China
FountainVest pursues $5.3b European sports acquisition
A consortium including FountainVest Partners and Chinese athletics supplier Anta Sports have made a preliminary offer to acquire Finland-based Amer Sports for about EUR4.6 billion ($5.3 billion).
Deal focus: Miss Fresh showcases future of e-commerce
With $450 million in new funding, Chinese online grocer Miss Fresh plans to build out its supply chain operation and underline its credentials as a new-generation e-commerce player
Centurium invests $100m in Chinese eyewear brand
Centurium Capital has committed $100 million in Series C funding to Loho, a Chinese eyeglasses brand that pursues an online-to-offline (O2O) business model.
GLP, GIC to establish $2b China logistics fund
GLP, a private equity-owned warehouse operator based in Singapore, has teamed up with GIC Private to establish a $2 billion logistics fund focused on China.
Carlyle invests in Chinese pharma industry supplier
The Carlyle Group has paid an undisclosed sum for a significant minority stake in Ambio, a US-based pharmaceuticals company with substantial operations in China.
China's Lianlian Payment raises $146m from Sequoia, Boyu
China’s Lianlian Digital, the parent company of payment services provider Lianlian Pay, has raised RMB1 billion ($146 million) from Sequoia Capital China and Boyu Capital in its latest funding round.
Deal focus: Oceanpine sees value amidst traffic
Shansong has received $60 million in an initial tranche of Series D funding as it seeks to outgrow the competition in China's courier services market
Tencent, Goldman join $450m round for China’s Miss Fresh
Miss Fresh, a Chinese e-commerce platform specializing in fresh produce, has raised a $450 million round co-led by Tencent Holdings, Goldman Sachs, Jeneration Capital, and US-based Davis Selected Advisers.
Meituan-Dianping targets $4.4b IPO, promises domestic focus
Meituan-Dianping, China’s leading online-to-offline (O2O) lifestyle services platform, is looking to raise up to HK$34.6 billion ($4.4 billion) in its Hong Kong IPO, while emphasizing that it will focus on its core domestic business rather than pushing...
PAG terminates Home Credit investment
PAG Asia Capital has ended its partnership with Home Credit, which was agreed last year and intended to help the Czech Republic-based consumer loans company expand in China.
SPACs: Beneficiaries of the bull run
Special purpose acquisition companies, or SPACs, are staging a modest comeback in Asia on the back of a resurgence in the US. These structures offer considerable upside, but they aren’t for everyone
I Squared raises $7b for global infrastructure fund
I Squared Capital, an infrastructure-focused private equity firm, has closed its second global fund at the hard cap of $7 billion.
Baidu Video secures $100m Series B round
Baidu Video, a Chinese video search and content aggregation platform, has raised $100 million in Series B funding led by Baidu with participation from Jadex Capital, Houze Ruyi and Gfund Management.
Sequoia, CMC fund invests in China's iQiyi Sports
China Sports Capital – a joint venture between Sequoia Capital China and CMC Capital Partners – has invested RMB300 million ($43.8 million) in iQiyi Sports, an online sports media platform.
Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
LP interview: Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank has moved fast to forge a name for itself as a champion of often ignored developing markets. As private sector activity ramps up, long-term plans are coming into focus
Orchid, TPG-backed Duiba files for Hong Kong IPO
Duiba, a Chinese enterprise services company in which Orchid Asia and TPG Capital recently invested $110 million, has filed for a Hong Kong listing.
Orchid leads $70m Series E for China's SoYoung
SoYoung, a Chinese online marketplace focusing on cosmetic surgery, has raised $70 million in Series E funding led by Orchid Asia. There was additional participation from Matrix Partners China, BOC International, and the Russia-China Investment Fund (RCIF).
China's Jianke raises $130m Series B
Chinese online pharmacy operator Jianke has closed a $130 million Series B funding round led by healthcare-focused GTJA Investment Group.
Venture debt: The loan rangers
Venture debt providers are confident that the asset class is set for growth in Asia, though momentum is slow in most markets. Lenders must adapt their strategies to meet local needs if they are to be successful
L Catterton-owned menswear brand targets HK listing
China-based fashion menswear retailer GXG, in which consumer-focused GP L Catterton Asia and Crescent Point hold a controlling stake, has filed for an IPO in Hong Kong.
China car trading platform Souche raises $576m
Primavera Capital Group and Morningside Venture Capital have led a $576 million round of funding for Souche, a Chinese online trading platform for new and used cars.
Qiming, Hillhouse back China's Jacobio Pharma
Chinese drug maker Jacobio has secured a $55 million Series C funding round led by Qiming Venture Partners and Hillhouse Capital, with participation from Prudence Investment Management.
China language learning app Liulishuo files for US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, has filed to list in the US.