Industrials
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
GLP backs $1.37b take-private of Hong Kong's Li & Fung
The founders of Hong Kong-listed Li & Fung have teamed up with PE-owned warehouse operator GLP on a take-private offer that values their company at HK$10.7 billion ($1.37 billion).
Singapore GP nets $358m for salmon farm fund
Singapore impact investor 8F Asset Management has closed its debut fund at $358 million, beating a target of $300 million. It is dedicated to building a global salmon fishing business.
Singapore's Gateway invests $100m in TVS Supply Chain Solutions
Gateway Partners, an emerging markets-focused private equity firm based in Singapore, has invested $100 million in TVS Supply Chain Solutions (TVS SCS), an Indian supply chain management services company.
Europe's Eurazeo promotes Asian agenda
Eurazeo’s Europe-China fund – a joint effort with China Investment Corporation (CIC) and BNP Paribas – will come online at the end of this month with an initial EUR400 million ($445 million) in dry powder. It is the France-based GP’s latest milestone...
PEP's secure assets fund to buy Australia-listed Zenith Energy
Pacific Equity Partners (PEP) has agreed to acquire 100% of Australia-listed off-grid power company Zenith Energy in deal that values the company at A$250 million ($163 million).
Deal focus: Linctex makes SaaS pay in China
Vision Plus Capital identified Linctex after conducting a deep dive into China's textile industry supply chain. It believes the company has the right model - and is in the right industry - to make software-as-a-service work
Chinese autonomous mining vehicle provider raises $14m
Cathay Capital has led an extended tranche of Series A funding worth RMB100 million ($14 million) for Waytous, a Chinese autonomous driving start-up focused on the mining industry.
CITIC, CDH, Legend invest $300m in China freight business
CITIC Capital, CDH investments and Legend Capital have invested $300 million in SF Freight, a sub-brand of Chinese courier company SF Express, through a convertible note issue.
Sequoia leads $14m Series B for China’s Mech-Mind Robotics
Mech-Mind Robotics, a provider of intelligent solutions for industrial robots, has raised a RMB100 million ($14 million) Series B round led by Sequoia Capital China.
KKR to exit Japan's Pioneer DJ
KKR has agreed to sell its majority stake in AlphaTheta Corporation, a Japanese DJ equipment manufacturer previously known as Pioneer DJ, to domestic photo processing equipment producer Noritsu Koki for JPY35 billion ($324 million). The deal is worth...
AVCJ Awards 2019: Exit of the Year - Large Cap: KCF Technologies
Recognizing strong demand trends for electric vehicle batteries, KKR turned around KCF Technologies within two years before exiting the Korean business with a 6.5x return
Warburg Pincus invests in India's Apollo Tyres
Warburg Pincus will invest INR10.8 billion ($150.7 million) in Apollo Tyres, a multinational tire manufacturer headquartered in India.
Blackstone buys Chinese Logistics business for $38m
The Blackstone Group has bought 80% interest in Guangdong-based Foshan Ruixin Logistics Management from Chinese conglomerate Dongbai Group for a tentative price of RMB269 million ($38 million).
Translink joins $94m round for Germany’s Volocopter
Translink Capital, a US-based VC focused on facilitating cross-border connections with Asia, has joined a EUR87 million ($94 million) for German flying car developer Volocopter.
China logistics player Yimidida raises $140m
Yimidida, a Chinese logistics platform has raised RMB1 billion ($140 million) in an extended tranche of Series D funding. The round took place in parallel with the firm’s acquisition of Shanghai-based UC Express.