Industrials
Carlyle buys stake in Chinese textiles manufacturer
The Carlyle Group has agreed to invest RMB726 million ($108 million) for a 10% stake in Chinese home textiles maker Luolai Lifestyle Technology.
China B2B trading platforms: Business friendly
Online B2B trading platforms have the potential to bring efficiency and pricing transparency to the more fragmented segments of China’s industrial economy. It’s all about picking the right vertical at the right time
UK-based CD Capital acquires Australia's Verdant Minerals
CD Capital, a natural resources and mining-focused private equity firm based in the UK, has agreed to acquire Australian mining operation Verdant Minerals in a deal that values the company at A$40.5 million ($28.6 million).
Baidu Capital leads $466m Series C for China’s WM Motor
WM Motor Technology, a Chinese electric vehicle manufacturer, has raised RMB3 billion ($466 million) in a Series C round of funding led by existing investor Baidu Capital.
China cross-border logistics provider raises $104m
Fujian Zongteng Network, a provider of overseas storage and transportation services for Chinese e-commerce players, has raised a RMB700 million ($104 million) round led by GLP and Cathay Capital.
Tiger, Matrix lead $56m round for EV spin-out of India's Ola
Tiger Global Management and Matrix Partners India have co-led a INR4 billion ($56.3 million) investment in an independent electric vehicle (EV) company spun out from Indian ride-hailing platform Ola.
Affinity secures third Korea deal in three months
Affinity Equity Partners has announced its third Korea deal in as many months with an agreement to acquire a majority stake in ServeOne, LG Group’s maintenance, repair and operation (MRO) unit, for KRW602 billion ($535 million).
Convergent Finance buys stake in Hindustan Foods
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has led a INR1.5 billion ($21.6 million) investment in contract consumer goods manufacturer Hindustan Foods.
Chinese chip maker secures $22m Series B
National Chip, a Chinese manufacturer of chips for digital TVs, has raised a RMB150 million ($22 million) Series B round led by China’s State Development & Investment Corporation, with participation from Sinovation Ventures.
Australia's Brambles offloads crates business to ADIA, Triton
Australian container supplier Brambles has agreed to sell its global reusable plastic crates (RPC) business to Europe-based GP Trion and Abu Dhabi Investment Authority (ADIA) for $2.5 billion.
Australia's Artesian launches $36m agtech fund
Australia’s Artesian Venture Partners and government-backed Grains Research & Development Corporation (GRDC) have launched a A$50 million ($36 million) agriculture technology VC fund.
Direct Capital backs New Zealand engineering firm
New Zealand’s Direct Capital has made an investment of undisclosed size in local engineering consultancy Beca.
Coatue leads investment in logistics platform YunQuNa
China-based YunQuNa, which provides digital logistics services for shipping companies, has raised the second tranche of a Series B round led by Coatue Management.
Polaris exits Japanese timber company
Japan’s Polaris Capital has agreed to sell its 100% stake in domestic timber and building materials company Hivic for JPY8.5 billion ($77.4 million).
Deal focus: Legend backs Mancando’s offline network
Legend Capital sees Mancando's extensive network of brick-and-mortar outlets as the key to bringing greater supply chain efficiency to the Chinese auto parts industry
Chinese auto parts supplier raises $25m in Series A
Mancando, an automotive parts supplier based in Guangdong province, has raised RMB170 million ($25 million) in Series A funding led by Eastern Bell Venture Capital, with participation from Legend Capital.
Portfolio: QIC and North Australian Pastoral
Addressing Chinese demand was central to QIC’s acquisition of cattle breeder North Australian Pastoral, but the company has repositioned itself in response to changing patterns of consumption in global beef markets
Matrix China leads $60m round for Nasn Automotive
Shanghai-based Nasn Automotive, a manufacturer of vehicle wiring and brake systems, has raised RMB400 million ($60 million) in a Series B round of funding led by Matrix Partners China.
Chinese industrial waste processor raises $37m Series A
Ningbo-based industrial hazardous waste processor Nuoke Huanjing Keji has raised RMB250 million ($37.2 million) in a Series A round of funding participated by US-China Green Fund and Avic Trust.
Chinese satellite developer receives $37m angel round
Chang Guang Satellite Technology, a China-based commercial satellite developer, has raised RMB250 million ($37 million) in angel funding, underlining growing investor interest in space-related technology.
China supply chain solutions provider gets $356m Series A
Shenzhen-based Zhunshida, or Jusida, a logistics spin-out from Foxconn International, has raised RMB2.4 billion ($355.8 million) in Series A funding led by China Life Insurance.
Chinese AI start-up AInnovation raises $59m
Beijing-based artificial intelligence (AI) solutions provider AInnovation has raised RMB400 million ($58.9 million) in Series A funding led by CICC Alpha, a subsidiary of China International Capital Corporation.
Malaysia's OSK invests Singapore's Blue Planet
Malaysian private equity firm OSK Ventures International has made an investment of undisclosed size in Singapore waste management company Blue Planet Environmental Solutions.
Jafco acquires Japanese manufacturer from China SOE
Jafco has acquired Japanese construction equipment manufacturer Nagano Industry (NKK) from Chinese state-owned enterprise (SOE) Beijing Jingcheng Machinery Electric Holding (Jingcheng).
