Industrials
KKR targets stake in Philippine power developer
KKR has offered to acquire up to 9% of First Gen Corporation, a power plant operator in the Philippines, for PHP7.29 billion ($144 million).
KKR, Japanese banks pump $1.2b into Marelli
Marelli, a leading global automotive components supplier formed when KKR combined Japan’s Calsonic Kansei Corporation with Europe-based Magneti Marelli, has secured JPY130 billion ($1.2 billion) in additional funding to ride out a market downturn.
IDG, Accel back take-private of Hong Kong’s Sky Solar
IDG Capital Partners and Accel Partners have joined a take-private bid for Sky Solar Holdings that values the Hong Kong-based and NASDAQ-listed power provider at around $2.5 billion.
China smart logistics provider Galaxis raises $14m
Chinese logistics robot and intelligent equipment supplier Galaxis Technology has raised RMB100 million ($14 million) in Series D funding led by China Capital Investment Group.
Shaw Kwei invests in Hong Kong cosmetics industry supplier
Shaw Kwei & Partners has announced an investment in International Cosmetics Suppliers (ICS), a Hong Kong-based packaging specialist for the global beauty industry.
IAG invests in Australia agtech player
Insurance Australia Group (IAG) has made an investment of undisclosed size in local start-up Digital Agriculture Services (DAS) via its VC unit Firemark Ventures.
China's JD.com raises $230m for MRO unit
JD MRO, a subsidiary of Chinese e-commerce giant JD.com that specializes in industrial maintenance, repair and operations (MRO), has raised $230 million in Series A funding led by GGV Capital.
Intel Capital backs three Chinese start-ups
Intel Capital has invested in two Chinese semiconductor suppliers and a Chinese medical technology developer as part of a $132 million commitment spread across 11 start-ups.
Coronavirus & Vietnam: Hobbled winner
A successful COVID-19 containment plan has underlined Vietnam’s status as a leading investment destination in Southeast Asia. GPs are impressed but still hamstrung
PEP looks to cut OPTrust into Zenith Energy deal
Pacific Equity Partners (PEP) wants to bring OPTrust into its bid for Australia-listed off-grid power provider Zenith Energy after the Canadian pension fund built up a sizeable position in the company.
China chip maker ASR hits $1.6b valuation at Series D
ASR Microelectronics, a Shanghai-based manufacturer of chips for use in consumer electronics, has closed an extended Series D round of $119 million. The company is now valued at more than $1.6 billion.
Singapore's RWDC Industries secures $133m Series B
RWDC Industries, a Singapore-based start-up that is developing fully biodegradable alternatives to single-use plastics, has raised $133 million in Series B funding.
Deal focus: Circulate makes early moves in a must-win battle
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
Chinese autonomous trucking start-up Inceptio raises $100m
Inceptio, a Chinese autonomous driving technology provider focusing on line-haul trucking has raised $100 million. The investors were not disclosed. Previous backers include logistics giant GLP, autonomous car maker Nio, and fleet manager G7.
Singapore’s Circulate Capital makes debut investments
Circulate Capital, a Singapore investor dedicated to ocean pollution management, has made its first investments in two plastic recycling start-ups in India and Indonesia.
Chinese environmental protection business raises $16m
Addor Capital has led a RMB110 million ($15.5 million) Series A round for Shandong-based Pengda Environmental Protection Technology.
Qiming leads round for Chinese display chip provider
Yunyinggu, a Chinese manufacturer of integrated circuits used in flat screen displays, has raised RMB200 million ($28 million) in Series C funding across two tranches.
Warburg Pincus re-ups in India's Apollo Tyres
Warburg Pincus has invested INR5.4 billion ($70.2 million) in Apollo Tyres to follow up on an earlier investment in the company. This continues a recent trend of PE players increasing their stakes in Indian public companies.
Deal focus: Korean GPs seal semiconductor carve-out
Alchemist Capital Partners and Credian Partners' acquisition of MagnaChip Semiconductor’s foundry services group was the largest PE buyout in Korea during the first quarter. AVCJ and Mergermarket offer some insights
Deal focus: TVS SCS targets supply chain upgrade
Gateway Partners is backing India's TVS Supply Chain Solutions to become more than just a traditional domestic logistics player
Korean GP invests $16m in electronics industry supplier
Moat Private Equity, a Korea GP set up last year, has taken an approximately 14% stake in KOSDAQ-listed electronics industry supplier Exax for KRW19.8 billion ($16 million).
China's Haier raises $134m for industrial internet platform
COSMOPlat, an industrial internet platform developed by Chinese home appliance giant Haier Group, has raised RMB950 million ($134 million) in Series A funding led by the state-owned China Structural Reform Fund.
Japanese AI edge developer secures Series B funding
AISing, a Japan-based developer of edge artificial intelligence (AI) technology used in industrial robots and self-driving cars, has raised JPY700 million ($6.5 million) in Series B funding.
Fund focus: 8F reels in $358m
Singapore's 8F Asset Management is taking sector specialization to a new level with a $358 million fund that focuses exclusively on salmon aquaculture projects
