Region
Temasek commits $400m to India's NIIF
Temasek Holdings has agreed to invest up to $400 million in India’s National Investment Infrastructure Fund (NIIF).
Accel-KKR backs New Zealand's Seequent
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has made a growth-stage investment of undisclosed size in New Zealand data visualization software provider Seequent.
Deal focus: Oceanpine sees value amidst traffic
Shansong has received $60 million in an initial tranche of Series D funding as it seeks to outgrow the competition in China's courier services market
Singapore's GreyOrange gets $140m Series C
GreyOrange Robotics, a developer of robotic e-commerce logistics systems, has raised $140 million in Series C funding - said to be the largest-ever round in the industrial robotics space.
Tencent, Goldman join $450m round for China's Miss Fresh
Miss Fresh, a Chinese e-commerce platform specializing in fresh produce, has raised a $450 million round co-led by Tencent Holdings, Goldman Sachs, Jeneration Capital, and US-based Davis Selected Advisers.
Finch secures 2.7x return on Indonesia's Cermati
Early-stage technology investor Finch Capital has sold its minority stake in Indonesian financial technology developer Cermati to local conglomerate The Djarum Group, realizing a 2.7x return on capital in its first exit in Indonesia.
Sequoia joins $20m Series B for Malaysia's Fave
Sequoia Capital India has joined a $20 million Series B funding round for Fave, a Malaysia-based online-to-offline (O2O) platform operator that covers a range of consumer categories across Southeast Asia.
Meituan-Dianping targets $4.4b IPO, promises domestic focus
Meituan-Dianping, China’s leading online-to-offline (O2O) lifestyle services platform, is looking to raise up to HK$34.6 billion ($4.4 billion) in its Hong Kong IPO, while emphasizing that it will focus on its core domestic business rather than pushing...
PAG terminates Home Credit investment
PAG Asia Capital has ended its partnership with Home Credit, which was agreed last year and intended to help the Czech Republic-based consumer loans company expand in China.
SPACs: Beneficiaries of the bull run
Special purpose acquisition companies, or SPACs, are staging a modest comeback in Asia on the back of a resurgence in the US. These structures offer considerable upside, but they aren’t for everyone
Deal focus: Värde wants a piece of India's $200b problem
Värde is tackling what it sees as a massive opportunity set in the Indian distress market by partnering up with local investor Aditya Birla Capital
I Squared raises $7b for global infrastructure fund
I Squared Capital, an infrastructure-focused private equity firm, has closed its second global fund at the hard cap of $7 billion.
Baidu Video secures $100m Series B round
Baidu Video, a Chinese video search and content aggregation platform, has raised $100 million in Series B funding led by Baidu with participation from Jadex Capital, Houze Ruyi and Gfund Management.
MBK to sell stake in Korean life insurer for $2b
MBK Partners is set for a full exit from ING Life Korea – now known as Orange Life Insurance – after agreeing to sell its majority stake to Shinhan Financial Group for KRW2.29 trillion ($2.04 billion).
TPG Growth names India, Southeast Asia head
Shailesh Rao (pictured), a former executive at Twitter and Google, has been named head of India and Southeast Asia for TPG Growth, the middle market investment platform of TPG Capital.
Sequoia, CMC fund invests in China's iQiyi Sports
China Sports Capital – a joint venture between Sequoia Capital China and CMC Capital Partners – has invested RMB300 million ($43.8 million) in iQiyi Sports, an online sports media platform.
Australia's NAB commits $36m to VC fund
National Australia Bank (NAB), has committed an additional A$50 million ($36 million) to its venture capital unit for investments in financial technology companies through 2020.
Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
LP interview: Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank has moved fast to forge a name for itself as a champion of often ignored developing markets. As private sector activity ramps up, long-term plans are coming into focus
Orchid, TPG-backed Duiba files for Hong Kong IPO
Duiba, a Chinese enterprise services company in which Orchid Asia and TPG Capital recently invested $110 million, has filed for a Hong Kong listing.
Orchid leads $70m Series E for China's SoYoung
SoYoung, a Chinese online marketplace focusing on cosmetic surgery, has raised $70 million in Series E funding led by Orchid Asia. There was additional participation from Matrix Partners China, BOC International, and the Russia-China Investment Fund (RCIF)....
China's Jianke raises $130m Series B
Chinese online pharmacy operator Jianke has closed a $130 million Series B funding round led by healthcare-focused GTJA Investment Group.
Deal focus: Xponentia takes delivery of maiden deal
Xponentia Fund Partners, which was established by three former colleagues from CVCI, has teamed up with Samara to acquire Spoton with a view to creating a true national-level player in Indian logistics
True North's Nirula joins Carlyle Asia PE team
Vikram Nirula, a co-founder of Indian PE firm True North, has joined The Carlyle Group as a managing director responsible for private equity. He will be based in Mumbai and advise on Carlyle’s investment activities in India.