Industrials
Japan's J-Star buys freight forwarding company
Japan’s J-Star has acquired local freight forwarding business Japan Trust Holdings for an undisclosed sum as part of a transportation services consolidation play.
PAG invests $200m in India's RK Pharma
PAG has invested USD 200m in RK Pharma, a US-headquartered generic drug maker with significant operations in India.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Deal focus: Prosperity7 supports gradual ascent to L4
Saudi Aramco-owned Prosperity7 Ventures has made two investments in Hyperview this year, based on appreciation for the company’s commercially oriented approach to autonomous driving
EMIA backs Cambodia logistics provider
Singapore-based private equity investor Emerging Markets Investors Alliance (EMIA) has confirmed an investment of undisclosed size in Cambodia’s FWF Full Well and Nisshin Logistics.
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.
China energy storage player Fox ESS raises $141m
Fox ESS, a China-based energy storage company also known as Maitian Energy, has raised CNY 1bn (USD 141m) in a pre-IPO round led by Ori-mind Capital at a post-money valuation of more than CNY 10bn.
Deal focus: U Power wins backing for EV turnkey proposition
China’s U Power has developed an integrated chassis as a cost-effective foundation on which electric vehicle makers can build their own creations. Government and independent investors are piling in
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.
Shenzhen Capital backs Chinese titanium metal producer
Shenzhen Capital Group has participated in a CNY 2.27bn (USD 321m) funding round for Yunnan National Titanium Metal, a subsidiary of Shenzhen-listed chemicals producer LB Group.
Australian satellite provider Fleet gets $33m Series C
Australian satellite maker and services provider Fleet has closed a AUD 50m (USD 33m) Series C round led by Blackbird Ventures following an aggressive foray into mining.
Energy transition: An emerging speciality
Kerogen Capital is trying to plot a more nuanced course into energy transition than building renewables. It is one of a growing number of nascent specialists in the space.
Deal focus: Investcorp finds optimal entry point with Jianuo
Investcorp negotiated its debut China control deal in the shadow of COVID-19 but expects to see long-term gains through the target company’s exposure to electric vehicles and renewable energy
Deal focus: PrimeMovers buys Malaysia machinist in debut deal
PrimeMovers, which spun out from Platinum Equity last year, and UK-based Lingotto Investment Management have jointly acquired Malaysian precision manufacturing company EngTek
China EV chassis maker U Power gets Series B funding
U Power, a China-based manufacturer of electric vehicles (EVs) and smart EV chassis, has raised several hundreds of millions of renminbi in Series B funding led by Hefei Industry Investment.
Australia, US carbon reporting start-up raises $9m
Understory Ventures, an Australian environmental impact investor, has led a USD 9m Series A round for Australia and US-based carbon reporting technology provider Flintpro.
Bain buys Japan software player IDAJ
Bain Capital has acquired IDAJ, a Japan-based engineering solutions provider that provides digital platforms to facilitate project development and computer-based design simulation systems.
Investcorp completes debut China control deal
Investcorp has acquired a controlling stake in China’s Shandong Jianuo Electronics, a components supplier for the electric vehicle (EV) and renewable energy industries, for an undisclosed sum.
Profile: Mandala Capital’s Uday Garg
Uday Garg realised an unlikely career arc from tennis to private equity with the establishment of India’s Mandala Capital. This was guided by a passion for achieving impact in food and agriculture
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
Bosch backs China’s AutoCore.ai
Bosch Ventures and Boyuan Capital - both investment units of Germany-headquartered engineering and technology giant Bosch Group - have joined a Series A extension for Chinese automotive systems software supplier AutoCore.ai.
Hong Kong family office SPAC agrees $27bn merger with Vingroup EV unit
A special purpose acquisition vehicle (SPAC) launched by the family office of Lawrence Ho, son of Macau casino tycoon Stanley Ho, has agreed to merge with the electric vehicle (EV) unit of Vietnam’s Vingroup.
Q&A: ShawKwei & Partners’ Kyle Shaw
Kyle Shaw, founder and managing partner of ShawKwei & Partners, on bright spots in industrial manufacturing and becoming more Southeast Asia-centric as supply chains reduce China exposure
Dymon backs take-private of Singapore’s Penguin International
Dymon Asia Private Equity has teamed up with the executive chairman of Penguin International on a take-private bid that values the Singapore-listed shipbuilder at SGD 29.2m (USD 22m).
