Sectors
China polymer specialist Topolefin secures $139m Series B
Chinese polymer materials developer Topolefin Technology has raised CNY 1bn (USD 139m) in Series B funding led by local private equity firms Raystone Capital and KingRay Capital.
TNB Aura leads $17m Series A for Vietnam's Gimo
TNB Aura has led a USD 17.1m Series A round for Gimo, a Vietnam-based start-up that operates a wage access platform aimed at underbanked workers.
Malaysia's COPE backs corporate accounting business
Malaysia’s COPE Private Equity has confirmed an investment of undisclosed size in CC International, a local professional services firm with a footprint in Australia and plans for further expansion.
Australia's Main Sequence hits $305m first close on Fund III
Australian deep tech VC firm Main Sequence has reached a AUD 450m (USD 305m) first close on its third fund, bringing overall funds under management to about AUD 1bn.
Fund focus: Eurazeo’s climate thesis resonates with LPs
Eurazeo shattered the target for its second smart city fund thanks to an agenda that dovetails with LP interest in decarbonisation. Nine Asian LPs backed the fund and 35% of the corpus will be deployed in the region
Q&A: SparkEdge Capital’s Linc Liu
Linc Liu, founding partner and chairman of SparkEdge Capital, a sector specialist formerly known as Ori-mind Capital, discusses new energy investment opportunities in China
Deal focus: Glow chooses B2B supplier for debut deal
Australia’s Glow Capital Partners took its time finding a maiden investment that ticked all the boxes of its consumer and brands strategy. This involved edging slightly down the supply chain
Deal focus: Exfinity seizes rare India robotics opportunity
India’s Exfinity Ventures stepped out of its comfort zone with Ati Motors. Now it’s helping the industrial robotics supplier go global with autonomous forklift-style machines that can roll in and out of buildings
Aspirant exits Japanese fish retailer to local strategic
Japanese middle market private equity firm Aspirant Group has sold Yamato, a local seafood company with interests stretching from fish wholesaling to conveyor belt sushi restaurants, to kitchen-wear supplier Tenpos HD.
Asia-based football investment platform backs England's Charlton Athletic
ACA Football Partners (ACAFP), an investment platform established by professionals from Singapore-based ACA Investments, is part of a consortium that has acquired English football club Charlton Athletic.
Australia's Silicon Quantum Computing raises $34m
Australian quantum computing company Silicon Quantum Computing (SQC) has raised a AUD 50m (USD 34m) Series A round featuring Telstra, falling short of a AUD 130m target.
Australia's Five V buys security alarm connectivity business
Australia’s Five V Capital has acquired a majority position in Permaconn, a locally based equipment supplier for the security alarm and smart home markets.
China's Qiming joins round for blockchain privacy developer
China's Qiming Venture Partners has participated in a USD 25m Series A for P0x Labs, the developer behind blockchain-based privacy services provider Manta Network.
Bain acquires India's Adani Capital
Bain Capital has agreed to acquire 90% of Indian non-bank financial companies (NBFCs) Adani Capital and Adani Housing in a deal worth at least USD 170m.
Mirae Asset PE arm seeks $200m for Fund II
Maps Capital, a private equity investment arm of Mirae Asset Financial Group, has launched its second US dollar-denominated fund with a target of USD 200m.
Japanese power producer Jera launches $300m VC unit
Japanese power producer and utility Jera has launched a USD 300m venture capital programme aimed at sustainability-themed technology start-ups and related funds.
Strategic co-investors commit to JIP's mega Toshiba buyout
Rohm Semiconductor and Niterra, component suppliers to the semiconductor and automotive industries, respectively, have confirmed their participation in the Japan Industrial Partners-led (JIP) JPY 2trn (USD 15.3bn) tender offer for Toshiba Corporation.
Korean investors pump $150m into fuel cell maker HyAxiom
Korea Investment Private Equity, KDB Investment–Hana Securities, and KB Asset Management have led an investment of approximately USD 150m in HyAxiom, a fuel cell manufacturer controlled by South Korean conglomerate Doosan Group.
Indonesia's Maka Motors raises $37.5m seed round
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.
Boyu joins $600m round for EV unit of China's Geely
Boyu Capital and Yuexiu Industrial Fund have led a USD 600m Series A round for Farizon Auto, a new energy vehicle (NEV) brand under Chinese automaker Geely.
Eurazeo draws on Asian support for $448m smart city fund
France-based GP Eurazeo won support from several Asian institutional investors for its latest smart city fund, which has closed on EUR 400m (USD 445m). The vehicle is also expected to deploy significantly in the region.
Australia's River Capital targets UK cake shop chain
River Capital, an Australian investment firm that owns speciality cake retailer The Cheesecake Shop, has been rebuffed by the board of UK-based Cake Box Holdings after submitting a buyout offer for the listed company.
Asia fundraising frustrates in first half of 2023
Asia PE fundraising reached USD 60.3bn in the first half of 2023, down 7.6% year-on-year, but the total was still skewed upwards by activity in the renminbi-denominated space. Capital committed to US dollar funds alone was USD 21.8bn, down from USD 48.2bn.
China autonomous driving player HoloMatic raises $42m
HoloMatic, a Chinese autonomous driving start-up, has raised CNY300m (USD 42m) in Series C funding led by GAC Capital and state-owned Guangdong Technology Financial Group.