Consumer
Lighthouse invests $35m in India's Aqualite
Lighthouse Funds has invested more than INR2.5 billion ($35 million) for a minority stake in Aqualite Industries, an Indian footwear manufacturer.
KKR invests $366m in Singapore's V3 Group
KKR has confirmed it will invest up to S$500 million ($366 million) in Singapore-based luxury lifestyle and wellness products company V3 Group at an enterprise valuation of about S$1.7 billion.
Hellman & Friedman makes $1.8b bid for NZ online marketplace
Hellman & Friedman has submitted a bid to acquire 100% of New Zealand-listed online auction and e-commerce company Trade Me for NZ$2.6 billion ($1.8 billion).
Steadview, Vy lead $50m Series D for India's UrbanClap
Hong Kong-based hedge fund Steadview Capital and existing investor Vy Capital have led a $50 million Series D round for Indian local services marketplace UrbanClap.
VIG buys global Korean fried chicken franchise
VIG Partners has agreed to buy a 55% stake in Bonchon International, a Korean fried chicken restaurant brand with 325 outlets across eight countries. The size of the transaction was not disclosed.
L Catterton invests China fitness club operator
L Catterton Asia has invested an undisclosed amount in Will’s Group, a China-based operator of fitness facilities and services, to support its domestic expansion plans.
India's VC-backed Drivezy raises $20m Series B
Drivezy, a vehicle sharing marketplace based in India, has raised a $20 million Series B round led by existing investor Das Capital, with participation by Japan’s Yamaha Motor Co.
Polaris to acquire Japan's O-Net from Rakuten
Polaris Capital has agreed to acquire Japanese online marriage services and event planning business O-net from e-commerce giant Rakuten for an undisclosed amount.
Chinese AI player Aibee gets $60m Series A
China and US-based artificial intelligence (AI) solutions provider Aibee has raised $60 million in a Series A round of funding led by Sequoia Capital China and Red Star Macalline, a Hong Kong-listed furniture mall operator.
PE-backed BabyTree raises $217m in Hong Kong IPO
BabyTree, a Chinese parent-focused social networking platform that engaged in a corporate restructuring intended to facilitate an onshore listing but then 12 months later decided to go public in Hong Kong, has raised HK$1.7 billion ($217.3 million) in...
Tencent-backed Tongcheng-Elong gains 26% on HK debut
Tongcheng-Elong, a Chinese online travel services company backed by Tencent Holdings, Ctrip and local PE player Ocean Link, surged on its Hong Kong trading debut following a HK$1.62 billion ($207 million) IPO.
Navis exits Malaysia's Alliance Cosmetics to Japanese strategic
Navis Capital Partners has exited Malaysian cosmetics company Alliance Cosmetic Group, maker of the SilkyGirl brand, to Japanese strategic player Mandom for an undisclosed amount.
Omidyar leads $11m Series B for India's Vedantu
Omidyar Network has led an $11 million Series B funding round for Indian educational technology start-up Vedantu.
DEG, Incofin invest $6m in Myanmar's Rent2Own
German development finance institution DEG and Belgium-based impact investor Incofin Investment Management have invested $6 million in Rent2Own, a motorcycle rental firm based in Myanmar.
China online fabrics trader Baibu raises $100m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $100 million in a second tranche of Series C funding led by Tiger Global Management.
SCPE buys controlling stake in Korean meat importer
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sunwoo, a South Korea-based meat importer, for $90.1 million.
Deal focus: L Catterton enters Japan with Owndays
In its debut Japan investment, L Catterton plans to help eyewear maker Owndays expand its customer-friendly business model outside its home market
Vision Fund invests $2b in Korea's Coupang
SoftBank Vision Fund has committed $2 billion to South Korean e-commerce business Coupang, reportedly valuing the company at $9 billion.
CITIC Capital buys control of cooking sauce brand Amoy
CITIC Capital has acquired a controlling stake in Amoy Food, a Hong Kong-based manufacturer of cooking sauces owned by Japanese food and beverage maker Ajinomoto, for an undisclosed sum.
GGV leads $108m round for Chinese e-commerce platform
Chinese community e-commerce platform Xiaoqule has raised $108 million in a Series A round of funding led by GGV Capital and Vertex Ventures.
Blackbird joins $7m round for New Zealand's Sunfed
Blackbird Ventures has joined a NZ$10 million ($7 million) funding round for Sunfed Meats, a New Zealand-based company that specializes in meat-like vegetarian foodstuffs.
Chinese financial education business receives $115m Series C
Golden Education, which claims to be China’s largest professional financial education provider, has received RMB800 million ($115 million) in Series C funding led by Hillhouse Capital and Morgan Stanley.
Korean GPs worry about valuations, wage hikes - AVCJ Forum
South Korean private equity investors warned the AVCJ Forum that valuations and an increase in the minimum wage could play havoc in the market next year following what has so far been a relatively benign 2018.
GPs need industry networks to source China buyouts - AVCJ Forum
Private equity firms should establish deep connections within target industries if they are to take advantage of China's emerging buyout opportunity, industry participants told the AVCJ Forum.