Sectors
Deal focus: Baring Asia completes Interplex turnaround
Refocusing on high-growth segments like electric vehicles – plus a smarter approach to sales and operations – underpinned Baring Private Equity Asia’s 4x return on engineering business Interplex
Deal focus: Darwinbox's unusual path to unicorn status
Most of India’s top software-as-a-service companies gained traction in the North American market. Darwinbox cracked Southeast Asia first, thanks to a product with broad appeal and local nuance
China medtech start-up SiBionics raises $79m
China-based medical technology start-up SiBionics has raised CNY 500m (USD 79m) in a third tranche of Series C funding co-led by CPE and China Life Investment.
Invesco leads $700m round for India’s Swiggy
Invesco has led a USD 700m round for India-based on-demand delivery platform Swiggy at a reported valuation of USD 10.5bn.
Ex-CVC Asia head raises $200m SPAC
Generation Asia Acquisition, a special purpose acquisition company (SPAC) sponsored by Roy Kuan, formerly Asia managing partner at CVC Capital Partners, has raised USD 200m through a US offering.
Insight leads $56m Series C for India's M2P Fintech
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.
BRV leads $140m Series C for Korea's Green Labs
BRV Capital Management has led a KRW 170bn (USD 140m) Series C round for Green Labs, a Korea-based agricultural technology start-up seeking to digitalise the food production value chain.
Vision Fund leads $150m round for China e-commerce enabler
Shoplazza, a China-based software-as-a-service (SaaS) provider specialising in cross-border e-commerce, has raised USD 150m in the first tranche of Series C led by SoftBank Vision Fund II.
River Head Capital hits first close on latest reminbi fund
China’s River Head Capital has achieved a first close on its second Innovation Growth Fund, a renminbi-denominated vehicle that has an overall target of CNY 2bn (USD 135m).
Indonesia e-commerce SaaS player gets $80m Series C
Lummo, an Indonesian e-commerce software-as-a-service (SaaS) provider for small businesses, has raised USD 80m in Series C funding led by Tiger Global Management and Sequoia Capital India.
NPX invests $43m in Korean digital content provider
The private equity arm of US and Korea-based NPX Capital has invested USD 43m in Korean digital cartoon studio Copin Communications.
Brookfield backs Sequoia China's new economy infra fund
Sequoia Capital China has raised a new economy infrastructure fund – which will invest in the likes of logistics, data centres, and life science parks – with Brookfield serving as the largest LP.
Baring Asia sells Interplex to Blackstone for $1.6b
Baring Private Equity Asia (BPEA) has sold Interplex, a Singapore-headquartered precision engineering business, to The Blackstone Group for an enterprise value of USD 1.6bn.
CapVest tops BGH's bid for Australia's Virtus Health
CapVest Partners, a UK-headquartered private equity firm that primarily invests in Europe and North America, has entered the race for Australian fertility care business Virtus Health with an AUD 650.1m (USD 469m) offer.
Hong Kong's Animoca Brands raises $359m at $5b valuation
US-based Liberty City Ventures has led a USD 359m round for Hong Kong blockchain media company Animoca Brands at a pre-money valuation of USD 5bn, more than double its valuation in October.
China beauty retailer Harmay raises $200m
Harmay, a China-based omnichannel beauty products retailer, has raised USD 200m across Series C and D rounds.
TPG-owned clinical trials player raises new equity, debt
Novotech, an Asia-based clinical trials specialist controlled by TPG Capital, has secured USD 760m in new equity and debt financing at a post-deal valuation of approximately USD 3bn.
Quadrant exits Australia experiential tourism business
Quadrant Private Equity has sold Journey Beyond, an Australia-based experiential tourism business, to US-based Hornblower Group, which is best known for offering cruise and sightseeing packages.
India digital wealth manager secures $75m Series D
Indian personal finance app INDmoney has raised USD 75m in Series D funding from Steadview Capital, Tiger Global Management, and Dragoneer Investment Group.
EverSource closes India climate impact fund on $741m
EverSource Capital has reached a final close of USD 741m on what is being called India’s largest climate impact fund.
China's Dishangtie Car Rental raises $200m
Dishangtie Car Rental, a Shenzhen-based electric vehicle (EV) rental service, has raised a USD 200m Series D round across two tranches featuring CICC Capital.
Impact investors commit $60m to India agtech platform
Quona Capital, Lightrock India, and Asia Impact SA have co-led a USD 60m Series C round for Indian agriculture technology platform Arya.
Deal focus: Starfield serves up Series B
The Chinese manufacturer of plant-based protein replacements has secured USD 100m in funding to advance a product portfolio that aspires to diversity and structural sophistication
4Q analysis: Record quarter, record year
China rebounds as Asia private equity investment ends 2021 with a bang; bright spots in improving fundraising environment; sponsor-to-sponsor exits thrive while PE-backed IPOs stumble