Regions
Hyundai backs Series B for India's Revv
Hyundai Motor has led a $14.2 million Series B funding round for Revv, an Indian car rental start-up backed by Edelweiss Private Equity.
China PE: Exit issues
Chinese GPs appear to be reevaluating their exit options as a shifting landscape for local IPO and trade sale markets suggests economic concerns and increased scrutiny
China’s GL commits $12.5m to UK-listed healthtech platform
GL Capital, a healthcare-focused GP based in China, has invested GBP9.75 million ($12.5 million) in UK-listed health technology platform Oxford BioDynamics (OBD) as part of a larger partnership aimed at expansion in China.
Adamantem buys its second Australia horse feed business
Australian middle-market private equity firm Adamantem Capital has agreed to pay A$59.5 million ($43.2 million) for poultry producer Inghams Group’s Mitavite animal feed business. It is a bolt-on acquisition for horse feed producer Hygain Holdings.
CDH-backed Mabpharm files for Hong Kong IPO
Mabpharm, a China-based biopharmaceutical company backed by CDH Investments, has filed for an IPO in Hong Kong, the latest in a growing number of proposed listings under new rules that allow biotech companies with no revenue or profits to go public.
Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
Chinese fintech start-up Blackfish gets $50m
A group of VCs including Lightspeed Venture Partners has invested $50 million in Blackfish Technology, a Chinese financial technology start-up offering a range of retail banking services.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
China facilities management: Cleaning up
Private equity investors are turning their attention to China’s outsourced facilities management market, recognizing the opportunities presented by under-penetration and fragmentation
Deal focus: China baby boom market comes of age
Warburg Pincus has acquired Chinese mother-and-baby company Leyou, providing an exit for CDIB Capital and The Carlyle Group. The deal signals a rapid maturation process in the segment
Orchid, TPG lead $110m Series C for China's Duiba
Orchid Asia and TPG Capital have led a $110 million Series C round for Duiba, a Chinese enterprise services company that specializes in marketing and user engagement programs.
China’s Maimai gets $200m Series D
Maimai, a Chinese social networking app for professionals that is seen as the country’s equivalent to LinkedIn, has raised $200 million in Series D funding led by DST Global.
Deal focus: Vietnam’s Sendo embraces B2C
A number of Japanese investors are supporting Vietnamese C2C e-commerce player Sendo as it diversifies operations with a B2C marketplace and mobile payments platform
Autonomous vehicles: Driving ambition
Asia’s driverless car space has become an increasingly popular investment destination in recent years, but a number of significant challenges must be resolved for the sector to gain widespread social acceptance
Portfolio: Hahn & Co and H-Line Shipping
Hahn & Co’s investment in H-Line Shipping took the private equity firm into a faltering industry with a plan to focus on its most stable and profitable sub-segment
JD.com-backed Farfetch to go public in US
UK-based luxury online fashion retailer Farfetch, which has received significant funding from Asian investors including China’s JD.com, has filed for a US IPO.
CDC Group backs India's Pi Ventures
CDC Group has committed $6 million to a fund managed by Pi Ventures, an Indian firm focused on artificial intelligence (AI) and internet-of-things (IoT).
Sequoia India closes sixth fund at $695m
Sequoia Capital India has closed its sixth fund at $695 million, surpassing a target range of $625-675 million.
China’s Ascentage Pharma files for HK IPO
Ascentage Pharma, a Chinese biopharmaceutical company with several private equity backers, has filed for an IPO in Hong Kong.
Chinese news aggregator Qutoutiao preps for US offering
Qutoutiao, a Chinese news aggregator app that seeks to differentiate itself from market leader Jinri Toutiao by focusing on entertainment-oriented content, has announced plans to list in the US.
China Biologic Products receives competing take-private offer
US-listed China Biologic Products has received a buyout offer worth $3.9 billion from a consortium including former CEO David Gao and CDH Investments. It follows a $3.6 billion bid last month by CITIC Capital.
China's PE-backed AsiaInfo files for HK IPO
AsiaInfo Technologies, a Chinese telecommunications software provider backed by a number of private equity firms, has filed for a Hong Kong IPO.
Chinese online crafts platform raises $44m Series B
Cathay Capital has led a RMB310 million ($45 million) Series B round of funding for Tongshifu, a Chinese online crafts platform that specializes in decorative brass works.
Asia data center player raises $621m
AirTrunk, a Singapore-based data center provider focused on Australia, has raised A$850 million ($621 million) in senior debt financing and capital from existing investors Goldman Sachs and TPG Capital.