Regions
Carlyle merges India growth, buyout teams
The Carlyle Group has merged its growth and buyout teams for India in order to streamline operations in the country.
China's VC-backed Zai Lab files for US IPO
Zai Lab, a Chinese drug developer backed by several venture capital investors, has filed for a US IPO. The company has yet to indicate how many shares it plans to sell or at what price.
NZVIF expands seed-stage mandate
The New Zealand Venture Investment Fund (NZVIF), a government-sponsored fund-of-funds, has doubled the investment cap of its seed-stage vehicle to NZ$1.5 million ($1.1 million) per company.
IFC proposes $5m commitment to Wavemaker Southeast Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $5 million to Wavemaker Partners’ Southeast Asia-focused venture capital fund.
Singapore’s Obike raises $45m Series B
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
Qiming leads $21m round for Chinese cancer drug developer
China-based cancer drug developer Antengene Corporation has completed a $21 million Series A round of funding led by Qiming Venture Partners.
Deal focus: EmergeVest doubles its money on denim deal
EmergeVest has secured its debut exit with a $400 million trade sale of denim and garment maker JD United Manufacturer
GPs in $90m round for China’s IMS New Media Group
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
Chinese medical device company Ankon raises $100m
Shanghai-based Ankon Medical Technologies, which develops medical equipment for gastric examination, has raised a $100 million round of funding from investors including SBCVC.
India's PE-backed Barbeque Nation files for IPO
Indian restaurant chain Barbeque Nation Hospitality has filed for an IPO that will provide an exit for its private equity backer CX Partners.
Hong Kong X invests six local start-ups
Hong Kong X-Tech Startup Platform, an angel fund and accelerator, has made its first investments by backing six local technology companies.
Advantage exits China’s ESG Holdings
Advantage Partners has completed a full exit of Hong Kong-based and China-focused facility management services company ESG Holdings. It was the Japan-focused firm's first China buyout.
Token sales: Cryptic beginnings
The sale of digitized contracts known as tokens has become a dominating force in early-stage start-up funding. Venture capitalists are beginning to cautiously participate as the phenomenon matures
Portfolio: The Rohatyn Group and BHC
The Rohatyn Group bought Korean fried chicken franchise BHC in 2013 with a view to ironing out inefficiencies, broadening brand appeal, and pursuing bolt-on acquisitions. It has made progress in each area
Data centers: The information edge
Asia’s booming online economies have created unprecedented demand for data center services, but private equity investors still must determine the best way to approach the industry
H Capital leads $150m round for China’s Zuoyebang
H Capital has led a $150 million Series C round of funding for Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu.
Mekong commits $4.9m to Vietnam education provider
Mekong Capital has invested $4.9 million for a minority stake in Yola, a Vietnam-based education services provider specializing in overseas test preparation and English language training.
Mandarin acquires Italian ceramics business
Europe-Asia cross-border private equity firm Mandarin Capital Partners has acquired a 100% stake in Italian household ceramics supplier Elios Ceramica.
Chinese GPs back sports marketing player Mailman
Mailman, a sports-focused digital marketing agency in Shanghai, has completed an extended Series A round of funding worth $3 million from Yao Capital and Kaixing Capital.
India's PE-backed Aster DM refiles for IPO
Indian hospital chain Aster DM Healthcare has refiled for an IPO in which its PE backer Olympus Capital Asia will make a partial exit.
CHAMP exits Australian mining, infrastructure services business
CHAMP Private Equity has sold Golding Group, an Australia-based provider of mining and civil infrastructure services that it has owned since 2008, to rival contractor NRW Holdings at an enterprise valuation of A$85 million ($66.9 million).
Lilly Asia closes healthcare fund at $450m hard cap
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
VCs commit $9m to Japan blockchain platform
Nippon Technology Venture Partners, Fisco Capital, and ABBALab have committed $9 million to Japanese cryptocurrency platform Tech Bureau.
Australian regulator queries PE-backed childcare merger
Australia’s competition regulator has expressed concerns about the merger of outside school care providers Camp Australia and Junior Adventures Group (JAG), both of which are private equity-owned.