Sectors
China’s 6 Dimensions raises $844m for debut healthcare fund
China’s 6 Dimensions Capital, which was formed through the merger of WuXi Healthcare Ventures and Frontline BioVentures, has raised approximately $844 million for its debut healthcare fund.
Bain completes tender offer for Japan’s ADK
Bain Capital Private Equity has completed its tender offer for Japanese advertising agency Asatsu-DK (ADK), acquiring a majority stake in a deal that values the company at JPY153 billion ($1.3 billion).
China bike-sharing operator Hellobike raises $350m
Chinese bike-sharing operator Hellobike has raised $350 million in a Series D round of funding from several investors including Alibaba Group’s Ant Financial and Chengwei Capital.
CPPIB invests $248m in Hong Kong logistics program
Canada Pension Plan Investment Board (CPPIB) has invested HK$1.9 billion ($248 million) in a Hong Kong-based warehousing joint venture with logistics operator Goodman Group.
Singapore's VC-backed Ascenz sold to trade buyer
Singapore-headquartered Ascenz, a provider of performance solutions for ships, has been acquired by French engineering company Gaztransport & Technigaz (GTT), facilitating an exit for investors including Red Dot Ventures.
Fund focus: Eight Roads fund targets Japan tech
Eight Roads Ventures has $223 million to deploy in Japan, with robotics, inbound tourism and healthcare all high on its agenda
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
MicuRx Pharma gets $15m to support China drug trials
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has received RMB100 million ($15.1 million) in funding in a round led by existing investors Delian Capital and BVCF.
B Capital leads round for India's Mswipe
Indian financial technology company Mswipe has closed a $40 million Series D funding round led by B Capital Group.
Japan household robot maker secures $57m round
Innovation Network Corporation of Japan (INCJ) and Tokyo-based asset manager Sparx Group have agreed to invest at least JPY6.4 billion ($57 million) in household robot maker Groove X.
Riverside exits Australia's Learning Seat
The Riverside Company has sold Learning Seat, an Australia-based online compliance training specialist, to NASDAQ-listed marketing services provider Callidus Software for $26.4 million in cash.
Livingbridge completes debut Australia deal
UK-based GP Livingbridge has made its debut investment in Australia with a commitment of undisclosed size to project management consulting company TSA Management.
ADIA buys stake in KKR's India NBFC
The Abu Dhabi Investment Authority (ADIA) has invested in KKR India Financial Services (KIFS), an Indian non-banking finance company (NBFC) backed by KKR.
PE-backed Billabong gets $150m buyout offer
Australian surfwear brand Billabong International has received a A$198 million ($150 million) non-binding buyout offer from Boardriders, owner of the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
SBCVC leads $30m round for China healthcare AI firm
SBCVC has led a RMB200 million ($30 million) Series B round for 12 Sigma, a China-based biotechnology company that applies artificial intelligence (AI) technology to medical image diagnoses.
AVCJ at 30: Part Three - The Rise of China
David Pierce of HQ Capital, Gary Rieschel of Qiming Venture Partners, Shangzhi Wu of CDH Investments, and Weijian Shan of PAG Asia Capital on China's emergence as a private equity and venture capital destination
Paragon part-exits India's Capacite for $14m
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
Coatue leads $177m round for Chinese comic book app
Kuaikan Comic, a mobile app that focuses on Chinese comic books, has raised a $177 million Series D round of funding led by Coatue Management.
Bain to make full exit from Japan's Bellsystem24
Bain Capital Private Equity has agreed to make a full exit from Japan-based call center business Bellsystem24 by selling its remaining 14.43% stake to domestic printing company Toppan Printing.
India NBFCs: The next level
India’s NBFCs remain an attractive entry to an underserved finance market, but the growing maturity of the segment means returns may be more modest going forward
GLP shareholders approve $11.5b PE-backed privatization
Shareholders have voted in favor of a S$15.9 billion ($11.5 billion) acquisition of Singapore-listed warehouse operator Global Logistic Properties (GLP) by a consortium that includes Hopu Investment and Hillhouse Capital.
Indian regulator reviews SoftBank’s Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
Sequoia China backs fixed income manager Income Partners
Sequoia Capital China has made a strategic investment in Income Partners, a Hong Kong-based emerging markets asset manager that specializes in fixed income funds.