Indian B2B services player Moglix has raised a $120 million Series E round led by Falcon Edge Capital and Harvard Management Company at a valuation of $1 billion.
Murky accounting and politics have rapidly decelerated the privatization of Vietnam’s government-owned companies in recent years. Private equity is biding its time and testing creative inroads
NSSK has agreed to acquire the power transmission components division of Fujikura, a listed Japanese electrical equipment manufacturer.
Shanghai-based B2B e-commerce company MyMRO, a spinoff of US industrial products supplier Grainger, has raised several hundreds of million renminbi in Series B funding led by FountainVest Partners.
IMM Private Equity has made the first investment under its newly launched credit strategy, picking up a 40% stake in SK Lubricants, which is controlled by Korean conglomerate SK Group, for KRW1.09 trillion ($984 million).
Japanese engineering conglomerate JGC Group has teamed up with local VC Global Brain to establish a JPY5 billion ($46 million) fund targeting industrial sector technology start-ups.
Bain Capital has teamed up with two Japanese PE firms – Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS) – to carve out Hitachi Metals from its corporate parent for as much as JPY816.8 billion ($7.5 billion).
Warburg Pincus has acquired a majority stake in India-based consumer goods packaging manufacturer Parksons Packaging, taking out positions held by Kedaara Capital, Olza Holdings, and IIFL Holdings.
Macquarie Infrastructure & Real Assets (MIRA) has agreed to acquire 100% of Australia-listed waste management business Bingo Industries for A$2.3 billion ($1.8 billion).
ADV Partners and Premji Invest have acquired a significant majority stake in Indian plastic molding company Micro Plastics Private (MPPL) for an undisclosed sum.
Chinese agricultural drone maker EAVision has raised $30 million in Series C funding led by Temasek Holdings, CITIC Agricultural Industry Fund, and Bits x Bites.
New Zealand’s Halter is bringing innovation to an industry that hasn’t seen many new tools since the invention of barbed wire. Blackbird Ventures is offering its support
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).
Novo Tellus Capital Partners has invested $40 million in India-based semiconductor engineering services provider Tessolve at a valuation of $100 million.
General Motors (GM) has led a $139 million Series D round for Singapore-based electric vehicle (EV) battery maker SES, also known as SolidEnergy Solutions.
The automotive industry’s VC overtures might be in retrograde, but traditional carmakers are finding new ways to make a mark in mobility innovation. This creates new dynamics for financial investors
China-based logistics provider ZJS Express has raised a RMB1 billion ($153 million) Series B round led by Sino-Ocean Capital. Gaolin Capital and state-backed HighRun Capital also participated.
Falcon Edge Capital has led a $110 million growth round for India’s OfBusiness, a B2B platform for industrial sector services, at a post-money valuation of $800 million.
Toshiba Corporation has confirmed it received a buyout offer from CVC Capital Partners. Based on a reported valuation of $20 billion, it would be the largest acquisition by a private equity firm in Asia.
KKR’s $3.5 billion sale of Japanese semiconductor industry supplier Kokusai Electric to US-listed Applied Materials has fallen through due to regulatory approval issues in China.
IMM Private Equity has agreed to sell its 40% stake in Taihan Electric Wire, a Korea-based manufacturer of high-voltage cables to Hoban Construction for KRW251.8 billion ($222 million).
Adamantem Capital’s acquisition of carbon farming specialist Climate Friendly recognizes the increasing sophistication of the Australian carbon credit market as well as its room for improvement
Wise Road Capital, a China-based private equity firm that focuses on high-tech investments, has agreed to privatize Korea’s Magnachip Semiconductor Corporation at a valuation of $1.4 billion.
Australia’s Adamantem Capital has acquired a controlling stake in Climate Friendly, a local carbon offset consultancy, for an undisclosed sum.