Sectors
Noah to buy back Sequoia's stake in asset management unit
Chinese wealth management firm Noah Holdings has agreed to repurchase Sequoia Capital China’s stake in its asset management unit – Gopher Asset Management - following difficulty in winning approval for the investment.
Korea bans initial coin offerings
South Korea has initiated a ban on fundraising exercises known as initial coin offerings (ICO) which involve the unregulated sale of cryptographic tokens.
Riverside invests in Australia energy software player
The Riverside Company has made an investment of undisclosed size in Energy Exemplar, a software provider for the electric power, water, gas and renewables industries.
Baring-owned CMS files for India IPO
CMS Info Systems, an Indian financial management service provider owned by Baring Private Equity Asia, has filed for an IPO that will see the PE firm make a partial exit.
Permira to complete exit from Japan's Sushiro with 2.9x return
Permira will realize a gross multiple of 2.9x on its investment in Sushiro Global Holdings – the sushi restaurant chain it took public in Tokyo earlier this year – having agreed to sell its remaining stake to the parent company of Genki Sushi.
PE-backed Zhong An climbs 9.2% on Hong Kong debut
Zhong An Insurance, a Chinese online-only insurance business backed by Alibaba Group, Tencent Holdings and Ping An Insurance as well as several PE investors, gained 9.2% on its trading debut in Hong Kong.
China online radio platform raises $150m
Qingting FM, a Chinese online radio platform, has raised a RMB1 billion ($150 million) round of funding jointly led by We Capital – the VC arm of Chinese ticket booking site Beijing Weiying Times Technology – and Baidu.
CBC, Ocean Link lead $40m round for China's Yitiao
China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
India's VC-backed Newgen files for IPO
India-based business management services provider Newgen Software Technologies has filed for an IPO that will provide exits for Ascent Capital, IDG Ventures India and SAP Ventures.
Singapore's AdAsia closes Series A at $14.5m
Singapore-based advertising technology company AdAsia Holdings has closed its Series A funding round at $14.5 million after receiving a $2.5 million investment from angel investor Hisanori Watanabe and Japanese news app provider Gunosy.
India's HomeShop18 to buy Providence-backed Shop CJ
Shop CJ Network, an Indian home-shopping channel in which Providence Equity Partners holds a 50% interest, will be acquired by industry peer HomeShop18.
Deal focus: Gogoro takes its scooters global
Taiwan-based Smartscooter wants to stimulate demand for its electric vehicles in Southeast Asia by rolling out a dedicated network of battery exchange stations. The company has raised $300 million in support of this plan
Deal focus: Advantage kneads 12x return
Advantage Partners has sold Japanese massage chain Riraku back to one of the company's co-founders at a valuation of $300 million, having successfully executed its expansion strategy
KKR invests in Chinese fintech platform
KKR has committed an undisclosed amount of Series C funding to Chinese financial technology platform Shenzhen Suishou Technology.
Five V Capital invests $8m in Australia's RateSetter
Five V Capital, a private equity firm headed by CVC Capital Partners’ former Australasia lead Adrian MacKenzie, has led a A$10.5 million ($8.2 million) funding round for Sydney-based financial services provider RateSetter.
Ascendent-backed RYB Education gains 40% on US debut
Chinese kindergarten operator RYB Education closed up 40% on its first day of trading in New York following a $144.3 million IPO. Ascendent Capital Partners made a partial exit through the offering.
MBK to buy stake in Korean golf course business
MBK Partners, which completed its acquisition of Japanese golf course operator Accordia Golf earlier this year, has agreed to take a stake in the golf course management business of Korea-listed Golfzon.
Hony backs $1b COFCO Capital mixed ownership reform deal
Hony Capital has committed RMB1.8 billion ($271 million) to COFCO Capital Investment, a subsidiary of Chinese state-backed COFCO Group. It is the largest participant in a RMB6.9 billion mixed ownership reform deal.
Yao Capital leads $75m round for China sports school
Yao Capital has led a RMB500 million ($75 million) round of funding for Doing Now, a privately-held Chinese sports school for children.
China flexible display developer gets $800m in equity, debt funding
Royole Corporation, a China-based flexible display technology developer, has completed its Series D funding round with $240 million in commitments from a group of local investors and also raised $560 million in debt financing.
OrbiMed invests $42.5m in India's Vivimed Labs
Healthcare specialist investor OrbiMed has committed $42.5 million in Uquifa, the active pharmaceutical ingredient (API) unit of India-listed pharmaceuticals business Vivimed Labs.
Dymon invests $15m in Malaysia bottled water company
Singapore-based Dymon Asia Private Equity has agreed to acquire a 13% stake in Malaysia-based and Myanmar-listed bottled water producer Spritzer for about MYR63 million ($15 million).
Deal focus: XW wins backing for better drugs
XW Laboratories identifies approved drugs with deficiencies and produces new versions that work better. The Chinese company has received $17.5 million in Series B funding to build out its pipeline
Qiming leads $52m round for China's JingChi
Qiming Venture Partners has led a $54 million pre-Series A round for JingChi, a Chinese self-driving technology company, with participation from US-based strategic investor Nvidia GPU Ventures.