Regions
VC investors to exit India's ItzCash to strategic
US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
Big beast: The SoftBank Vision Fund
SoftBank's global technology fund is significant enough to redraw the private equity investment opportunity in certain industries, if not to redraw the industries themselves
CITIC Capital in $600m Australian health acquisition
CITIC Capital China has joined a consortium including China’s Humanwell Healthcare to acquire the sexual health division of Australia-listed medical products supplier Ansell for $600 million.
SAIF, Accel in $30m round for India insurance start-up Acko
Acko General Insurance, an Indian online insurance broker, has raised $30 million from a group of investors including SAIF Partners and Accel Partners.
Japan’s Gree Ventures closes second fund at $67m
Gree Ventures, which was set up by Japanese mobile gaming company Gree, has closed its second early-stage VC fund at $67 million.
PE-backed UrWork, 5Lmeet get $116m from Beijing Xingpai
Chinese PE-backed co-working space operators UrWork and 5Lmeet – both of which were founded by Daqing Mao, formerly a real estate executive at China Vanke – have raised a total of RMB800 million ($116 million) from conglomerate Beijing Xingpai Group.
Deal focus: Mekong joins Nhat Tinh’s second trip
Mekong Capital backs the management team that grew and then sold Vietnam express delivery player Tin Thanh Express to repeat the trick with Nhat Tin Investment Trading
Australia's CHAMP PE closes Fund IV at $547m
CHAMP Private Equity has reached a final close of A$735 million ($547 million) on its fourth Australia and New Zealand-focused fund.
China biopharma player gets $25m Series B
CANbridge Life Science, a Beijing-based clinical-stage biopharmaceutical company focused on developing Western drug candidates in China and North Asia, has raised a Series B round worth $25 million.
China mobile communication app Chubao raises $100m
Shanghai-based mobile communication app developer Chubao Technology has completed a $100 million Series D round co-led by CCB International, an investment unit of China Construction Bank, and China PE firm HG Capital.
IFC proposes $40m commitment to Kedaara’s second India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $40 million to the second India-focused fund of Kedaara Capital.
Blue Sky exits Australia's HPS via $116m trade sale
Blue Sky Alternative Investors will exit its stake in HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, as healthcare business EBOS agreed to buy the asset for A$154 million ($116 million).
Sagar Ratna founder buys out India Equity Partners
Jayaram Banan, the founder of Indian restaurant chain Sagar Ratna, has bought out India Equity Partners’ (IEP) majority stake in the company.
Deal focus: Wish scales up cross-border e-commerce
Wish secures an extended Series F round to build out its platform that enables Chinese suppliers to sell cut-price goods to US and European consumers
Portfolio: Samara Capital and Cogencis
Cogencis’ market data terminals have made a strong showing in India against Bloomberg and Thomson Reuters. Now the Samara Capital-backed company is looking to repeat that success worldwide
Co-working spaces in Asia: Spaced out
Co-working spaces are proliferating in Asia as companies – from multinationals to start-ups – opt for more flexible real estate arrangements. The transition is real, but are the valuations justified?
MBK to buy Modern House from Korea's E-Land for $626m
MBK Partners has agreed to buy Modern House, the household and consumer goods unit of Korean retail giant E-Land Group, for KRW700 billion ($626 million).
Sino-Australian consortium to buy Icon Group from Quadrant
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
Frontline BioVentures merges with WuXi Ventures
Chinese healthcare specialists Frontline BioVentures and WuXi Healthcare Ventures have merged, forming a new investment firm called 6 Dimensions Capital.
China’s Cloudwise raises $26m from VCs
CBC Capital has led a $26 million Series C round for Cloudwise, a Beijing-based application performance management (APM) solutions provider, with participation from SIG Asia and Sequoia Capital China.
Partners Group buys majority stake in SPi from CVC
Partners Group has acquired a majority stake in Philippines-based business process outsourcing (BPO) provider SPi Global from CVC Capital Partners and Philippine Long Distance Telephone Company (PLDT) in a deal that values the business at $330 million.
Lok leads $5.6m Series B for India's Ummeed
Lok Capital has led a $5.6 million Series B round for Indian affordable housing finance company Ummeed Housing Finance.
CDH makes another partial exit from WH Group
CDH Investments has completed its third partial exit from WH Group in nine months, generating proceeds of HK$5.78 billion ($743 million) and reducing its holding in the Chinese pork producer to 3.24%.
India's PE-backed Dixon Technologies files for IPO
Dixon Technologies, a contract electronics manufacturer based in India, has filed for an IPO that will provide an exit to Motilal Oswal Private Equity (MOPE).