Sectors
MSPEA leads acquisition of Greek skincare business
Morgan Stanley Private Equity Asia (MSPEA) and Profex, a Chinese skincare company, have agreed to pay EUR48.3 million ($57.7 million) for a majority interest in Korres, a Greek specialist cosmetics manufacturer.
AVCJ Awards 2017: Exit of the Year - Mid Cap: Riraku
Over the course of four years, Advantage Partners doubled Japanese massage chain operator Riraku’s store count and tripled EBITDA. A 12x money multiple on exit was its reward
Carlyle sells Japan's AvanStrate to Vedanta Resources
Vedanta Resources, a metals and mining company founded in India and now headquartered in London, has agreed to assume control of Japanese LCD glass manufacturer AvanStrate from The Carlyle Group.
Yunfeng joins $817m investment in Suning finance unit
Yunfeng Capital is among 15 investors that have committed RMB5.34 billion ($817 million) for a 16.5% stake in Suning Finance, a financial services subsidiary of Chinese home appliance retailer Suning Commerce Group.
AVCJ Awards 2017: Exit of the Year - IPO: Au Small Finance Bank
India’s small finance bank reforms allowed Au Financiers to tackle an entirely new business opportunity, ultimately leading to a successful IPO for the company’s private equity backers
China's LexinFintech makes gains after $108m US IPO
LexinFintech, a VC-backed Chinese financial technology start-up best known for consumer lending platform Fenqile, has traded strongly on NASDAQ following its $108 million IPO.
ClearVue leads round for China smart vending machine business
ClearVue Partners has led a Series B round of unspecified size for Chinese smart vending machine operator Citybox. The consumer-focused GP also participated in the company’s $15 million Series A in September.
AVCJ Awards 2017: Deal of the Year - Large Cap: Yingde Gases
PAG Asia Capital stole a march on the competition to secure a $2.7 billion take-private of China’s Yingde Gases, dealing with feuding shareholders and complex financing along the way
China's UrWork gets $45m Series C round
Chinese co-working space operator UrWork has raised RMB300 million ($45 million) in Series C funding led by Qianhai Wutong Mergers and Acquisitions Funds, a vehicle backed by Qianhai Equity Exchange.
AVCJ Awards 2017: Deal of the Year - Mid Cap: Press & Converting
With Korean cosmetics brands trading at high valuations, VIG Partners thinks it got a bargain by moving upstream and buying a niche supplier to the skincare industry
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
Warburg Pincus invests in India's CAMS
Warburg Pincus has invested in Indian financial services provider Computer Age Management Services (CAMS).
AVCJ Awards 2017: VC Professionals of the Year: JP Gan & Nisa Leung
J.P. Gan and Nisa Leung, managing partners at Qiming Venture Partners, discuss the latest trends they are seeing in China’s consumer internet and healthcare spaces
Carlyle growth fund buys India BPO player
The Carlyle Group has acquired Indian healthcare business process outsourcing (BPO) provider Visionary RCM Infotech through its latest Asia growth fund, Carlyle Asia Growth Partners V (CAGP V).
OTPP acquires Australia's Jasper Farms
Ontario Teachers’ Pension Plan (OTPP) has acquired Jasper Farms, a leading avocado producer in Australia.
SoftBank, Mubadala in $4b round for China’s Didi Chuxing
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
Crescent sells Australia's GroundProbe to Orica
Australia's Crescent Capital Partners has sold domestic mining services technology supplier GroundProbe to explosives and blasting equipment company Orica for A$205 million ($157 million).
AVCJ Awards 2017: Deal of the Year - Early Stage Technology: SenseTime
A university spin-out focusing on technology commercialization, SenseTime has become popular among investors seeking artificial intelligence exposure
ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
Quadrant buys Ardent's Australia entertainment business
Quadrant Private Equity has agreed to buy the bowling and entertainment division of Australia’s Ardent Leisure Group for A$160 million ($123 million). This will be the second acquisition by the GP’s family and children’s entertainment platform.
SCPE buys control of Korea’s Sung Gyung Food
Standard Chartered Private Equity (SCPE) has acquired a controlling interest in Sung Gyung Food, South Korea’s second largest toasted and seasoned seaweed producer, for $123.5 million.
Temasek leads $80m round for Singapore biopharma player
Singapore’s Temasek Holdings has led an $80 million funding round for domestic biopharmaceutical company Tessa Therapeutics with support from a number of venture and growth capital investors.
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
AVCJ Awards: Fundraising of the Year - Venture Capital: Lilly Asia Ventures
Lilly Asia Ventures’ rapid-fire $450 million fundraise reflects increasing LP interest in the opportunities offered by the Chinese healthcare sector