Industrials
Apax buys Australia automotive auctions platform
Apax Partners has acquired a majority position in Australian vehicles and industrial equipment marketplace Pickles Auctions.
Shenzhen Capital leads Series C for miniature 3D printing player
Shenzhen Capital Group has led a USD 43m Series C round for China and US-based Boston Micro Fabrication (BMF), which specialises in microscale 3D printing systems.
PAG buys majority stake in China solvents business
PAG has agreed to pay HKD 2.68bn (USD 340m) for a 51% interest in a solvents business under Hong Kong-listed petrochemical products manufacturer Yip’s Chemical.
Deal focus: Hahn & Co takes GP-led secondaries to new high
Hahn & Company has closed a USD 1.5bn single-asset continuation fund for Korea's Ssangyong C&E, giving it more time to complete the company's transition from cement maker to broader environmental services player
Matrix leads Series B for China's SpeedBot Robotics
Matrix Partners has led a CNY 300m (USD 44m) Series B round for SpeedBot Robotics, a China-based start-up specialising in vision-guided intelligent robotics.
China's Jaka Robotics raises $150m Series D
Prosperity7 Ventures, a USD 1bn venture capital fund established by Saudi Arabia state oil giant Saudi Aramco, has continued its run of robotics investments in Asia by joining a USD 150m Series D for China’s Jaka Robotics.
Deal focus: SJL fills Korea’s cross-regional gap
Steve Lim launched SJL Partners to help Korean corporates pursue M&A in the US and Europe, having seen global GPs pass on such opportunities. Meridian Bioscience is the latest addition to the portfolio
Deal focus: Dayone champions lithium-ion alternative
In throwing its support behind Enpower Greentech, Dayone Capital hopes the Chinese company can turn solid-state batteries into a commercially viable reality for electric vehicles
Deal focus: GPs go big on China biosynthesis
Advances in synthetic biology and China’s carbon-neutral ambitions have prompted investors to re-examine bio-manufacturing plays. Mojia Biotech is among the beneficiaries
Navis exits Hong Kong's Texon to global strategic
Navis Capital Partners has exited its entire controlling position in Hong Kong footwear components supplier Texon to UK-listed Coats Group for an enterprise value of USD 237m.
Deal focus: Carlyle targets consumerism in ceramics
The Carlyle Group, like many investors, sees premiumisation as a natural outcome of the expansion of India’s middle class. It could be the first to test this thesis in the local building materials industry
Carlyle makes growth investment in India's Varmora Granito
The Carlyle Group has acquired a significant minority stake in Varmora Granito, an India-based manufacturer of tiles, bathware, and sanitaryware products, for an undisclosed sum.
China bio-manufacturing start-up Mojia raises $80m
Temasek Holdings has led a USD 80m Series B round for Shanghai-based bio-manufacturing start-up Mojia Biotech.
Platinum Equity buys Hong Kong lingerie business Hop Lun
US-based private equity firm Platinum Equity has agreed to acquire Hop Lun, a Hong Kong-headquartered producer of fashion lingerie and swimwear that serves a global client base.
China fashion software platform Linctex raises $100m
Linctex Digital, a Shanghai-based design services platform for the fashion industry, has raised an extended pre-Series B round of nearly USD 100m from GL Ventures and CDH Investments.
Capital Today leads $40m Series B for China's XYZ Robotics
XYZ Robotics, a Chinese start-up specialising in robotic hand-eye coordination, has raised an extended Series B round of USD 40m led by Capital Today China Group.
Deal focus: Hahn finds rich pickings in SK Group
Hahn & Company’s USD 1.3bn acquisition of an industrial materials unit from SKC is its fifth deal involving SK Group in four years. Being a good custodian is regarded as key to securing repeat business
Fullerton reaches $100m first close on Thai PE fund
Singapore’s Fullerton Fund Management has hit a first close of USD 100m on its first Thai private equity strategy in partnership with KBank Private Banking, a division of local lender Kasikorn Bank.
Baring Asia completes $980m take-private of Taiwan's Ginko
Baring Private Equity Asia (BPEA) has completed a take-private of Taiwan-listed contact lens manufacturer Ginko International at a valuation of NTD 27.2bn (USD 980m).
Japan's T Capital buys Fujitsu semiconductor memory assets
Japanese mid-market buyout firm T Capital Partners has agreed to carve out Fujitsu’s semiconductor memory chip business for an undisclosed sum.
Advent raises $25bn for global PE fund, targets China
Advent International has closed its largest ever global private equity fund at the hard cap of USD 25bn with plans to expand its investment activity in Greater China in the next few years.
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
Mithril, BlackRock invest $110m in Singapore’s GreyOrange
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Deal focus: Mekong unconfined to consumer thesis
Having long eschewed industrial business models, consumer-focused Mekong Capital has made an exception in the name of environmental impact with Vietnam agricultural supplier Entobel