Sectors
DCP backs China expansion by Canadian vitamins brand
DCP Capital has agreed to invest approximately USD 175m to support the China expansion of Jamieson Wellness, a listed Canadian producer of health and wellness products.
AVCJ Awards 2022: Fundraising of the Year – Mid Cap: Potentia Capital
For Australia’s Potentia Capital, the beauty of its sophomore fundraise was not that it took four months, but that it took two years. Putting out feelers well before the official launch created buzz
Fengyuan leads Series A for China battery components maker
Fengyuang Capital has led a CNY 150m (USD 22m) Series A round for Haodyne Technology, a China-based battery materials supplier.
Kotak fund invests $129m in India's Biocon
Kotak Mahindra Advisors (KIA), the alternative assets arm of Kotak Mahindra Group, has committed INR 10.7bn (USD 129.4m) to Indian pharmaceuticals manufacturer Biocon to support the latter’s acquisition of a biosimilar business from global healthcare...
Potentia makes improved buyout offer for Australia's Nitro
Potentia Capital has submitted a new bid for Nitro Software that values the listed Australian business at approximately AUD 532.3m and eclipses a competing offer from a strategic investor.
Anchorage agrees carve-out from New Zealand's Green Cross Health
Anchorage Capital Partners has agreed to buy New Zealand-based Green Cross Health’s community healthcare business – which provides in-home nursing, personal care, rehabilitation, social support, and household assistance services – for an enterprise...
L Catterton re-ups in Australian kombucha brand
Remedy Drinks, an Australia-based healthy beverage brand, has raised a Series B round from existing investors L Catterton and Kin Group.
Greater Pacific Capital leads round for India's NxtWave
Greater Pacific Capital has led a USD 33m round for NxtWave, an India-based online training platform that looks to develop skilled professionals suitable for employment in the technology sector.
Hong Kong pledges more capital for local start-ups
The Hong Kong government is stepping up its investments in technology start-ups, pledging additional funding to programmes run by HKSTPC, an incubator under Hong Kong Science & Technology Park, and Cyberport.
Capital Square secures post-merger India IT services deal
Capital Square Partners (CSP) has announced its first deal since merging with Basil Technology Partners (BTP) with an investment in Relevance Lab, an IT services provider that has a sizeable operation in India.
China distributed power specialist PCG raises $73m
PCG Power, a Chinese energy management services provider incubated by property developers China Poly Group and Country Garden, has raised CNY 500m (USD 73m) in Series A funding.
Amazon leads Series D for India's FreshToHome
Amazon Smbhav Venture Fund, a USD 250m India-focused vehicle established by the US technology giant, has led a USD 104m Series D round for direct-to-consumer fresh fish and meat delivery platform FreshToHome.
Profile: Lightspeed China Partners’ James Mi
Rejecting a life-changing job offer from Google and overseeing a failed start-up are two of James Mi’s mistakes. He learned from them and then made a success of Lightspeed China Partners
Deal focus: Affine builds software for an office beyond Office
Affine is one of many start-ups working on a set of collaborative tools to replace Word, Excel, and PowerPoint. Its open-source model struck a chord with investors at a time when capital is scarce
Data sovereignty: Compliance complex
Deglobalisation is broadening the concept of cyber risk management from simply preventing attacks to navigating a minefield of data regulations. The pressure on PE spans investment, operations, and exits
Deal focus: Small is beautiful at Quantum Brilliance
Australia-based Quantum Brilliance has raised USD 18m in pre-Series A funding on the back of technological breakthrough that delivers quantum computing without large-scale cooling infrastructure
Deal focus: Loam Bio’s agri-climate offering resonates with investors
Soil carbon sequestration specialist Loam Bio’s Series B is the largest ever seen in Australian agricultural technology. The company’s backers expect it to go big and go global
AVCJ Awards 2022: Operational Value Add: Sona Comstar
The Blackstone Group built a leader in India’s electric vehicle components space by combining – and then re-orienting – two traditional automotive players. Not even COVID-19 could stymie its progress
Gobi-Core named partner for Philippines start-up fund
A Philippines-focused fund supported by Gobi Partners has been selected as a co-investment partner for the government’s Startup Venture Fund (SVF), which was launched in 2021 to support early-stage investment.
China biosynthesis start-up Bluepha raises $58m
Bluepha, a Chinese start-up focused on bio-based chemicals, has raised CNY 400m (USD 58m) in a fourth tranche of Series B funding.
China GPs back pre-Series A for software start-up Affine
Affine, a Chinese-founded and Singapore-based collaborative software start-up, has raised USD 10m in pre-Series A funding led by Redpoint China, China Growth Capital, and Sinovation Ventures.
PeerCapital hits $37m first close on India early-stage fund
PeerCapital, an Indian venture capital firm that participates in seed and Series A rounds, has reached a first close of INR 3bn (USD 36.3m) on its debut fund.
Rise Fund buys Malaysian university from KV Asia
The Rise Fund, TPG’s global impact investment platform, has agreed to acquire a controlling stake in Malaysia-based Asia Pacific University of Technology and Innovation (APU) from KV Asia.
AVCJ Awards 2022: Firm of the Year – Mid Cap: Pacific Equity Partners
Reflecting on a 12-month period characterised by a string of bumper exits, Australia’s Pacific Equity Partners sees a clear connection between performance and well-established team and culture
