Sectors
PE-backed Manpower unit files for Hong Kong IPO
Manpowergroup Greater China, the China branch of American staffing giant Manpower Group, has filed for a listing on the Hong Kong Stock Exchange.
China's sharing economy: Shared dilemma
With Ofo teetering on the brink of bankruptcy, bike-sharing and the broader concept of the sharing economy in China is being called into question. The survivors will be sustainable and suitably differentiated
China's Gobi makes its first two Philippines investments
China’s Gobi Partners has made its first investments in the Philippines with early-stage commitments of undisclosed size for online healthcare services provider Maria Health and student portal operator Edukasyon.
Immunochina secures $20.5m Series C round
Beijing-based Immunochina Pharmaceuticals has closed a RMB140 million ($20.5 million) Series C round with support from a group of investors including PayPal co-founder Peter Thiel.
Redpoint China raises $400m across two new funds
Redpoint China Ventures has closed a $300 million fund focusing on early-stage investments and a $100 million opportunity fund looking to invest in growth-stage companies.
India's Truebil raises $14m in equity and debt
Indian used car trading platform Truebil has raised INR1 billion ($14 million) in equity and debt from investors including Shunwei Capital, Kalaari Capital, and Inventus Capital.
SoftBank invests $150m in India's FirstCry
SoftBank Vision Fund has committed $150 million to Indian online baby and child-focused retailer FirstCry as the first tranche in a planned $400 million Series E round.
Japan's SBI invests $15m in Swiss blockchain player
SBI Crypto Investment, a unit of Japan’s SBI Holdings formed to back digital asset-focused start-ups, has invested $15 million in Tangem, a Switzerland-based producer of blockchain smart card wallets.
Shanghai launches $7.35b biotech fund
The Shanghai government has launched a biotech sector-focused fund targeting a hard cap of RMB50 billion ($7.35 billion) in partnership with Guotai Junan Securities, China Pacific Insurance and Shanghai Zhangjiang Group.
Indonesia's Warung Pintar gets $27.5m Series B
Warung Pintar, an Indonesia-based smart kiosk start-up, has raised IDR390 billion ($27.5 million) in Series B funding from a group of investors including East Ventures.
GPs commit $15m Series B to China's Ekuaibao
Ekuaibao, a Chinese corporate cost management software-as-a-service (SaaS) provider has raised $15 million in a Series B round of funding led by Mandra Capital, with participation from existing investors DCM Ventures and Future Capital.
China’s MabPlex raises $59m Series A
Shandong province-based biologics and biopharmaceutical contract development and manufacturing organization (CDMO) MabPlex has raised RMB400 million ($59 million) in Series A funding led by SDIC Venture Capital and Shenzhen Capital Group.
Eight Roads invests $31m in Indian pharma player
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has invested INR2.18 billion ($30.6 million) in Indian pharmaceutical manufacturer Caplin Point. Sister fund F-Prime Capital Ventures also participated.
Bain makes tender offer for Japan's Kosaido
Bain Capital Private Equity has launched a tender offer for Japan-listed printing and IT solutions provider Kosaido that values the target company at approximately JPY15.2 billion ($139 million).
Suning invests in Yunfeng co-invest vehicle for iKang take-private
Chinese consumer electronics retailer Suning has committed $50 million to a US dollar-denominated co-investment vehicle managed by Yunfeng Capital that will support the $1.4 billion privatization of iKang Healthcare Group.
Domestic, international themes drive India opportunities
Companies that cater to international customers currently offer the most compelling PE investment opportunities in India, but GPs are increasingly excited about the rise of new segments in the domestic market.
Deal focus: Medbanks brings big data to China cancer care
Medbanks raises a $59 million Series C round to update the traditional information networks that make China’s growing oncology industry tick. Quality of management has proven a critical investment factor
PE-backed Shenzhen Scholar files for Hong Kong IPO
Shenzhen Scholar Education, a Chinese after-school tutoring business backed by CRE Alliance, has filed for an IPO in Hong Kong.
Apax invests $200m in India, US-based Fractal Analytics
Apax Partners has agreed to pay $200 million for a significant minority stake in India and US-based data analytics provider Fractal Analytics.
SoftBank Vision Fund to invest in India's Delhivery
SoftBank Vision Fund is planning to purchase a stake of up to 38% in Indian e-commerce logistics services provider Delhivery.
China’s GaiaWorks raises $44.4m in Series C
China-based GaiaWorks, an HR-focused software-as-a-service (SaaS) provider, has raised RMB300 million ($44.4 million) in a Series C round of funding led by Tiger Global Management.
China early-stage investment round-up
Venture capital deals involving DCM, Sinovation Ventures, Langsheng Investment, United Capital, Shenzhen Capital, Capital Fortune Investment, Tiantu Capital, IDG Capital, Shunwei Capital, and Sky9 Capital
Aberdeen Standard backs insurtech specialist Singapore Life
Aberdeen Standard Investments has committed $13 million to financial technology start-up Singapore Life, taking the company’s total capital raised to date to $97 million.
Verlinvest leads $25m Series C for India's Drums Food
Verlinvest has led a INR1.8 billion ($25 million) Series C investment in India’s Drums Food International, best known for the Epigamia yogurt brand.