Ascendent Capital Partners has joined the battle for Hollysys Automation, a US-listed Chinese provider of industrial automation and rail transportation solutions, by submitting a bid that values the business at USD 1.6bn.
Japan’s Sensyn Robotics, which develops drones for various industrial inspection applications, has raised JPY 2.25bn (USD 15m) in growth funding from several local banks and VC investors.
Korean private equity firm Hahn & Company is set for its sixth deal in five years involving local conglomerate SK Group, having agreed to carve out a fine ceramics business for KRW 360bn (USD 267m).
The Blackstone Group and Vista Equity Partners have agreed to acquire Energy Exemplar, an Australia-based simulation software company, setting up a sizeable exit for The Riverside Company.
Japanese GP Integral Corporation has agreed to sell fertiliser maker Nitto FC to Ichinen Holdings, a listed automotive supplier with interests in industrial chemicals, for an undisclosed sum.
US-based Algenesis has figured out how to make plastic from algae. Singapore’s Circulate Capital is helping the company bring the technology to Asian manufacturers
Hidden Hill Capital, a private equity firm backed by warehouse operator turned logistics and infrastructure investment manager GLP, has led a CNY 1bn (USD 137m) Series B round for China-based logistics vehicle manufacturer CS Smart.
Indian contract manufacturer Aequs has raised INR 4.5bn (USD 54m) in equity funding led by Singapore-based Amansa Capital.
KKR-owned Kokusai Electric gained 28% on debut after raising JPY 108.3bn (USD 720m) in Japan’s largest IPO in five years.
LeapMotor, a Chinese electric vehicle (EV) manufacturer that received substantial private funding prior to its Hong Kong IPO in September 2022, has agreed to sell an approximately 20% stake to European automaker Stellantis for HKD 8.5bn (USD 1.1bn).
Philippines private equity firm Navegar has led a USD 34m Series C round for Singapore-based supply chain technology provider Inteluck with support from East Ventures.
India, US, and Nigeria-based renewable energy developer Husk Power has raised USD 43m in Series D funding from global VC investors for a South Asia and sub-Saharan Africa mini-grid rollout.
Bain Capital and Chinese industrial infrastructure developer DNE Group have jointly launched a USD 250m advanced manufacturing investment platform.
Korea’s STIC Investments has agreed to sell biofuels producer Daekyung Oil & Transportation to a consortium backed by SK Group, Korea Development Bank (KDB), and Eugene Private Equity.
TPG Rise Climate, a dedicated climate fund under TPG’s global impact platform, has invested about INR 14.7bn (USD 176m) in an engineering and digital services division of India’s Tata Motors.
US-based meat and processed food maker Tyson Foods has received preliminary bids from private equity firms including Trustar Capital, Bain Capital and BPEA EQT for its China poultry business, according to two sources familiar with the matter.
Legend Capital and Oriza FoFs have led a CNY 600m (USD 81m) Series D round for Leadrive, a Shanghai-headquartered manufacturer of semiconductor power modules and motor control units used in electric vehicles (EVs).
MTR Lab, a technology and innovation arm of Hong Kong transport operator MTR, has teamed up with Gobi Partners to invest HKD 46.8m (USD 5.9m) in local sustainable construction start-up isBIM.
Brookfield Asset Management has launched its second India renewable energy platform in three months, committing USD 845m alongside Axis Energy to the latest venture.
Singapore-based InterContinental Energy, a company developing green hydrogen fuel projects in Australia and the Middle East, has raised USD 115m from GIC and specialist investor Hy24.
Australia’s Neara, a software-as-a-service (SaaS) platform that helps power companies simulate natural disaster scenarios, has closed a USD 24m Series B round featuring Prosus Ventures.
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
KKR is eyeing a partial exit from Kokusai Electric after the Japan-based semiconductor industry supplier announced plans to raise JPY 111.2bn (USD 749m) through a Tokyo IPO.
Paine Schwartz Partners has reached an agreement to acquire Australian fresh fruit and vegetables supplier Costa Group for an enterprise value of approximately AUD 2.46bn (USD 1.58bn).