Sectors
Bain raises tender offer price for Japan's Kosaido
Bain Capital Private Equity has sweetened a tender offer initiated in January for Japan-listed printing and IT services provider Kosaido. The revised bid values the company at about JPY17.4 billion ($157 million).
Southeast Asia tech: Strategic incursions
Strategic investors are jockeying for position in Southeast Asia's blossoming technology space, hoping to gain a foothold with local start-ups before the market reaches a saturation point
GIC to invest $713m in India's Bharti Airtel
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
China’s MSA reaches $200m first close on second VC fund
MagicStone Alternative Investments (MSA) has reached a first close of $200 million on its second venture capital fund, which will focus on technology companies in China.
VC-backed internet celebrity incubator files for US listing
Ruhan, an internet celebrity incubator backed by Legend Capital that is said to be the largest business of its kind by revenue in China, has filed to list on NASDAQ.
Quona leads $12.8m round for India's SMEcorner
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
Deal focus: 90 Seconds simplifies complex video variables
Singapore-based 90 Seconds raises $20 million to expand its online video production networking marketplace
Deal focus: Google offers AI expertise to Elsa
Google brings technological expertise as well as financial backing to its investment in Vietnam-based English education provider Elsa
SoftBank Vision Fund invests $1.5b in SE Asia's Grab
Southeast Asian ride-hailing and online-to-offline (O2O) services platform Grab has secured a $1.46 billion investment from SoftBank Vision Fund. The commitment brings the capital raised in its ongoing Series H to over $4.5 billion.
Carlyle, Fosun join $415m round for India's Delhivery
The Carlyle Group and Fosun International have joined a INR29 billion ($415 million) Series F round for Indian e-commerce logistics services provider Delhivery led by SoftBank Vision Fund.
China cross-border logistics provider raises $104m
Fujian Zongteng Network, a provider of overseas storage and transportation services for Chinese e-commerce players, has raised a RMB700 million ($104 million) round led by GLP and Cathay Capital.
Deal focus: Patience pays off for True North
True North realizes a two-year goal with the acquisition of a controlling stake in Indian health insurance provider Max Bupa
LP interview: CreditEase Wealth Management
Leveraging the online and offline infrastructure of its parent’s P2P lending platform, CreditEase Wealth Management has built a channel for Chinese high net worth money to enter private equity
Deal focus: Lalamove brings the Uber effect to logistics
Hong Kong-based online logistics platform Lalamove raises a $300 million Series D round to pursue expansion in Southeast Asia and India
CDPQ to invest $255m in Edelweiss' India NBFC
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR18 billion ($255 million) in ECL Finance, a non-banking finance company (NBFC) owned by India’s Edelweiss Group.
KKR-owned AVC backs Coles' Australia liquor retail business
KKR-owned hospitality venue operator AVC has agreed to invest A$200 million ($141 million) in a joint venture with the liquor business of Australia supermarket Coles.
Chinese e-commerce: Community counts
A host of Chinese community e-commerce start-ups want to replicate the group-buying might of Meituan-Dianping and the social media savvy of Pinduoduo. They are getting capital, but can they achieve scale?
Salesforce launches $50m Australia VC fund
US-based enterprise software giant Salesforce has launched a $50 million venture capital fund focused on Australian technology start-ups.
Development finance: The great game
As the US overhauls its development finance institution in response to China’s growing infrastructure investment, the PE industry is preparing for a world in which politics goes hand-in-hand with capital
VCs invest $10m in Chinese positioning technology provider
China and US-based startup Kolmostar, which provides positioning technology such as GPS for internet-of-things (IoT) devices and autonomous vehicles, has raised $10 million in a new round of funding led by AB Initio Capital Management.
Chinese electronic contract services provider raises $59m
Fadada, a China-based electronic contract services provider, has raised RMB389 million ($59 million) in a Series C round of funding led by Tiger Global Management and Tencent Holdings.
Astra commits $100m to Go-Jek's Series F
Astra International, an Indonesian conglomerate that controls the country’s largest automotive distributor, has agreed to invest $100 million in the first tranche of a Series F round for ride-hailing and delivery platform Go-Jek.
UOB leads $65m Series B for Indonesia's Halodoc
Singapore-based United Overseas Bank (UOB) has led a $65 million Series B round for Indonesian healthcare technology provider Halodoc.
Chinese recruitment SaaS provider Moka raises $27m
Hillhouse Capital has led a RMB180 million ($27 million) Series B round for Chinese smart recruitment solutions provider Moka.