Sectors
EV Growth, Jungle lead round for Indonesia's Waresix
Indonesian logistics technology provider Waresix has secured about $75 million in Series B funding led by existing backers EV Growth and Jungle Ventures.
Cool Japan leads $40m Series C for Taiwan's Vpon
Cool Japan Fund has led a $40 million Series C round for Vpon, a Taiwan-based big data and advertising services provider.
Korean AI drug developer secures $14m Series B
Oncocross, a South Korean drug developer that uses artificial intelligence (AI) to identify new applications for treatments already in clinical trials, has raised KRW16.5 billion ($14 million) in Series B funding led by Smilegate Investment and GNTech...
Silver Lake invests $1b in India's Reliance Retail
Silver Lake has made its second big bet on India in a week – and its third in four months – with a $1 billion commitment to the retail unit of Reliance Industries.
China apps going global: Empires on hold
China’s data-driven consumer apps are having a harder time keeping politics out of business as they become increasingly competitive in global markets. Lessons are plentiful; solutions are not
China due diligence: Nightmare scenarios
Luckin Coffee’s precipitous rise and fall is a reminder of longstanding issues around corporate fraud in China. Failing to spot problems before they emerge remains a key concern for PE investors
Infrastructure: Patient capital
Australia's IFM Investors has a plan to get long-term equity partners more involved in public-private partnerships. It means persuading superannuation funds to up their risk appetite
Vertex China closes first renminbi fund at $438m
Vertex China, a VC firm affiliated to Temasek Holdings-owned Vertex Holdings, has closed its first renminbi-denominated fund at RMB3 billion ($438 million).
Navis sells Australia education business to PEP
Navis Capital Partners has sold Australian educational resources provider Modern Star to local private equity firm Pacific Equity Partners (PEP) at an enterprise valuation of about A$600 million ($433 million).
Africa-focused GP leads Series B for Singapore's Thunes
Africa-focused private equity firm Helios Investment Partners has led a $60 million Series B round for Singapore financial technology start-up Thunes.
Baring-owned Vistra acquires Japan accounting firm
Vistra, a Hong Kong-based corporate services provider and fund administrator owned by Baring Private Equity Asia, has acquired Japanese accounting specialist Routes for an undisclosed sum.
Silver Lake backs India edtech player Byju's
Silver Lake has extended a string of large investments for India-based education technology platform Byju’s at a valuation of around $11 billion.
Deal focus: Putting Asia on the air mobility map
Japan’s SkyDrive leads Asia in the niche but potentially society-altering category of flying cars. A $37 million Series B round marks the latest step in a long safety build-out and public acceptance process
GPs sell Wall Street English China business back to founder
Baring Private Equity Asia and CITIC Capital have sold the China-based assets of English language training provider Wall Street English (WSE) back to the original founder after COVID-19 called into question the business model.
Australia's Blackbird launches New Zealand fund
Australia’s Blackbird Ventures has launched a NZ$60 million ($40 million) New Zealand-dedicated fund with a cornerstone investment of NZ$21.5 million from the government.
China biotech player InxMed raises $19m
Ennovation Ventures, a Chinese life sciences and healthcare-focused investor, and China Growth Capital have led a RMB130 million ($19 million) round for local biotech developer InxMed.
China mixed reality player Nreal secures $40m Series B
Nreal, a Chinese manufacturers of advanced virtual reality glasses that resemble normal sunglasses, has raised $40 million in Series B funding led by local video sharing platform Kuaishou.
Hillhouse leads $418m investment in China's I-Mab
I-Mab Biopharma, a private equity-backed Chinese drug developer that listed in the US as recently as January, has raised $418 million through a private placement.
Ex-L Catterton Asia head Ravi Thakran launches SPAC
Ravi Thakran, formerly head of L Catterton’s Asia operation, has launched a US-listed special purpose acquisition company (SPAC) to pursue aspirational consumer brands.
Vision Fund leads $100m Series C for Singapore-founded Biofourmis
SoftBank Vision Fund has led a $100 million Series C round for Biofourmis, a Singapore founded and now US-based operator of a health analytics platform.
Deal focus: Japan sees more mid-cap carve-outs
Having completed its first-ever corporate carve-out in July, Japan's J-Star has now racked up its second with the acqusition of waste management business Sincere Corporation from NEC
CVC to exit Softex Indonesia with 3.3x return - update
CVC Capital Partners will exit personal care products manufacturer Softex Indonesia after US multinational Kimberly-Clark agreed to acquire the business for approximately $1.2 billion.
Chinese cleaning robot developer gets $22m Series B
Gaussian Robotics, a China-based developer of robots used for cleaning, has raised RMB150 million ($22 million) in an extended tranche of Series B round led by Broad Vision Funds and China Capital Management.
Singapore's Livspace raises $90m Series D
Singapore-based home interiors renovation platform Livspace has raised a $90 million Series D round featuring TPG Growth and Goldman Sachs.