Sectors
VC-backed Berry Genomics to list in Shenzhen via reverse merger
Berry Genomics, a Chinese genetic test developer backed by Qiming Venture Partners and Legend Capital, is looking to list in Shenzhen through a reverse merger.
Apis, ICICI invest in India's Star Health
Apis Partners and ICICI Venture have invested in Indian health insurance provider Star Health & Allied Insurance.
China overseas car rental platform raises $22m
Yitu8.net, an overseas car rental platform for Chinese outbound travelers, has raised a RMB150 million ($22 million) Series B round led by Sanhua Holdings, a Chinese refrigeration and air-conditioning components manufacturer.
Accel invests $7m in India's Mihup
Accel Partners has invested over INR450 million ($6.7 million) in Indian artificial intelligence-enabled personal assistant app developer Mihup Communications.
Deal focus: NGP diversifies across modern mobility
Nokia Growth Partners saw India's Zoomcar as potential star at the nexus of car connectivity, marketplace platforms and technology-driven transport solutions. Now it is backing the company's car-sharing model
Fund focus: Kerogen plays the long game
In the early stages of deployment of its $830 million second fund, Kerogen Capital faces a very different energy sector to the previous cycle, characterized by lower costs, lower entry prices and reduced competition
China Everbright, Focus Media form $750m TMT fund
China Everbright and its portfolio company Focus Media, a Chinese outdoor advertising business, have launched a RMB5 billion ($750 million) investment fund that will invest in the technology, media and telecom (TMT) sector.
Carlyle exits Australia's Qube Logistics
The Carlyle Group has fully exited its remaining stake in Australian ports operator Qube Logistics for a reported A$350 million ($263 million).
UOB Venture leads $30m round for China’s HunterOn
UOB Venture Management (UOBVM), a subsidiary of Singapore’s United Overseas Bank, has led a RMB200 million ($30 million) Series C round for HunterOn, a Chinese online recruitment services provider.
Ambit Pragma invests in India's Prime Focus
Indian mid-market PE firm Ambit Pragma has invested in Prime Focus Technology (PFT), a subsidiary of Indian media services company Prime Focus.
India renewables: Streams to rivers
Indian investors feel that despite recent problems with yieldcos on the global market, the model still holds promise for the country’s renewable energy sector
Deal focus: Goldman, EastBridge cook up expansion plan
After attempts to grow cross-border struggled, the founder of Korean cookware manufacturer Happycall opted to bring in EastBridge Partners and Goldman Sachs' capital and expertise
Deal focus: Navis leaves its mark on auto services
Navis Capital Partners has completed the second part of its exit from Australia's WorldMark Group, generating proceeds of $300 million across both transactions. For one executive, it marks the end of near 20-year journey
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
China cloud radiotherapy start-up Allcure raises $27m
Beijing Allcure Medical Technology, a Chinese medical start-up that develops cloud-based radiotherapy technology, has raised an extended Series A round of funding worth RMB180 million ($27 million).
Sequoia leads $27m round for India, US-based Mitra
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.
Southeast Asia’s HappyFresh gets Series B
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.
Bessemer leads $15m round for India's LivSpace
Bessemer Venture Partners has led a INR1 billion ($14.9 million) funding round for Indian online home design portal LivSpace.
CVC agrees $166m deal to invest in Indonesian hospital operator
CVC Capital Partners has once again entered into a partnership with Indonesia’s Lippo Group, agreeing a IDR2.2 trillion ($165.7 million) deal to invest in Siloam International Hospitals, which is controlled by the Riady family-owned business.
General Atlantic, Ctrip back tourism-focused China PE firm
Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
New Zealand's Spotlight Reporting gets $3.6m Series A
New Zealand’s Spotlight Reporting, a cloud-based accounting services provider, has received NZ$5 million ($3.6 million) in Series A funding from investors including the Global from Day One (GD1) Fund II.
Net1 invests in VC-backed Indian mobile wallet start-up
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.
China mobile app testing platform Testin raises $30m
Testin, a China-based mobile app testing service provider, has completed a $30 million round of funding led by an undisclosed US dollar-denominated venture fund.
Monk's Hill, Kickstart invest in Philippines-based ZipMatch
Monk's Hill Ventures and Kickstart Ventures, a unit of Philippines telecommunications company Globe Telecom, have invested in Manila-based real estate marketplace ZipMatch.