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Deal focus: ADV’s Asia hygiene platform play
ISS Environmental Services is well-positioned as Hong Kong’s preferred provider of portable toilets. But ADV Partners has acquired the business with a view to executing a regional roll-up strategy
Baring Asia completes $386m recap of CitiusTech
Baring Private Equity Asia (BPEA) has completed a USD 385.9m dividend recap and refinancing of loans tied to its 2019 acquisition of India-based healthcare IT services business CitiusTech.
A91, Z3Partners lead Series B for India's Shipsy
A91 Partners and Z3 Partners have led a USD 25m Series B round for India-based Shipsy, an artificial intelligence (AI) platform that helps companies automate logistics.
Apis doubles down on Asia rewards, incentives space
Apis Partners has backed India-based rewards and incentives start-up Xoxoday through a USD 30m joint investment with Giift, one of its portfolio companies.
Deal focus: Sobot’s journey from underdog to top dog
A USD 100m Series D confirmed Sobot’s status as a stalwart of China’s customer service software space, but getting there has not been a straightforward process
Deal focus: Freight player G7 eyes public listing
Having expanded its business scope from hardware into software and financial services, G7 Network is positioning its recent USD 200m PE investment as a pre-IPO round
Blue Owl recruits Pak-Seng Lai from UBS
Blue Owl Capital, a US alternatives manager expanding its Hong Kong operations, has hired Pak-Seng Lai, a managing director at UBS, to head its Asia Pacific private wealth business.
AVCJ Awards 2021: Exit of the Year – Mid Cap: Infogain
ChrysCapital has realized its largest-ever exit from a single-fund investment with IT services provider Infogain. In the process, it opened one of private equity’s richest cross-border opportunity sets
India logistics player Xpressbees raises $300m
The Blackstone Group, TPG Capital, and ChrysCapital Partners have participated in a USD 300m round for Xpressbees, an Indian logistics start-up established by the team behind mother-and-baby retailer FirstCry.
India B2B e-commerce player ElasticRun hits $1.5b valuation
Unicorn creation continues apace in India, with B2B e-commerce marketplace ElasticRun becoming the seventh company to achieve a USD 1bn since the start of the year, following the close of a USD 300m Series E round.
India virtual events platform gets $35m Series B
Airmeet, a US-headquartered and Asia-focused virtual events platform with extensive operations in India, has raised USD 35m in Series B funding featuring Sequoia Capital India.
India BNPL start-up Mintifi raises $40m Series C
Norwest Venture Partners and Elevation Capital have led a USD 40m Series C round for Indian B2B buy now, pay later (BNPL) platform Mintifi.
India's Kedaara creates digital services platform
India’s Kedaara Capital is forming an outsourced digital services platform through the merger of Gavs Technologies and Great Software Laboratory (GS Lab), having acquired majority interests in the two companies over the past three months.
India edtech player Scaler raises $55m
Lightrock India has led a USD 55m Series B round for Scaler Academy, an Indian education technology start-up that operates an upskilling platform focused on IT professionals.
India's Moglix raises $250m at $2.6b valuation
Tiger Global Management and Alpha Wave Global have led a USD 250m Series F round for India’s Moglix. It more than doubles the industrial B2B start-up’s valuation in the past eight months to USD 2.6bn.
Singapore's Fireblocks closes Series E, hits $8b valuation
Fireblocks, a US and Singapore-based blockchain services provider that aims to “help every business become a crypto business,” has raised a USD 550m Series E round at a valuation of USD 8bn.
Indonesia fishery app Aruna extends Series A to $65m
Indonesian fishing industry app Aruna has raised USD 30m led by Vertex Ventures Southeast Asia & India. It is described as an extension of a Series A round launched in mid-2020.
GIC backs $525m Korea data centre program
Singapore’s GIC has teamed up with digital infrastructure company Equinix with a view to investing USD 525m in the development of two data centres in Korea.
Potentia joins round for Australia construction tender platform
Australia’s Potentia Capital has joined a AUD 35m (USD 25m) round for local construction tender and procurement platform EstimateOne.
KKR commits $45m to Philippines B2B e-commerce player
KKR has invested USD 45m in GrowSari, a Philippines-based company that helps micro, small, and medium-sized enterprises (MSMEs) take their retail operations online.
WestBridge leads $29m Series B for India's Vyapar
WestBridge Capital has led an approximately USD 29m Series B round for Indian small business financial technology provider Vyapar. The company is now valued at around USD 118m.
EQT exits Hong Kong ESG business Elevate
EQT has sold Elevate, a Hong Kong-based environment, social, and governance (ESG) and supply chain services provider it has backed since 2016, to LRQA, a larger peer in the assurance space.
Indonesia e-commerce SaaS player gets $80m Series C
Lummo, an Indonesian e-commerce software-as-a-service (SaaS) provider for small businesses, has raised USD 80m in Series C funding led by Tiger Global Management and Sequoia Capital India.
WestBridge, GSV lead $100m Series E for India's Lead School
WestBridge Capital and GSV Ventures have led a USD 100m Series E round for Indian education technology platform Lead School at a valuation of USD 1.1bn.