Regions
Japan's Baseconnect gets $41m Series B
Japanese corporate contact and recruitment database provider Baseconnect has raised a JPY 5.4bn (USD 41m) Series B round led by Z Venture Capital (ZVC), formerly YJ Capital.
Carlyle launches tender offer for Japan's Iwasaki Electric
Iwasaki Electric, a Japanese lighting solutions provider that has worked on projects ranging from sports stadiums to hospitals, is set to be acquired by The Carlyle Group through a tender offer at a valuation of JPY 34.9bn (USD 266m).
India, US-based Usher closes $50m Series C
Third Point Ventures has led a USD 50m Series C round for India and US-based enterprise artificial intelligence (AI) and automation technology provider Ushur.
MO Alts pays $48m for stake in Indian diaper maker
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 4bn (USD 48m) in India’s Pan Healthcare, a hygiene products maker best known for diapers.
LP interview: Quilvest Capital Partners
Fund-of-funds Quilvest Capital Partners was an early-mover in PE globally but has maintained a lean profile that speaks to its family office roots. It is pressing ahead with a China and India-focused Asia strategy
Deal focus: EdenFarm rethinks Indonesian agriculture
EdenFarm is tackling Indonesia’s fragmented agribusiness space with a B2B fresh produce marketplace that not only helps distribute crops, but helps them grow in the first place
Deal focus: Serving the sole trader
Accounting software provider Hnry has built up a following among freelancers and self-employed tradespeople in New Zealand and Australia. A USD 25m Series B will help it look further afield
Fund focus: ChrysCapital accumulates $1.4b India war chest
For ChrysCapital Partners, raising India’s largest private equity fund reflects the growth in the economy and in the investment opportunity, with bigger deals across more sectors on the agenda
Monolith sets $250m hard cap for China fund
Monolith Management, an investment firm established by Xi Cao, formerly a partner at Sequoia Capital China, has set the hard cap at USD 250m for its debut China venture capital fund.
Adamantem buys Australia's Retail Zoo from Bain
Adamantem Capital has acquired a majority stake in Retail Zoo, operator of Australia-headquartered food retail brands Boost Juice and Betty’s Burgers, from Bain Capital for an undisclosed sum.
Carlyle names Harvey Schwartz as CEO
The Carlyle Group has appointed Harvey M. Schwartz, formerly president and co-COO of Goldman Sachs, as its new CEO.
AVCJ Awards 2022: Deal of the Year – Large Cap: Crown Resorts
Crown Resorts represented a daunting target, given its size and pandemic and regulatory-related challenges. The Blackstone Group drew on its global know-how to make the USD 8.1bn deal work
Shunwei, Xiaomi lead round for China automotive chip maker
Rhino, a China-based developer of chips used in autonomous driving, has raised an extended angel round of several hundreds of millions of renminbi.
Singapore accelerator targets packaging industry
Enterprise Singapore (EnterpriseSG) and US packaging giant Avery Dennison are bankrolling a start-up accelerator that will explore everything from new boxing materials to tech-enabled tags.
Alvarez & Marsal expands PE coverage in Australia
Alvarez & Marsal (A&M) has appointed Timo Schmid as a managing director and head of its newly established private equity performance improvement practice in Australia and New Zealand.
China plans rollout of registration-based IPOs to all exchanges
China has proposed expanding the registration-based IPO system, which is intended to offer listing candidates lighter-touch regulation and a smoother path to the bourse, to all domestic stock markets.
Australia's Future Fund posts loss in 2022
Australia’s Future Fund posted a 3.7% loss for the 2022 calendar year amid rising inflation and volatility in public markets – with Peter Costello, the fund’s chairman, warning of further challenges to come.
University of Melbourne VC fund hits $70m first close
The University of Melbourne has hit a first close on a VC fund that will invest in university-related entrepreneurs and researchers with AUD 100m (USD 70m) in commitments.
China's Structure Therapeutics soars on US debut
Structure Therapeutics, a China and US-based drug developer specialising in novel oral therapeutics, performed strongly on its trading debut following an upsized USD 161.1m NASDAQ IPO.
AVCJ Awards 2022: Responsible Investment: Sido Muncul
Affinity Equity Partners leveraged a minority position to exert significant influence on the growth of Sido Mucul, an Indonesian herbal wellness brand with a complex, fragmented operating model
AVCJ Awards 2022: Firm of the Year – Large Cap: Baring Private Equity Asia
Baring Private Equity Asia’s 2022 was punctuated by a high-profile merger with EQT, a bumper fundraise, and USD 10bn in exits. Jean Eric Salata, now head of BPEA EQT, shares his thoughts on the market
Southeast Asia's Openspace seeks $650m for latest vintage
Southeast Asia-focused Openspace Ventures is targeting USD 300m for its fourth venture capital fund and USD 350m for its second growth vehicle.
Japan's Global Brain, Meiji Yasuda launch $39m VC fund
Japan’s Global Brain has further extended a string of corporate VC partnerships, teaming up with Meiji Yasuda Life Insurance to launch a JPY 5bn (USD 39m) fund.
Sequoia backs China hydrogen battery player
Sequoia Capital China has led a CNY 240m (USD 36m) Series C round for Suzhou-based Thinkre New Material, a battery technology supplier focused on hydrogen fuel cells.