Consumer
DCP agrees carve-out of Cargill's China poultry unit
DCP Capital has agreed to buy the China-based poultry business of US-headquartered food and agriculture corporation Cargill for an undisclosed sum.
Singapore's Capillary Technologies gets $45m Series D
India-founded and Singapore-headquartered retail industry software-as-a-service (SaaS) provider Capillary Technologies has raised a USD 45m Series D round featuring India’s Avaatar Ventures.
Investor caution, bid-ask spreads hold back China secondaries
Secondaries investors see a lot of potential GP-led deal flow coming out of China, but completion rates are being held back by caution among buyers and a reluctance among sellers to compromise on valuations.
Australia's Real Pet Food taps investors for equity injection
Hosen Capital, New Hope Group, and Temasek Holdings have led a AUD 248m (USD 161.2m) equity injection into Australia-based chilled pet food supplier Real Pet Food to pay down debt and support growth.
Dymon backs take-private of Singapore's Challenger Technologies
Dymon Asia Private Equity has launched a SGD 224m (USD 180m) take-private bid for Challenger Technologies in conjunction with the Singapore-listed electronics retailer's CEO.
Deal focus: KKR brings impact to the classroom
EQuest Education has enlarged its K-12 school footprint in Vietnam through a string of acquisitions. KKR continues to support this consolidation effort via its global impact investment strategy
Deal focus: Chalo thinks beyond the bus stop
India bus-tracking app Chalo is helping fleet operators eliminate fraud and improve efficiency while giving passengers greater visibility on services. It is keen to scale – geographically and vertically
India home appliance manufacturer Atomberg raises $86m
Steadview Capital and Singapore’s Temasek Holdings have led a USD 86m funding round for Atomberg Technologies, an India-based home appliances manufacturer best known for its electric motor fans.
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
VC investors primed for exit with China Youzan reorganisation
Hillhouse Capital and Matrix Partners China are set for liquidity events after China Youzan, an e-commerce software-as-a-service (SaaS) business listed in Hong Kong, agreed to take full control of its key subsidiary for HKD 2.6bn (USD 334.5m).
Singapore's BandLab raises $25m
Singapore-based social music creation platform BandLab has raised USD 25m from Cercano Management, formerly Vulcan Capital, a vehicle established by Microsoft co-founder Paul Allen.
KKR invests $120m in Vietnam school operator
KKR has invested USD 120m in Vietnam school operator EQuest Education via its global impact fund. The deal comprises a combination of debt and equity.
Blackstone buys jewellery certification business, China's Fosun exits
The Blackstone Group has paid USD 569.7m for 100% of Belgium-headquartered jewellery certification business International Gemological Institute (IGI), taking out investors including China’s Fosun Group.
CPE sells Australia used car business to Japan's Sojitz
CPE Capital has sold part of Dutton Group, an Australia-based used car dealer it has owned since 2016, to Japan’s Sojitz Corporation for an undisclosed sum.
TPG re-engages with improved offer for Australia's Invocare
TPG Capital has been granted due diligence access to Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria, after making an improved offer that values the business at approximately AUD 2.2bn (USD 1.5bn)....
Deal focus: Indonesia food delivery goes daily
Indonesia’s Uena claims to have penetrated an untapped corner of Indonesia’s booming app-driven food delivery space. Scaling shouldn’t be overly costly, but there are menu-level nuances to consider
South by Southeast: Asia's next growth engine?
Grouping together markets based on growth and scale is a problematic with South Asia and Southeast Asia as it was with the BRIC economies. But to some extent, investors are buying into the story
India's Convergent invests $49m in Puma sportswear spinout
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has invested INR 4bn (USD 49m) in Agilitas Sports, a local spinout of German sportswear giant Puma.
KKR takes out Rakuten's stake in Japanese retailer Seiyu
KKR has increased its stake in Japanese supermarket operator Seiyu to 85%, having taken out a position held by local e-commerce giant Rakuten, which supported the private equity firm’s carve-out in 2020.
China's Pudu Tech raises another tranche of Series C funding
Pudu Tech, a China-based manufacturer of service robots, has raised a fourth tranche of Series C funding amounting to several hundred million renminbi (CNY 100m equates to USD 14m) from local investor Yuedu Capital.
Singapore coffee chain raises $50m Series B
US-based VC firm White Star Capital has led a USD 50m Series B round for Singapore's Flash Coffee, an app-driven coffee chain.
Foundation secures secondary deal with India's Carpediem
Asia secondaries specialist Foundation Private Equity has acquired stakes in three portfolio companies held by India’s Carpediem Capital through the purchase of new and existing shares.
Singapore wine cleantech start-up raises $10m
Singapore’s EcoSpirits, a start-up focused on low-carbon technology for the wine industry, has raised a USD 10m Series A round led by US circular economy specialist Closed Loop Partners.
CLSA exits Japan parking lot operator to Advantage
CLSA Capital Partners (CLSA CP) has agreed to sell Japanese coin-operated parking lot business Ecolocity to Advantage Partners for an undisclosed sum.