Region
Deal focus: Qiming bets on resilience in China's coffee space
Qiming Venture Partners has doubled down on Chinese coffee brand Tasogare, identifying a consumer category endowed with rare advantages and poised to benefit from a broader domestic retail rebound
Gulf gambit: Asia GPs court Middle East LPs
As the Middle East becomes a focal point for private equity fundraising globally, Asia-based managers hope that macro trends work in their favour. Being the right size and the right strategic fit also helps
Profile: PENM Partners' Hans Christian Jacobsen
Hans Christian Jacobsen’s emerging markets experience spans Africa, Asia, the Middle East, and Eastern Europe. He ended up finding an appealing blend of growth, access, and stability in Vietnam
Deal focus: Hong Kong's Gryfyn issues web3 passport
Gryfyn, the latest project from Hong Kong’s Animoca Brands, has attracted several VC investors, most of which are not existing backers of its parent. The mission is simple: expand the metaverse
Quadrant completes New Zealand cybersecurity roll-up
Quadrant Private Equity has invested in New Zealand-based cybersecurity providers Quantum Security Services, ZX Security, and Helix Security Services with a view to supporting expansion into new geographies and service offerings.
Shunwei leads $10m round for China RPA player
Naturobot, a China-based robotic process automation (RPA) start-up, has raised a new round amounting to about USD 10m led by Shunwei Capital.
Singapore quantum computing start-up secures $18.1m
Singapore’s Horizon Quantum Computing has raised USD 18.1m from a group including Sequoia Capital India and Tencent Holdings.
VCs back Indonesia battery-swapping scooter maker
Ondine Capital, a Southeast Asia-focused VC firm set up by investors from China's CICC Capital and JD.com and Indonesia's MediaTek, has invested in Indonesian battery-swapping scooter maker Swap Energy.
Japan's J-Star names three new partners
Japanese lower middle-market private equity firm J-Star has elevated three longstanding staff to partner, bringing the total number of partners to nine.
Hong Kong's HKBN confirms talks with I Squared
HKBN, one of Hong Kong’s leading broadband internet providers, has confirmed that negotiations with infrastructure investor I Squared Capital over a potential acquisition are ongoing.
Logistics start-up Lalatech pursues Hong Kong IPO
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
CCV leads round for China chip designer Cmind-Semi
Cmind-Semi, a China-based wireless communication chip designer, has raised a pre-Series A round led by China Creation Ventures (CCV). Existing investors Walden International Investment and Legend Capital also took part.
Creador completes exit from Malaysia's Mr DIY
Creador has exited its remaining 4.9% equity interest in Malaysia-listed home improvement retailer Mr DIY, generating proceeds of MYR 664m (USD 150.5m).
Japan 'deskless workforce' start-up raises $23m
Japan’s Coral Capital has led a JPY 3bn (USD 23m) Series B round for Kaminashi, a local software start-up targeting an under-digitalised blue-collar segment it calls the “deskless workforce.”
GIC takes co-control of Bain-owned Japan software company
Bain Capital has ceded co-control of Japanese HR software provider Works Human Intelligence (WHI) to GIC in a deal ranked among the Singapore sovereign investor’s largest acquisitions.
Japan's Fiducia hits second close on debut fund
Fiducia, a tech investor set up by the former private markets head of Japan Post Bank, has reached a second close of JPY 3.86bn (USD 29m) following a commitment from SBI Group.
Bessemer leads Series C for New Zealand's Halter
Bessemer Venture Partners has led a NZD 85m (USD 53.3m) Series C round for New Zealand’s Halter, a start-up that makes solar-powered collars for managing cow herds with an app.
Kotak reaches first close on second India special situations fund
Kotak Investment Advisors has reached a first close of USD 1.25bn on its second India-focused special situations fund against an overall target of USD 1.6bn.
JIC Capital backs Japan's Hitachi Astemo
JIC Capital, the private equity unit of Japan Investment Corporation (JIC), has agreed to take a 20% stake in automotive components manufacturer Hitachi Astemo as part of a restructuring that will see Hitachi cede majority ownership.
Hopu Magnolia cuts fund target, seeks to delay final close
Hopu Magnolia, a growth capital unit of Chinese private equity firm Hopu Investment Management, has cut its planned new fund size to USD 250m, almost half of the original target.
OMERS appoints Asia Pacific head
Ontario Municipal Employees Retirement System (OMERS) has appointed Ashish Goyal, who leads its capital markets activities in Asia, to the newly created role of executive vice president and head of Asia Pacific.
Japan's EV Motors raises $27m in extended Series C
Japanese electric vehicle (EV) manufacturer EV Motors has completed an extended Series C round, raising JPY 3.6bn (USD 27.1m) from at least 23 investors.
SE Asia financial services specialist Triple P adds partner
Triple P Capital, an impact investor focused on financial services in emerging Southeast Asia, has recruited Ke Qi Zhang from the International Finance Corporation (IFC) as its third partner.
Japan-inspired Chinese coffee brand gets Series C
Chinese coffee brand Tasogare has raised several hundred million renminbi in a Series C funding round led by Yijing Capital and state-controlled Jiande Group. Qiming Venture Partners and Bu’er Capital re-upped.