Sectors
Bain seeks delisting of Chindata within three years of listing
Bain Capital has submitted a USD 2.9bn take-private bid for Chindata Group, a largely China-focused data centre operator that it assembled through a buy-and-build and took public in October 2020.
Japan's J-Star buys freight forwarding company
Japan’s J-Star has acquired local freight forwarding business Japan Trust Holdings for an undisclosed sum as part of a transportation services consolidation play.
Northstar's managing partner to become CEO of GoTo
Patrick Walujo, a co-founder and managing partner of Northstar Group, has been appointed group CEO of Indonesian super app GoTo, with the Southeast Asia-focused private equity firm telling LPs it expects minimal impact to day-to-day business.
PAG invests $200m in India's RK Pharma
PAG has invested USD 200m in RK Pharma, a US-headquartered generic drug maker with significant operations in India.
India’s HealthifyMe raises $30m
LeapFrog Investments and Khosla Ventures have led a USD 30m pre-Series D round for India-based mobile health and fitness app HealthifyMe.
CDH leads $52m round for China's Boss Digital
The venture-growth unit of China's CDH Investments has led a CNY 370m (USD 52m) round for Boss Digital Procurement Technology Development, a subsidiary of Shenzhen-listed Fujian Boss Software.
Bain boosts take-private offer for Australia's Estia
Bain Capital has increased its take-private offer for Australia-listed aged care provider Estia Health – to a point where the business is valued at about AUD 826.8m (USD 550m) – after an earlier bid was rejected.
Monolith closes debut China VC fund on $264m
Sequoia Capital China spinout Monolith Management has closed its debut venture capital fund at USD 264m, surpassing the hard cap of USD 250m.
NewQuest, GIC back Everbridge's South Asia continuation fund
NewQuest Capital Partners and GIC have supported a USD 267m continuation fund for Capital Group Private Markets spinout Everbridge Partners, two years after a larger deal involving some of the same assets failed to close amid portfolio volatility.
Hong Kong's AIA commits $200m to LeapFrog
Hong Kong-listed insurance company AIA Group has agreed to commit USD 200m to various funds managed by LeapFrog Investments, a UK-based impact investor with an extensive Asia footprint.
Nuvama leads $53m round for India's Course5
India’s Nuvama Asset Management, formerly Edelweiss Wealth Management, has led a USD 53m investment in local data analytics start-up Course5 Intelligence.
China AI player Mobvoi files for Hong Kong IPO
Mobvoi, which claims to be China’s largest revenue-generating artificial intelligence (AI) company focusing on content generation, has filed for a Hong Kong IPO.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Deal focus: Prosperity7 supports gradual ascent to L4
Saudi Aramco-owned Prosperity7 Ventures has made two investments in Hyperview this year, based on appreciation for the company’s commercially oriented approach to autonomous driving
Deal focus: Evermos extends impact to social commerce
Indonesia’s Evermos has more than doubled its total funding as investors see promise in a social commerce model that prioritises cottage industries and underemployed women
Q&A: Jafco Asia’s Shahan Sud
Singapore’s Jafco Asia, a division of Japanese VC mainstay Jafco, hired Shahan Sud last year as its first in-country investment director for India. He explains a cross-border bridge long in the making
China’s first US-listed SaaS company forced to delist
The New York Stock Exchange (NYSE) has suspended trading of China’s Cloopen and will apply to delist the software-as-a-service (SaaS) provider due to a failure to file its annual reports.
Praxis invests $170m in Korea's Beyond Music
Korean private equity firm Praxis Capital has led a USD 170m investment in local music rights investment and management company Beyond Music.
Quadrant scales up Australia growth equity fund to $397m
Australia’s Quadrant Private Equity upsized the debut fund under its new growth-stage strategy to AUD 600m (USD 397m), having originally targeted AUD 300m.
EMIA backs Cambodia logistics provider
Singapore-based private equity investor Emerging Markets Investors Alliance (EMIA) has confirmed an investment of undisclosed size in Cambodia’s FWF Full Well and Nisshin Logistics.
Australia's PE-backed Silk Laser set for take-private
Australia-listed Silk Laser Clinics, a non-surgical aesthetics business backed by local PE firm Advent Partners, has signalled it intends to accept a take-private offer from Hong Kong’s EC Healthcare.
India satellite imaging player Pixxel gets $36m Series B
Google is one of several new investors in a USD 36m Series B round for Pixxel, an India-based satellite imaging provider targeting climate change use cases. The company has now raised USD 71m in private funding to date.
India home rentals platform NestAway acquired by strategic player
Aurum PropTech, a listed Indian property technology provider, has acquired NestAway, a home rentals platform that previously received several rounds of private funding, for INR 900m (USD 11m).
Little Red Book invests in PE-backed Chinese coffee chain
M Stand - a China-based coffee shop chain with ambitions to become the Starbucks for China's younger generation - has raised an extended Series B round of several hundred million renminbi led by local social commerce platform Little Red Book.
