Regions
Sequoia commits $20m to Indian co-working space Awfis
Sequoia Capital India has committed $20 million in Series B funding to Awfis Space Solutions, a Mumbai-based provider of co-working spaces.
China co-working space operators UrWork, New Space merge
UrWork, a Chinese VC-backed co-working office space provider, has agreed to merge with its industry peer New Space. The combined entity will be worth RMB9 billion ($1.3 billion).
Navis buys New Zealand egg producer Mainland Poultry
Navis Capital Partners has agreed to buy a majority stake in New Zealand-based egg producer Mainland Poultry. The size of the deal was not disclosed but local media reports put it at NZ$300-350 million ($207-242 million).
KKR, JIP seek $2.3b buyout of Japan's Hitachi Kokusai Electric
KKR has announced its third tender offer for a Japanese company in six months, teaming up with Japan Industrial Partners (JIP) and Hitachi on a JPY257.1 billion ($2.3 billion) bid for Hitachi Kokusai Electric.
Singapore government launches $716m PE fund
The Singapore government and domestic GP Makara Capital have launched a S$1 billion ($716 million) private equity fund that will focus on intellectual property (IP)-driven companies.
KV Asia exits Singapore nursing home business
KV Asia Capital has exited its 100% interest in Singaporean nursing home services provider Orange Valley Healthcare to a local media company for about S$164 million ($117.5 million).
Deal focus: Samara backs facilities services buy-in
Samara Capital has combined Sanjay Management Services and Blue Bell Integrated Facility Services with a view to introducing a higher level of management to India's office buildings
New Horizon acquires Japan firefighting business
New Horizon Capital has agreed to acquire the firefighting equipment business of Japanese manufacturing firm IHI Shibaura Machinery Corporation (ISM).
Portfolio: Archer Capital and Australia's Allity
During its ownership of Allity, Archer Capital has focused on putting the aged care company a cut above the competition. Now the GP believes its premium care bet is poised to pay off
Oriza Seed leads $25m Series A for Shanghai biotech firm
Oriza Seed Venture Capital, an early-stage and growth-stage investment unit under China’s Oriza Holdings, has led a $25 million Series A round for EpimAb Biotherapeutics, a Shanghai-based biopharmaceutical firm.
CITIC Capital to exit Japanese chemicals manufacturer
CITIC Capital has agreed to exit 100% of Japanese chemicals manufacturer Polymatech to two domestic strategics.
Baring Asia, CPPIB to privatize Nord Anglia in $4.3b deal
Baring Private Equity Asia has agreed a $4.3 billion privatization of Nord Anglia Education, a school operator it took private in the UK in 2008 and relisted in the US three years ago. Canada Pension Plan Investment Board (CPPIB) is also participating...
Fund focus: DSG wins with early-stage angle
Deepak Shahdadpuri's DSG Partners Asia has secured $40 million for its second fund, which targets early-stage consumer opportunities in India and Southeast Asia
Korea healthcare: Quickening pulse
Korea’s government is playing a long game by propping up the local health tech start-up ecosystem. VCs that share this vision are identifying the obstacles and planning for growth
China's sharing economy: The peer effect
Bicycle-sharing is following the lead of ride-hailing in China – with start-ups consuming large amounts of capital in a battle for market share. What does it say about the broader sharing economy opportunity?
SeedPlus Singapore closes debut fund at $18m
SeedPlus Singapore, a Southeast Asia-focused seed fund run by Jungle Ventures, has closed its debut fund at S$25 million ($18 million).
IMM commits $266m to Korean shipbuilder
IMM Investment has agreed to invest KRW300 billion ($266 million) in Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
MBK-owned ING Life to raise $972m in Korea IPO
MBK Partners will make a partial exit from ING Life Korea as the insurer raises KRW1.1 billion ($972 million) in its domestic IPO.
China, US-based Sensoro raises $18m Series B
Sensoro, an internet-of-things (IoT) technology supplier based in the US and China, has received an $18 million Series B funding round from Tsing Capital, Sumitomo Corporation and Bosch.
China’s Yi Capital closes $116m VC fund
Yi Capital, a Beijing-based VC firm founded by two former partners at CDH Investments, has closed its debut renminbi-denominated fund at RMB800 million ($116 million).
Ant Financial invests in VC-backed bike-sharing service Ofo
Ofo, a Chinese bike-sharing company that completed its $450 million Series D round of funding less than two months ago, has received a strategic investment of undisclosed size from Ant Financial, Alibaba Group’s financial services affiliate.
IMM launches tender offer for Korean cosmetics player
A consortium led by IMM Investment has agreed to pay KRW188.2 billion ($166 million) for a 25.54% stake in Korean cosmetics manufacturer Able C&C and launched a tender offer to secure control of the business.
DeClout launches incubator in Singapore
DeClout, a holding company focused on developing IT and cloud computing technology providers, has launched a start-up incubator via its venture capital arm in Singapore.
KKR exits India's Dalmia Bharat for $238m
KKR has sold its entire stake in Indian conglomerate Dalmia Bharat (DBL) for INR15.3 billion ($238 million).