Sectors
J-Star's Japan Hospice Holdings set for Tokyo IPO
Japan Hospice Holdings, a hospice care platform created by J-Star through a series of acquisitions, is looking to raise JPY1.48 billion ($13.4 million) through a Tokyo IPO.
Canada's OMERS makes first India infrastructure investment
Ontario Municipal Employees Retirement System (OMERS) has made its first investment in India’s infrastructure sector, buying a 22% stake in infrastructure investment trust IndInfravit Trust for INR8.7 billion ($122 million).
VC-backed Chinese online brokerage files for US listing
Chinese online brokerage Tiger Brokers, which is backed by smart phone maker Xiaomi and a number of venture capital firms, has filed for an IPO in the US.
Deal focus: Zilingo builds full-service fashion platform
Zilingo has secured $226 million in Series D funding to take its end-to-end online retail service to more small-scale fashion merchants across Southeast Asia
Shenzhen Capital, SOSV to launch angel, growth funds
Shenzhen Capital Group and SOSV Investments have agreed to establish a China-focused angel investment fund as well as a growth stage vehicle targeting European companies.
Fund focus: EVP mines Australia’s budding VC space
Driven by an existing portfolio that includes workforce management platform Deputy, Australia's EVP successfully tapped high net worth investors for its $25 million second fund
Tiger leads $50m round for China shared kitchen provider
Tiger Global has led a $50 million Series C round for Panda Selected, a Chinese provider of shared kitchen services for food delivery start-ups.
Chinese pet supplies company raises $20m
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $20 million in a Series C round of funding led by Qiming Venture Partners.
Direct Capital backs New Zealand engineering firm
New Zealand’s Direct Capital has made an investment of undisclosed size in local engineering consultancy Beca.
Ardian buys Australia's Study Group from Providence
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
China coffee shops: Out of Luckin?
Luckin Coffee has won substantial private equity funding for an expansion strategy that involves taking the fight to Starbucks. But is the Chinese coffee shop chain’s business model sustainable?
Chinese gym operator SuperMonkey raises $53.5m
Chinese gym operator SuperMonkey has raised RMB360 million ($53.5 million) in a Series D round led by Starquest Capital and Yao Capital, a sport-focused PE firm co-founded by former NBA star Yao Ming.
TPG-backed Pathology Asia invests Australia's Safe Work
TPG Capital Asia’s Pathology Asia platform has continued a regional roll-up strategy with an investment of undisclosed size in a minority stake in Australian drug testing specialist Safe Work Laboratories.
MBK to buy Asia retail assets from chocolate maker Godiva
MBK Partners has agreed to buy Belgian chocolate maker Godiva’s distribution operations in Japan, South Korea, Australia and New Zealand in a deal reportedly worth more than $1 billion.
Flipkart co-founder invests $91m in India’s Ola
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.
Hong Kong’s Lalamove secures $300m Series D
Hong Kong-based delivery start-up Lalamove - known as Huolala in mainland China - has raised $300 million across two tranches in a Series D round led by Hillhouse Capital and Sequoia Capital China.
Deal focus: EQT bets on bank cards
China leads the world in mobile payments, but bank and credit card transactions still surpassed $5 trillion last year. EQT wants to help VBill expand its presence in the space, at home and overseas
PE-backed Jinxin Fertility files for HK IPO
Jinxin Fertility, the assisted reproduction services division of China’s Jinxin Group that is backed by several private equity investors, has filed for an IPO in Hong Kong.
Coatue leads investment in logistics platform YunQuNa
China-based YunQuNa, which provides digital logistics services for shipping companies, has raised the second tranche of a Series B round led by Coatue Management.
TPG-SoftBank fund backs Chinese restaurant services platform
Shiheng Technology, a Chinese company that helps restaurants manage their online food delivery businesses, has completed the second tranche of a Series B round led by a TPG Capital and SoftBank Ventures Korea fund.
Singapore AI start-up raises $20m
ViSenze, a Singaporean artificial intelligence (AI) provider focused on e-commerce has received a $20 million Series C round led by China’s Gobi Ventures and the VC arm of Portuguese retail and technology group Sonae.
Fund focus: Intudo proves a tight focus has broad appeal
Intudo Ventures has raised $50 million for its second Indonesia-focused fund, drawing on strong support from international investors such as Founders Fund
Lilly Asia Ventures closes Fund V at $750m hard cap
Lilly Asia Ventures (LAV) has closed its fifth healthcare fund – which operates globally but primarily backs companies with a China angle – at the hard cap of $750 million. It represents a meaningful step up in size from the $450 million raised for...
Polaris exits Japanese timber company
Japan’s Polaris Capital has agreed to sell its 100% stake in domestic timber and building materials company Hivic for JPY8.5 billion ($77.4 million).