Industrials
Japan's Endeavor United secures two industrials deals
Endeavour United, a Japanese private equity firm established by the team behind turnaround investor Phoenix Capital, has completed two acquisitions in the packaging and chemicals industries.
Chinese fashion design platform raises $14m
Linctex Digital, a Shanghai-based design services platform for the fashion industry, has raised RMB100 million ($14 million) in funding led by Gaorong Capital. Shunwei Capital, Vision Plus Capital, Baidu Ventures and Yinxinggu Capital also took part.
IFU leads $23m Series B for Indian agrilogistics firm
Leap India Food Logistics (LIFL), an Indian agricultural warehousing and logistics firm, received INR1.64 billion ($23 million) in a Series B round led by the Investment Fund for Developing Countries (IFU), a Danish development finance institution.
Hahn & Co agrees $322m acquisition of SK Chemicals unit
Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5 billion ($322 million). It is the private equity firm’s fourth carve-out of an SK Group-owned business.
Japan's TDK invests air mobility developer
Japan’s TDK Corporation has made a VC commitment of undisclosed size in AutoFlightX, an electric air mobility company based in Germany with a significant China presence.
Bain pursues $824m buyout of Japan's Showa Aircraft Industry
Bain Capital has submitted a tender offer for Show Aircraft Industries, a Japanese manufacturer that specializes in paneling for aircraft interiors, that values the business at JPY90 billion ($824 million).
Deal focus: Baibu broadens its fabric scope
VC-backed Chinese B2B fabrics trading platform Baibu is making the transition from online marketplace to cloud-based consolidator of the country's fragmented factories
EMR-backed consortium acquires Australian gold mine
A consortium backed by mining-focused GP EMR Capital and Singapore’s Golden Energy & Resources has agreed to acquire an Australian gold mine in a deal worth up to A$300 million ($207 million).
Goldman Sachs, SK back Korea cold chain play
Goldman Sachs and SK Group have committed a combined KRW50 billion ($43 million) to a Korean expansion by cold chain logistics operator Belstar Superfreeze.
Lightspeed, Bosch lead $173m round for China's Hesai
Chinese smart sensor maker Hesai Technology has raised a $173 million Series C round led by Germany’s Bosch Group and existing investor Lightspeed China Partners.
Riverside exits Malaysian chemicals business
The Riverside Company has exited one of its few remaining Asia Pacific investments outside of Australia with the sale of Malaysia-based specialty chemicals distributor DCM Asia.
Chinese industrial internet platform gets $42m Series A
Xreacloud, an industrial internet-of-things (IoT) platform incubated by Chinese state-owned construction machinery manufacturer XCMG, has raised RMB300 million ($43 million) in Series A funding.
Circulate hits first close on Asian ocean protection fund
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
Maritime start-up accelerator launched in Singapore
US-based accelerator business Techstars and Singaporean logistics giant Eastern Pacific Shipping have teamed up for a maritime start-up accelerator in Singapore.
Chinese guidance fund secures $21b in LP commitments
China’s Ministry of Finance has rallied state-owned enterprises (SOEs) and local governments to support a RMB147.2 billion ($20.9 billion) fund that will drive a transformation of the country's manufacturing sector.
IMM set for 2.3x return from Korea's Tailim Packaging
IMM Private Equity is expected to deliver a 2.3x return on its investment in Tailim Packaging Group following an agreement to sell the cardboard box manufacturer to Sae-A Trading for an enterprise valuation of around $1.5 billion.
Alibaba invests $3.3b in logistics affiliate Cainiao
Alibaba Group has enlarged a controlling stake in its PE-backed shipping affiliate Cainiao Smart Logistics Network with a $3.3 billion investment.
CPE adds to Australian defense, aerospace assets
CPE Capital – formerly known as CHAMP Private Equity – has secured its second Australian defense sector deal in eight months with an agreement to buy Levett Engineering.
CDIB completes acquisition of Taiwan's Jintex
CDIB Capital has confirmed completion of its NT$1.9 billion ($61 million) acquisition of Taiwanese chemicals producer Jintex.
Deal focus: Cornell picks Lorom for Asia debut
Cornell Capital, a US-based mid-market buyout firm, is starting to realize its Asian ambitions with an investment in Taiwan-based industrial supplier Lorom Holding. Bolt-on expansions appear likely
Deal focus: Fast fashion strategy pays off for Worldtool
CLSA Capital Partners backed Japan's Worldtool having been won over by a Uniqlo-inspired business model. It turned into a domestic and overseas expansion story
Kejora, InterVest lead $30m Series B for Malaysia's Aerodyne
Indonesia’s Kejora Ventures and Korea’s InterVest have jointly led a $30 million Series B investment in Malaysian drone technology supplier Aerodyne.
Cornell Capital completes first Asian investment
US-based mid-market buyout firm Cornell Capital has made its first investment in Asia with a commitment to Taiwan-headquartered cable manufacturer Lorom Holding.
GGV backs Singapore dental 3D printing company
GGV Capital has joined a group of investors in a venture round of undisclosed size for Structo, a Singapore-based 3D printing company focused on the dental industry.
