Growth capital
European investors commit $25m to Indian VC Aavishkaar
India-based impact investment firm Aavishkaar-Intellecap Group has raised $25 million from Triodos Investment Management and the Shell Foundation.
Abraaj acquires Pakistan wind power company
The Abraaj Group has agreed to buy a majority stake in Pakistani wind farm operator Jhimpir Power from energy sector investor Burj Capital.
Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
Pencarrow sells NZ beverage company to Dutch trade buyer
New Zealand’s Pencarrow Private Equity has sold 100% of domestic tea and coffee company BrewGroup to Jacobs Douwe Egberts (JDE), a Netherlands-based beverages group active in more than 100 countries.
Pakistan PE: Maturing morale
Private equity and venture capital investment activity in Pakistan remains sparse, but early movers are beginning to cut deals with a new sense of confidence as geopolitical and economic issues simmer down
India's Practo gets $55m round led by Tencent
China's Tencent Holdings has led a $55 million Series D round for Indian clinic management software and doctor search portal developer Practo.
Tembusu exits Singapore-based Ednovation to CDH
CDH Investments has acquired a 36% stake in Ednovation, a Singapore-based operator of pre-schools in Southeast Asia and China, from Tembusu Partners in a deal said to be worth more than S$50 million ($35 million).
Abraaj invests in Pakistani diagnostics business
The Abraaj Group has invested an undisclosed sum in Islamabad Diagnostics Centre (IDC), an affordable health diagnostics provider with 20 facilities in Pakistan.
Deal focus: C -Bridge brings more co-investment to Ascletis
C-Bridge Capital participates in a $100 million Series B round of funding for biotechnology Ascletis alongside existing backer Goldman Sachs and a number of its LPs
Deal focus: Magento targets evolving online retailers
Hillhouse Capital commits $250 million to e-commerce software provider Magento, joining forces with existing backer Permira in order to help the company realize its growth potential in Asia
CDH closes China mid-market fund at $800m hard cap
CDH Investments has closed its China mid-market fund at the hard cap of $800 million, beating the target of $600 million. The vehicle will allow the GP to pursue opportunities that fall below the minimum check size for its flagship private equity fund.
Indian logistics player raises $13m Series B round
Mumbai-based logistics services company Leap India has secured about $13 million in a Series B funding round led by new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures.
CDH leads $363m round for Chinese parcel service operator
CDH Investments has led a RMB2.5 billion ($363 million) Series A round of funding for China-based Hive Box, a self-service package drop-off and pick-up operator.
China's Frontier Biotechnologies gets $43m round
Frontier Biotech, a China-based pharmaceutical company that works on HIV treatments, has received RMB300 million ($43 million) in Series C funding, led by Huaxin Century Investment Group.
INCJ, Khazanah back SE Asian telecom spin-out
Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata
Warburg Pincus, Tencent lead $215m round for China's Mobike
Chinese bike-sharing start-up Mobike has received $215 million in Series D funding, led by domestic internet giant Tencent Holdings and Warburg Pincus. The company now claims to be the best funded participant in its industry globally.
C-Bridge leads $100m round for China's Ascletis
Healthcare-focused PE firm C-Bridge Capital has led a Series B round of funding worth $100 million for Ascletis, a Chinese biotechnology company that specializes in treatments for liver disease.
Everstone invests $35m in India's OmniActive Health
The Everstone Group has committed $35 million to Indian nutraceuticals ingredient supplier OmniActive Health Technologies. It is the firm’s third pharmaceuticals investment in less than a year.
IFC to invest $165m in Bangladesh energy firm
The International Finance Corporation (IFC), the investment arm of the World Bank, has agreed to provide $165 million in debt financing to the Bangladeshi subsidiary of Singapore-based energy firm Sembcorp Utilities.
MSPEA commits $25m to India's ZCL Chemicals
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.7 billion ($25 million) in ZCL Chemicals, an India-based pharmaceuticals company that focuses on niche therapeutic areas such as the central nervous system, antiretroviral treatments and controlled...
Cathay, Shenzhen Fortune lead $58m round for China’s Aihuishou
Cathay Capital Private Equity and Shenzhen Fortune Venture Capital have led a RMB400 million ($58 million) Series D round of funding for Aihuishou, a China-based electronic products recycling platform.
Advent invests in India's ASK Group
Advent International has bought a minority stake in Indian investment and wealth management business ASK Group.
China’s Bona Film receives $360m after PE-backed privatization
Chinese film distributor Bona Film Group, which was taken private eight months ago by a consortium of PE investors and company management, has raised a RMB2.5 billion ($360 million) round led by existing shareholders Alibaba Pictures and Tencent Holdings.
Everbright-IDG fund commits $72m to China e-commerce app
China Everbright (CEL) and IDG Capital Partners have completed a RMB500 million ($72 million) investment in Daling, which operates a Chinese mobile shopping recommendation app targeted at women.