Regions
China flexible display developer Royole raises $58m
Royole Corporation, a China-based flexible display technology developer, has received RMB400 million ($58 million) in Series D funding from a domestic GP Beijing Zhongtai Chuanghui Equity Investment Fund.
Endeavour United to buy Pizza Hut Japan
Endeavour United, a GP established by the team behind turnaround investor Phoenix Capital, has agreed to buy Pizza Hut Japan and Phoenix Foods from Mitsubishi Corporation-controlled KFC Holdings Japan.
SoftBank marks down India's Ola, Snapdeal by $1.4b
SoftBank has marked down the value of part of its investment portfolio, including holdings in India-based online marketplace Snapdeal and ride-hailing app Ola, bringing its total losses in the companies so far to JPY160 billion ($1.4 billion).
IFC set to back Stellaris' debut India VC fund
The International Finance Corporation (IFC) is considering a $10 million commitment to the debut fund of Stellaris Venture Partners, a spin-out from Indian VC firm Helion Venture Partners.
Hong Kong's AID Partners buys Israel's GeneSort
Hong Kong-listed private equity firm AID Partners has acquired Israel-based molecular diagnostics company GeneSort for $23 million.
Pagoda leads Series A for China smart sensing player
China-focused VC firm Pagoda Investment has led a RMB110 million ($16 million) Series A round of funding for Hesai, a Shanghai-based company that develops smart sensing technology solutions.
Deal focus: WuXi NextCode eyes mass-market genomics
By acquiring NextCode Health in 2015, WuXi Pharmatech combined its gene sequencing capabilities with one of the world's largest genome datasets. PE investors are backing the business to sell genomic testing services to Chinese patients
VIDEO: Barry Lau, Adamas Asset Management
Barry Lau, managing partner and CIO at Adamas Asset Management, discusses private debt opportunities in China
CMB PE unit leads round for Shanghai pop group developer
Shanghai Star48 Culture & Media, a media agency that developed Chinese female pop group SNH48, has raised a Series C round of funding led by CMB International Capital, a private equity unit of China Merchants Bank.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
Tencent backs US music app Smule in Asia push
Chinese internet giant Tencent Holdings has led a $54 million funding round for Smule, a US-based social media music company, to support its expansion in Asia.
Japan fundraising: Middle market momentum
Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?
One Belt One Road: Critical mass
One Belt One Road aims to recast two continents’ worth of disconnected developing markets as a global economic nucleus. It is a geopolitical watershed with deep and complex investment potential
BOCI leads Series C for Chinese online gold trading platform
An investment unit of Bank of China International (BOCI) has led a RMB200 million ($29 million) Series C round for G-banker, a Chinese online gold trading platform that has several venture capital backers.
CDIB Capital backs World Gym Taiwan
CDIB Capital, the PE arm of Taiwan's China Development Financial, has acquired a minority stake in World Gym Taiwan, the largest fitness center chain in Taiwan, alongside several co-investors. Financial terms were not disclosed.
India's VC-backed Matrimony files for IPO
Indian online matchmaking services provider Matrimony.com has filed for an IPO that will provide exits for VC investors Mayfield India and Bessemer Venture Partners.
Hewlett Packard Enterprise to launch Singapore incubator
Hewlett Packard Enterprise (HPE) will launch an incubator program in collaboration with Singapore’s Economic Development Board (EDB) as part of plans to invest $140 million in the city state over the next five years.
China serviced apartment operator gets $43m
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
IFC proposes $40m investment in India's Aavas Financiers
The International Finance Corporation (IFC) is considering an investment of up to $40 million in debt in Aavas Financiers, a housing finance business that Partners Group and Kedaara Capital bought last year from non-banking financial company (NBFC) Au...
Sequoia, Banyan lead $51m round for China’s Xiaodian
Sequoia Capital China and Banyan Capital have led a RMB350 million ($51 million) Series B round of funding for Xiaodian, a Beijing-based power bank rental company.
Singapore’s Garena rebrands as Sea, raises $550 million
Singapore-headquartered mobile internet and gaming platform Garena has rebranded as Sea and raised $550 million from a group of investors including existing backer Global Digital Prima (GDP) Venture of Indonesia.
TPG, OTPP pursue carve-up of Australia's Fairfax Media
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have submitted a buyout offer for Fairfax Media that would see them assume control of certain assets – including newspapers The Sydney Morning Herald, The Age and The Australian Financial Review...
CLSA closes third Japan fund at $400m hard cap
CLSA Capital Partners (CLSA CP) has become the seventh private equity firm to close a Japanese mid-market fund since the start of the year, hitting the hard cap of $400 million for its third vehicle.
Iron Pillar reaches $20m first close on debut fund
Indian venture capital firm Iron Pillar Capital Management has reached a first close of INR1.3 billion ($20 million) on its debut India fund.