Real estate
MBK-owned Homeplus abandons plan for Korean REIT
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
CDPQ leads $150m round for China's Mofang Apartment
Mofang Apartment, a Chinese serviced apartment developer backed by Warburg Pincus, has raised a $150 million Series D round led by Caisse de dépôt et placement du Québec (CDPQ).
PE-backed logistics platform ESR files for Hong Kong IPO
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has filed for an IPO in Hong Kong.
Chinese apartment rental service Danke raises $500m
Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants, has raised $500 million in a Series C round led by Tiger Global Management and Ant Financial.
J-Star's Japan Hospice Holdings set for Tokyo IPO
Japan Hospice Holdings, a hospice care platform created by J-Star through a series of acquisitions, is looking to raise JPY1.48 billion ($13.4 million) through a Tokyo IPO.
Tiger leads $50m round for China shared kitchen provider
Tiger Global has led a $50 million Series C round for Panda Selected, a Chinese provider of shared kitchen services for food delivery start-ups.
Warburg Pincus backs $200m investment in Indonesia's NWP
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
CITIC Capital targets China distress
CITIC Capital has established a team to make distressed investments in China, primarily in the real estate sector, and is considering raising a fund dedicated to this strategy.
India's Zolo secures $30m Series B
Indian managed accommodation platform operator Zolo has raised $30 million in Series B funding from a group of investors including IDFC Alternatives.
Everstone’s IndoSpace closes India logistics fund at $580m
IndoSpace, a joint venture between Everstone Group and US-based Realterm Global that develops Indian industrial and logistics facilities, has closed its third fund at $580 million.
VIG-owned Hi-Parking buys Wilson Parking Korea
HiParking, a Korean parking managing business owned by VIG Partners, has agreed to buy Wilson Parking Korea as part of an industry consolidation play.
GIC establishes $1.4b logistics JV with Australia’s Dexus
Singapore’s GIC Private has formed a joint venture with Australian real estate investment trust (REIT) Dexus to invest A$2 billion ($1.4 billion) in logistics properties in Australia.
Hong Kong's EmergeVest consolidates UK logistics assets
Hong Kong-based EmergeVest – a PE firm established by former executives from HSBC’s Asia principal investments division – has consolidated ownership of six UK logistics assets into a single platform with GBP850 million ($1 billion) in annual revenue.
PE-backed ESR establishes India logistics JV with Allianz
Private equity-backed Asian logistics and fund management platform ESR has established a joint venture with Allianz Group’s real estate division that will invest around $1 billion – comprising equity and debt – in India.
China's Geek+ closes Series B round at $150m
Geek+, a Chinese manufacturer of robots for use in logistics and warehousing, has closed its Series B round with $150 million in commitments. It is claimed to be the largest financing globally in the logistics robotics space and it takes Geek+’s valuation...
China’s Ucommune gets $200m in Series D round
Chinese co-working space operator Ucommune, formerly named UrWork, has raised $200 million in Series D funding led by All-Stars Investment, with participation from CEC Capital.
Warburg takes apartment rental exposure into HK
Warburg Pincus has invested $181 million in Weave Co-Living, a Hong Kong-based rental accommodation provider focused on millennials and young professionals.
EQT buys stake in Chinese wallpaper brand
EQT has acquired a 40% stake in Shanghai Artwall Environmental Technology, a Chinese wallpaper manufacturer, from the company’s founders for an undisclosed sum. Red Star Macalline, a domestic home furnishings retailer, also participated as a minority...
Yunfeng leads $300m round for China's Xiaozhu
Xiaozhu, a Chinese online booking platform for short-term room rentals, has received a $300 million funding round led by Yunfeng Capital and Advantech Capital.
CLSA Capital buys Japanese real estate services platform
CLSA Capital Partners (CLSA CP) has acquired House Partner Holdings, a real estate services provider focusing on apartment rental agencies in the Greater Tokyo area.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
GA, Hillhouse lead $120m Series C for Chinese co-working space
MyDreamPlus, a Beijing-based co-working space provider, has raised $120 million in Series C funding led by General Atlantic (GA) and Hillhouse Capital.
WeWork raises $500m for China unit
Trustbridge Partners, Temasek Holdings, SoftBank Group and the SoftBank Vision Fund, and Hony Capital have led a $500 million Series B round for the China branch of US-based co-working space operator WeWork.
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
