Sectors
Lightspeed, Tiger lead $67m Series B for India's OkCredit
Lightspeed Venture Partners and Tiger Global Management have led a $67 million Series B round for Indian financial technology player OkCredit.
Khazanah sells Malaysian hospital for $244m
Malaysian sovereign wealth fund Khazanah Nasional has agreed to sell the Prince Court Medical Centre in Kuala Lumpur to local operator IHH Healthcare for about MYR1 billion ($244 million).
CDH joins Series D for Chinese AI truck player
CDH Investments has participated in the $120 million second tranche of a Series D round for TuSimple, a China and US-based developer of autonomous driving technology for trucks.
YBF Ventures, Honeywell launch real estate tech accelerator
Australia’s YBF Ventures and US conglomerate Honeywell have teamed up to launch a Sydney-based technology start-up accelerator for the real estate sector.
Affinity sells frequent flier stake back to Virgin Australia
Affinity Equity Partners has more than doubled its money on Virgin Australia’s frequent flyer business, having agreed to sell back a 35% stake to the parent company for A$700 million ($480 million).
Australia's Quadrant buys control of online beauty retailer
Quadrant Private Equity has completed the fourth investment in six months from its newly established growth fund, with the purchase of a majority interest in Australian online beauty retailer Adore Beauty.
Baidu Ventures joins Series B for China retail AI player
Baidu Ventures has joined a Series B round of undisclosed size for SandStar, a Chinese artificial intelligence (AI) developer focused on the retail sector. It brings total investment to date to $25 million.
Vertex raises $275m for China venture fund
Vertex China, a venture capital firm affiliated to Temasek Holdings-owned Vertex Holdings, has closed its fourth fund on target at $275 million.
TPG teams up with Malaysian strategic for SE Asia hospital buyout
TPG Capital and Malaysian conglomerate Hong Leong Group have agreed to buy Columbia Pacific Management’s Southeast Asia hospital business for approximately $1.2 billion.
OPIC commits $185m to India SME sector
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, will invest $185 million in India’s small to medium-sized enterprise (SME) sector.
Qiming leads $37m round for Hong Kong biotech player
Qiming Venture Partners has led a $37 million Series B round for Insilico Medicine, a Hong Kong-based drug development company that uses artificial intelligence (AI).
Thailand's Pomelo gets $52m Series C
Thailand-based fashion retailer Pomelo has raised a $52 million Series C round from a group including Hong Kong’s Provident Growth. It is being called the first-ever Series C for a Thai start-up.
Tencent, Sequoia lead $100m Series C for China’s Smart Fabric
Smart Fabric, a start-up that seeks to digitize China’s textile industry, has received a $100 million Series C round jointly led by Tencent Holdings and Sequoia Capital China.
Hong Kong unrest hampers sale of PE-owned work space provider
The private equity owners of The Executive Centre (TEC), an office provider that relies on Hong Kong for 30% of its EBITDA, have suspended a sale process in response to ongoing protests in the territory.
Deal focus: Jingling seeks to stand out from the crowd
China’s Jingling contemplates an expansion of its social e-commerce strategy after securing a $100 million Series C round and de-risking its business model
Tencent joins $300 million round for second-hand trading platform
Tencent Holdings has joined a $300 million Series B round for Zhuanzhuan, a Chinese second-hand goods trading platform controlled by US-listed online classifieds marketplace 58.com.
Hong Kong's WHub launches crowdfunding platform
WHub, a Hong Kong-based start-up services provider and accelerator, has launched the territory’s first licensed equity crowdfunding platform for technology entrepreneurs.
PAG commits $300m to China's LexinFintech
PAG has agreed to invest $300 million in LexinFintech, a US-listed financial technology platform provider based in China.
Mithril Capital invests $45m in India's Glance
Mithril Capital, a US-based VC firm launched by PayPal co-founder Peter Thiel, has invested $45 million in Glance, an Indian smart phone media service provider.
GIC leads $500m investment in Vietnam's VCM Services
A consortium led by Singapore’s GIC Private has agreed to invest $500 million in VCM Services, a consumer retail division of Vingroup, Vietnam’s largest conglomerate.
China’s Sky9 raises $440m for early-stage, growth funds
Sky9 Capital, a VC firm established by former Lightspeed China executive Ron Cao, has closed its second venture fund at $321 million and also raised $119 million for a growth vehicle.
Advent to buy control of Indian snacks producer DFM
Advent International has agreed to acquire a 67.9% stake in Indian snacks manufacturer DFM Foods from investors including WestBridge Capital for INR8.52 billion ($118.7 million). It has made an open offer to buy a further 26% of the company for INR3.26...
CPPIB confirms $115m investment in India's Delhivery
Canada Pension Plan Investment Board (CPPIB) has confirmed it has invested $115 million in Indian e-commerce logistics services provider Delhivery.
Partners Group finds proxy for China sports boom
From Adidas to Li Ning, sportswear brands are expanding aggressively in China. Recent Partners Group acquisition BCR Group is among the leaders in a $2 billion industry that furnishes new stores