Industrials
Deal focus: Telexistence’s nimble robots target retail, logistics
Japan’s Telexistence appears to be on the cusp of a significant milestone in retail automation. Local logistics tech investor Monoful is hoping to take that promise to the warehouse
Glenwood sells Korean films business to French strategic
Glenwood Private Equity has sold its majority stake in Korea-based industrial films producer PI Advanced Materials to France-headquartered Arkema for an enterprise value of EUR 728m (USD 817m) – six months after BPEA EQT pulled out of a deal to buy...
Deal focus: Aerofugia wins support for eVTOL tilt
China’s Tsinghua Holdings Capital (TH Capital) regards eVTOL as the best way to leverage electrification of the skies. Aerofugia became a preferred target by virtue of its Geely ties and commitment to tilt-rotor technology
Indonesia's eFishery closes $200m Series D
Indonesian aquaculture start-up eFishery has closed a USD 200m Series D round led by Abu Dhabi-based 42XFund and featuring Northstar Group and 500 Global.
Japan's Telexistence gets $170m Series B
Japanese connected robotics start-up Telexistence has raised USD 170m in Series B funding featuring SoftBank Group, Foxconn, Airbus, and Globis Capital Partners.
China manufacturing software player UJoin raises $14m
China-based manufacturing services business UJoin-Tech has raised a Series A of CNY 100m (USD 14m) led by Vision Plus Capital and Jinma Investment, a private equity fund launched by Ant Group and the Zhejiang provincial government.
China's Hithium Energy Storage raises $622m
Xiamen Hithium Energy Storage Technology, a China-based battery manufacturer, has raised a Series C round of CNY 4.5bn (USD 622m) led by Beijing Financial Street Capital and China Life Insurance's private equity unit.
Japan procurement marketplace secures $89m Series C
Six Japanese venture capital firms have led a Series C round of USD 89m for Caddi, operator of a B2B procurement marketplace that services the manufacturing sector.
Paine Schwartz pursues take-private of Australia's Costa
Paine Schwartz Partners has submitted a AUD 1.6bn (USD 1.07bn) buyout offer for listed Australian fresh fruit and vegetables supplier Costa Group – eight years after it took the business public.
Korean battery materials supplier raises $302m
IMM Investment and Premier Partners are the largest participants in a KRW 400bn (USD 302.7m) funding round for EcoPro Innovation, a battery materials business of KOSDAQ-listed EcoPro.
Brookfield commits $1bn to Indian energy platform Avaada
Brookfield Asset Management has invested about USD 1bn in Indian energy platform Avaada as part of a newly closed USD 1.3bn funding round.
India's Omnivore hits $150m first close on third fund
India agricultural technology-focused impact investor Omnivore has reached a first close of USD 150m on its third fund, beating the overall target of USD 130m. The hard cap is USD 200m.
ResponsAbility raises $106m for climate-agri debt fund
Swiss impact investor ResponsAbility has raised USD 106m for a global climate-smart agriculture and food private debt fund that will be 40% deployed in Asia.
Japan's Integral buys UPT from Advantage, sells BTC to Capgemini
Japanese middle market private equity firm Integral Corporation has acquired United Precision Technologies (UPT), which supplies components used in smart devices, from Advantage Partners and sold IT consulting business BTC to Capgemini.
KKR sells minority stake in Japan's Kokusai to QIA
KKR has made a partial exit from Kokusai Electric, a Japan-based semiconductor industry supplier, through the sale of a minority stake to Qatar Investment Authority (QIA).
China Micro LED developer Jade Bird gets new funding
Jade Bird Display (JBD), a Shanghai-based developer of micro LEDs used in artificial reality (AR) devices, has raised several hundred million renminbi through two tranches of Series A funding.
China semiconductor player Eswin raises $420m
Beijing Eswin Technology Group, a semiconductor products and services supplier, has raised a CNY 3bn (USD 420m) Series D round led by Beijing Financial Street Operation Center.
Hildrics Capital backs Malaysian rubber producer
Singapore-based private equity firm Hildrics Capital has acquired an 8.2% stake in Malaysia-listed GIIB Rubber, a supplier of gloves and industrial rubber-based components.
China chassis component supplier raises $279m
Hopu Investments has participated in a CNY 2bn (USD 279m) Series A round for Jingxi Zhixing Zhangjiakou Automotive Electronics, a China-based supplier of components used in car chassis.
Australia battery technology supplier raises $15m
Australian VC firm Artesian, Canadian GP Waratah Capital, and India's Himadri Speciality Chemical have co-led a AUD 22m (USD 15m) Series A round for Australia’s Sicona Battery Technologies.
China distributed power specialist PCG Power raises 70m
PCG Power, a Chinese energy management services provider incubated by property developers China Poly Group and Country Garden, has raised CNY 500m (USD 69.9m) in Series A funding.
ICG joins $250m round for Amp Energy India
Intermediate Capital Group (ICG) has joined a USD 250m investment in Amp Energy India, a renewable power platform serving various industrial and utility segments.
China electronics materials supplier raises $70m
China’s Fuyang Sineva Material Technology, a specialist in light-sensitive polymers called photoresists, has raised about CNY 500m (USD 70m) in Series D funding led by Peak View Capital.
CDH, Oriza-backed CSI Solar enjoys strong Star Market debut
CSI Solar, a Chinese renewables business backed by CDH Investments and Oriza Holdings, increased 18% in value on its first day of trading following a CNY 6bn (USD 840m) IPO.
