Region
Fund focus: Patience pays for off for Movac
New Zealand VC firm Movac has exceeded expectations with its latest vintage, trading individuals and families for institutions, some of which are entering the asset class for the first time
Deal focus: Ace Turtle says so long to SaaS
Ace Turtle never wanted to be India’s answer to Amazon, but it has moved from software provider to supply chain coordinator while stepping back from international markets. Investors are not deterred
Profile: Mandala Capital's Uday Garg
Uday Garg realised an unlikely career arc from tennis to private equity with the establishment of India’s Mandala Capital. This was guided by a passion for achieving impact in food and agriculture
South by Southeast: Asia's next growth engine?
Grouping together markets based on growth and scale is a problematic with South Asia and Southeast Asia as it was with the BRIC economies. But to some extent, investors are buying into the story
Bosch backs China's AutoCore.ai
Bosch Ventures and Boyuan Capital - both investment units of Germany-headquartered engineering and technology giant Bosch Group - have joined a Series A extension for Chinese automotive systems software supplier AutoCore.ai.
India's Convergent invests $49m in Puma sportswear spinout
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has invested INR 4bn (USD 49m) in Agilitas Sports, a local spinout of German sportswear giant Puma.
Apax invests $450m in India's IBS Software, Blackstone exits
Apax Partners has agreed to pay USD 450m for a significant minority stake in India’s IBS Software, a travel and logistics industry supplier, enabling an exit for The Blackstone Group.
Hong Kong family office SPAC agrees $27bn merger with Vingroup EV unit
A special purpose acquisition vehicle (SPAC) launched by the family office of Lawrence Ho, son of Macau casino tycoon Stanley Ho, has agreed to merge with the electric vehicle (EV) unit of Vietnam’s Vingroup.
Japan's Dimension closes second VC fund on $75m
Dimension, a spinout of Japan’s Dream Incubator, has closed its second VC fund with JPY 10.1bn (USD 75m) in commitments.
Macquarie Capital acquires majority stake in India's CloudExtel
Macquarie Capital, the investment arm of Australia’s Macquarie Group, has acquired a 51% stake in Indian digital connectivity technology provider CloudExtel for about USD 100m.
China's Coherent Biopharma raises $100m
Chinese cancer-focused biotech developer Coherent Biopharma has raised about USD 100m in Series B funding featuring HM Capital.
KKR takes out Rakuten's stake in Japanese retailer Seiyu
KKR has increased its stake in Japanese supermarket operator Seiyu to 85%, having taken out a position held by local e-commerce giant Rakuten, which supported the private equity firm’s carve-out in 2020.
New Zealand's Movac raises $125m for Fund VI
New Zealand-based Movac has closed its sixth technology fund on NZD 202m (USD 125m) despite what Mark Vivian, a general partner at the venture capital firm, described as “the most challenging fundraising conditions I've experienced since the GFC [global...
Blackstone falls short in bid to delist India's R Systems
The Blackstone Group has failed to delist Indian IT provider R Systems due to insufficient interest from public shareholders six months after agreeing on a majority acquisition.
Global LPs steer clear of China - Mergermarket Forum
Geopolitical uncertainty is making global institutional investors increasingly risk-off on Asian private equity – and on China in particular – at a time when overallocation issues are already restraining the pace of commitments to the asset class.
China's Pudu Tech raises another tranche of Series C funding
Pudu Tech, a China-based manufacturer of service robots, has raised a fourth tranche of Series C funding amounting to several hundred million renminbi (CNY 100m equates to USD 14m) from local investor Yuedu Capital.
Singapore coffee chain raises $50m Series B
US-based VC firm White Star Capital has led a USD 50m Series B round for Singapore's Flash Coffee, an app-driven coffee chain.
Foundation secures secondary deal with India's Carpediem
Asia secondaries specialist Foundation Private Equity has acquired stakes in three portfolio companies held by India’s Carpediem Capital through the purchase of new and existing shares.
Singapore wine cleantech start-up raises $10m
Singapore’s EcoSpirits, a start-up focused on low-carbon technology for the wine industry, has raised a USD 10m Series A round led by US circular economy specialist Closed Loop Partners.
Bessemer pledges USD 1bn for global AI deals
Bessemer Venture Partners, a US-based early-stage investor currently expanding a longstanding presence in India, has earmarked USD 1bn for artificial intelligence (AI) start-ups globally.
Japan's Genesia closes Fund III on USD 110m
Japan’s Genesia Ventures, a seed-stage tech investor with a presence in Indonesia and Vietnam, has closed its third fund on USD 110m.
Fireside leads $40m Series B for India's Ripplr
Fireside Ventures has led a USD 40m Series B round for India-based distribution and logistics platform Ripplr. The round comprised USD 28m in equity funding and USD 12m in debt.
Stride hits first close on third India venture debt fund
India-based venture debt provider Stride Ventures has reached a first close of USD 100m on its third fund, which has an overall target of USD 200m.
