Sectors
Deal focus: IMM overcomes distancing disruption
Health and safety was a priority when IMM Private Equity negotiated a $413 million carve-out of Korea Kolmar Holdings' drug outsourcing business against the backdrop of COVID-19
Deal focus: Reworld turns gamers into creators
China's Reworld has a technology that lowers barriers to entry in online game design, allowing anyone to become a creator. Joy Capital is backing the company to take user-generated content to another level
PE-backed Chinese pop toy retailer pursues Hong Kong IPO
Pop Mart International Group, China’s largest fashion toy retailer, has filed for a Hong Kong IPO. Sequoia Capital China, Loyal Valley Capital and Huaxing Growth Fund are its three largest institutional backers.
Singapore's Antler launches India operation, targets $50m fund
Singapore-based start-up incubator Antler will launch operations in India later in the year and plans to raise upto $50 million to invest in start-ups in the country.
Hillhouse leads $160m Series B for China's Genor Biopharma
Genor Biopharma, a Shanghai-based innovative drug developer, has raised $160 million in Series B funding led by Hillhouse Capital.
Temasek-owned Fullerton India gets parent funding
Fullerton India Credit (FICC), an Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, has raised INR7.5 billion ($100 million) in funding from its parent.
Sequoia, Hana lead Series A for micromobility start-up
Beam, a Singapore-headquartered ride-sharing platform for e-scooters, has raised $26 million in a Series A funding round led by Sequoia Capital India and Hana Ventures.
OPTrust joins consortium bidding for Australia's Zenith Energy
Canadian pension fund OPTrust has joined Pacific Equity Partners in the consortium looking to buy Australia-listed off-grid power provider Zenith Energy for an enterprise valuation of A$250 million ($163 million).
Fund focus: China's Glory wins VC backing
Glory Ventures counts several larger Chinese peers among the LPs in its latest renminbi and US dollar-denominated funds. They all want a glimpse of the firm’s deep technology pipeline
Deal focus: Wiz moves fast in Southeast Asia
Wiz.Ai has leveraged the accuracy of its talkbot to secure business from corporate customers in Southeast Asia with specific use-case needs. The company's $6 million Series A round will support further expansion
Q&A: ClearVue Partners' Harry Hui
Harry Hui, founder of ClearVue Partners, explains how this week’s investment in car wash operator 1km reveals an omni-channel approach to China able to carve through COVID-19
KKR-backed IndiGrid acquires $41m transmission asset
India Grid Trust (IndiGrid), an infrastructure investment trust backed by KKR and GIC Private, has acquired a power distribution company in north India for INR3.1 billion ($134 million).
GGV leads round for Chinese community group buying business
Shihuituan, a China-based community group buying platform also known as Nice Tuan, has raised $81.4 million in an extended Series C round led by GGV Capital.
China's Didi raises $500m for autonomous driving unit
SoftBank Corporation’s second Vision Fund – which currently comprises balance sheet capital from its parent – has led a $500 million funding round for the autonomous driving technology business of Chinese ride-hailing giant Didi Chuxing.
Shiyu leads $276m round for China's Mabwell Biotech
Mabwell Biotech, a Chinese drug developer with one treatment cleared for production, has raised RMB1.97 billion ($276 million) in Series A funding across two tranches led by specialist healthcare investor Shiyu Capital.
KKR targets stake in Philippine power developer
KKR has offered to acquire up to 9% of First Gen Corporation, a power plant operator in the Philippines, for PHP7.29 billion ($144 million).
Japan agtech player raises $7m Series A
Japan’s Beyond Next Ventures has led a JPY800 billion ($7.4 million) Series A round for local cell-based agricultural technology specialist IntegriCulture.
Sequoia leads $30m round for China's Atom Bioscience
Chinese drug developer Jiangsu Atom Bioscience & Pharmaceutical has raised $30 million in Series B funding led by Sequoia Capital China and Hong Kong-listed Livzon Pharmaceutical Group.
China digital enterprise services provider raises $50m
Hillhouse Capital has led an extended Series A round of funding worth $50 million for Deepexi, a Chinese start-up that provides a suite of smart data services to enterprise customers.
MGI Tech closes China's largest-ever genetics funding round
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE.
IMM agrees $413m Korea pharma acquisition
IMM Private Equity has agreed to acquire Korea Kolmar Holdings’ pharmaceutical contract development and manufacturing organization (CDMO) for KRW512.5 billion ($413 million).
Exacta leads acquisition of Anytime Fitness Asia
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
KKR, Japanese banks pump $1.2b into Marelli
Marelli, a leading global automotive components supplier formed when KKR combined Japan’s Calsonic Kansei Corporation with Europe-based Magneti Marelli, has secured JPY130 billion ($1.2 billion) in additional funding to ride out a market downturn.
Deal focus: Bobobox rethinks budget hotels
Bobobox's flexible solution to accommodation for frontline healthcare workers in Indonesia led to support from the Li Ka Shing Foundation and helped secure a Series A from Li's Horizons Ventures