Home - AVCJ https://www.avcj.com Home Asian GPs slow implementation of ESG policies - survey Tim Burroughs <img alt="Asian GPs slow implementation of ESG policies - survey" src="https://www.avcj.com/IMG/596/28596/world-hands-globe-climate-esg-320x198.jpeg" /> <p>Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a survey by Morrison Foerster.</p> https://www.avcj.com/IMG/596/28596/world-hands-globe-climate-esg-185x114.jpeg https://www.avcj.com/avcj/news/3030191/asian-gps-slow-implementation-of-esg-policies-survey https://www.avcj.com/avcj/news/3030191/asian-gps-slow-implementation-of-esg-policies-survey https://www.avcj.com/avcj/news/3030191/asian-gps-slow-implementation-of-esg-policies-survey Fri, 10 Nov 2023 12:30:00 +0800 Singapore fintech start-up LXA gets $10m seed round Justin Niessner <img alt="Singapore fintech start-up LXA gets $10m seed round" src="https://www.avcj.com/IMG/287/29287/housing-house-home-mortgage-320x198.jpeg" /> <p>New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group. </p> https://www.avcj.com/IMG/287/29287/housing-house-home-mortgage-185x114.jpeg https://www.avcj.com/avcj/news/3030188/singapore-fintech-start-up-lxa-gets-usd10m-seed-round https://www.avcj.com/avcj/news/3030188/singapore-fintech-start-up-lxa-gets-usd10m-seed-round https://www.avcj.com/avcj/news/3030188/singapore-fintech-start-up-lxa-gets-usd10m-seed-round Fri, 10 Nov 2023 12:12:59 +0800 India's InCred announces $60m round, claims unicorn status Justin Niessner <img alt="India's InCred announces $60m round, claims unicorn status" src="https://www.avcj.com/IMG/619/28619/india-rupee-money-nbfc-320x198.jpeg" /> <p>Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”</p> https://www.avcj.com/IMG/619/28619/india-rupee-money-nbfc-185x114.jpeg https://www.avcj.com/avcj/news/3030189/indias-incred-announces-usd60m-round-claims-unicorn-status https://www.avcj.com/avcj/news/3030189/indias-incred-announces-usd60m-round-claims-unicorn-status https://www.avcj.com/avcj/news/3030189/indias-incred-announces-usd60m-round-claims-unicorn-status Fri, 10 Nov 2023 12:08:04 +0800 Insight leads $50m round for Australia's Roller Justin Niessner <img alt="Insight leads $50m round for Australia's Roller" src="https://www.avcj.com/IMG/288/29288/roller-mark-luke-finn-320x198.jpeg" /> <p>Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks. </p> https://www.avcj.com/IMG/288/29288/roller-mark-luke-finn-185x114.jpeg https://www.avcj.com/avcj/news/3030190/insight-leads-usd50m-round-for-australias-roller https://www.avcj.com/avcj/news/3030190/insight-leads-usd50m-round-for-australias-roller https://www.avcj.com/avcj/news/3030190/insight-leads-usd50m-round-for-australias-roller Fri, 10 Nov 2023 12:07:10 +0800 Lower valuations, less leverage could drive China PE returns - HKMA Forum Tim Burroughs <img alt="Lower valuations, less leverage could drive China PE returns - HKMA Forum" src="https://www.avcj.com/IMG/286/29286/hkma-yichen-zhang-320x198.jpeg" /> <p>China private equity could deliver some strong vintages relative to other markets given falling valuations, a deepening pool of management talent, and a historical emphasis on driving returns through growth rather than leverage, industry participants told the Global Financial Leaders' Investment Summit in Hong Kong.</p> https://www.avcj.com/IMG/286/29286/hkma-yichen-zhang-185x114.jpeg https://www.avcj.com/avcj/news/3030187/lower-valuations-less-leverage-could-drive-china-pe-returns-hkma-forum https://www.avcj.com/avcj/news/3030187/lower-valuations-less-leverage-could-drive-china-pe-returns-hkma-forum https://www.avcj.com/avcj/news/3030187/lower-valuations-less-leverage-could-drive-china-pe-returns-hkma-forum Thu, 09 Nov 2023 12:52:00 +0800 Japan's LayerX extends Series A to $67.5m Justin Niessner <img alt="Japan's LayerX extends Series A to $67.5m" src="https://www.avcj.com/IMG/888/28888/layerx-320x198.jpeg" /> <p>Japanese enterprise billing and invoicing software provider LayerX has raised JPY 2bn (USD 13.2m) from Hong Kong’s Keyrock Capital Management, lifting its Series A round to around USD 67.5m</p> https://www.avcj.com/IMG/888/28888/layerx-185x114.jpeg https://www.avcj.com/avcj/news/3030186/japans-layerx-extends-series-a-to-usd675m https://www.avcj.com/avcj/news/3030186/japans-layerx-extends-series-a-to-usd675m https://www.avcj.com/avcj/news/3030186/japans-layerx-extends-series-a-to-usd675m Thu, 09 Nov 2023 12:44:34 +0800 Integral makes partial exit from Japan’s Skymark Justin Niessner <img alt="Integral makes partial exit from Japan’s Skymark" src="https://www.avcj.com/IMG/252/25252/integral-office-320x198.jpeg" /> <p>Japanese private equity firm Integral Corporation has sold most of its remaining position in Skymark Airlines, the budget air carrier it took public in December last year. </p> https://www.avcj.com/IMG/252/25252/integral-office-185x114.jpeg https://www.avcj.com/avcj/news/3030185/integral-makes-partial-exit-from-japan-s-skymark https://www.avcj.com/avcj/news/3030185/integral-makes-partial-exit-from-japan-s-skymark https://www.avcj.com/avcj/news/3030185/integral-makes-partial-exit-from-japan-s-skymark Thu, 09 Nov 2023 12:44:00 +0800 Beauty brand Mamaearth raises $204m in India IPO Justin Niessner <img alt="Beauty brand Mamaearth raises $204m in India IPO" src="https://www.avcj.com/IMG/510/27510/india-baby-320x198.jpeg" /> <p>India’s Honasa Consumer, the private equity-backed parent of mother-and-baby brand Mamaearth, raised about USD 204m in a domestic IPO, facilitating several partial exits. </p> https://www.avcj.com/IMG/510/27510/india-baby-185x114.jpeg https://www.avcj.com/avcj/news/3030184/beauty-brand-mamaearth-raises-usd204m-in-india-ipo https://www.avcj.com/avcj/news/3030184/beauty-brand-mamaearth-raises-usd204m-in-india-ipo https://www.avcj.com/avcj/news/3030184/beauty-brand-mamaearth-raises-usd204m-in-india-ipo Thu, 09 Nov 2023 12:41:49 +0800 Weekly digest - November 08 2023 AVCJ <img alt="Weekly digest - November 08 2023" src="https://www.avcj.com/IMG/285/29285/avcj-231108cvr-72-320x198.jpeg" /> <p></p> https://www.avcj.com/IMG/285/29285/avcj-231108cvr-72-185x114.jpeg https://www.avcj.com/avcj/digital-edition/3030183/weekly-digest-november-08-2023 https://www.avcj.com/avcj/digital-edition/3030183/weekly-digest-november-08-2023 https://www.avcj.com/avcj/digital-edition/3030183/weekly-digest-november-08-2023 Wed, 08 Nov 2023 16:42:57 +0800 Norwest backs India hospital, HealthQuad marks 3x exit Justin Niessner <img alt="Norwest backs India hospital, HealthQuad marks 3x exit" src="https://www.avcj.com/IMG/006/24006/doctor-stethoscope-320x198.jpeg" /> <p>Norwest Venture Partners has invested INR 4.5bn (USD 54m) in Indian hospital operator Regency Healthcare, facilitating an exit for HealthQuad, which generated a 3x return. </p> https://www.avcj.com/IMG/006/24006/doctor-stethoscope-185x114.jpeg https://www.avcj.com/avcj/news/3030181/norwest-backs-india-hospital-healthquad-marks-3x-exit https://www.avcj.com/avcj/news/3030181/norwest-backs-india-hospital-healthquad-marks-3x-exit https://www.avcj.com/avcj/news/3030181/norwest-backs-india-hospital-healthquad-marks-3x-exit Wed, 08 Nov 2023 13:36:05 +0800 Letter from the editor: AVCJ is moving to Mergermarket Tim Burroughs <img alt="Letter from the editor: AVCJ is moving to Mergermarket" src="https://www.avcj.com/IMG/284/29284/mergermarket-logo-web-580x358-320x198.jpeg" /> <p>Tim Burroughs, managing editor of AVCJ, outlines the next steps for the product and its subscribers as we migrate our content and enhance our offering via the next-generation Mergermarket platform</p> https://www.avcj.com/IMG/284/29284/mergermarket-logo-web-580x358-185x114.jpeg https://www.avcj.com/avcj/news/3030182/letter-from-the-editor-avcj-is-moving-to-mergermarket https://www.avcj.com/avcj/news/3030182/letter-from-the-editor-avcj-is-moving-to-mergermarket https://www.avcj.com/avcj/news/3030182/letter-from-the-editor-avcj-is-moving-to-mergermarket Wed, 08 Nov 2023 13:35:00 +0800 OTPP invests $80m in India's Xpressbees Justin Niessner <img alt="OTPP invests $80m in India's Xpressbees" src="https://www.avcj.com/IMG/766/26766/xpressbees-320x198.jpeg" /> <p>Teachers’ Venture Growth (TVG), the late-stage growth investment arm of Ontario Teachers' Pension Plan (OTPP), has invested USD 80m in Indian logistics start-up Xpressbees.</p> https://www.avcj.com/IMG/766/26766/xpressbees-185x114.jpeg https://www.avcj.com/avcj/news/3030180/otpp-invests-usd80m-in-indias-xpressbees https://www.avcj.com/avcj/news/3030180/otpp-invests-usd80m-in-indias-xpressbees https://www.avcj.com/avcj/news/3030180/otpp-invests-usd80m-in-indias-xpressbees Wed, 08 Nov 2023 12:42:38 +0800 Alta Capital commits $200m to India's Cappella Educore Justin Niessner <img alt="Alta Capital commits $200m to India's Cappella Educore" src="https://www.avcj.com/IMG/125/26125/pencil-eraser-school-education-320x198.jpeg" /> <p>India’s Alta Capital, a real assets and early-stage property tech investor, has committed USD 200m to an expansion effort by Cappella Educore, a chain of K-12 schools and student housing. </p> https://www.avcj.com/IMG/125/26125/pencil-eraser-school-education-185x114.jpeg https://www.avcj.com/avcj/news/3030179/alta-capital-commits-usd200m-to-indias-cappella-educore https://www.avcj.com/avcj/news/3030179/alta-capital-commits-usd200m-to-indias-cappella-educore https://www.avcj.com/avcj/news/3030179/alta-capital-commits-usd200m-to-indias-cappella-educore Wed, 08 Nov 2023 12:37:24 +0800 Deal focus: Riverside flourishes in Australia Justin Niessner <img alt="Deal focus: Riverside flourishes in Australia " src="https://www.avcj.com/IMG/280/29280/simon-feiglin-riverside-320x198.jpeg" /> <p>The Riverside Company has notched a sizeable exit with the sale of Australia’s Energy Exemplar as the GP expands its local team and launches its fourth Australia fund</p> https://www.avcj.com/IMG/280/29280/simon-feiglin-riverside-185x114.jpeg https://www.avcj.com/avcj/official-record/3030178/deal-focus-riverside-flourishes-in-australia https://www.avcj.com/avcj/official-record/3030178/deal-focus-riverside-flourishes-in-australia https://www.avcj.com/avcj/official-record/3030178/deal-focus-riverside-flourishes-in-australia Wed, 08 Nov 2023 10:50:00 +0800 Deal focus: True North to end 13-year journey with Fincare Tim Burroughs <img alt="Deal focus: True North to end 13-year journey with Fincare" src="https://www.avcj.com/IMG/262/29262/india-bank-credit-ecommerce-320x198.jpeg" /> <p>Indian private equity firm True North took advantage of regulatory reforms to convert Fincare SFB from a non-bank into a bank. A merger with listed peer AU SFB will finally deliver an exit</p> https://www.avcj.com/IMG/262/29262/india-bank-credit-ecommerce-185x114.jpeg https://www.avcj.com/avcj/official-record/3030177/deal-focus-true-north-set-to-end-12-year-journey-with-fincare https://www.avcj.com/avcj/official-record/3030177/deal-focus-true-north-set-to-end-12-year-journey-with-fincare https://www.avcj.com/avcj/official-record/3030177/deal-focus-true-north-set-to-end-12-year-journey-with-fincare Wed, 08 Nov 2023 10:20:00 +0800 Energy transition: Getting comfortable Justin Niessner <img alt="Energy transition: Getting comfortable " src="https://www.avcj.com/IMG/278/29278/power-grid-electricity-energy-320x198.jpeg" /> <p>Private equity investors are leaning into energy transition with new funds, strategies, and attitudes about risk as more emerging categories go mainstream. Regulation remains the perennial spoiler</p> https://www.avcj.com/IMG/278/29278/power-grid-electricity-energy-185x114.jpeg https://www.avcj.com/avcj/analysis/3030176/energy-transition-getting-comfortable https://www.avcj.com/avcj/analysis/3030176/energy-transition-getting-comfortable https://www.avcj.com/avcj/analysis/3030176/energy-transition-getting-comfortable Wed, 08 Nov 2023 10:08:00 +0800 Q&A: Mubadala’s Luca Molinari Tim Burroughs <img alt="Q&amp;A: Mubadala’s Luca Molinari" src="https://www.avcj.com/IMG/283/29283/luca-molinari-mubadala-320x198.jpeg" /> <p>An Abu Dhabi-headquartered sovereign investor Mubadala has a USD 276bn portfolio with interests across six continents. Luca Molinari, who leads Asia direct investments, outlines the regional strategy</p> https://www.avcj.com/IMG/283/29283/luca-molinari-mubadala-185x114.jpeg https://www.avcj.com/avcj/interview/3030175/q-a-mubadala-s-luca-molinari https://www.avcj.com/avcj/interview/3030175/q-a-mubadala-s-luca-molinari https://www.avcj.com/avcj/interview/3030175/q-a-mubadala-s-luca-molinari Wed, 08 Nov 2023 09:30:04 +0800 Q&A: BPEA EQT’s Jean Eric Salata Tim Burroughs <img alt="Q&amp;A: BPEA EQT’s Jean Eric Salata" src="https://www.avcj.com/IMG/789/23789/jean-eric-salata-baring-2019-320x198.jpeg" /> <p>Jean Eric Salata, head of BPEA EQT and chair of EQT Asia, on the benefits of diversification, why Asia’s limited reliance on leverage could lead to better relative performance, and being creative with liquidity</p> https://www.avcj.com/IMG/789/23789/jean-eric-salata-baring-2019-185x114.jpeg https://www.avcj.com/avcj/interview/3030174/q-a-bpea-eqt-s-jean-eric-salata https://www.avcj.com/avcj/interview/3030174/q-a-bpea-eqt-s-jean-eric-salata https://www.avcj.com/avcj/interview/3030174/q-a-bpea-eqt-s-jean-eric-salata Wed, 08 Nov 2023 09:13:44 +0800 Asia’s LP landscape: North to south Tim Burroughs <img alt="Asia’s LP landscape: North to south" src="https://www.avcj.com/IMG/279/29279/airport-travel-320x198.jpeg" /> <p>Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity</p> https://www.avcj.com/IMG/279/29279/airport-travel-185x114.jpeg https://www.avcj.com/avcj/analysis/3030173/asia-s-lp-landscape-north-to-south https://www.avcj.com/avcj/analysis/3030173/asia-s-lp-landscape-north-to-south https://www.avcj.com/avcj/analysis/3030173/asia-s-lp-landscape-north-to-south Wed, 08 Nov 2023 09:09:53 +0800 Asia GPs fear LP portfolio concentration - survey Tim Burroughs <img alt="Asia GPs fear LP portfolio concentration - survey" src="https://www.avcj.com/IMG/384/26384/direction-money-dollar-choice-arrow-320x198.jpeg" /> <p>Large LPs concentrating their GP relationships is comfortably the biggest fundraising challenge facing private equity firms in Asia Pacific, according to a survey featured in the latest edition of Dechert’s global private equity report.</p> https://www.avcj.com/IMG/384/26384/direction-money-dollar-choice-arrow-185x114.jpeg https://www.avcj.com/avcj/news/3030172/asia-gps-fear-lp-portfolio-concentration-survey https://www.avcj.com/avcj/news/3030172/asia-gps-fear-lp-portfolio-concentration-survey https://www.avcj.com/avcj/news/3030172/asia-gps-fear-lp-portfolio-concentration-survey Tue, 07 Nov 2023 13:17:57 +0800 India's Euler Motors gets $14m Series C extension Justin Niessner <img alt="India's Euler Motors gets $14m Series C extension" src="https://www.avcj.com/IMG/670/27670/euler-motor-320x198.jpeg" /> <p>India’s Euler Motors, a logistics-focused electric three-wheeler maker, has lifted its Series C round to about USD 83m with a USD 14m tranche featuring cleantech investor Green Frontier Capital. </p> https://www.avcj.com/IMG/670/27670/euler-motor-185x114.jpeg https://www.avcj.com/avcj/news/3030170/indias-euler-motors-gets-usd14m-series-c-extension https://www.avcj.com/avcj/news/3030170/indias-euler-motors-gets-usd14m-series-c-extension https://www.avcj.com/avcj/news/3030170/indias-euler-motors-gets-usd14m-series-c-extension Tue, 07 Nov 2023 13:12:03 +0800 Australia's Anchorage closes Fund IV on $327m Justin Niessner <img alt="Australia's Anchorage closes Fund IV on $327m" src="https://www.avcj.com/IMG/159/28159/australia-dollar-notes-2-320x198.jpeg" /> <p>Australian turnaround investor Anchorage Capital Partners has closed its fourth fund with AUD 505m (USD 327m) in commitments. </p> https://www.avcj.com/IMG/159/28159/australia-dollar-notes-2-185x114.jpeg https://www.avcj.com/avcj/news/3030169/australias-anchorage-closes-fund-iv-on-usd327m https://www.avcj.com/avcj/news/3030169/australias-anchorage-closes-fund-iv-on-usd327m https://www.avcj.com/avcj/news/3030169/australias-anchorage-closes-fund-iv-on-usd327m Tue, 07 Nov 2023 13:10:54 +0800 Ascendent bids $1.6b for China's Hollysys Automation Tim Burroughs <img alt="Ascendent bids $1.6b for China's Hollysys Automation" src="https://www.avcj.com/IMG/277/29277/gas-refining-plant-320x198.jpeg" /> <p>Ascendent Capital Partners has joined the battle for Hollysys Automation, a US-listed Chinese provider of industrial automation and rail transportation solutions, by submitting a bid that values the business at USD 1.6bn.</p> https://www.avcj.com/IMG/277/29277/gas-refining-plant-185x114.jpeg https://www.avcj.com/avcj/news/3030171/ascendent-bids-usd16b-for-chinas-hollysys-automation https://www.avcj.com/avcj/news/3030171/ascendent-bids-usd16b-for-chinas-hollysys-automation https://www.avcj.com/avcj/news/3030171/ascendent-bids-usd16b-for-chinas-hollysys-automation Tue, 07 Nov 2023 11:58:40 +0800 Sinovation-developed LLM platform hits $1b valuation Tim Burroughs <img alt="Sinovation-developed LLM platform hits $1b valuation" src="https://www.avcj.com/IMG/275/29275/large-language-model-artificial-intelligence-data-unstructured-320x198.jpeg" /> <p>01.AI, a large language model (LLM) launched less than eight months ago by Chinese venture capital firm Sinovation Ventures, has achieved a USD 1bn-plus valuation, according to Kai-Fu Lee, the firm’s founder.</p> https://www.avcj.com/IMG/275/29275/large-language-model-artificial-intelligence-data-unstructured-185x114.jpeg https://www.avcj.com/avcj/news/3030166/sinovation-developed-llm-platform-hits-usd1b-valuation https://www.avcj.com/avcj/news/3030166/sinovation-developed-llm-platform-hits-usd1b-valuation https://www.avcj.com/avcj/news/3030166/sinovation-developed-llm-platform-hits-usd1b-valuation Mon, 06 Nov 2023 12:54:14 +0800 PE-backed Guoquan Food raises $52.5m in Hong Kong IPO Tim Burroughs <img alt="PE-backed Guoquan Food raises $52.5m in Hong Kong IPO" src="https://www.avcj.com/IMG/914/25914/china-hotpot-320x198.jpeg" /> <p>Guoquan Food, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, is trading at a 8.8% premium to its IPO price following a HKD 411.4m (USD 52.5m) Hong Kong offering.</p> https://www.avcj.com/IMG/914/25914/china-hotpot-185x114.jpeg https://www.avcj.com/avcj/news/3030167/pe-backed-guoquan-food-raises-usd525m-in-hong-kong-ipo https://www.avcj.com/avcj/news/3030167/pe-backed-guoquan-food-raises-usd525m-in-hong-kong-ipo https://www.avcj.com/avcj/news/3030167/pe-backed-guoquan-food-raises-usd525m-in-hong-kong-ipo Mon, 06 Nov 2023 12:48:49 +0800 Five V backs Australia radioactive drug maker Justin Niessner <img alt="Five V backs Australia radioactive drug maker" src="https://www.avcj.com/IMG/518/28518/xray-diagnostic-image-radiology-06-320x198.jpeg" /> <p>Australia’s Five V Capital has confirmed an investment of undisclosed size in Cyclotek, a radioactive drug maker positioning itself as part of an industry transition toward personalized medicine.</p> https://www.avcj.com/IMG/518/28518/xray-diagnostic-image-radiology-06-185x114.jpeg https://www.avcj.com/avcj/news/3030168/five-v-backs-australia-radioactive-drug-maker https://www.avcj.com/avcj/news/3030168/five-v-backs-australia-radioactive-drug-maker https://www.avcj.com/avcj/news/3030168/five-v-backs-australia-radioactive-drug-maker Mon, 06 Nov 2023 12:45:26 +0800 Everstone exits India's Servion Global Solutions to EMK Capital Justin Niessner <img alt="Everstone exits India's Servion Global Solutions to EMK Capital" src="https://www.avcj.com/IMG/295/26295/software-developer-computer-code-2-320x198.jpeg" /> <p>Everstone Capital has sold Indian customer experience management provider Servion Global Solutions to UK private equity investor EMK Capital for an undisclosed sum. </p> https://www.avcj.com/IMG/295/26295/software-developer-computer-code-2-185x114.jpeg https://www.avcj.com/avcj/news/3030165/everstone-exits-indias-servion-global-solutions-to-emk-capital https://www.avcj.com/avcj/news/3030165/everstone-exits-indias-servion-global-solutions-to-emk-capital https://www.avcj.com/avcj/news/3030165/everstone-exits-indias-servion-global-solutions-to-emk-capital Mon, 06 Nov 2023 12:20:32 +0800 Kedaara targets up to $1.5b for fourth India fund Tim Burroughs <img alt="Kedaara targets up to $1.5b for fourth India fund" src="https://www.avcj.com/IMG/552/28552/india-map-globe-320x198.jpeg" /> <p>Kedaara Capital is looking to raise up to USD 1.5bn for its fourth India middle-market fund, having edged past the USD 1bn mark in the previous vintage.</p> https://www.avcj.com/IMG/552/28552/india-map-globe-185x114.jpeg https://www.avcj.com/avcj/news/3030164/kedaara-targets-up-to-usd15b-for-fourth-india-fund https://www.avcj.com/avcj/news/3030164/kedaara-targets-up-to-usd15b-for-fourth-india-fund https://www.avcj.com/avcj/news/3030164/kedaara-targets-up-to-usd15b-for-fourth-india-fund Fri, 03 Nov 2023 12:38:00 +0800 Japan's Sensyn Robotics raises $15m Justin Niessner <img alt="Japan's Sensyn Robotics raises $15m" src="https://www.avcj.com/IMG/274/29274/sensyn-320x198.jpeg" /> <p>Japan’s Sensyn Robotics, which develops drones for various industrial inspection applications, has raised JPY 2.25bn (USD 15m) in growth funding from several local banks and VC investors. </p> https://www.avcj.com/IMG/274/29274/sensyn-185x114.jpeg https://www.avcj.com/avcj/news/3030163/japans-sensyn-robotics-raises-usd15m https://www.avcj.com/avcj/news/3030163/japans-sensyn-robotics-raises-usd15m https://www.avcj.com/avcj/news/3030163/japans-sensyn-robotics-raises-usd15m Fri, 03 Nov 2023 12:25:28 +0800 Ares raises $2.4b for sixth Asia special situations fund Justin Niessner <img alt="Ares raises $2.4b for sixth Asia special situations fund" src="https://www.avcj.com/IMG/657/28657/dollar-money-bills-notes-stack-02-320x198.jpeg" /> <p>Ares Management has closed its sixth Asia special situation fund on USD 2.4bn, including a sidecar vehicle, citing strong economic trends in India and Australia.</p> https://www.avcj.com/IMG/657/28657/dollar-money-bills-notes-stack-02-185x114.jpeg https://www.avcj.com/avcj/news/3030162/ares-raises-usd24b-for-sixth-asia-special-situations-fund https://www.avcj.com/avcj/news/3030162/ares-raises-usd24b-for-sixth-asia-special-situations-fund https://www.avcj.com/avcj/news/3030162/ares-raises-usd24b-for-sixth-asia-special-situations-fund Fri, 03 Nov 2023 11:36:43 +0800 MassMutual Ventures leads Series A for India's Sugarfit Tim Burroughs <img alt="MassMutual Ventures leads Series A for India's Sugarfit" src="https://www.avcj.com/IMG/273/29273/diabetes-320x198.jpeg" /> <p>Sugarfit, an India-based health technology start-up that helps people manage type-two diabetes with a view to reversing the condition, has raised USD 11m in Series A funding.</p> https://www.avcj.com/IMG/273/29273/diabetes-185x114.jpeg https://www.avcj.com/avcj/news/3030161/massmutual-ventures-leads-series-a-for-indias-sugarfit https://www.avcj.com/avcj/news/3030161/massmutual-ventures-leads-series-a-for-indias-sugarfit https://www.avcj.com/avcj/news/3030161/massmutual-ventures-leads-series-a-for-indias-sugarfit Fri, 03 Nov 2023 11:25:00 +0800 Reed Smith hires Sidley Austin's Asia fund formation leader Staff Writer <img alt="Reed Smith hires Sidley Austin's Asia fund formation leader" src="https://www.avcj.com/IMG/558/25558/singapore-harbor-cityscape-night-320x198.jpeg" /> <p>Reed Smith has recruited Han Ming Ho, previously co-head of the Asia investment funds practice at Sidley Austin, as a partner in its global corporate group.</p> https://www.avcj.com/IMG/558/25558/singapore-harbor-cityscape-night-185x114.jpeg https://www.avcj.com/avcj/news/3030160/reed-smith-hires-sidley-austins-asia-fund-formation-leader https://www.avcj.com/avcj/news/3030160/reed-smith-hires-sidley-austins-asia-fund-formation-leader https://www.avcj.com/avcj/news/3030160/reed-smith-hires-sidley-austins-asia-fund-formation-leader Thu, 02 Nov 2023 12:53:51 +0800 Riverside builds out Australia team Justin Niessner <img alt="Riverside builds out Australia team" src="https://www.avcj.com/IMG/271/29271/riverside-xu-elsom-feiglin-pejnovic-320x198.jpeg" /> <p>The Riverside Company has added two principals to its Australia investment team as its assets under management (AUM) in the country cross the AUD 1.5bn (USD 965m).</p> https://www.avcj.com/IMG/271/29271/riverside-xu-elsom-feiglin-pejnovic-185x114.jpeg https://www.avcj.com/avcj/news/3030157/riverside-builds-out-australia-team https://www.avcj.com/avcj/news/3030157/riverside-builds-out-australia-team https://www.avcj.com/avcj/news/3030157/riverside-builds-out-australia-team Thu, 02 Nov 2023 12:51:59 +0800 Japanese digital alternatives platform gets pre-Series A Justin Niessner <img alt="Japanese digital alternatives platform gets pre-Series A" src="https://www.avcj.com/IMG/649/23649/fintech-2-320x198.jpeg" /> <p>Luca, a Japan-based fundraising platform that aims to give local high net worth investors access to alternatives, has received seed-stage funding from VC investors. </p> https://www.avcj.com/IMG/649/23649/fintech-2-185x114.jpeg https://www.avcj.com/avcj/news/3030158/japanese-digital-alternatives-platform-gets-pre-series-a https://www.avcj.com/avcj/news/3030158/japanese-digital-alternatives-platform-gets-pre-series-a https://www.avcj.com/avcj/news/3030158/japanese-digital-alternatives-platform-gets-pre-series-a Thu, 02 Nov 2023 12:45:24 +0800 T Capital exits Japan confectionery business Tim Burroughs <img alt="T Capital exits Japan confectionery business" src="https://www.avcj.com/IMG/272/29272/sweets-confectionery-candy-320x198.jpeg" /> <p>Japanese middle market private equity firm T Capital Partners has agreed to sell its majority stake in Confex Holdings, a wholesale confectionery products business, to Yamae Group Holdings for JPY 16.1bn (USD 107m). </p> https://www.avcj.com/IMG/272/29272/sweets-confectionery-candy-185x114.jpeg https://www.avcj.com/avcj/news/3030159/t-capital-exits-japan-confectionery-business https://www.avcj.com/avcj/news/3030159/t-capital-exits-japan-confectionery-business https://www.avcj.com/avcj/news/3030159/t-capital-exits-japan-confectionery-business Thu, 02 Nov 2023 12:26:07 +0800 Weekly digest - November 01 2023 AVCJ <img alt="Weekly digest - November 01 2023" src="https://www.avcj.com/IMG/270/29270/avcj-231101cvr-72-320x198.jpeg" /> <p></p> https://www.avcj.com/IMG/270/29270/avcj-231101cvr-72-185x114.jpeg https://www.avcj.com/avcj/digital-edition/3030156/weekly-digest-november-01-2023 https://www.avcj.com/avcj/digital-edition/3030156/weekly-digest-november-01-2023 https://www.avcj.com/avcj/digital-edition/3030156/weekly-digest-november-01-2023 Wed, 01 Nov 2023 14:33:00 +0800 Polaris leads $27m round for Singapore's Engine Biosciences Justin Niessner <img alt="Polaris leads $27m round for Singapore's Engine Biosciences" src="https://www.avcj.com/IMG/554/28554/biotech-lab-healthcare-pharma-02-320x198.jpeg" /> <p>US healthcare and life sciences growth investor Polaris Partners has led a USD 27m Series A round for Singapore-based cancer medicine developer Engine Biosciences. </p> https://www.avcj.com/IMG/554/28554/biotech-lab-healthcare-pharma-02-185x114.jpeg https://www.avcj.com/avcj/news/3030155/polaris-leads-usd27m-round-for-singapores-engine-biosciences https://www.avcj.com/avcj/news/3030155/polaris-leads-usd27m-round-for-singapores-engine-biosciences https://www.avcj.com/avcj/news/3030155/polaris-leads-usd27m-round-for-singapores-engine-biosciences Wed, 01 Nov 2023 13:27:25 +0800 Hahn acquires SKC's ceramics business for $267m Tim Burroughs <img alt="Hahn acquires SKC's ceramics business for $267m" src="https://www.avcj.com/IMG/649/24649/semiconductor-manufacturing-robotics-320x198.jpeg" /> <p>Korean private equity firm Hahn & Company is set for its sixth deal in five years involving local conglomerate SK Group, having agreed to carve out a fine ceramics business for KRW 360bn (USD 267m).</p> https://www.avcj.com/IMG/649/24649/semiconductor-manufacturing-robotics-185x114.jpeg https://www.avcj.com/avcj/news/3030154/hahn-acquires-skcs-ceramics-business-for-usd267m https://www.avcj.com/avcj/news/3030154/hahn-acquires-skcs-ceramics-business-for-usd267m https://www.avcj.com/avcj/news/3030154/hahn-acquires-skcs-ceramics-business-for-usd267m Wed, 01 Nov 2023 13:27:06 +0800 Blackstone, Vista buy Australia's Energy Exemplar, Riverside exits Justin Niessner <img alt="Blackstone, Vista buy Australia's Energy Exemplar, Riverside exits" src="https://www.avcj.com/IMG/587/28587/power-electricity-grid-02-320x198.jpeg" /> <p>The Blackstone Group and Vista Equity Partners have agreed to acquire Energy Exemplar, an Australia-based simulation software company, setting up a sizeable exit for The Riverside Company. </p> https://www.avcj.com/IMG/587/28587/power-electricity-grid-02-185x114.jpeg https://www.avcj.com/avcj/news/3030152/blackstone-visa-buy-australias-energy-exemplar-riverside-exits https://www.avcj.com/avcj/news/3030152/blackstone-visa-buy-australias-energy-exemplar-riverside-exits https://www.avcj.com/avcj/news/3030152/blackstone-visa-buy-australias-energy-exemplar-riverside-exits Wed, 01 Nov 2023 13:03:00 +0800 Japan's Integral agrees strategic exit for fertiliser maker Nitto FC Justin Niessner <img alt="Japan's Integral agrees strategic exit for fertiliser maker Nitto FC" src="https://www.avcj.com/IMG/059/26059/fertilizer-farm-agriculture-320x198.jpg" /> <p>Japanese GP Integral Corporation has agreed to sell fertiliser maker Nitto FC to Ichinen Holdings, a listed automotive supplier with interests in industrial chemicals, for an undisclosed sum. </p> https://www.avcj.com/IMG/059/26059/fertilizer-farm-agriculture-185x114.jpg https://www.avcj.com/avcj/news/3030153/japans-integral-agrees-strategic-exit-for-fertiliser-maker-nitto-fc https://www.avcj.com/avcj/news/3030153/japans-integral-agrees-strategic-exit-for-fertiliser-maker-nitto-fc https://www.avcj.com/avcj/news/3030153/japans-integral-agrees-strategic-exit-for-fertiliser-maker-nitto-fc Wed, 01 Nov 2023 12:59:31 +0800