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IMM commits $121m to Korea cloud business
IMM Investment is providing KRW 150bn (USD 121m) in Series A funding for Korean cloud computing business NHN Cloud at a valuation of KRW 1trn.
Indonesia fintech start-up iSeller gets $12m
Indonesia financial technology start-up iSeller, which helps businesses to digitise sales and operations, has raised USD 12m in Series B funding led by Intudo Ventures.
Aramco backs Japan drone start-up
Saudi Arabia’s Aramco, the world’s largest oil company, has invested USD 14m in Japanese drone maker Terra Drone on the back of a JPY 8bn (USD 62m) Series B round.
Bain exits India maritime logistics business to German strategic
Bain Capital has sold its stake in J.M. Baxi Ports & Logistics, an India-based provider of maritime logistics, to Germany-headquartered shipping and container transportation company Hapag-Lloyd for an undisclosed sum.
Reefknot leads Series A for Singapore logistics player Locad
Singapore-based logistics service provider Locad has raised USD 11m in Series A funding led by Reefknot Investments, which is supported by Temasek Holdings and supply chain giant Kuehne + Nagel.
Accel backs India home construction start-up
Accel and fellow US venture firm Celesta Capital have led a USD 10m round for India’s Brick&Bolt, a consumer-facing end-to-end home construction platform.
ChrysCapital acquires US-India IT player Xoriant for $350m
India’s ChrysCapital Partners has acquired Xoriant, a US-headquartered but primarily India-based software engineering and IT provider, for about USD 350m.
Australia's Potentia backs telecoms technology player
Australia’s Potentia Capital has paid AUD 66.3m (USD 44.9m) for a 25% stake in Soprano Design, a local mobile messaging technology provider that counts Telstra and AT&T as its carrier partners.
Advent acquires majority stake in India's Suven Pharma
Advent International has agreed to acquire a 50.1% stake in India-listed drug industry supplier Suven Pharmaceuticals for INR 63.1bn (USD 761.5m) with plans to acquire an additional 26%.
NSSK exits Japan nursing care provider to Ricoh Leasing
Japan-based mid-market private equity firm NSSK has exited nursing care provider Welfare Suzuran to Ricoh Leasing, a Tokyo-listed leasing and finance company, for an undisclosed sum.
New Zealand's Partly gets $21m Series A
New Zealand’s Partly, a company that uses big data to source replacement parts for the global automotive industry, has raised a NZD 37m (USD 21m) Series A round led by UK-based Octopus Ventures.
Korea's Bespin Global gets $100m Series D
Korea-headquartered cloud services company Bespin Global has raised a USD 100m Series D round led by a unit of Emirates Telecoms Group.
Square Peg, Wellington back Australia's Rokt at $2.4b valuation
Square Peg Capital and Wellington Management have led a AUD 750m (USD 501m) investment in Australian e-commerce marketing technology provider Rokt at a valuation of USD 2.4bn.
Deal focus: Ruiyun heats up China’s cold chain industry
Ruiyun Cold Chain will use its pre-Series A funding to continue industry consolidation efforts, build out full-truckload and less-than-truckload services, and develop a tech platform that does more than matchmake
KKR completes tender for Japan's Hitachi Transport Systems
KKR has completed its tender offer for Hitachi Transport Systems, having secured a 51.1% stake in the third-party logistics (3PL) provider at a valuation of JPY 749.5bn (USD 5.4bn).
Portfolio: Trustar Capital and Trustlink
Through Trustlink, Trustar Capital has successfully executed a buy-and-build strategy in China’s facility management space, using scale and standardisation to win contracts from multinationals
Norwest invests $32m in India's Celebal Technologies
Norwest Venture Partners has invested USD 32m in India’s Celebal Technologies, a software consulting and delivery company active in artificial intelligence, big data, and cloud.
Blackstone pursues $359m take-private of India's R Systems
The Blackstone Group has agreed to acquire a majority stake in India-based IT services provider R Systems International at a valuation of INR 29.04bn (USD 359m) and moved to delist the company.
KKR leads $48m Series C for Indonesia's Privy
KKR has led a USD 48m Series C round for Privy, an Indonesia-based company that specialises in technology for providing legally binding digital signatures.
KKR buys Next Digital Engineering from Rohatyn
KKR has agreed to buy Ness Digital Engineering, a US-based provider of digital transformation services that has a significant back-end service delivery presence in India, for an undisclosed sum.
US GP buys India’s Acqueon from Everstone
US-based Long Ridge Equity Partners has acquired a majority stake in Indian customer engagement software provider Acqueon from Everstone Capital for an undisclosed sum.
Pavilion backs Singapore influencer platform
Temasek Holdings-owned Pavilion Capital has joined a USD 7m round for Singapore’s Partipost, which claims to be Asia’s fastest-growing crowd influencer marketing and commerce platform.
Indonesia solar start-up raises $33m Series A
Indonesia’s Xurya, a solar power rental and installation start-up, has lifted its Series A round to USD 33m with new commitments from Mitsui & Co and local property conglomerate Surya Semesta Internusa.
Globis leads $22m Series C for Japan's Trend Express
Globis Capital Partners has led JPY 3.3bn (USD 22.1m) Series C round for Japan’s Trend Express, a cross-border marketing and data analysis platform focused on Japan-China tourism.