Sectors
Indian family offices invest $52m in FirstCry
Three Indian family offices have committed INR 4.35bn (USD 52.7m) to domestic mother-and-baby retailer FirstCry through a secondary transaction that facilitated a partial exit for SoftBank Vision Fund, among others.
WestBridge buys investment platform FundsIndia
WestBridge Capital has acquired a majority stake in FundsIndia, an online investment platform that offers access to mutual funds, public equities, and fixed deposit products, for an undisclosed sum.
Everstone completes exit from India's SJS Enterprises
Everstone Capital has sold its remaining 29.5% interest in SJS Enterprises, an India-based provider of decorative aesthetics that serves carmakers and consumer products manufacturers, for around USD 66m.
Chinese chip developer Sitrus raises $28m
China-based chip developer Sitrus Technology has raised CNY 200m (USD 28m) in a Series C extension from Henglu Assets and Shanxi provincial government investor Photon Strong Chain Fund.
CLSA exits Japanese uniform rental business Uni-Mate
Japan’s CLSA Capital Partners (CLSA CP) has sold 100% of uniform rental and cleaning business Uni-Mate to local private equity firm Karita & Company (K&C) for an undisclosed sum.
Australia's Airtree leads round for space tech start-up
Australia’s Airtree Ventures has led a AUD 12m (USD 7.7m) Series A round for HEO Robotics, a local space start-up focused on non-Earth imaging.
PE-backed Gambol Pet trades up after $220m China IPO
Gambol Pet, a Chinese mass-market pet food manufacturer backed by KKR and Legend Capital, has traded strongly since raising CNY 1.6bn (USD 220m) through a domestic IPO.
The innovation game: China GPs play safe
China investors have abandoned their previous high-risk-high-return approach in favour of proven business models and profitability. Hotspots like autonomous driving, biotech, and SaaS are no exception
LP interview: India’s Catamaran
Catamaran brings a global, tech-savvy approach to private equity that sets it apart from most Indian family offices. A strong historical focus on digital inclusion is now extending into manufacturing
Deal focus: Longreach hits homerun with Quasar
The Longreach Group transitioned Quasar Medical to professional management, took it into new markets, and diversified the company’s manufacturing footprint. A 7x return was its reward
Deal focus: KKR thinks global with Korea’s Musinsa
KKR has made its first tech growth investment in Korea with Musinsa, an online marketplace for a carefully curated selection of streetwear brands with export potential
Horizons leads $50m round for Indonesia EV player IMG
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).
Matrix backs $139m round for China semiconductor start-up Echint
Matrix Partners China has co-led a CNY 1bn (USD 139m) Series B round for Echint, a Chinese chip packaging and testing start-up incubated by VC-backed semiconductor company Eswin.
China's DP Technology raises $97m
China’s DP Technology, touted as a pioneer in the use of artificial intelligence (AI) for scientific research, has raised a CNY 700m (USD 97m) round featuring Loyal Valley Capital.
TA sells Australia's Honan Insurance to global strategic player
TA Associates has agreed to sell Honan Insurance Group, an Australia-based insurance broker specializing in corporate risk, employee benefits, and strata and real estate insurance, to Marsh McLennan.
RRJ invests $300m in Malaysia's Yinson
Hong Kong-based private equity firm RRJ Capital has agreed to invest USD 300m in Malaysia-listed Yinson Holdings, an oil and gas industry supplier aiming to bring cleantech to the local energy sector.
Forebright raises $502m for third China fund
China-focused Forebright Capital has closed its third fund with USD 502m in commitments. The manager claimed to have spent about a year in the market.
IFM backs Australian property technology player
IFM Investors has committed AUD 50m (USD 32m) to Smart Urban Properties Australia (SUPA), which claims to be the country’s first unified services provider of utilities and communications infrastructure.
Japan's PowerX raises $32m Series B
PowerX, a Japanese start-up developing a “battery tanker” for shipping stored renewable electricity across oceans, has raised a USD 32m Series B round featuring US-based Translink Capital.
Japan VCs back $100m round for local impact investor Gojo
Japanese impact investor and microfinance institution Gojo & Company has secured a USD 100m Series E from a group of local VC investors including Global Brain and Globis Capital Partners.
TPG, Temasek add $80 to India's Dr Agarwal's
TPG Growth and Temasek Holdings are funding a USD 80m expansion drive for existing investee Dr Agarwal’s Eye Hospital that will see the Indian eyecare chain double its footprint to 300 hospitals.
CITIC, Goldstone invest $137m in China solar supplier
CITIC Securities and Goldstone Investment have led a CNY 1bn (USD 137 m) Series A round for China-based solar panel mounting equipment maker Guoqiang Singsun Energy.
Vietnam's VinFast completes SPAC merger, sees volatile trading debut
Vietnam-based electric vehicle (EV) manufacturer VinFast saw its stock climb 287% and then fall back by 47% during the first two days of trading following one of the largest mergers to date with a US-listed special purpose acquisition company (SPAC).
China's Runpeng Semiconductor raises $1.7b
Runpeng Semiconductor, a Shenzhen-based subsidiary of Shanghai-listed China Resources Microelectronics, is set to raise CNY 12.6bn (USD 1.7bn) from several state investors.