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EMIA backs Cambodia logistics provider
Singapore-based private equity investor Emerging Markets Investors Alliance (EMIA) has confirmed an investment of undisclosed size in Cambodia’s FWF Full Well and Nisshin Logistics.
Singapore’s Capillary Technologies gets $45m Series D
India-founded and Singapore-headquartered retail industry software-as-a-service (SaaS) provider Capillary Technologies has raised a USD 45m Series D round featuring India’s Avaatar Ventures.
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
Goldman backs Japan taxi-hailing player Go
Goldman Sachs Asset Management (GSAM) has committed JPY 10bn (USD 75m) in Series D funding to Go Inc, operator of a Japan-based taxi-hailing app.
Australia, US carbon reporting start-up raises $9m
Understory Ventures, an Australian environmental impact investor, has led a USD 9m Series A round for Australia and US-based carbon reporting technology provider Flintpro.
Alibaba plans IPO for PE-backed logistics unit
Cainiao Smart Logistics Group, the private equity-backed logistics unit of Alibaba Group, will be spun off via an IPO as part of the parent company’s broader restructuring effort.
TPG re-engages with improved offer for Australia's Invocare
TPG Capital has been granted due diligence access to Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria, after making an improved offer that values the business at approximately AUD 2.2bn (USD 1.5bn).
Apax invests $450m in India’s IBS Software, Blackstone exits
Apax Partners has agreed to pay USD 450m for a significant minority stake in India’s IBS Software, a travel and logistics industry supplier, enabling an exit for The Blackstone Group.
Macquarie Capital acquires majority stake in India’s CloudExtel
Macquarie Capital, the investment arm of Australia’s Macquarie Group, has acquired a 51% stake in Indian digital connectivity technology provider CloudExtel for about USD 100m.
Blackstone falls short in bid to delist India's R Systems
The Blackstone Group has failed to delist Indian IT provider R Systems due to insufficient interest from public shareholders six months after agreeing on a majority acquisition.
Singapore wine cleantech start-up raises $10m
Singapore’s EcoSpirits, a start-up focused on low-carbon technology for the wine industry, has raised a USD 10m Series A round led by US circular economy specialist Closed Loop Partners.
Fireside leads $40m Series B for India's Ripplr
Fireside Ventures has led a USD 40m Series B round for India-based distribution and logistics platform Ripplr. The round comprised USD 28m in equity funding and USD 12m in debt.
CLSA exits Japan parking lot operator to Advantage
CLSA Capital Partners (CLSA CP) has agreed to sell Japanese coin-operated parking lot business Ecolocity to Advantage Partners for an undisclosed sum.
East leads $20m Series A for Indonesia's Praktis
East Ventures has led a USD 20m Series A round for Indonesian logistics technology start-up Praktis with support from Sinar Mas Digital Ventures (SMDV).
BPEA EQT part-exits India's Coforge, realises $109m
BPEA EQT – formerly Baring Private Equity Asia – continues to pare its holding in Indian IT solutions provider Coforge, generating INR 8.9bn (USD 109m) in the latest of multiple public market trades dating back to late 2020.
India's Iron Pillar leads $30m round for logistics SaaS company
Iron Pillar and Uncorrelated Ventures have co-led a USD 30m investment in Pando, a US-headquartered logistics software-as-a-service (SaaS) provider with an India-based development team.
India's Ace Turtle raises $34m Series B
India’s Ace Turtle, an omnichannel platform used by lifestyle and fashion retailers such as Wrangler and Toys R Us, has raised USD 34m in Series B funding featuring Singapore’s Vertex Ventures.
Khazanah commits $40m to India's Xpressbees
Malaysia sovereign wealth fund Khazanah Nasional has invested USD 40m in India-based logistics start-up Xpressbees through the acquisition of shares from one of the company’s early backers.
TPG abandons bid for Australian funeral services provider
TPG Capital has withdrawn its AUD 1.8bn (USD 1.2bn) unsolicited takeover bid for Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria.
US, India cybersecurity player gets $50m Series B
US and India-based cyber risk management software-as-a-service platform Safe Security has closed a USD 50m Series B round led by Sorenson Capital.
J-Star invests in Japan IT provider
Japanese private equity firm J-Star has invested an undisclosed sum in local IT staffing services provider Miraie in an apparent consolidation play.
Longreach acquires Japan IT company via bolt-on
The Longreach Group has acquired Japanese IT services provider Blueship as a bolt-on for Japan Systems, an existing portfolio company in the space.
JBIC, Mitsui back Singapore's Wellesta
Japan Bank for International Cooperation (JBIC) and Mitsui & Co have invested in Singapore-based Wellesta, a diversified services provider for the regional healthcare industry.
Quadrant completes New Zealand cybersecurity roll-up
Quadrant Private Equity has invested in New Zealand-based cybersecurity providers Quantum Security Services, ZX Security, and Helix Security Services with a view to supporting expansion into new geographies and service offerings.