49% stake in the airport businesses of India’s GVK Power & Infrastructure.
PE-backed Luckin Coffee files for US IPO
Luckin Coffee, China’s second largest coffee shop chain, which counts Centurium Capital and Joy Capital among its private equity investors, has filed to list in the US.
Warburg Pincus leads Series D for China's Gaosi Education
Gaosi Education, which provides tutoring services to schools and other educational institutions in China, has raised $140 million in Series D funding led by Warburg Pincus.
China fintech in Indonesia: Uncertainty bites
Indonesia’s fintech space represents an attractive market for Chinese start-ups looking to go cross-border. However, their reputation has been soured by misbehaving P2P lending platforms
Globis raises $321m for Japan VC fund
Japanese venture capital firm Globis Capital Partners has raised JPY36 billion ($321 million) for its sixth fund. The overall target of JPY37.5 billion is expected to be reached by June.
TPG backs European jewelry brand with strong China focus
A TPG Capital-led consortium will acquire a 30% stake in APM Monaco, a jewelry brand that was established in Europe nearly 40 years ago and now has its largest retail footprint in China.
Malaysia's RHL Ventures launches SME fund
RHL Ventures has launched a MYR100 million ($24.2 million) fund focused on small to medium-sized enterprises (SME) with a cornerstone investment from government-owned SME Corp Malaysia.
BlackRock leads $150m round in China's Luckin Coffee
Chinese coffee shop chain Luckin Coffee has raised $150 million in an extended Series B round at a valuation of $2.9 billion. It was led by BlackRock, which committed $125 million to the deal.
Q&A: Creador's Stefanus Hadiwidjaja
Stefanus Hadiwidjaja, an Indonesia-based managing director with Southeast Asia private equity firm Creador, discusses deal sourcing, entrepreneur engagement, and cross-border expansion strategies
I Squared exits India's Amplus
Petroliam Nasional (Petronas), Malaysia’s state-run oil and gas company, has agreed to acquire Amplus Energy Solutions, an Indian solar power developer backed by I Squared Capital.
Gaw Capital backs Chinese restaurant services platform
China-based Candao, which helps restaurants manage their online food delivery businesses, has raised RMB100 million ($14.9 million) in a Series A round led by Hong Kong-based Gaw Capital Partners and Beyond Ventures.
China early-stage investment round-up
Venture capital deals involving Pantera Capital, Third Rock Ventures, Hillhouse Capital, XVC, Angel Plus, SIG, Maxim Capital, Panda Capital, Baidu Ventures, and Matrix Partners China
Monk's Hill appoints two Southeast Asia partners
Singapore-based Monk’s Hill Ventures has appointed Michele Daoud (pictured) and Justin Nguyen as partners to expand deal sourcing capacity and portfolio support across Southeast Asia.
Indonesia exits: Unmet expectations?
Indonesia has become a source of frustration for LPs that want to see more exits. A weak currency, slower growth and rising competition aren’t helping GPs as they seek to deliver the required returns
Indonesia infrastructure: Forging frameworks
Indonesia has set the stage for more private sector involvement in a government-dominated and desperately underdeveloped infrastructure space. A range of intangibles could impede the integration
DCP closes debut China fund at $2.5b
DCP Capital – a PE firm established by David Liu (pictured) and Julian Wolhardt, who previously held leadership positions with KKR in China – has closed its debut fund with around $2.5 billion in commitments. It comprises a US dollar-denominated tranche...
Chinese new energy vehicle maker Enovate raises $298m
China-based Enovate, which designs and produces new energy-powered vehicles, has raised RMB2 billion ($298 million) in a Series A round.