Growth capital
IFC set for $60m investment in SE Asian medical player
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of $60 million to IDS Medical Systems, a Hong Kong-based healthcare industry supplier for Southeast Asia.
Temasek, Hillhouse invest in China's Mobike
Singapore’s Temasek Holdings has made a strategic investment in Mobike, a Chinese smart bike rental services start-up, while existing backer Hillhouse Capital has also re-upped.
China B2B hotel booking site raises $17m
Chinese B2B hotel booking platform Haoqiao.cn has raised RMB120 million ($17 million) in an extended Series B round led by the government-backed National SME Development Fund and China Merchants Capital.
Singapore's CapBridge launches $100m VC fund
Singapore-based investor CapBridge Investment Trust (CIT) is targeting $100 million for a growth-stage VC fund that aims to improve access to established start-ups for institutional investors.
Hong Kong's Kerogen makes Israel energy investment
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has committed an initial $50 million to a planned $1.3 billion development in gas fields off the coast of Israel.
Impact investors and Asian banks: Developing interest
Despite the rise of non-banking finance companies, traditional banks in emerging markets still appeal to impact investors. Using them to their potential means adapting to each market
HG Capital invests $23m in Chinese CRO firm
Chinese private equity firm HG Capital has led a RMB160 million ($23 million) round of funding for Beijing Nuokangda Pharmaceutical Technology, a contract research organization (CRO).
IFC proposes $15m investment in India's Clean Max
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
China's CMC Capital invests in Formula E
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
Deal focus: Trax offers brands a valuable close-up
Trax Image Recognition closes in on a $250 million valuation as Investec Bank backs the Singapore's start-up's solution for giving brands a clearer picture on what shelf positioning means for sales
China logistics data firm G7 raises $45m from CDB, GLP
G7, a Chinese manufacturer of smart devices for use in the logistics sector, has raised $45 million from China Development Bank Capital (CDB Capital) and Singapore-listed warehouse operator Global Logistic Properties (GLP).
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
China VC-backed parenting site gets Series D from Suning
Lamabang, a Chinese parent-focused social platform backed by several VC investors, has raised a Series D round of funding from local home appliance retailer Suning Commerce.
Deal focus: Grab thinks local in Indonesia
Grab will invest $700 million in Indonesia over four years with a view to developing more localized solutions that support the development of its core ride-hailing business as well as promote financial inclusion
Temasek leads $55m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.
Chinese VC-backed car valuation platform raises $29m
Che300.com, a Chinese VC-backed platform that values used cars, has raised RMB200 million ($29 million) in a Series C round of funding led by state-owned automotive company SAIC Motor.
Deal focus: Equis cracks Australian solar market
Finding a reliable local counterparty for a power purchasing agreement gave Equis the confidence to commit $302 million to solar projects in Australia
Investec leads $19.5m round for Singapore image recognition player
Investec Bank has led a $19.5 million funding round for Trax Image Recognition, a Singapore-based company that uses visual technology to support manufacturers and retailers.
Jacob Ballas, NYLIM to invest in India's Centrum Capital
Jacob Ballas and New York Life Investment Management (NYLIM) will invest in CentrumDirect, the foreign exchange business of India-listed financial services company Centrum 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