Regions
Tanarra raises $217m for Asia Pacific credit fund
Australia-based Tanarra Credit Partners has raised A$285 million ($217 million) for a fund that will invest in senior and mezzanine loans across the Asia Pacific region. It is targeting a final close of up to A$500 million during the first half of 2018.
Newly listed Chinese education business hit by abuse claims
RYB Education, a private equity-backed Chinese kindergarten operator that listed in New York two months ago, has seen its stock price collapse in response to child abuse claims.
KKR improves offer for Japan's Hitachi Kokusai a second time
KKR has increased its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric for a second time, valuing the company at approximately JPY322 billion ($2.9 billion), up from JPY298 billion.
Norwest part-exits India-listed RBL Bank
Norwest Venture Partners has made another partial exit from India-listed financial institution RBL Bank for INR2.9 billion ($44.4 million).
AVCJ at 30: Part Two - The Asian Financial Crisis
Weijian Shan of PAG Asia Capital, Piau-Voon Wang, Dan Carroll of Brooklands Capital Strategies, and Michael Kim of MBK Partners on the impact of the Asian financial crisis
Intractable tech
Even if pan-Asian buyout firms aren't actively pursuing investments in internet-related businesses, they cannot ignore the potential disruptive impact of these technologies on other portfolio companies
Deal focus: Traphaco wins with the direct approach
Mekong Capital's 6.3x return on its investment in Vietnam-based pharmaceuticals player Traphaco involved turning the company's distribution model on its head, as well as supporting expansion and improving governance
China Renaissance adds strategies, targets $10b in AUM by 2020
China Renaissance has added dedicated healthcare and mezzanine debt strategies to its existing growth-stage private equity offering as part of efforts to more than treble its assets under management (AUM) over the next three years.
China cancer treatment developer receives $101m
China Venture Capital Fund, a VC vehicle backed by the Chinese government, and ChinaEquity Group have jointly led a RMB670 million ($101 million) round for 3D Medicines, which focuses on personalized diagnostics and treatment for cancer.
China's Orient Hontai fails to secure AppLovin buyout, switches to debt deal
US-based mobile marketing platform AppLovin has terminated a planned $1.4 billion acquisition by Orient Hontai Capital, a PE unit of China’s Orient Securities, after a long delay in the regulatory approval process. It has opted for a debt-based deal...
Japan-China e-commerce business gets $68m Series C
Inagora, a VC-backed e-commerce platform that supplies Japanese products to Chinese consumers, has received $68 million in Series C funding from Itochu Corp, KDDI Corporation, and SBI Holdings.
Everstone acquires Malaysia's Chemopharm
The Everstone Group has acquired Chemopharm, a provider of medical equipment based in Malaysia.
Singapore IP fund commits $52m to cloud-based telecom player
The Makara Innovation Fund (MIF) – a Singapore government-backed vehicle that focuses on intellectual property-driven businesses – has made its first investment, backing Asia telecom player MyRepublic.
Asia GPs back $107m Series B for Divergent 3D
A group of Asian GPs including Hong Kong tycoon Li Ka-shing's Horizons Ventures has backed a Series B round of up to $107 million for US electric vehicle (EV) industry supplier Divergent 3D.
India's VC-backed HomeLane buys Capricoast
Indian interior design company HomeLane, which is backed by Aarin Capital and Sequoia Capital, has bought Accel Partners-backed online furniture marketplace Capricoast.
Translink Capital leads $14m round for China’s Uhouzz
Uhouzz Network Technology, a China-based online platform that provides homes sales and rental services for overseas students, has raised a $14 million Series B round led by Translink Capital.
Archer sells Australia's Aerocare to Swissport
Archer Capital has agreed to sell Aerocare, an Australia-based aviation ground handling operator it bought from Next Capital in 2014, to global market leader Swissport for an undisclosed sum.
Australia tech: Firmer footing
GPs see increasing potential for later-stage investment in the Australian technology sector as early commercial successes and government encouragement help reshape the national psyche
Bain to complete exit from Japan's Skylark
Bain Capital Private Equity will divest its remaining 15% stake in Japanese restaurant operator Skylark, completing a gradual sale of the business it acquired in 2011 and took public three years later.
Sabre, CDC lead $26m Series C for India's Portea
Sabre Partners and CDC Group have co-led a $26 million Series C round for Indian home healthcare business Portea Medical.
Chinese autonomous truck start-up TuSimple gets $55m
Chinese self-driving truck technology developer TuSimple has raised a $55 million Series C round led by Hong Kong-based hedge fund Composite Capital, with participation from Sina and Zhiping Capital.
WPP agrees to Bain tender offer for Japan's ADK
Bain Capital Private Equity’s tender offer for Japan-listed advertising agency Asatsu-DK (ADK) has overcome its biggest obstacle as the company’s largest shareholder WPP Group has withdrawn its objection to the deal.
VC-backed DataRobot to invest $11m in Singapore AI
DataRobot, a US-based start-up backed by a number of VCs including Intel Capital, has committed about $11 million to an artificial intelligence (AI) program in Singapore.
Deal focus: Tapping complexity in e-commerce
Southeast Asia-focused retailing services provider aCommerce has received $65 million in Series B funding to support not only geographical expansion but also a move into B2B to complement existing B2C capabilities