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Logistics start-up Lalatech pursues Hong Kong IPO
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
Japan 'deskless workforce' start-up raises $23m
Japan’s Coral Capital has led a JPY 3bn (USD 23m) Series B round for Kaminashi, a local software start-up targeting an under-digitalised blue-collar segment it calls the “deskless workforce.”
GIC takes co-control of Bain-owned Japan software company
Bain Capital has ceded co-control of Japanese HR software provider Works Human Intelligence (WHI) to GIC in a deal ranked among the Singapore sovereign investor’s largest acquisitions.
India fashion supply chain player Fashinza raises $30m
Indian fashion industry supply chain platform Fashinza has raised USD 30m from Liquidity Group, an Israel and US-based financial technology company and debt investor.
BPEA EQT seeks financing for Vistra, Tricor merger
BPEA EQT is pushing ahead with the merger of Asia-headquartered corporate services providers Vistra Group and Tricor Group, having initiated discussions on pricing a USD 1.66bn financing package.
Deal focus: Glimmer in a dormant Pakistani ecosystem
Pakistan’s Trukkr quietly spent a hardscrabble pre-seed period building infrastructure while competitors leveraged a short-lived VC boom to grow quickly. The patience appears set to pay off
Macquarie leads $99m round for Australia IT provider Orro
Macquarie Capital has led a AUD 150m (USD 99m) investment in Orro Group, an Australian enterprise IT services provider set up by local private equity firms Liverpool Partners and Parc Capital.
US, UK VCs invest Pakistan logistics start-up Trukkr
US-based Accion Venture Lab and Sturgeon Capital of the UK have led a USD 6.4m seed round for Pakistan’s Trukkr, a financial technology provider for the trucking industry.
TPG targets $1.2b Australia funeral services take-private
TPG Capital has submitted a buyout offer for Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria, that values the company at approximately AUD 1.8bn (USD 1.2bn).
NIC buys Japan dental consultancy, Jafco exits
Japanese private equity firm Nippon Investment Corporation (NIC) has acquired 100% of local dental industry services provider Medical Support Consulting, facilitating an exit for Jafco.
KKR exits Malaysia's Weststar Aviation after 10-year hold
KKR has exited Weststar Aviation Services (WAS), which primarily provides helicopter transportation services to the offshore oil and gas industry, after a holding period of nearly 10 years.
EQT buys Korean security services provider
EQT has agreed to acquire a majority stake in Korea-based security monitoring business SK Shieldus from an affiliate of SK Group and Macquarie Asset Management, through an investment under its core-plus infrastructure strategy.
AVCJ Awards 2022: Deal of the Year – Mid Cap: Honour Line Shipping
Nexus Point Capital secured the acquisition of Honour Line Shipping despite higher offers from rival bidders because it did its homework on the industry and established good relations with the founders
Advent backs China pest control company
Advent international has invested an undisclosed sum in China’s LBS Group, a regionally active pest control and hygiene company.
AVCJ Awards 2022: Exit of the Year – Mid Cap: Probe CX
Five V Capital identified an opportunity in Australia-based outsourced business services and brought in Quadrant Private Equity to help scale the concept. A USD 792m exit to KKR was their reward
India's Rezolve.ai secures $11m Series A
SIG Venture Capital has led a USD 11m Series A round for Rezolve.ai, a US and India-based start-up that applies conversational artificial intelligence (AI) to human resources services.
Bessemer, SIG lead Series B for India's Entropik
Bessemer Venture Partners and SIG Venture Capital have led a USD 25m Series B round for Indian marketing research platform Entropik.
Advantage exits Japan dental supplier to local strategic
Japan’s Advantage Partners has agreed to sell Dental Holding, a local dental industry equipment distribution company, to Askul, an office equipment supplier, after a 2.5-year hold.
Deal focus: EdenFarm rethinks Indonesian agriculture
EdenFarm is tackling Indonesia’s fragmented agribusiness space with a B2B fresh produce marketplace that not only helps distribute crops, but helps them grow in the first place
Deal focus: Serving the sole trader
Accounting software provider Hnry has built up a following among freelancers and self-employed tradespeople in New Zealand and Australia. A USD 25m Series B will help it look further afield
Singapore accelerator targets packaging industry
Enterprise Singapore (EnterpriseSG) and US packaging giant Avery Dennison are bankrolling a start-up accelerator that will explore everything from new boxing materials to tech-enabled tags.
MBK buys Japan aged care business
MBK Partners has acquired Unimat Retirement Community (URC), a Japan-based company that primarily provides in-home and residential nursing care services.
Airtree leads $25m round for New Zealand's Hnry
Australia’s Airtree Ventures has led a NZD 35m (USD 25mm) Series B round for New Zealand small business financial technology provider Hnry.
TMI Ventures leads $13.5m round for Indonesia's EdenFarm
Indonesian agriculture technology start-up EdenFarm has raised a USD 13.5m round led by TMI Ventures, the investment arm of local wireless network operator Telkomsel.