Sectors
Deal focus: Counterintuition pays off for NSSK
Japanese mid-market buyout firm NSSK has executed a partial exit of Vati, a small but strong performer in the country’s competitive nursing care space
Quadrant acquires Australia enterprise IT business
Australia’s Quadrant Private Equity has agreed to acquire the enterprise services division of listed IT specialist Arq Group for A$35 million ($23.5 million).
Eight Roads invests in Indian mobile marketing platform
MoEngage, an India and US-focused business that helps corporate clients improve mobile engagement with consumers, has received $25 million in Series C funding led by Eight Roads.
China B2B platform Yijiupi raises new round, buys Zskuaixiao
Yijiupi, a Chinese B2B e-commerce platform that initially focused on liquor products, has acquired local B2B consumer goods distributor Zskuaixiao. It has also secured a new round of funding backed by several Zskuaixiao investors.
Sequoia seeks up to $1.35b for India, Southeast Asia
Sequoia Capital is looking to raise between $1.28 billion and $1.35 billion for its latest set of funds – comprising separate venture and growth vehicles – for deployment in India and Southeast Asia.
Kedaara invests $28m in Indian health insurer
Indian private equity firm Kedaara Capital invested INR2 billion ($28 million) to acquire a minority stake in the healthcare insurance unit of Religare Enterprises.
Warburg Pincus backs Singapore's Circles.Life
Warburg Pincus has invested an undisclosed sum in Circles.Life, a Singapore-based digital-only telecom operator.
CDPQ, Piramal commit $300m to India private credit
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
General Atlantic re-ups in India’s Byju’s
General Atlantic has made another investment in India-based online learning provider Byju’s.
Chinese medical imaging business secures $86m Series B
Shanghai-based Universal Medical Imaging, China’s largest independent imaging diagnosis company has raised a RMB600 million ($86 million) Series B round led by Cathay Capital, V Star Capital and CEC Capital.
India’s Lightbox invests in agritech player
Indian agritech startup WayCool Foods raised $32 million in a Series C funding round led by Lightbox Ventures.
Japanese advisor matching network set for $54m IPO
VisasQ, a Japanese matchmaking platform that connects companies with relevant advisors, is looking to raise approximately JPY5.97 billion ($54 million) through a Tokyo IPO that will provide partial exits for several VC backers.
Private credit: Untapped market
Recent industry feedback suggests middle-market companies across Asia will increasingly look to private credit to support future growth. Europe may offer clues as to how the expected uptake will unfold
Schroders backs Singapore incubator Antler
Schroders has participated in a funding round for Singapore-headquartered incubator Antler that takes the company's total fundraising over the past six months to $75 million.
Australian online book retailer gets $13m
Booktopia, an Australian online retailer specializing in books, has closed a Series A round of A$20 million ($13.4 million), after 16 years of self-funding.
Northstar joins $20m round for Indonesia education start-up
Northstar Group and Beenext have joined a $20 million Series A round for Indonesia’s Zenius Education.
Polaris pursues take-private of Japan's Sogo Medical
Polaris Capital Group has made an offer to privatize Sogo Medical Holdings, a Japanese pharmacy chain operator and B2B healthcare management platform, at a valuation of JPY76.3 billion ($694 million).
Deal focus: Lightspeed targets solid-state LiDAR
Having assessed some 40 autonomous driving companies globally, Lightspeed China Partners decided that Hesai - a business born in the US and raised in China - is best-placed to take the technology forwards
IFU leads $23m Series B for Indian agrilogistics firm
Leap India Food Logistics (LIFL), an Indian agricultural warehousing and logistics firm, received INR1.64 billion ($23 million) in a Series B round led by the Investment Fund for Developing Countries (IFU), a Danish development finance institution.
Next Capital buys stake in Australian supply chain specialist
Australia’s Next Capital has acquired a stake in local supply chain services provider TM Insight as the company executes an Asian expansion.
Hahn & Co agrees $322m acquisition of SK Chemicals unit
Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5 billion ($322 million). It is the private equity firm’s fourth carve-out of an SK Group-owned business.
PE-backed Akeso Biopharma targets Hong Kong IPO
Chinese biotech player Akeso Biopharma has made a second attempt at filing for a Hong Kong IPO after its previous application was rejected last month for failing to meet regulatory requirements.
NSSK sells Japan nursing care business
Japanese mid-market buyout firm NSSK has secured a partial exit from nursing care provider Vati through a sale of the business to an investor group that includes Neuberger Berman.
India’s Ascent invests in women’s pharma producer
Indian private equity firm Ascent Capital has invested INR1.25 billion ($17.5 million) in Naari Pharma, a women's health pharmaceutical business focused on hormonal generics.