Regions
Yunfeng, Xiaomi lead $40m round for China’s Jinying
Yunfeng Capital and Chinese smart-phone maker Xiaomi have jointly led a $40 million Series B round for Beijing Jinying Technology, a China-based online content publisher. Fosun International and SIG Asia also participated.
India's KKR-backed Avendus buys domestic peer Zodius
Avendus Capital, an Indian financial services firm owned by KKR, has bought technology-focused venture capital firm Zodius Capital.
PE-backed Vincom Retail ups size of IPO to raise $740m
Private equity-backed Vincom Retail, the leading shopping mall operator in Vietnam, has completed the country’s largest-ever IPO, after increasing the size and pricing of its offering to raise VND16.8 trillion ($740 million).
Meridian, Eastern Bell in $14m round for China's Putiandi
A group of investors including Meridian Capital and Eastern Bell Venture Capital has invested RMB90 million ($13.6 million) in China-based retail property-leasing platform Putiandi.
China’s AnchorDx raises $28m Series B
AnchorDx, a China-based company that develops new clinical diagnosis products based on next-generation sequencing (NGS) technology, has raised $28 million in a Series B round led by 6 Dimensions Capital and Sijia Jianxin Fund.
Private debt: Feet on the ground
Investors see growing opportunity in Asian credit, but the region has proven difficult for foreign managers to address. Local expertise, particularly in emerging markets, can unlock the best returns
Pencarrow exits New Zealand's Icebreaker to US trade buyer
New Zealand’s Pencarrow Private Equity has agreed to sell its entire stake in Icebreaker, a domestic clothing brand that specializes in outdoor winter apparel, to US-listed competitor VF Corporation.
Sector funds: Special forces
The proliferation of fund managers targeting relatively focused investment segments signals a new maturity in Asian private equity. The trend will evolve in step with regional markets
PE-backed China Literature raises $1.1b in HK IPO
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
China's EOC Pharma closes $32m Series B
EOC Pharma, a China-based cancer treatment specialist, has closed a $32 million Series B funding round led by Taikang Industry Development Fund.
Hong Kong's WeLab raises $220m
Alibaba Group and the International Finance Corporation (IFC) have led a Series B+ round of funding for Hong Kong financial technology provider WeLab.
Aspirant to buy logistics unit from Japan's Takara
Japanese PE firm Aspirant Group has agreed to acquire Takara Chouun, a logistics subsidiary of the Takara Holdings conglomerate.
VCs join $25m round for Singapore's ShopBack
Singapore-based e-commerce aggregator ShopBack has raised a $25 million funding round from investors including East Ventures, SoftBank, and 33 Capital.
Everstone to buy India's Kenstar
The Everstone Group has agreed to buy Indian home appliance maker Kenstar from the Videocon Group.
China's Phoenix Travel gets $105m Series C
Phoenix Travel Group, a China-based travel services provider, has raised a RMB700 million ($105 million) Series C round led by CITIC Capital, Haier Capital, Legend Holdings and Legend Capital.
Lakeshore buys Thailand skincare business
Lakeshore Capital has led the acquisition of a controlling stake in Aisance, a Thailand-based skincare company that specializes in distributing products from Korea, for $15.9 million.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
KKR, Gaja lead $151m round for India's Avendus
KKR and Gaja Capital have led a INR9.8 billion ($151 million) investment in Avendus Capital, an Indian financial services firm owned by KKR.
Sequoia leads Series B for Singapore's Smartkarma
Sequoia Capital India has led a Series B round for Smartkarma, bringing the Singapore-based financial technology company’s total funding to $21 million.
Sinovation leads $21m round for Chinese AI firm
Sinovation Ventures has led a $20.6 million Series B round for Zhuiyi Technology, a Shenzhen-based artificial intelligence (AI) start-up that specializes in chatbots.
China's Ctrip buys VC-backed Trip.com
Ctrip, China’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
UK fintech player gets $280m for Asia push
UK-based fintech company TransferWise has raised a $280 million round led by IVP and Old Mutual Global Investors as part of an expansion in Asia Pacific and Latin America.
Japan's ADK faces lawsuit following Bain tender offer
Bain Capital Private Equity’s buyout offer for Japan-listed advertising agency Asatsu-DK (ADK) has prompted legal action by WPP Group, the company’s largest shareholder.
GA hires ex-Actis Asia IR head to spur capital partnering
General Atlantic (GA) has hired Pamela Fang, formerly head of Actis' investor development group in Asia, as a managing director to lead its capital partnering efforts in Asia.