Regions
Cathay Capital launches $227m China automobile fund
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
Japanese online media player Candee gets $21.6m round
Eight Roads Japan has led a JPY2.45 billion ($21.6 million) funding round Tokyo-based online media start-up Candee.
Baring sells Korea's Halla Cement to trade buyer
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.
Sequoia-CMC sports fund backs China’s Supermonkey
Chinese fitness start-up Supermonkey has raised a Series C round of funding led by Jiansheng Sports Fund, a vehicle established by Sequoia Capital China and CMC Holdings.
GTI-backed Sandhar files for India IPO
Indian auto components maker Sandhar Technologies has filed for an IPO that will provide an exit for its private equity backer GTI Capital.
Baidu Capital leads round for China’s WM Motor
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI hits first close on Fund II, backs Singapore healthcare start-up
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
IFC proposes $20m commitment to Lighthouse India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
China’s GenBridge closes debut fund at $500m hard cap
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.
KKR completes tender offer for Japan's Hitachi Kokusai
KKR has completed its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric, having surpassed the 24.1% shareholder support required for the JPY322 billion ($2.9 billion) deal to proceed.
Yao Capital, IDG back sports marketing business Shankai
Yao Capital and IDG Capital have invested RMB300 million ($45.3 million) in Shankai Sports, coinciding with the Chinese sports management company signing an agreement to manage the China operations of golf’s PGA Tour.
SparkLabs hires venture partner for HK fintech accelerator
SparkLabs Global has hired Sameer Chishty, founder and chairman of Hong Kong-based merchant bank Streeton Partners, as a venture partner for its new financial technology accelerator in the territory.
Yunfeng joins Chinese consortium in Italy healthcare acquisition
Yunfeng Capital has teamed up with a group of Chinese strategic and financial investors to acquire 100% of Esaote, an Italy-headquartered manufacturer of medical diagnostic systems. The deal facilitates an exit for Ares Life Sciences among other investors.
China’s 6 Dimensions raises $844m for debut healthcare fund
China’s 6 Dimensions Capital, which was formed through the merger of WuXi Healthcare Ventures and Frontline BioVentures, has raised approximately $844 million for its debut healthcare fund.
Australia's Quadrant closes mid-market fund at $863m
Quadrant Private Equity has closed its latest mid-market Australia and New Zealand fund at A$1.15 billion ($863 million). As with the firm’s previous two fundraises, the process took approximately one month.
Bain completes tender offer for Japan’s ADK
Bain Capital Private Equity has completed its tender offer for Japanese advertising agency Asatsu-DK (ADK), acquiring a majority stake in a deal that values the company at JPY153 billion ($1.3 billion).
China bike-sharing operator Hellobike raises $350m
Chinese bike-sharing operator Hellobike has raised $350 million in a Series D round of funding from several investors including Alibaba Group’s Ant Financial and Chengwei Capital.
CPPIB invests $248m in Hong Kong logistics program
Canada Pension Plan Investment Board (CPPIB) has invested HK$1.9 billion ($248 million) in a Hong Kong-based warehousing joint venture with logistics operator Goodman Group.
Indian firms must prove their worth to LPs – AVCJ Forum
LPs still find India an attractive market for investments, but fund managers must actively pursue them and make the case for their strategies.
Singapore's VC-backed Ascenz sold to trade buyer
Singapore-headquartered Ascenz, a provider of performance solutions for ships, has been acquired by French engineering company Gaztransport & Technigaz (GTT), facilitating an exit for investors including Red Dot Ventures.
Fund focus: Eight Roads fund targets Japan tech
Eight Roads Ventures has $223 million to deploy in Japan, with robotics, inbound tourism and healthcare all high on its agenda
AVCJ at 30: Part Four - Buyouts Across the Region
Joseph Skrzynski of CHAMP Private Equity, Peter Wiggs of Archer Capital, Tim Sims of Pacific Equity Partners, and Richard Folsom of Advantage Partners on the development of buyouts in Australia and Japan
ESG: Quantifiable benefits
Finding ways to implement environment, social and governance (ESG) policies and track performance with greater consistency has become a priority for some – but by no means all – Asian GPs
Taiwan's local PE industry requires careful cultivation - AVCJ Forum
Investors are encouraged by initiatives Taiwan’s government has launched to develop the local private equity market, but they told the AVCJ Taiwan Forum that areas such as team-building and deal availability to build a sustainable industry.