Sectors
AGIC exits Italian robotics business for $436m
AGIC Capital, a private equity firm focused on cross-border investments, has exited its stake in Italian robotics supplier Gimatic to US-based industrial products manufacturer Barnes Group for EUR370 million ($436 million) in cash.
Shunwei leads $23m round for Chinese robotics player
Shunwei Capital has led an RMB160 million ($23 million) Series B round of funding for Rokae, a Chinese industrial robotics developer, with participation from GSR Capital, THG Ventures and Plum Ventures.
China's HighLight to exit US-based biotech player Bonti
Chinese healthcare-focused GP HighLight Capital is set to exit its position in US-based biotechnology company Bonti after Allergan agreed to acquire the business for $195 million, plus additional payments if certain development targets are met.
Meituan-Dianping gains on debut after $4.2b Hong Kong IPO
Chinese online-to-offline (O2O) lifestyle services platform Meituan-Dianping gained 5.3% on its trading debut in Hong Kong following a HK$33.1 billion ($4.2 billion) IPO.
Warburg Pincus commits $400m to China logistics business
Warburg Pincus has committed half of an $800 million round for Shanghai-based warehousing and logistics company NewEase China, which focuses on improving shipments through domestic airports and urban hubs.
KKR to buy Life Healthcare stake in India hospital JV
KKR has agreed to pay INR4.3 billion ($59.6 million) to South African hospital chain Life Healthcare Group for its stake in Max Healthcare, a hospital operator that it owns through a joint venture with Max India.
TPG, Goldman invest $70m in India's Livspace
Indian home design portal Livspace has raised $70 million in Series C funding led by TPG Growth, the middle market investment platform of TPG Capital, and Goldman Sachs.
China technology: Burnout
Questions about the sustainability of Meituan-Dianping's expansion strategy suggest that even newly listed unicorns are not immune to the changing sentiment in China's technology sector
Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
Investcorp makes China debut, backs Everbright fund
Investcorp, a Bahrain-listed asset manager, has made its first foray into China by committing $150 million to China Everbright’s New Economy Fund. There is an additional co-investment right of up to $100 million.
PE-backed WuXi AppTec targets Hong Kong listing
Wuxi AppTec, a contract pharmaceutical R&D services provider backed by several private equity investors, has filed for a Hong Kong listing less than four months after listing in Shanghai. The size and pricing of the IPO have yet to be decided, but the...
Deal focus: Video++ targets digital dollars
Chinese start-up Video++ raises Series C1 round to grow its AI advertising business aimed at China's streaming video platforms
Hong Kong Asia Medical receives $150m from General Atlantic
Hong Kong Asia Medical, a privately-owned Chinese cardiology hospital operator, has received a $150 million investment from General Atlantic amid escalating interest from global investors toward China’s biotech and healthcare industry.
Chinese investors commit $50m to India’s Ola
Indian ride-hailing app Ola has raised a $50 million round of funding from Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF), a vehicle backed by the Chinese government to support the One Belt One Road (OBOR) initiative.
CDPQ to invest $364m in CLP India
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR26.4 billion ($364 million) in CLP India, the India subsidiary of China’s CLP Holdings.
Anacacia sells Australian chilled food business
Anacacia Capital has exited Yumi’s Quality Foods, an Australian chilled food manufacturer that it acquired in 2014, to George Weston Foods (GWF) for an undisclosed sum.
Q&A: Emerald Media's Paul Aiello
KKR-backed Emerald Media was formed to invest in Asia’s media landscape, but it has found a growing number of opportunities in technology. Managing Director Paul Aiello discusses how the sectors have grown together
Deal focus: PingCap sees borderless future in the cloud
Fosun Group and Morningside Venture Capital lead a $50 million Series C round to support PingCap's US-China cloud database services push
OPIC commits $150m to Quadria healthcare fund
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed $150 million to Quadria Capital II, the latest fund of healthcare-focused PE firm Quadria Capital.
Golden Gate closes SE Asia VC fund at $100m
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.
Ant Financial backs Chinese working hours tracking app
Anxinji, a Chinese app used by many of the country’s blue-collar workers to keep track of their working hours, has closed a Series B funding round led by Alibaba Group affiliate Ant Financial.
SGX leads Series C for Hong Kong's Freightos
The Singapore Exchange (SGX) has led a $44.4 million Series C funding round for Freightos, a Hong Kong-based logistics technology platform that connects carriers with importers and exporters globally.
Silver Lake to invest $600m in Wanda-owned cinema chain
Silver Lake has invested $600 million in AMC Entertainment Holdings, a US cinema chain owned by Dalian Wanda Group, a once acquisitive Chinese conglomerate now said to be retreating from overseas markets.
Bain abandons buyout of Australia's BWX
Bain Capital Private Equity has abandoned its bid to acquire Australian skin and hair care product manufacturer BWX for A$810 million ($613 million).