Consumer
Carlyle Asia secures exit as Permira buys Golden Goose for $1.4b
Golden Goose, an Italian luxury footwear brand acquired three years ago by The Carlyle Group’s Europe and Asia funds, has been sold to Permira for around EUR1.3 billion ($1.4 billion).
Chinese online insurance player raises $55m in US IPO
Huize Holding, a Shanghai-based insurance platform backed by SAIF Partners, has raised about $55 million in a US IPO.
VC and age: No industry for old men
The trendy, shape-shifting world of venture capital is broadly seen as a young person’s game, although hard evidence to this effect remains in scarce supply
China B2B platform Yijiupi raises new round, buys Zskuaixiao
Yijiupi, a Chinese B2B e-commerce platform that initially focused on liquor products, has acquired local B2B consumer goods distributor Zskuaixiao. It has also secured a new round of funding backed by several Zskuaixiao investors.
Australian online book retailer gets $13m
Booktopia, an Australian online retailer specializing in books, has closed a Series A round of A$20 million ($13.4 million), after 16 years of self-funding.
Northstar joins $20m round for Indonesia education start-up
Northstar Group and Beenext have joined a $20 million Series A round for Indonesia’s Zenius Education.
Samsung Ventures backs Japan tourism operator
Samsung Ventures has led a group of Korean investors in a Series B round for H2O Hospitality, which claims to be Japan’s largest vacation rentals provider.
Japan's Global Brain invests biometric ID player
Japan’s Global Brain has led a Series B round of undisclosed size for Gtriip, a biometrics-focused identity authentication technology provider pursuing a pan-Asia expansion.
Deal focus: Navegar dips its toe in e-commerce
Navegar sees Great Deals E-commerce, a provider of delivery and digital services to traditional retailers in the Philippines, as a proxy for growth in online shopping
Joy Capital leads $88m round for China's Shihuituan
Joy Capital has announced its participation - as the lead investor - in an $88.3m funding round for Chinese community group buying platform Shihuituan, which is also known as Nice Tuan.
Advantage-owned Japanese funeral services business to go public
Advantage Partners is set to make a partial exit from Kizuna Holdings Corporation, a Japanese funeral services business it acquired for around JPY2 billion ($18 million) in 2016, through an IPO.
AVCJ Awards 2019: Exit of the Year - Mid Cap: Manuka Health
Pacific Equity Partners set up Manuka Health for an Asia-focused chapter of growth with a three-year overhaul that contributed significantly to the transformation of an industry
MasterCard invests India payments player Pine Labs
MasterCard has invested an undisclosed sum in Pine Labs, an Indian payments technology provider backed by PayPal, Temasek Holdings, and Sequoia Capital India.
Navegar backs Philippines e-commerce enabler
Philippines private equity firm Navegar has invested $12 million in local online retail industry services provider Great Deals E-commerce.
AVCJ Awards 2019: Responsible Investment: Organica
SEAF’s commitment to a farm-to-shop natural foods retailer highlights the idea that even sustainability-focused businesses may have room for improvement beneath the surface
Northstar seeks $800m for Southeast Asia fund
Northstar Group, a Southeast Asia-focused private equity firm that counts Indonesia as its core market, is looking to raise $800 million for its fifth fund, according to sources familiar with the situation.
Deal focus: Australia's SiteMinder plans international expansion
Australia-based SiteMinder benefited from being an early mover in the global hotel software space. It has joined a select group of local B2B players endowed with international scale and strong cashflow
BGH offers $536m for Australia media group
Australian private equity firm BGH Capital has offered to acquire 100% of Village Roadshow in a deal that values the Sydney-listed media group at around A$783 million ($536 million).
Japan's J-Star agrees IT jobs platform acquisition
Japanese private equity firm J-Star has agreed to acquire Gino, a local IT industry job search platform, for an undisclosed sum.
Japanese professional services marketplace raises $36m
Japanese start-up Minma, which operates P2P jobs and services marketplace Curama, has raised a JPY4 billion ($36.5 million) Series C round led by Nissay Capital, the VC unit of Nippon Life Insurance.
CITIC Capital seeks to increase McDonald's China stake
CITIC Capital is bidding for a 22% stake in the McDonald’s China and Hong Kong business held by CITIC Group, formerly its parent and now one of several shareholders.
Zomato acquires India business of Uber Eats
Uber’s foray into food delivery in India has come to an end with the sale of the business to local peer Zomato through an all-stock deal.
AVCJ Awards 2019: Deal of the Year - Mid Cap: Hangzhou UCO Cosmetics
CITIC Capital’s acquisition of Hangzhou UCO Cosmetics was predicated on the rise of China’s beauty industry, but it is also part of a broader ecosystem play
China's Danke raises $130m in scaled back IPO
Chinese apartment rental platform Danke raised about $130 million in a smaller-than-expected US IPO that was primarily underwritten by existing private equity investors.