Adrian Li, founder and managing partner of Indonesia-focused AC Ventures, on Chinese incursions into Southeast Asia, localisation versus scale, the prospect of a protracted downturn, and being an Ironman
KKR has led a USD 68m Series B round for Australia’s Advanced Navigation, an autonomous systems developer for robots and vehicles used everywhere from the freeway to orbit
Once a white-hot investment theme in China, and for Chinese investors looking overseas, sport has slipped into obscurity amid concerns about regulation and monetisation
Digital transformation is an urgent social issue as much as an operational one, Japan-focused investors told the AVCJ Private Equity & Venture Forum.
Affinity Equity Partners has sold Hong Kong-headquartered garment label manufacturer Trimco Group to Brookfield Asset Management, for an enterprise value of USD 850m.
GSV Ventures has led a USD 45m round for Indian education technology provider Simplilearn. The Blackstone Group acquired 70% of the company last year for USD 250m.
Bain Capital has agreed to acquire a majority stake in Mash Group, a Japan-based fashion label, for an undisclosed sum.
The Blackstone Group has agreed to acquire a majority stake in India-based IT services provider R Systems International at a valuation of INR 29.04bn (USD 359m) and moved to delist the company.
Investors are increasingly challenged to reconcile a vanishing divide between some infrastructure and PE strategies, the AVCJ Private Equity & Venture Forum heard.
China Creation Ventures (CCV) has raised USD 150m for an opportunity fund that will participate in follow-on rounds and back spin-outs from established companies.
Blackbird and Prosperity7 Ventures, a unit of Saudi Arabian oil company Aramco, have led a USD 49.2m Series A round for Australian cell-cultured meat company Vow.
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), has launched a USD 2bn green electric vehicle (EV) fund with Chinese battery manufacturer CATL and the international arm of China Merchants Bank (CMB).
Panacea Venture, a healthcare-focused investment firm established by James Huang, formerly a partner at KPCB China, has closed its second fund with approximately USD 276m in commitments.
Centralised finance (cefi) manifestations of decentralised finance (defi) technologies are becoming problematic for mainstream investors, the AVCJ Private Equity & Venture Forum heard.
Kasco, a China-based air suspension supplier for passenger vehicles, has closed a Series B round of CNY 510m (USD 72m) led by an investment arm of CRRC Group, China State-Owned Venture Capital Fund, Source Code Capital, and Shenzhen Capital Group.
India’s Lentra, a financial technology provider focused on cloud-based lending, has raised USD 60m in Series B funding led by Bessemer Venture Partners and SIG Venture Capital.
Korean carve-out specialist Glenwood Private Equity has agreed to acquire a significant minority stake in the advanced materials unit of Hanwha Solutions, a listed subsidiary of Hanwha Group, for an enterprise valuation of KRW 680bn (USD 514.2m).
KKR has led a USD 48m Series C round for Privy, an Indonesia-based company that specialises in technology for providing legally binding digital signatures.
Singapore’s Wavemaker Partners has hit a first close of USD 13m on its debut impact fund, which focuses on climate themes in Southeast Asia. The target is USD 25m.
Seven & i Holdings, a Japanese retail conglomerate best known as the parent company of 7-Eleven, has agreed to sell department store operator Sogo & Seibu to Fortress Investment Group.
Bertelsmann Investments, Shinhan Venture investment, Mars Growth and Vertex Ventures Southeast Asia & India have participated in a USD 28m pre-Series B round for Singapore virtual healthcare platform Speedoc.
BPEA EQT – formerly Baring Private Equity Asia – and Regal Partners have increased their offer for Australia-based asset manager Perpetual only for the target company’s board to reject them once again.
Gojo & Company, a Japan-headquartered microfinance institution that operates across Sri Lanka, Myanmar, Cambodia, India, and Tajikistan, has raised USD 47.6m in Series E funding.
Investcorp has led a INR 5.45bn (USD 66.7m) investment in Global Dental Services (GDS), an India-based dental clinic chain that claims to be the largest business of its type in Asia and one of the top 15 globally.