Regions
Affinity buys majority stake in Korean food container maker
Affinity Equity Partners has agreed to acquire a majority stake in Lock & Lock, a South Korean manufacturer of airtight food containers and kitchen household goods for KRW629.3 billion ($562 million).
IFC proposes $50m investment in India solar project
The International Financial Corporation (IFC), the investment arm of the World Bank, is set to invest up to $50 million in a solar power project operate by India’s Arinsun Clean Energy.
Accel, IDG in $25m Series B for India's CureFit
Indian health and fitness start-up CureFit has raised a $25 million Series B round from a group of investors including Accel Partners and IDG Ventures.
SDIC leads $65m round for China's CF PharmTech
SDIC Fund Management, a GP under China’s State Development & Investment Corporation, has led a $65 million Series D round of funding for CF PharmTech, a Chinese manufacturer of inhalers and nasal sprays.
Navis sells duck genetics business to Chinese strategic investors
Navis Capital Partners has sold Cherry Valley Group (CVF), a duck genetics supplier and a breeder of Peking ducks, to Beijing Capital Agribusiness Group (Sunlon) and CITIC Agri Fund Management for an undisclosed sum.
Hong Kong’s GoGoVan merges with 58 Daojia freight unit
Hong Kong-based GoGoVan, a VC-backed logistics start-up, and 58 Suyun, a freight unit of Chinese online-to-offline local services platform 58 Daojia, have agreed on an all-share merger that will create Asia’s largest online platform in the intra-city...
Singapore's VC-backed Grab commits $100m to Myanmar
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
Sequoia invests $8m in India's Bira 91
Sequoia Capital has invested $8 million in Indian brewer B9 Beverages, the maker of craft beer brand Bira 91.
Anacacia-owned Big River makes timber bolt-on
Big River Industries, an Australia-based construction materials manufacturer that Anacacia Capital took public three months ago, has bought industry peer Midcoast Timbers.
Australian regulator questions Platinum's OfficeMax acquisition
Platinum Equity’s acquisition of OfficeMax in Australia and New Zealand – which came shortly after the GP agreed to buy the regional operations of Staples – has been flagged by Australian regulators due to concerns that it could lessen competition...
China Life, Baidu launch $1b tech PE fund
China Life Insurance Group and internet search giant Baidu have agreed to form a RMB7 billion ($1 billion) private equity fund to invest in technology companies.
SoftBank Group, Vision Fund invest $4.4b in WeWork
US-based co-working space operator WeWork has received commitments totaling $4.4 billion from Japan’s SoftBank Group and its SoftBank Vision Fund.
SparkLabs launches $50m Korea, SE Asia venture fund
SparkLabs Global Ventures has launched a $50 million venture capital fund that will make Series A and B investments in Korean and Southeast Asian start-ups.
China's PE-backed Ele.me merges with Baidu Waimai
Ele.me, a Chinese food delivery ordering platform backed by Alibaba Holdings and several private equity investors, has confirmed its merger with Baidu Waimai, the food delivery business of Chinese internet giant Baidu.
VCs invest $16m in India's Ezetap
JS Capital Management has led a $16 million funding round for Indian mobile payment solutions provider Ezetap.
DCM leads $31.8m round for China B2B oil trading platform
DCM Ventures has led a $31.8 million Series B round for 51Zhaoyou.com, a China-based B2B oil trading platform.
Singapore AI start-up raises $5.9m Series A
Taiger, a Singaporean artificial intelligence start-up focused on business efficiency products, has closed an S$8 million ($5.9 million) Series A funding round led by domestic private equity firm Tembusu Partners.
Australia's Alium raises $79m venture fund
Australia-based Alium Capital has received A$100 million ($79 million) in commitments for its debut venture capital fund, meeting the targeted corpus.
Everstone exits Canada's Faces to Sequoia
India-based GP Everstone Capital has fully exited Canadian skincare and makeup company Faces Cosmetics Canada to Sequoia Capital India.
Partners Group appoints Japan head
Partners Group has appointed Shunsuke Tanahashi (pictured) as head of the private equity firm’s Japanese business.
VCs in $30m round for China car sales platform
Welight Capital, a China-based venture capital firm founded by former Tencent Holdings executives, has led a RMB200 million ($30 million) Series B round for Maihaoche.com, a Chinese new car sales platform. Northern Light Venture Capital also participated.
China’s VIPKid raises $200m Series D
VIPKid, a China-based English-language learning platform backed by VC investors, has completed a $200 million Series D round of funding, in what the company claims is the largest investment in the K-12 education space globally.
Affinity, KKR end takeover talks for Australia’s Vocus
KKR and Affinity Equity Partners have withdrawn their bids to acquire Australian broadband internet provider Vocus Group.
Aberdeen Standard Investments names new China head
Aberdeen Standard Investments, a new global asset manager created by the merger of Aberdeen Asset Management and Standard Life Investments, has named a China head to strengthen the firm’s relationships with Chinese investors.