Region
Crescent buys Australian CRO business
Crescent Capital Partners has acquired Australia-based clinical research organization (CRO) Nucleus Network from The Baker Institute, an independent research institute that focuses on heart disease and diabetes.
Australia agriculture: Fruitful endeavors
Despite their strong growth potential, Australian food crops have attracted little activity from the private equity community. Investors’ interest is restrained by the high hurdles to managing these assets
ADB commits $50m to True North's India fund
The Asian Development Bank (ADB) has agreed to invest up to $50 million in the sixth fund of Indian private equity firm True North, formerly known as India Value Fund Advisors (IVFA).
Deal focus: Cream of the crop
Proterra is on course to more than double its money on AustAsia, following an agreement to exit the Chinese dairy farm operator to fellow investor Japfa
Space technology: Starship enterprises
Space technology is being democratized outside its historical geographic and institutional spheres of development. As private investors get on board, a new range of risks and rewards is coming into focus
Quadrant acquires Australia's Darrell Lea
Quadrant Private Equity has acquired Darrell Lea, a candy maker based in Australia and New Zealand.
China apartment rental firm Ziroom raises $621m
Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings.
China's Bianlifeng acquires VC-backed Lingwa
Bianlifeng, a Chinese PE-backed cashier-free convenience store operator, has acquired a controlling stake in its peer Lingwa. Financial terms were not disclosed.
Morningside, Legend lead $112m round for China's Pony.ai
Pony.ai, a China and US-based start-up that develops autonomous driving solutions, has completed a $112 million Series A round of funding jointly led by Morningside Venture Capital and Legend Capital.
Tiger co-leads $20m Series B for India's Razorpay
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
Xiaomi, VC-backed Chinese wearables maker targets US IPO
Huami, a Chinese wearables manufacturer that has a strategic relationship with smart phone maker Xiaomi and several venture capital backers, has filed for a US IPO.
India's Pi Ventures reaches $25m second close on AI fund
Indian early-stage investor Pi Ventures has announced a second close of $25 million on its debut artificial intelligence (AI)-focused fund.
StepStone wins GPIF infrastructure mandate
Japan’s Government Pension Investment Fund (GPIF) – the world’s largest pool of retirement savings – has awarded a global infrastructure fund-of-funds mandate to StepStone Group.
Partners Group exits Australia cancer clinic
Partners Group has sold its entire 21% stake in Australia’s Victorian Comprehensive Cancer Centre (VCCC) to AMP Capital.
KKR joins $1.75b investment in India's HDFC
KKR has joined a group of investors including Singapore’s GIC Private and the Ontario Municipal Employees Retirement System (OMERS) to commit INR111 billion ($1.75 billion) to listed Indian financial institution HDFC.
CICC leads $96m round for Chinese sports site Hupu
Hupu Sports Media, a Chinese language sports information and e-commerce site, has raised a RMB618 million ($96 million) round led by a government-backed fund managed by China International Capital Corporation (CICC).
Singapore launches legal tech accelerator
Singapore’s Infocomm Media Development Authority (IMDA) is partnering with two state-sponsored academic institutions to launch a start-up accelerator focused on technology related to legal practices.
India's PE-backed Capital First to merge with IDFC Bank
Capital First, an India-listed non-banking financial company (NBFC) backed by Warburg Pincus and GIC Private, has agreed to merge with IDFC Bank.
CITIC Capital takes majority control of Harbin Pharmaceutical
CITIC Capital has increased its stake in Harbin Pharmaceutical Group to 60.86%, becoming the controlling shareholder of the Chinese state-backed business in which it has been an investor since 2005.
Carlyle promotes Australia buyout head to partner
The Carlyle Group has promoted David Bluff, head of its buyout team in Australia and New Zealand, to partner. He was previously a managing director with the firm.
Chinese fruit store chain raises $230m Series B
Pagoda, a Chinese fruit store chain operator, has completed a RMB1.5 billion ($230 million) Series B round of funding.
India removes limits on foreign investment in retail
India has broadened its regulations on foreign direct investment (FDI), permitting unconditional 100% FDI in sectors including single-brand retail trading (SBRT).
MSPEA backs Indian medical devices, health foods businesses
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...
Deal focus: VIG sees stability in shoes
Korea's VIG Partners completes its second OEM deal in six months with the $207 million acquisition of Youyoung, a supplier of materials used in running shoes