Regions
Morgan Stanley's Matsuyama joins Carlyle Japan
The Carlyle Group has named Tomofumi Matsuyama (pictured), a former executive at Morgan Stanley, as a managing director of its Japan buyout team.
Golden Gate commits $18m to Malaysia
Singapore-based Golden Gate Ventures has committed to invest MYR75 million ($18 million) in Malaysian technology start-ups and opened a new office in the country.
India's PE-backed Coldex files for IPO
Indian cold chain logistics provider Coldex has filed for an IPO that will provide a partial exit to Asia Climate Partners (ACP), an investment vehicle backed by the Asian Development Bank (ADB), Orix Corp, and Robeco Institutional Asset Management.
Australia’s Future Fund loses private equity team - update
Three of the four most senior members of the private equity team at Australia’s Future Fund – including PE head Steve Byrom – have departed to set up their own consulting firm that will advise global institutional investors looking to build exposure...
Evolving India: Sophistication on demand
India's private equity market has reached a new level of maturity, and GPs must show they can keep pace with increasingly sophisticated entrepreneurs and LPs' expectations for returns
India fintech: Corporations act
Stakeholders foresee progress and problems as global strategic investors make their first bets in the Indian fintech space. There is little expectation of replicating the China story
China's 360 Enterprise Security raises $180m pre-Series B
Chinese B2B internet security services provider 360 Enterprise Security Group has raised RMB1.25 billion ($180 million) in a pre-Series B round of funding.
Australia's Mercury closes Fund III at $439m hard cap
Australian mid-market private equity firm Mercury Capital has closed its third fund at the hard cap of A$600 million ($439 million).
Hong Kong's Ion Pacific raises $30m for PE secondary fund
Hong Kong-based merchant bank Ion Pacific has raised $30 million for a technology fund that will acquire secondary positions in venture and growth funds as well as take direct stakes in portfolio companies.
VIG buys global Korean fried chicken franchise
VIG Partners has agreed to buy a 55% stake in Bonchon International, a Korean fried chicken restaurant brand with 325 outlets across eight countries. The size of the transaction was not disclosed.
MSPEA backs Indian NBFC Kogta Financial
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.54 billion ($22.1 million) investment in Indian non-banking finance company (NBFC) Kogta Financial.
L Catterton invests China fitness club operator
L Catterton Asia has invested an undisclosed amount in Will’s Group, a China-based operator of fitness facilities and services, to support its domestic expansion plans.
Taiwan loosens rules on PE investment by insurers
Taiwan’s Financial Supervisory Commision, which is responsible for the island’s securities markets, banking, and insurance sector, has increased the cap for Taiwanese insurers to invest in private equity.
India's VC-backed Drivezy raises $20m Series B
Drivezy, a vehicle sharing marketplace based in India, has raised a $20 million Series B round led by existing investor Das Capital, with participation by Japan’s Yamaha Motor Co.
Square Peg joins $81m Series B for Australia’s Deputy
Australia’s Square Peg Capital has joined an $81 million Series B funding round for domestic workforce management software provider Deputy.
Polaris to acquire Japan's O-Net from Rakuten
Polaris Capital has agreed to acquire Japanese online marriage services and event planning business O-net from e-commerce giant Rakuten for an undisclosed amount.
Korea's ACE Equity seals $356m tech manufacturing buyout
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has acquired Daeho Technology Korea (DTK), a manufacturer of glass used in smart phones, for KRW400 billion ($356 million).
ADM raises $178m for Asia secured lending fund
ADM Capital has closed its Asia Secured Lending Facility II (ASLF II) with $178 million for small and medium-sized enterprises (SMEs) in Asia.
China's WuXi NextCode closes $200m Series C
WuXi NextCode, a genome sequencing analysis business with ties to China-based contract research organization WuXi PharmaTech, has raised $200 million in a Series C round of funding from a consortium led by the Ireland Strategic Investment Fund (ISIF).
Crescent agrees $112m carve-out of Australia's Viridian Glass
Crescent Capital Partners has agreed to acquire Viridian Glass, a maker of float glass based in Australia and New Zealand, from building products manufacturer CSR for A$155 million ($112 million).
Cocoon launches $20m Southeast Asia VC fund
Singapore-based VC investor Cocoon Capital has launched its second early-stage fund with a target of $20 million.
Chinese AI player Aibee gets $60m Series A
China and US-based artificial intelligence (AI) solutions provider Aibee has raised $60 million in a Series A round of funding led by Sequoia Capital China and Red Star Macalline, a Hong Kong-listed furniture mall operator.
Asia fintech player Oriente raises $105m in seed funding
Oriente, a Hong Kong financial technology company backed by local investor BlackPine Private Equity, has raised $105 million in seed funding from a group of family offices.
Q&A: Tata Opportunities Fund's Paddy Sinha
Paddy Sinha, a managing partner with Tata Opportunities Fund, discusses macroeconomic and policy developments in India, the availability of buyouts, and the outlook for exits