An emerging technology giant has imploded. Regulations are set to tighten. Investors hit pause but remain confident about the long-term outlook. Business as usual in crypto
LionRock Capital is exiting Clarks to its majority partner, Li Ning-owned and Hong Kong-listed Viva China, having helped the struggling British shoe brand survive the pandemic
Targeting PRP Diagnostic Imaging through its long-hold fund meant IFM Investors could offer the company stability and partnership. It expects to generate dividend yield and capital growth
Having raised its second fund amid weakening investor sentiment for biotech, Panacea Venture expects deployment to be guided by a widening valuation gap between the US and China
Through Trustlink, Trustar Capital has successfully executed a buy-and-build strategy in China’s facility management space, using scale and standardisation to win contracts from multinationals
Asia Partners, a Singapore-based private equity firm focused on growth-stage technology investments, is targeting USD 600m for its second fund.
Proterra Investment Partners has reached a final close on a Singapore-domiciled fund that will make food-related investments across Asia with more than USD 200m in commitments.
FreeTech, a developer of assisted driving solutions, has raised nearly USD100m in Series B funding led by Chaos Investment.
East Ventures has led a USD 13m Series A round for Indonesia’s TipTip, a marketplace that connects digital media content creators and their fans.
China-based CMC Capital has exited the bulk of its remaining stake in City Football Group (CFG), a series of football clubs built around the Manchester City brand, with CMC founder Ruigang Li vacating his seat on the company’s board.
Abu Dhabi Investment Authority (ADIA) will provide Singapore private equity real estate manager SC Capital Partners up to USD 2bn for equity investments in Asia data centres.
ACE Convergence Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by Korean PE firm ACE Equity Partners, has completed a merger with US-based electronics manufacturer Tempo Automation. The equity valuation of the business was cut...
Ruiyun Cold Chain, a China-based cold chain services provider, has raised CNY 200m (USD 28m) in an extended pre-Series A round led by Mitsubishi and Mizuho Leaguer Investment Fund.
Norwest Venture Partners has invested USD 32m in India’s Celebal Technologies, a software consulting and delivery company active in artificial intelligence, big data, and cloud.
Indian seed-stage investor Kae Capital has closed its third flagship fund at about INR 7.7bn (USD 94m) with about 40% of the capital coming from overseas investors.
Chinese state-backed investors have pumped CNY 3.2bn (USD 447m) into local new energy vehicle start-up Letin amid reports that the company had run into financial distress.
Qualcomm Ventures and Lingotto, the largest shareholder in Ferrari, have invested in India’s Ultraviolette Automotive, an electric vehicle maker focused on two-wheelers.
Lightspeed China Partners has backed Daisch, a domestic supplier of high-precision products for autonomous driving, as the sole participant in a Series A round.
Lighthouse Funds has generated a more than 14x multiple on its investment in India-based beauty e-commerce platform Nykaa following two partial exits in the past fortnight.
LionRock Capital, an Asian private equity firm that invests in global consumer brands with a China growth angle, has agreed to sell its stake in British shoe brand Clarks to Viva China, a holding company controlled by Li Ning, founder of the eponymous...
Singapore-based Wavemaker Partners has appointed Andy Hwang, an angel investor and start-up mentor transitioning into venture capital, as a general partner.
Five Star Business Finance, an Indian non-banking financial company (NBFC) that has received several rounds of private funding, gained 3% on debut following an INR 15.9bn (USD 195m) domestic IPO.
Australia Business Growth Fund (ABGF), a partially government-backed investor that backs small to medium-sized companies, has invested AUD 15m (USD 10m) in local tourism company HMC Group.
H&Q Korea has led a KRW 49bn Series C round for Korean laundry app provider Laundrygo with support from SoftBank Ventures and Altos Ventures.