Sectors
Quintet invests in Australian radiology business
Australian alternative asset manager Quintet Partners has invested an undisclosed amount in Exact Radiology, a private equity-backed operator of a chain of diagnostic imaging clinics in Queensland.
India's VC-backed Postman raises $50m Series B
Postman, a software development tool creator with operations in India and the US, has raised a $50 million Series B round led by Charles River Ventures (CRV), with participation by existing investor Nexus Venture Partners.
Japan’s Aspirant leads $223m manufacturing carve-out
Japanese private equity firm Aspirant Group has led the 100% acquisition of a copper tubing subsidiary of diversified industrial manufacturer UACJ Corporation for about JPY24 billion ($223 million).
Revitalizing Japan's conglomerates: Big ticket
Japan’s manufacturing conglomerates are continuing to define the economy as they either adapt or succumb to new technology trends. The process is adding a new ripple to the local carve-out market
Alteria invests $11.5m in India's Lendingkart
India-focused venture debt platform Alteria Capital has committed INR800 million ($11.5 million) to Lendingkart, a financial technology platform with several VC investors.
Cathay reaches $358m first close for second VC fund
Cathay Innovation, the venture affiliate of middle-market focused Cathay Capital Private Equity, has reached a first close of EUR320 million ($358 million) on its second fund targeting start-ups in China, Europe, and North America.
Sequoia co-leads $75m Series C for India's Razorpay
Sequoia Capital and Ribbit Capital, a Silicon Valley-based VC firm focused on financial technology, have co-led a $75 million Series C round for Indian online payment gateway Razorpay.
Allegro backs Australia's Questas
Australian private equity firm Allegro Funds has confirmed its investment in local mining, construction and agricultural support services provider Questas Group.
Q&A: Ripplewood's Tim Collins
A Ripplewood Holdings-led consortium broke new ground for private equity with the turnaround of Long-Term Credit Bank of Japan. CEO Tim Collins explains why he boldly goes where others fear to tread
Chinese industrial e-commerce platform gets $160m Series D
Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products, has raised $160 million in a Series D round of funding led by Tencent Holdings.
Catalys seeks $100m for Japan healthcare VC fund
Newly established Japanese venture capital firm Catalys Pacific has launched its debut fund with a view to raise $100 million for investments in early-stage life science start-ups globally.
B Capital, Falcon Edge lead $72m round for India's Bounce
Indian scooter rental start-up Bounce, formerly known as Metro Bikes, has raised a $72 million Series C round led by B Capital and Falcon Edge Capital.
Panasonic, VCs back Series B for Japan robotics player
Panasonic Corporation has joined a group of Japanese venture capital firms in a JPY900 million ($8.3 million) Series B round for local industrial robotics systems developer Linkwiz.
Oriental Fortune agrees $173m China auto parts deal
Chinese mid-market private equity firm Oriental Fortune Capital has agreed to acquire a controlling interest in Changzhou NRB Corporation, a domestic auto components manufacturer, for RMB1.2 billion ($173 million).
Ascendent backs $197m take-private for China Automation
Ascendent Capital Partners has joined Xuan Ruiguo, the chairman and founder of Hong Kong-listed industrial control systems maker China Automation Group, in a take-private offer that values the company at HK$1.5 billion ($197 million).
PE-backed Hansoh Pharma completes $1b Hong Kong IPO
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
Baring-owned Hexaware announces $182m US bolt-on
Hexaware Technologies, an Indian IT services company majority-owned by Baring Private Equity Asia, has acquired US-based digital consultancy firm Mobiquity for a total consideration of $182 million.
Vietnam: Entrepreneurial instincts
Vietnam’s private sector is rich in opportunity and many people have ambitions of building the next Mobile World. But engagement between entrepreneurs and private equity doesn’t always run smooth
Australia’s NAB Ventures exits Wave Financial in $400m deal
NAB Ventures, a unit of National Australia Bank (NAB), is set for its debut exit via a deal that will see US tax services giant H&R Block acquire Canada’s Wave Financial for about $400 million.
CLSA backs Series B extension for Korea's PeopleFund
Lending Ark Asia, a private credit division of CLSA Capital Partners, has led a $35 million extension to a Series B round for South Korean lending marketplace PeopleFund.
Advantage buys Japanese niche education businesses
Advantage Partners has acquired two Japan-based education assets – vocational training provider Abitus and Tokyo Central Japanese Language School (TCJ).
PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$9.75 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
HSBC launches $880m GBA tech fund
HSBC has launched an $880 million fund to provide debt financing for early-stage technology companies leveraging China’s Greater Bay Area (GBA) development initiative.
KKR to sell Korean battery components maker for $1b
KKR is set for the first exit from its third Asian fund, having agreed to sell Korean copper foils manufacturer KCF Technologies to an affiliate of SK Group for KRW1.2 trillion ($1 billion).