Real estate
PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$975.6 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
Deal focus: NoBroker eases India's property pain points
Beenext re-upped in NoBroker - supporting a Series C round led by General Atlantic - because it believes the company's deep industry knowledge is a differentiator in India's online property brokerage space
PE-backed Fang.com spins out China property analytics business
Private equity-backed online real estate portal Fang.com has spun-out its property analytics and benchmarking system in what its CEO Yu Huang described as the first direct public offering (DPO) by a Chinese company in the US.
General Atlantic leads $51m Series C for India's NoBroker
General Atlantic has led a $51 million Series C round for NoBroker, an online real estate marketplace based in India. SAIF Partners and Beenext Capital Management also participated in the round.
PE investors pursue strategic sale of The Executive Centre
HPEF Capital Partners and CVC Capital Partners have launched a sale process for The Executive Center (TEC), a serviced office provider with locations across Asia Pacific.
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.
