Southeast Asia-focused Growtheum Capital Partners has announced its second dairy deal in five months, with an investment in Indonesia-based ABC Kogen Dairy, commonly known as Kin Dairy.
Kedaara Capital has acquired a significant minority stake in India-based education technology business K12 Techno Services, facilitating a partial exit for Peak XV Partners (formerly Sequoia Capital India).
Educational Initiatives was not part of India’s pandemic-driven ed-tech explosion. The PE-owned company emerged from the chaos having reaffirmed its sustainable, school-facing business model
China’s consumer sector is poised for one of its most lucrative vintages with investors able to take advantage of falling valuations, the AVCJ Private Equity & Venture Forum China 2023 heard.
L Catterton’s interest in Asian pet food and services has stretched from China to India and now Japan with a commitment of undisclosed size to Withmal, a Japanese veterinary services group.
KKR has agreed to re-up in India’s Reliance Retail, committing another INR 20.6bn (USD 250m) on top of the INR 55bn it put into the neighbourhood store-to-supermarket operator three years ago.
The Carlyle Group and Trustar Capital, private equity owners of McDonald’s China, are poised to abandon plans for a single asset continuation fund in favour of exiting part of their holdings and rolling over the rest into other funds.
Indian early-stage investor Anicut Capital has achieved a second close of about INR 3bn on its latest fund. The target is INR 5bn with a greenshoe of INR 250m.
FirstCry’s USD 52m funding round underscores the willingness of certain Indian family offices to lead sizeable technology deals and the importance attached by companies to investor base diversification
Indonesian venture capital firm Venturra has teamed up with Netherlands-based investment group Dasym to institutionalise operations ahead of the launch of its next fund.
Indian grocery delivery start-up Zepto has raised a USD 200m Series E round led by StepStone Group at a valuation of USD 1.4bn.
PAG has acquired Australian Venue, which owns a portfolio of pubs, bars, and restaurants across Australia, from KKR for more than AUD 1.4bn (USD 900m).
Qatar Investment Authority (QIA) has agreed to invest INR 82.8bn (USD 1bn) in the retail unit of Indian conglomerate Reliance Industries.
Three Indian family offices have committed INR 4.35bn (USD 52.7m) to domestic mother-and-baby retailer FirstCry through a secondary transaction that facilitated a partial exit for SoftBank Vision Fund, among others.
Gambol Pet, a Chinese mass-market pet food manufacturer backed by KKR and Legend Capital, has traded strongly since raising CNY 1.6bn (USD 220m) through a domestic IPO.
KKR has made its first tech growth investment in Korea with Musinsa, an online marketplace for a carefully curated selection of streetwear brands with export potential
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).
Evergrande New Energy Vehicle (NEV), the electric vehicle (EV) unit of defaulted property developer China Evergrande, has raised USD 500m from Dubai-based carmaker NWTN.
UK-based Octopus Ventures has led a AUD 14.5m (USD 9.4m) round for Australia-based customer retention platform Pendula.
Japanese social media company Mixi has set up a USD 50m corporate venture capital fund targeting Indian start-ups.
TPG Capital has agreed to acquire Australia-listed Invocare for an enterprise valuation of AUD 2.2bn (USD 1.4bn), ending a five-month pursuit of the provider of funeral services and operator of memorial parks and crematoria.
Japan’s Advantage Partners has sold online ticket marketplace Wavedash to Vivid Seats, a US-listed ticketing technology company, for JPY 8.7bn (USD 61m).
Advent International has agreed to acquire a controlling interest in Australia-headquartered fashion brand Zimmerman, facilitating a partial exit for Italy-based private equity firm Style Capital.
Japanese middle market private equity firm J-Star is bidding to acquire Yaizu Suisankagaku (YSK) through a tender offer that values the Tokyo-listed seafood business at about JPY 15bn (USD 91m).