Region
Growth Fund completes exit from Australian motorcycle dealership
The Growth Fund has sold the remainder of its stake in Australian motorcycle dealership operator MotorCycle Holdings – which it took public last year – for approximately A$18.5 million ($14.5 million).
Legend, Joy Capital lead $60m for China's Vingoo Juice
Vingoo Juice, a Shanghai-based start-up that develops fresh orange juice vending machines, has raised a RMB400 million ($60 million) Series B round jointly led by Legend Capital and Joy Capital. Yunqi Capital also took part.
3Q analysis: More about Japan
Toshiba sends Japan into top spot for investment amid corporate carve-out excitement; fundraising plummets in the absence of Chinese state-backed vehicles; the IPO window opens as public markets boom
PE-backed MAS Financial climbs 31% on trading debut
Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
Alibaba, Beyond lead $40m round for Hong Kong's Prenetics
Beyond Ventures and Chinese internet giant Alibaba Group have led a $40 million funding round for Hong Kong-based genetic testing and wellness start-up Prenetics.
ADIA commits $1b to India's state-backed infra fund
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund based in the United Arab Emirates, has committed $1 billion to the Indian government’s National Investment and Infrastructure Fund (NIIF).
ROC Partners backs $118m Australian SME fund
Australian private equity firm ROC Partners has teamed up with the state government of New South Wales and pension fund First State Super to launch a A$150 million ($118 million) equity fund targeting small to medium-sized enterprises (SME).
IMM to buy Korean fashion e-commerce business
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.
Deal focus: All-Stars backs Tujia's consolidation agenda
Tujia's access to property supply and consumer traffic channels in China give an edge that other market entrants struggle to replicate. This gave All-Stars Investment the confidence to co-lead a $300 million round
Portfolio: J-Star and Japan Hospice Holdings
In 2014 J-Star bet on a pair of pioneering companies in Japan’s hospice care market. Now the resulting platform is set to dominate the still-nascent industry with high standards for care and patient dignity
Hony backs Italian fashion brand Mr & Mrs Italy
China-focused GP Hony Capital has agreed to acquire a 30% interest in Duemmei, owner of Italian fashion brand Mr & Mrs Italy.
Southeast Asia VC: Growth impediment?
Southeast Asia has an abundance of local players targeting early-stage deals while foreign investors fly in to participate in the later stage rounds. The industry is looking for ways to fill the hole in the middle
China's VC-backed PPDai files for US IPO
PPDai, a consumer finance marketplace backed by several VC investors, has become the latest Chinese company to try and take advantage of soaring public markets by filing for an IPO in the US.
Cathay, GGV back China's Momenta
Cathay Innovation, a VC affiliate of Cathay Capital Private Equity, has led an extended Series B round for Momenta, a Chinese start-up that develops road sensors and mapping software for self-driving cars, with participation from GGV Capital.
Affinity to buy Burger King Japan
Affinity Equity Partners, which already owns Burger King in South Korea, has assumed control of the fast food chain’s master franchise for Japan.
Square Peg leads $13m round for Singapore's Chope
Australia’s Square Peg Capital has led a S$18 million ($13.3 million) funding round for Singapore-based restaurant app operator Chope.
ADK management offers support to Bain buyout bid
Japan-based advertising agency Asatsu-DK (ADK) has expressed its support for Bain Capital Private Equity’s proposed JPY151 billion ($1.3 billion) buyout, against opposition from its largest shareholder, WPP Group.
US-based VC to invest $20m in Pakistan technology fund
US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
Amicus invests $9.3m in India's RenewBuy
Amicus Capital Partners has made its maiden investment, committing INR600 million ($9.3 million) to Indian online insurance aggregator RenewBuy.
Hillhouse leads $46m round for China O2O fitness platform
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
Wavemaker closes second SE Asia VC fund at $66m
US and Singapore-based venture capital investor Wavemaker Partners has raised $66 million for its second Southeast Asia-focused fund. The target was $50 million.
PE must 'play to win' in Japan carve-outs - Bain & Co
Japan private equity investment is on course for a record year on the back of increased divestment activity, but GPs must fine-tune their strategies to prevail in a highly competitive auction processes, according to Bain & Company.
True North, IDG in $77m round for India's Policybazaar
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.
Ex-Headland partner joins China growth investor CRE Alliance
William Shen, formerly head of Greater China at Headland Capital Partners, has become CEO of CRE Alliance, a private equity joint venture between China Resources Enterprise (CRE) and Great Wall Asset Management.