Sectors
Southern Capital, HPEF agree exit from Singapore school
Southern Capital Group and HPEF Capital Partners – formerly Headland Capital Partners – have agreed to sell Singapore-based Canadian International School (CIS) to Hong Kong-listed China Maple Leaf Educational Systems for S$680 million ($488 million),...
Toshiba seeks exit from PE-controlled flash memory business
Toshiba is exploring ways to fully exit its 40.2% stake in Kioxia Holdings, two years after selling control of the Japanese flash memory division to a Bain Capital-led consortium for an enterprise valuation of JPY2 trillion ($18.7 billion).
Blackstone invests $150m in China's 21Vianet
The Blackstone Group has invested $150 million in 21Vianet, a US-listed Chinese data center developer backed by Singapore’s Temasek Holdings.
Chinese IPOs: One less option
Will Chinese companies listed in the US become the latest casualties of tensions between the two countries? It could lead to a narrowing in IPO exit options for PE and VC investors
Deal focus: Yidui delivers love by video
Sky9 Capital and Xiaomi have thrown their support behind a Chinese video-dating platform designed for Generation Z, complete with virtual meeting rooms, live audiences, and mechanisms for crashing other people's dates
SCB 10X, Sparx lead $80m round for Thai fintech player
Thailand-based financial technology provider Synqa, formerly known as Omise, has raised an $80 million Series C round led by local VC firm SCB 10X and Japan’s Sparx Group.
Chinese car parts supplier Casstime raises $50m
Chinese aftermarket car parts supplier Casstime has raised $50 million in the second tranche of Series C round led by Greater Bay Area Homeland Investments.
China's Genetron trades flat after upsizing US IPO
Genetron Holdings, a Chinese company that uses DNA sequencing to support the diagnosis and treatment of cancer, traded flat on its NASDAQ debut following a larger-than-planned $256 million IPO.
Five V buys New Zealand software developer
Australian private equity firm Five V Capital has acquired a controlling stake in New Zealand employee management software provider Totara for an undisclosed sum.
China logistics robot specialist raises $200m Series C
Geek+, a manufacturer of robots used to move merchandise around warehouses, has closed a Series C funding round, having raised $200 million across two tranches.
China gay dating app Blued pursues US IPO
BlueCity Holdings, the company behind Chinese gay dating platform Blued, has filed an application to list on NASDAQ, which would provide a liquidity event for several PE and VC investors.
Carlyle invests $198m in Korea's KB Financial
The Carlyle Group has invested KRW240 billion ($198 million) in KB Financial Group and agreed to work with the Korean company on investment opportunities and structuring and financing its deals in the country.
A91 invests $16m in India spices maker
India’s A91 Partners has invested INR1.2 billion ($16.4 million) in local spices and condiments brand Pushp.
India's Jio Platforms set for record Asia growth capital fundraise
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest INR113.6 billion ($1.5 billion) in India’s Jio Platforms. This takes its overall funding to INR1.15 trillion, the largest single growth capital haul for an Asian technology company.
Fund focus: Cathay taps strategic expertise in energy
Cathay Capital Private Equity is raising what it claims is China's first-ever smart energy fund, relying on contributions from LPs that offer strategic as well as financial support
Ascendent to exit China dairy player through $240m trade sale
Ascendent Capital Partners has agreed to make a full exit from Chinese dairy producer Ningxia Harmony Dairy Development with New Hope Dairy set to buy the business for an enterprise valuation of RMB1.7 billion ($240 million).
Deal focus: Indonesia’s GoPlay changes the channel
Golden Gate Ventures is backing GoPlay, a media streaming spin-out from Indonesia's GoJek, to tap an underserved Southeast Asian audience with local recreations of popular international TV shows
Japan’s Daiwa backs Vietnam cinema operator
Japan’s Daiwa Securities Group has invested $8 million in Vietnam cinema chain operator Beta Media via its private equity unit.
ESR raises $1b Korea logistics fund
Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Mercury buys Bauer Media’s Australia, New Zealand assets
Sydney-based private equity firm Mercury Capital has agreed to acquire the Australia and New Zealand assets of Germany’s Bauer Media, including an extensive magazine portfolio.
Chinese cloud player Qiniu gets $141m Series F
Chinese enterprise cloud service provider Qiniu Cloud has raised RMB1 billion ($141 million) in Series F funding from the state-owned China Structural Reform Fund, Bocom International, and Hongzhao Fund.
China's Miaoshou Doctor raises $85m
Miaoshou Doctor, a Chinese online healthcare services platform, has raised RMB600 million ($85 million) in the first tranche of Series D funding round backed by the likes of Qiming Venture Partners, Sequoia Capital China, Ince Capital Partners, CITIC...
KKR, Temasek commit $650m to Vietnam property developer
A consortium led by KKR has invested VND15.1 trillion ($650 million) in Vinhomes, Vietnam’s leading integrated real estate developer, which went public in 2018.