Regions
KKR to take majority stake in Laser Clinics Australia
KKR has acquired a majority stake in cosmetic treatments business Laser Clinics Australia (LCA) at a valuation of A$650 million ($515 million). The deal facilitates a partial exit for The Growth Fund.
IDFC exits remaining Green Infra stake for $220m
IDFC Alternatives has exited its remaining stake in Indian wind and solar power producer Sembcorp Green Infra (SGI) to Singapore-based Sembcorp Utilities for INR14.1 billion ($220 million).
MSPEA backs $172m take-private bid for China auto parts player
Morgan Stanley Private Equity Asia (MSPEA) and the chairman of China Automotive Systems have submitted a take-private offer worth approximately $172 million for the NASDAQ-listed power steering components supplier.
China’s Qingsong raises $129m early-stage tech fund
Qingsong Fund, a Chinese VC firm formed by Alvin Liu, an angel investor and co-founder of Tencent Holdings, has closed its third renminbi-denominated fund at RMB850 million ($129 million).
TPG invests Indian shoe company
TPG Growth - the middle market investment platform of TPG Capital - has joined QRG Enterprises, the family office of India’s Havellis Group in backing local shoe supplier Campus Activewear.
China cloud services provider Abcfintech raises $30m
Abcfintech, a China-based cloud services provider, has raised a combined $30 million through an angel round and Series A round.
Ascendent-backed RYB Education files for US IPO
RYB Education, a Chinese kindergarten operator in which Ascendent Capital holds a substantial minority stake, has filed for an IPO on the New York Stock Exchange.
Chinese investor commits $63m to Australia incubator
Suzhou High-Tech Venture Capital Group, a Chinese state-backed investment fund, has committed A$80 million ($63 million) to a start-up incubator based in Melbourne.
Korean fintech: Financial times
Korea’s financial technology sector is affording start-ups disruption opportunities based on an outdated infrastructure environment. Early movers are experimenting with a number of business models
BlueRun, Tencent back Chinese healthcare services platform
BlueRun Ventures and Tencent Holdings have co-led a RMB160 million ($24 million) Series A round of funding for Shuidi, a China-based healthcare services platform that aims to help people pay for medical services.
India's Treebo Hotels raises $34m
Treebo, a VC-backed Indian budget hotel chain, has raised $34 million in a Series C funding round led by Hong Kong-based investors Ward Ferry Management and Karst Peak Capital.
DSG closes India, Southeast Asia consumer fund at $50m
DSG Partners Asia, which targets early-stage consumer opportunities in India and Southeast Asia, has closed its second fund at the hard cap of $50 million. Everstone Capital bought a 50% stake in the GP last year.
Goldman, Hillhouse invest $90m in China’s Arrail Dental
Goldman Sachs and Hillhouse Capital have jointly invested $90 million in a Series D round of funding for Arrail Dental, a Chinese dental services provider.
Toyota invests in Southeast Asia's Grab
Toyota Tsusho, a division of Japanese automotive giant Toyota Group, has joined the latest funding round for Southeast Asian ride-hailing app operator Grab.
PE-backed Ambow Education seeks return to US main board
PE-backed Chinese tutoring and training services provider Ambow Education, which left the US main board in 2014 following allegations of financial impropriety and the appointment of provisional liquidators, has filed for an IPO.
Q&A: TMON Chairman Daniel Shin
Daniel Shin, chairman of TMON – formerly known as Ticket Monster – dissects the competitive Korean e-commerce space, with an eye on how new technological applications can provide an operational edge
Korea securities firms: Brokerage bonanza
Korean securities firms are building PE teams with a view to raising capital from third-party investors. There is government support for these efforts, but independent GPs aren’t worried about increased competition
India's VC-backed Freshworks acquires domestic marketing player
Freshworks, an India and US-based cloud business software developer with several VC backers, has acquired Indian marketing software start-up Zarget.
Yunfeng, Alibaba invest $152m in Chinese cloud storage firm
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
Korean middle market: Up the ladder
Interest from foreign LPs in Korea’s middle-market is rising, but the segment is still dominated by domestic institutional investors. Changes to this dynamic are unlikely to arrive soon
Sequoia, Sofina lead $30m round for India’s MedGenome
Sequoia Capital India and Belgian investor Sofina have led a $30 million Series C round for MedGenome, an India and US-based company focused on molecular biology research and diagnostics.
Samara, Norwest in $77m exit from India's RBL
Samara Capital and Norwest Venture Partners have made a partial exit from India's RBL Bank for INR4.95 billion ($77 million).
Singapore’s EDBI in $33m round for Taiwan AI player
Singapore-based EDBI has joined a $33 million Series C round for Taiwanese artificial intelligence (AI) company Appier. It brings the company’s total funding to date to $82 million.
Blackstone hires ex-JP Morgan banker as Japan chairman
The Blackstone Group has appointed Katsuyuki Kuki, who previously spent nine years as an investment banker with J.P. Morgan, as its chairman and representative director for Japan.