Sectors
Japan's AbbaLab launches $14m start-up fund
AbbaLab, a Japanese start-up incubator focused on hardware prototyping in the internet-of-things (IoT) space, has launched a JPY1.5 billion ($14 million) fund.
Meridian Capital seeks $307m for China VC fund
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
China Everbright acquires elderly care business
China Everbright has acquired a 67.3% stake in Beijing Huichen Nursing Home Management, a healthcare services provider for more than 10,000 Chinese seniors.
Aura launches Australia-focused VC fund
Aura Group, an Australia and Singapore-based fund management and investment business, is raising an Australia-focused venture capital fund with a target corpus of A$30 million ($21.8 million).
Temasek, Advent seek majority stake in Crompton Greaves unit
Temasek Holdings and Advent International have launched an open offer to acquire a controlling stake in Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, for up to INR16.9 billion ($253 million)....
CDH leads round for Alibaba Pictures ticketing business - update
CDH Investments' wealth management platform, Ant Financial Services and Sina Corp. have led a RMB1.7 billion ($260 million) Series A round of funding for the online movie ticketing platform of Alibaba Group’s Hong Kong-listed film and entertainment unit....
Tower Capital, Temasek bid $196m for China TCM player
Tower Capital, a vehicle controlled by former 3i and Actis Capital Partners executive Danny Koh, is partnering with Temasek Holdings in a S$269 million ($196 million) takeover bid for traditional Chinese medicine (TCM) operator Eu Yan Sang International....
Matrix, Nexus in $13.5m Series C round for India's Stayzilla
Matrix Partners India and Nexus Venture Partners have committed $13.5 million in Series C funding to Indian hotel and home-stay reservation app Stayzilla.
China's Wanda Cinema to acquire PE-backed Wanda Media for $5.7b
Wanda Cinema Line, China’s largest cinema chain operator, plans to acquire its movie-making affiliate Wanda Media, which is backed by several PE investors, for RMB37.2 billion ($5.7 billion) in a cash and stock swap.
Apple invests $1b in China ride-hailing app Didi Chuxing
Apple has made $1 billion strategic investment in Didi Chuxing, China's leading ride-hailing app operator.
Max, Goldman invest $5m in India's Azure
Max Group and Goldman Sachs have invested INR335 million ($5 million) in Indian restaurant operator Azure Hospitality.
CLSA Capital Partners backs Japan school operator
CLSA Capital Partners (CLSA CP) has invested in Japanese school operator BC Ings through its Sunrise II buyout fund.
Keystone named preferred bidder for Korea's Dongbu
Local GP Keystone Private Equity has been selected as the preferred bidder for distressed Korean construction company Dongbu Corporation.
CDH makes partial exit from Hong Kong-listed Luye Pharma
CDH Investments has made another partial exit from China-based drug developer Luye Pharma, generating proceeds of between HK$709 million ($91.4 million) and HK$729 million.
Creation leads $25m Series B for India's Capital Float
Chicago-based Creation Investments Capital Management has led a $25 million Series B round for Indian small and medium-sized enterprise (SME)-focused non-banking finance company (NBFC) Capital Float.
Japanese pharma group launches global VC arm
Japanese oncology specialist Taiho Pharmaceutical has launched a VC arm that will invest an initial pool of $50 million in global start-ups focused on cancer therapies.
Beijing E-Town completes take-private of Mattson Technology
Chinese PE firm Beijing E-Town Capital has completed the privatization of Mattson Technology in a deal that values the NASDAQ-listed semiconductor processing equipment maker at approximately $300 million.
Australia-founded BigCommerce raises $30m round
BigCommerce, an e-commerce software provider founded in Australia but now based in the US, has raised a $30 million Series E round led by GGV Capital. It has now received more than $155 million in funding.
ClearVue commits $30m to Shanghai juice maker
China consumer-focused GP ClearVue Partners has invested $30 million in CHIC Fresh, a Shanghai-based high pressure processing (HPP) juice maker.
Japan's Gree reaches $37m first close on second fund
Gree Ventures – the VC arm of Japanese online media and gaming company Gree - has achieved a first close of its second fund with about $37 million in commitments.
Malaysia's Khazanah commits $100m to Fractal Analytics
Malaysian state-controlled investment fund Khazanah Nasional has invested $100 million in Fractal Analytics, a data analytics provider based in India and the US.
China TCM clinic chain Gu Sheng Tang raises $70m
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised $70 million in a Series C round led by US-based insurance firm Starr Companies, followed by China Ping An Insurance.
WiL, Infinity join $22m round for Japan's Soracom
World Innovation Lab (WiL) and Infinity Venture Partners are among the participants in a JPY2.4 billion ($22 million) round of funding for Soracom, a Japan-based internet of things (IoT) communications platform.
Singapore's Tagit receives $8.8m from Japanese IT group
Singapore mobile technology company Tagit has secured S$12 million ($8.8 million) for an international expansion effort from SRA Group, a Japanese IT systems developer and operator.