Region
Japan's Marunouchi Capital hits $303m first close on Fund III
Marunouchi Capital, a Japanese private equity firm controlled by Mitsubishi Corporation, has reached a first close of JPY 40.2bn (USD 303m) on its third fund.
China HR SaaS player Beisen completes $30m HK IPO
Beisen Holding, a China-based human resources software-as-a-service (SaaS) platform backed by the likes of SoftBank Vision Fund 2, Goldman Sachs, Matrix Partners China, and Sequoia Capital China, fell 12% on debut following a HKD 238.9m (USD 30m) Hong...
China automotive parts supplier Bibo raises $29m
Nio Capital and Hangzhou-based Orient Jiafu Asset Management have led a CNY 200m (USD 29m) Series A round for Bibo, a China-based automotive parts supplier.
Longreach acquires Japan IT company via bolt-on
The Longreach Group has acquired Japanese IT services provider Blueship as a bolt-on for Japan Systems, an existing portfolio company in the space.
MDI leads Series A for Indonesia cloud kitchen
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has led a USD 13.7m Series A round for local cloud kitchen start-up Legit Group.
ResponsAbility sets $450m hard cap for second Asia food fund
Swiss impact investor ResponsAbility has set the hard cap for its second South and Southeast Asia-focused sustainable food fund at USD 450m, having fully deployed Fund I across five investments.
Mistletoe founders to acquire SoftBank Ventures Asia
SoftBank Group has agreed to sell its captive VC unit, SoftBank Ventures Asia (SBVA), to a newly formed entity led by the team behind Japan-headquartered start-up incubation and investment platform Mistletoe.
Australia cybersecurity start-up raises $20m
Australian cybersecurity start-up Fivecast has closed a USD 20m Series A round led by Ten Eleven Ventures, a US-based specialist in cybersecurity.
JBIC, Mitsui back Singapore's Wellesta
Japan Bank for International Cooperation (JBIC) and Mitsui & Co have invested in Singapore-based Wellesta, a diversified services provider for the regional healthcare industry.
Southern leads $31.5m round for fintech player Soft Space
Southern Capital has led a USD 31.5m funding round for Southeast Asia-focused payments technology provider Soft Space.
China hotpot home dining player Guoquan pursues HK listing
Guoquan, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, has filed for a Hong Kong IPO.
Lightspeed China hits first close on renminbi fund
Lightspeed China Partners has returned to the renminbi funds space for the first time in seven years, reaching a first close of CNY 800m (USD 116m) on its latest local currency vehicle.
PAG cuts target size of Asia fund by one third
PAG has reduced the target size of its fourth pan-Asian buyout fund to USD 6bn from USD 9bn, according to Mergermarket, AVCJ's sister publication.
Coller launches $218m renminbi secondaries fund
Coller Capital has launched a renminbi secondaries fund with a target of CNY 1.5bn (USD 218m), confirming it has secured a first close of undisclosed size.
Temasek increases holding in India's Manipal Health
Temasek Holdings is set to become the majority shareholder in Indian hospital operator Manipal Health Enterprises, having agreed to acquire an additional 41% stake in the company. The transaction facilitates an exit for TPG Capital, but the PE firm will...
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
China chip packaging player SJ Semiconductor raises $340m
Legend Capital, CITIC Securities-controlled Goldstone Investment, and Ince Capital have participated in an extended Series C round of USD 340m for SJ Semiconductor, a China-based chip packaging business.
Australia's QIC acquires 50% stake in smart meter business
Queensland Investment Corporation (QIC), an Australian sovereign wealth fund, has agreed to acquire a 50% stake in New Zealand-listed Vector Metering at an enterprise valuation of NZD 2.5bn (USD 1.6bn).
Prosus, Accel back India SaaS procurement platform
Prosus Ventures and Accel have led a USD 11m Series A round for Spendflo, an India-founded software-as-a-service (SaaS) procurement management platform now headquartered in the US.
Indian NBFC Avanti Finance raises $24m
Avanti Finance, an Indian technology-led non-banking finance company (NBFC) has received USD 24m in equity funding from Rabo Partnerships and IDH Farmfit Fund, with re-ups from Oikocredit and NRJN Trust.
BP, Morgan Stanley back India EV charging station provider
BP Ventures and Morgan Stanley Infrastructure have made a USD 22m equity investment in Magenta Mobility, an Indian electric vehicle (EV) charging station provider.
China decision-making software provider raises $73m
Chinese enterprise software company Cardinal Operations has raised CNY 500m (USD 73m) in two tranches of Series C funding, each led by a state-backed VC fund.
Deal focus: Goldman secures $1bn exit from India's ReNew
Goldman Sachs has clocked a healthy return from ReNew Energy Global after helping the company diversify its offering and navigate the regulatory pitfalls of India’s renewables space