Regions
Fund focus: Apis seeks to make specialization count
Apis is relying on its team's financial services expertise and networks to deliver the goods in South Asia and Africa. LPs have given them $287 million with which to prove the thesis
Australia launches incubator in Singapore
The Australian government has launched a start-up incubation program in Singapore that will focus on emerging industries, including services, and support new export market opportunities.
PE and smart manufacturing: Intelligent designs
The emergence of internet-connected manufacturing has created a new investment area that will impact adjacent sectors and even entire economies for decades to come. PE is among the early movers
VIDEO: Lorna Chen, Shearman & Sterling
Lorna Chen, partner and head of the Asia asset management and investment funds practice at Shearman & Sterling, discusses China outbound investment
CMC, Sequoia launch sport fund, back China kickboxing business
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.
Ally Bridge backs $301m Luoxin Pharma take-private
Healthcare-focused PE investor Ally Bridge Group will support the HK$2.3 billion ($301 million) management-led take-private of Hong Kong-listed Shandong Luoxin Pharmacy Group.
Platinum to buy Staples' Australia, New Zealand business
US-based private equity firm Platinum Equity has agreed to buy the Australia and New Zealand businesses of business products supplier Staples.
CPPIB, CDPQ form Southeast Asia logistics partnership
Canada Pension Plan Investment Board (CPPIB) has teamed up with Caisse de Depot et Placement du Quebec (CDPQ) and Australia-headquartered property company Logos to develop logistics projects in Singapore and Indonesia.
Pioneer hits $180m hard cap on third New Zealand fund
New Zealand’s Pioneer Capital has hit the hard cap of NZ$260 million ($180 million) on its third growth fund, beating the target of NZ$210 million. It follows the first investment from the new vehicle in Havelock North Fruit.
GIC invests $113m in India's Can Fin
Singapore sovereign wealth fund GIC Private has invested about INR7.5 billion ($113.2 million) for a 13.4% stake in Indian mortgage lender Can Fin Homes.
Carlyle exits India's Edelweiss for $131m
The Carlyle Group has fully exited its stake in India’s Edelweiss Financial Services for INR8.7 billion ($131 million) in an open market transaction.
Denham platform to assume control of Australia-listed miner
Denham Capital has agreed to take full ownership of Cradle Resources, an Australia-listed mining company that holds a 50% interest in a niobium deposit in Tanzania, at a valuation of A$55 million ($41.6 million).
Qualcomm, Accel back India-China IoT player Borqs
Qualcomm Ventures and Accel Partners India have co-led a new round of funding worth $10 million for Borqs, an India-China venture that develops internet-of-things (IoT) devices.
Northstar withdraws interest in Singapore-listed Spindex
Northstar Group has withdrawn its interest in Singapore-listed precision components manufacturer Spindex Industries after a consortium led by the company’s chairman acquired a more than 50% stake in the business, putting it on course for a buyout.
Legend leads $36m round for China truck logistics platform
Legend Capital has led a RMB250 million ($36 million) Series C round for Fuyoukache, a Beijing-based online truck logistics platform.
Goodwater leads $48m investment in Korea's Viva Republica
US-based venture capital firm Goodwater Capital has led a KRW55 billion ($48 million) Series C funding round for South Korean financial technology company Viva Republica.
Dymon reaches $20m first close on VC fund
Singapore-based hedge fund Dymon Asia Capital has reached a first close of $20 million on its debut venture capital vehicle.
IFC proposes $25m investment in Carlyle Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $25 million to The Carlyle Group’s latest Asia growth fund, which has a target of $1 billion.
Hong Kong PE buys into US-HK entertainment merger
Co-High Investment Management, a Hong Kong-based private equity firm focused largely on culture and media, has agreed to invest in a film production company formed through a US-Hong Kong merger.
Apis closes South Asia, Africa fintech fund at $287m
Emerging market financial technology investor Apis Partners has closed its debut fund at $287 million. It has already deployed about $130 million across five deals in South Asia and Africa.
Australia to streamline foreign investment approvals
The Australian government has proposed an amendment to foreign investment rules introduced in late 2015 that require some private equity firms to obtain regulatory approval when making a buyout.
Business cycles: China bike-sharing start-ups
Mobike and Ofo are engaged in a battle of private equity-fueled one-upmanship as they strive for supremacy in China's bike-sharing space. Will they die off, merge or become differentiated (and profitable)?
IDG-led consortium completes buyout of Osram unit
A Chinese consortium led by IDG Capital has completed the purchase of Ledvance, the lamps business of German lighting manufacturer Osram, for approximately EUR500 million ($527 million).
Dual currency fundraising: Servant of two masters
A resurgence in renminbi fundraising has prompted GPs best known for US dollar funds to enter the local currency market. Addressing conflicts of interest in an increasingly complex industry will prove difficult