TPG Capital has acquired a 50% stake in Myanmar Distillery Company Group (MDC), the Southeast Asian country’s leading manufacturer and distributor of spirits, including top domestic whisky brand Grand Royal.
Thai Union Frozen Products’ $1.5 billion acquisition of Bumble Bee Seafoods from Lion Capital has been abandoned after the US Department of Justice informed the companies that it was concerned the deal would harm competition.
Singapore-based beauty services booking app Vanitee has closed its first round of funding at S$5 million ($3.6 million).
PropertyGuru, a Singapore-based online real estate portal backed by TPG Capital, Square Peg Capital and Emtek Group, has bought Indonesian property listings site RumahDijual for an undisclosed sum.
Navis Capital Partners is set for a 3.4x return on Thailand-based poultry producer Golden Foods Siam (GFS), having agreed to sell the company to BRF, a leading processor of chilled foods in Brazil, for $360 million.
Joyrun, a Chinese social networking app that targets recreational runners, has completed a $18 million Series B round of funding led by Arena Capital, a local sport-focused venture capital firm.
China baby products retailer Aiyingshi wants to develop its online presence and identify partners and acquisition targets in developed markets. Partners Group is going to help
Coconala, a Japanese skills marketplace formerly known as WelSelf, has raised JPY540 million ($4.4 million) in funding from Jafco, Nissay Capital, SMBC Venture Capital and Voyage Ventures.
Bain Capital has fully exited Hero Motocorp, India’s largest motorcycle and scooter manufacturer, selling its remaining stake for INR7.7 billion ($117 million).
Indian hyperlocal delivery service Grofers has raised $120 million in Series C funding led by SoftBank Corp.
The International Finance Corporation (IFC) has led a funding round for Indian textbook publisher S Chand, with participation by existing investor Everstone Capital.
Mitsui & Co. Global Investment, the VC arm of Japanese conglomerate Mitsui, has invested another INR3.4 billion ($52 million) in Indian TV shopping and e-commerce platform Naaptol.
China’s HNA Tourism Group has agreed to invest $500 million for a 24.1% stake in Tuniu, a US-listed Chinese online package tour provider that has several PE and VC investors.
Partners Group has acquired a minority stake in Aiyingshi, a China-based maternity and baby products retailer, with a view to helping the company secure acquisitions and licensing agreements overseas.
Venturra Capital, a Southeast Asia-focused VC fund sponsored by the Lippo Group, has led a $4 million Series A round for Malaysian local services marketplace Kaodim.
Ping An Ventures, a VC arm under Ping An Insurance, has led a Series D round worth $200 million for Mogujie.com, a Chinese social networking and shopping platform.
Lvyouquan.cn, a Chinese business-to-business (B2B) online travel platform, has raised RMB500 million ($78 million) in a Series B round of funding from a group of domestic investors.
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
China ZhongDi Dairy Holdings, a private equity-backed dairy farm operator that supplies raw milk to leading brands such as Mengniu Dairy and Yili Group, is targeting a Hong Kong IPO of up to HK$508.4 million ($65.6 million).
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.
Various PE firms have found success supporting Taiwan consumer brands in mainland China. But the food and beverage segment is an example of how picking the team, theme and time can make all the difference
KKR has made a fifth investment intended to leverage rising food quality and safety in China by taking a significant minority stake in Yuehai Feed Group, which primarily supplies shrimp farms, for about $90 million.
China consumer-focused GP Tiantu Capital has been approved to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board. It has raised a total of RMB2.68 billion ($420 million).