Consumer
SoftBank, Mubadala in $4b round for China’s Didi Chuxing
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
Quadrant buys Ardent's Australia entertainment business
Quadrant Private Equity has agreed to buy the bowling and entertainment division of Australia’s Ardent Leisure Group for A$160 million ($123 million). This will be the second acquisition by the GP’s family and children’s entertainment platform.
SCPE buys control of Korea’s Sung Gyung Food
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sung Gyung Food, South Korea’s second largest toasted and seasoned seaweed producer, for $123.5 million.
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
FountainVest, OTPP back Hong Kong’s Pure Group
FountainVest Partners and Ontario Teachers’ Pension Plan (OTPP) have jointly invested in Hong Kong-headquartered fitness center and yoga studio operator The Pure Group.
Bain consortium buys Maldives seaplane operator from Blackstone - update
Bain Capital Private Equity has teamed up with two Chinese partners to acquire Trans Maldivian Airways (TMA), the world’s largest seaplane operator, from The Blackstone Group.
J-Star buys Japan restaurant business
J-Star has acquired Japanese restaurant operator Echigoya with a view to accelerating a domestic franchising strategy.
L Catterton invests in Indian restaurant operator
L Catterton Asia, the regional arm of consumer-focused GP L Catterton, has invested in Indian restaurant operator Impresario Entertainment and Hospitality.
Affinity buys Malaysia education business for $180m
Affinity Equity Partners has agreed to acquire the Malaysia-based assets of Laureate Education – a private equity-controlled global network of higher education institutions – for $180 million.
CITIC Capital to acquire New Zealand's Trilogy for $175m
CITIC Capital has agreed to buy Trilogy International (TIL), a producer of skincare products and fragrances listed in New Zealand and Australia, for NZ$250 million ($175 million) via a scheme of arrangement.
Hony to invest in Li & Fung consumer assets
Hony Capital has agreed to invest in several businesses – covering furniture, beauty, and apparel – from Hong Kong conglomerate Li & Fung for $1.1 billion.
Accel leads $10m round for India’s HomeLane
Accel Partners has led a $10 million Series C round for Indian interior design start-up HomeLane.
India's Teabox closes $7m Series B
Teabox, an online delivery service for fresh Indian tea, has closed a $7 million Series B funding round led by RB Investments.
Vertex leads $50m round for China’s Guoxiaomei
Vertex Ventures China has led an initial Series C round of funding worth $50 million for Guoxiaomei, a self-service smart shelf operator.
Chinese travel platform Mafengwo secures $133m Series D
Chinese travel services platform Mafengwo has raised $133 million Series D round from new investors including Ocean Link, General Atlantic, Temasek Holdings, Yuantai Investment, and Hopu Investment.
Sequoia-CMC sports fund backs China’s Supermonkey
Chinese fitness start-up Supermonkey has raised a Series C round of funding led by Jiansheng Sports Fund, a vehicle established by Sequoia Capital China and CMC Holdings.
China’s GenBridge closes debut fund at $500m hard cap
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.
China bike-sharing operator Hellobike raises $350m
Chinese bike-sharing operator Hellobike has raised $350 million in a Series D round of funding from several investors including Alibaba Group’s Ant Financial and Chengwei Capital.
Japan household robot maker secures $57m round
Innovation Network Corporation of Japan (INCJ) and Tokyo-based asset manager Sparx Group have agreed to invest at least JPY6.4 billion ($57 million) in household robot maker Groove X.
PE-backed Billabong gets $150m buyout offer
Australian surfwear brand Billabong International has received a A$198 million ($150 million) non-binding buyout offer from Boardriders, owner of the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
Coatue leads $177m round for Chinese comic book app
Kuaikan Comic, a mobile app that focuses on Chinese comic books, has raised a $177 million Series D round of funding led by Coatue Management.
Indian regulator reviews SoftBank’s Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
Legend leads $37.5m round for China’s ALO7
Legend Capital has led a $37.5 million Series D round for ALO7 Network Technology, which develops English learning materials for Chinese K-12 students.
Gaja backs Indian lifestyle brand Chumbak Design
Gaja Capital has led a INR850 million ($13.2 million) funding round for Indian consumer products company Chumbak Design.