Regions
TPG partner set to lead KKR's India PE business
KKR has recruited Gaurav Trehan, a partner at TPG Capital, to head up its private equity operations in India.
Hong Kong ups disclosure requirements for biotech IPOs
The Hong Kong Stock Exchange has tightened disclosure requirements for companies looking to take advantage of two-year-old reforms permitting listings by pre-revenue biotech companies.
General Atlantic joins PE backers of Reliance's India app platform
General Atlantic has agreed to invest INR65.98 billion ($870 million) in Jio Platforms, becoming the fourth investor in the holding company for Indian conglomerate Reliance Industries' internet and telecom assets.
TA backs Australia's Honan Insurance
TA Associates has confirmed a growth investment of undisclosed size in Australian corporate insurance provider Honan Insurance.
Jio Platforms: India's giant in waiting
From Silver Lake to Vista Equity Partners to Facebook, international investors are flocking to Reliance Industries' internet and telecom platform. But can the business deliver on its undoubted potential?
Deal focus: Pop Mart dominates China’s dolls
Best known in China for the Molly series of fashion dolls, Pop Mart emerged as a leader before many others recognized the market potential. The Loyal Valley Capital-backed company is now preparing for an IPO
Cathay closes second mid-market fund at $860m
Cathay Capital has closed its second middle-market fund, which invests in China, Europe and North America, with EUR800 million ($860 million) in commitments. The original target was EUR1.2 billion.
China robotics, AI player Data Ground raises $35m
Data Ground, a Chinese robotics and artificial intelligence (AI) technology developer, has raised RMB270 million ($35 million) in an extended Series B round led by Shenzhen Venture Capital.
ADV backs China postgraduate, vocational training specialist
ADV Partners has completed its investment in Universal Education Holdings, a China-based online provider of postgraduate test preparation and vocational training under the Wanxue brand.
Q&A: C2 Partners' Chris Tay
Chris Tay, an experienced food and beverage operator in China who now leads C2 Partners, discusses dining and social distancing, restaurant bankruptcies, and Luckin Coffee
Tencent, Sequoia invest $244m in property manager Shimao
Shimao Services, the property management arm of Hong Kong-listed Shimao Property, has raised $244 million from Tencent Holdings and Sequoia Capital China.
India's Sixth Sense targets $200m for third fund
Sixth Sense, an Indian venture capital firm that invests in early-stage start-ups, has set a target of INR15 billion ($200 million) for its third fund.
Tencent invests in PE-backed Tim Hortons China expansion
Tencent Holdings has invested in the China franchise of coffee-and-donut chain Tim Hortons, which operates as a joint venture between Restaurant Brands International (RBI) and Cartesian Capital Group.
Japan biotech player raises $25m Series B
Japanese biotech developer Modulus Discovery has raised $25.5 million in Series B funding from a group of local VCs including SBI Investment.
Indian agtech start-up raises $5.9m Series A
Indian agricultural technology start-up Intello Labs has raised $5.9 million in a Series A funding round led by Saama Capital, Singapore’s Grow and SVG Ventures-Thrive.
Gaorong leads Series A for Chinese gene sequencing player
Qitan Technology, a Chinese gene sequencing company, has raised RMB100 million ($14 million) in Series A funding led by Gaorong Capital. Other backers include Yinxinggu Capital and Yahui Preision Medical Fund.
QIC explores Virgin Australia bid
Queensland Investment Corporation (QIC) has been asked by the state government, its ultimate owner, to explore a bail-out for beleaguered airline Virgin Australia Holdings (VAH).
Intel Capital backs three Chinese start-ups
Intel Capital has invested in two Chinese semiconductor suppliers and a Chinese medical technology developer as part of a $132 million commitment spread across 11 start-ups.
UAE’s EMPG acquires Rocket-backed Lamudi Global
EMPG, a real estate classifieds marketplace group headquartered in the United Arab Emirates, has acquired Lamudi Global, which runs property market portals in the Philippines and Indonesia.
China last-mile delivery platform files for US IPO
Dada Nexus, a Chinese last-mile delivery platform backed by the likes of JD.com, Walmart, Sequoia Capital China, and DST Global, has filed for a US IPO.
Deal focus: GudangAda fills FMCG distribution void
Keeping every small store in Indonesia well-stocked is a monumentally complex challenge that GudangAda tackles by bringing buyers and sellers together online.
Coronavirus & Vietnam: Hobbled winner
A successful COVID-19 containment plan has underlined Vietnam’s status as a leading investment destination in Southeast Asia. GPs are impressed but still hamstrung
KKR to buy majority stake in Australia's Colonial First State
KKR will buy a 55% stake in Colonial First State (CFS), the wealth management arm of Commonwealth Bank of Australia (CBA), in a deal that values the business at $3.3 billion ($2.1 billion).
Deal focus: RWDC's plastics replacement mission
RWDC Industries believes it has a biodegradable substitute for plastic that can be produced at scale. The Singapore and US-based company now has $133 million in VC funding to help make its case
