Regions
India's Axilor launches $30m seed fund
Indian early-stage investor and accelerator Axilor Ventures has launched a INR2 billion ($30 million) fund aimed at seed investments in Indian start-ups.
Capital Group, GL buy stake in Chinese hospital operator
Capital Group Private Markets (CGPM) has joined GP Capital to invest in Jinxin Healthcare, the maternity care division of Chinese hospital operator Chengdu Jinxin Healthcare Investment Management Group (Jinxin Group).
Japan's Mercari set for $1.2b IPO
Japanese consumer-to-consumer marketplace Mercari – which has several VC backers – is set to raise JPY130.5 billion ($1.18 billion) in its domestic IPO after pricing the offering at the top end of the indicative range.
Chinese smart vehicle start-up raises $500m
Byton, a China-based manufacturer of smart electric cars backed by Legend Capital, has secured a $500 million Series B funding round from a group of domestic strategic investors.
CapitalG leads $21.8m round for India's Aye Finance
CapitalG, the investment arm of Google's parent company Alphabet, has led a INR1.5 billion ($21.8 million) Series C round for Aye Finance, an Indian microfinance institution (MFI) focused on small businesses.
VIDEO: Baidu Capital's Jenny Wu
Jenny Wu, a managing partner at Baidu Capital, discusses growth stage investment in artificial intelligence
Beyond backs Hong Kong electric motor company
Hong Kong-based Beyond Ventures has joined a $10 million round for ePropulsion Innovation, a domestic technology developer focused on electric motors for recreational boating.
Everstone managing director Atul Phull departs
Atul Phull, a managing director at Everstone Group primarily responsible for fundraising, has left the India-focused GP after seven years.
Pivotal China seeds Sino-US cancer drug developer
Pivotal BioVenture Partners China, an investment platform of Hong Kong conglomerate Nan Fung Group, has led a $16.5 million seed round for Sino-US cancer drug developer Oncologie.
China's Xiaomi set to lead the way on CDRs
Xiaomi, a private equity-backed Chinese smart phone maker that filed for a Hong Kong IPO last month, has become the first company to apply to issue Chinese Depository Receipts (CDRs).
Hua Medicine files for HK IPO under biotech fastrack
Hua Medicine, a Chinese drug developer player that simultaneously closed its Series D and E funding rounds in March, has become the second company to file for a Hong Kong IPO under rules that allow zero revenue biotech businesses to go public.
Oman India fund invests $23m in Annapurna Microfinance
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the governments of India and Oman, has invested INR 1.6 billion ($23 million) in microlender Annapurna Microfinance (AMPL).
Japanese LPs: The long walk
PE firms have been trying to open up the Japanese LP market for years. Now that local institutions are showing a greater appetite for alternatives, it is unclear who will manage their investment programs
Fund focus: Anacacia eyes middle-market harvest
Anacacia Capital attracts a record amount from foreign LPs as its third Australia mid-market buyout fund closes at the hard cap of $225 million
China's Ant Financial closes $14b Series C round
Ant Financial, Alibaba Group’s financial services affiliate, has raised $14 billion in Series C funding from investors including GIC Private, Warburg Pincus, The Carlyle Group, Silver Lake, and Canada Pension Plan Investment Board (CPPIB).
Australia's Prospa delays trading after $112m IPO
Prospa, an Australian financial technology company backed by a number of local VCs, has raised A$146.5 million ($112 million) in a domestic IPO. Trading of the stock has been postponed, however, amid a regulatory review.
Chinese pre-IPO GP Cornerstone files for US IPO
Cornerstone Capital, a China-based PE firm that focuses on pre-IPO investments, has filed for an IPO on NASDAQ.
VIG nets 2.1x return on Korea price comparison site deal
VIG Partners has agreed to sell its controlling stake in Summerce Platform, operator of the Korean online price comparison website Enuri.com, to local e-commerce player Koreacenter for KRW105 billion ($97.8 million).
China's Chezhibao, Tiantian Paiche secure funding
Two Chinese online used car trading platforms – Chezhibao and Tiantian Paiche (TTP) – have received a combined $225 million in funding, continuing the flood of private capital into the space.
Actis hires new Asia investor relations head
Actis has appointed Ellen Li, formerly of Janus Henderson Global Investors, as a managing director and head of its investor development group in Asia.
Deal focus: Hahn & Co finds its place in auto retail
Hahn & Co has completed carve-outs of a used-car retailer from SK Group and a car rental business from CJ Group with a view to pursuing consolidation in Korea's automobile retail and services space
Temasek launches $300m India logistics platform
Temasek Holdings has joined Ascendas-Singbridge, its real estate-focused joint venture with state-owned development firm JTC Corporation, to launch a INR20 billion ($300 million) investment program for Indian logistics and industrial assets.
China fintech player Pintec gets $103m round
Hong Kong-based VC firm Mandra Capital and Sina Corporation have led a $103 million funding round for Chinese financial technology platform Pintec.
US PE firm acquires India's Shakedeal
US-based private equity firm Vora Ventures has acquired Indian B2B marketplace operator Shakedeal for an undisclosed amount.