Regions
WeWork raises $500m for China unit
Trustbridge Partners, Temasek Holdings, SoftBank Group and the SoftBank Vision Fund, and Hony Capital have led a $500 million Series B round for the China branch of US-based co-working space operator WeWork.
Keppel Capital launches $147m Asia education sector fund
Keppel Capital, the asset management arm of Singapore-based Keppel Corporation, will launch an investment fund focused on education assets alongside Singapore-based preschool operator MindChamps.
Singapore blockchain-based data marketplace gets $60m
Open Data Exchange (ODX), a Singapore-based decentralized marketplace developer has raised $60 million from a group of investors, including Hong Kong blockchain specialist Kenetic Capital and US-Korea firm Strong Ventures.
Australia's Blue Sky confirms talks with Oaktree
Blue Sky Alternative Investments has confirmed it is in talks with special situations investor Oaktree Capital Management over a possible investment, as the Australian PE firm seeks to mollify investor concerns regarding possible liquidity issues.
Pinduoduo gains 40% on debut after $1.63b US IPO
Chinese social e-commerce platform Pinduoduo – which is backed by Gaorong Capital, Sequoia Capital, and Tencent Holdings, among others – saw its shares gain 40% on debut following a $1.63 billion IPO.
Longreach to buy majority stake in Japan's Fujitsu Component
The Longreach Group has agreed to acquire a majority stake in Fujitsu Component from its parent company and will launch a tender offer to buy the business outright at a valuation of JPY13.7 billion ($123.6 million).
Deal focus: OfBusiness helps Indian SMEs find their feet
Creation Investments backs Indian financial technology start-up OfBusiness to meet the financing needs of underserved small businesses
TPG invests in India's Sai, Tata Capital exits
TPG Capital has acquired a significant minority stake in Indian drug developer and manufacturer Sai Life Sciences, providing a full exit for Tata Capital Growth Fund.
ClassPass raises $85m, targets SE Asia expansion
US-based fitness services company ClassPass has raised a $85 million Series D round led by Temasek Holdings and L Catterton as part of a global expansion effort that will emphasize Southeast Asia.
New Zealand's Maui Capital agrees Pedersen trade sale
Australian logistics infrastructure services company Linx Cargo Care has agreed to buy Pedersen, a New Zealand wood processing player owned by Auckland-based Maui Capital, for an undisclosed sum.
Square Peg leads $30m Series B for Indonesia's FinAccel
Square Peg Capital has led a $30 million Series B round for Indonesian financial technology start-up FinAccel to support its national and regional expansion.
Lightspeed, Blue Run back Chinese mapping player Wayz.ai
Lightspeed China Partners and Blue Run Ventures have participated in an $80 million Series A funding round for Wayz.ai, a Chinese smart mapping service provider.
LP interview: Korea's POBA
Korea’s Public Officials Benefit Association is expanding its private equity exposure and global footprint. Maintaining this diversification within the firm’s traditional risk profile requires a gradual approach
Fund focus: LPs queue up for a piece of Long Hill
China’s Long Hill Capital scales up with its latest VC fund with strong support from new and existing LPs. Sector specialization has helped underpin much of the progress
China AI start-up DeePhi Tech sold to Xilinx
DeePhi Tech, a Beijing-based start-up focused on artificial intelligence (AI) and machine learning with backing from several VC investors, has been acquired by US-based computer processor developer Xilinx.
Beyond named as partner for Hong Kong venture fund
Beyond Ventures has been named as a co-investment partner for the Innovation & Technology Venture Fund (ITVF), a vehicle launched by the Hong Kong government to encourage private investment in local technology start-ups.
CICC leads $102m Series B for China's Allcure Medical
Beijing Allcure Medical Technology, a healthcare technology provider specializing in radiotherapy and tumor diagnosis, has received RMB700 million ($103 million) in Series B funding led by China International Capital Corp. (CICC).
Singapore's TradeGecko gets $10m Series B
TradeGecko, a Singapore-based software-as-a-service (SaaS) provider for small to medium-sized enterprises (SME) has received a $10 million Series B round led by local investor TNB Ventures and Australia’s Aura Group.
Future Fund backs $200m round for China's Tuya Smart
Australia’s Future Fund has joined a $200 million Series C round of funding for Tuya Smart, a Chinese internet-of-things (IoT) and voice artificial intelligence (AI) platform.
Deal focus: KKR lays down a marker in Taiwan
Seven years after its privatization of Yageo Corp was blocked, KKR is back pursuing a $1.56 billion bid for LYC Chemical Corp. The initial response from regulators has been positive
India healthcare: The growth infusion
Indian hospitals are increasingly attractive for private equity investors. GPs can thrive in the space with a well-defined growth strategy that takes local market requirements into account
China Creation Ventures collects nearly $200m for debut fund
China Creation Ventures (CCV), a venture capital firm established by the technology, media and telecom (TMT) team at KPCB, has closed its debut fund with nearly $200 million in commitments.
Long Hill closes second China VC fund at $265m
China-focused Long Hill Capital has reached a final close of $265 million on its second US dollar-denominated VC fund as well as a first close of about $30 million for its first renminbi vehicle.
Tata completes first exit from Opportunities Fund
Tata Capital has completed its first exit from the Tata Opportunities Fund, securing an IRR of over 50% and a 6x gross multiple through the IPO of auto components manufacturer Varroc Engineering.