Growth capital
Northstar backs SE Asia business accommodation supplier
Northstar Group has taken what is understood to be a minority stake in MG Group – a Southeast Asian “bedbank” that supplies hotel rooms to travel agents, wholesalers, aggregators and tour operators – for an undisclosed sum.
China short-term rental site Xiaozhu raises $65m
Chinese short-term rental site Xiaozhu.com has collected a total of $65 million across two tranches from a group of China-focused VC investors.
PE-backed Yum China gains on US debut after spin-out
Yum China, the private equity-backed group that operates KFC, Pizza Hut and Taco Bell in the country, gained 8% on its US trading debut after completing its separation from parent Yum Brands.
VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
China credit card management app U51 raises a further $84m
U51.com, a Chinese credit card management mobile app, has secured $84 million in an extended Series C round from Chinese asset manager Harvest Global Investments and department store operator Intime Retail Group.
MOPE invests $15m in India's Ganesh Grains
Motilal Oswal Private Equity (MOPE) has invested INR1 billion ($15 million) in Indian packaged cereals producer Ganesh Grains.
Sequoia to invest $52m in China's Gopher Asset Management
Sequoia Capital China has agreed to invest RMB348 million ($51.7 million) in Gopher Asset Management, the alternative asset management unit of China’s Noah Holdings.
NewQuest, Kotak invest in Paragon portfolio companies
NewQuest Capital Partners has joined a $21 million investment in construction firm Capacit’e Infraprojects and engineering components manufacturer Maini Precision Products, both of which are portfolio companies of India-based GP Paragon Partners.
Walmart commits $50m to JD.com's delivery platform
US-based retailer Walmart has made a $50 million strategic investment in New Dada, a Chinese online grocery and delivery platform part-owned by JD.com.
MOPE to invest $16m in India's Dairy Classic
Motilal Oswal Private Equity (MOPE) will invest up to INR1.1 billion ($16 million) in Indian frozen dessert maker Dairy Classic Ice Creams.
Waterman invests in New Zealand-based My Food Bag
Waterman Capital has invested in New Zealand-based food delivery platform My Food Bag (MFB).
Everbright-IDG fund invests $297m in China UnionPay Merchant
China Everbright (CEL) and IDG Capital Partners have acquired a 9.3% stake in China UnionPay Merchant Services (UMS), a third-party payment provider, for RMB2 billion ($297 million).
Temasek invests $250m in China healthcare venture
Singapore's Temasek Holdings has committed $250 million to hospital operator Columbia Pacific Management for a joint venture in China.
Indian news app Dailyhunt raises $25m
Indian online news aggregator Dailyhunt has raised a $25 million Series D round led by ByteDance, a Chinese VC-backed online content provider.
Chinese consortium to invest in Australia's Buderim Group
Sino-Australian PE firm Wattle Hill RHC Funds has partnered with Chinese snack producer QiaQia Food to acquire a stake in Buderim Group, Australia’s largest ginger producer, for approximately A$26.1 million ($20 million).
Genuine Startups, Ideo launch Japanese VC fund
Japan’s Genuine Startups and US design company Ideo have launched a Tokyo-based venture capital unit that will invest in domestic early-stage companies with plans for international expansion.
EDBI in $40m round for US-based Shape
EDBI, the corporate VCs arm of Singapore's Economic Development Board, has joined a $40 million Series D round for Shape Security, a US-based provider of online security technology.
Deal focus: H&Q backs flexible EV player
Efficient Drivetrains produces powertrain systems suitable for electric vehicles and hybrids, leveraging automakers desire to meet emissions requirements without building costly in-house operations. H&A Asia Pacific is financing a wider geographic roll-out...
Sequoia leads $51m round for Indian data security firm Druva
Sequoia Capital has led a $51 million funding round for Indian cloud data security and information management solutions provider Druva.
Huasheng leads round for China education site Zmlearn
Huasheng Capital, a private equity firm established by financial advisor China Renaissance, has led a Series C round of funding for Zmlearn.com, a Chinese K-12 online learning and teaching platform.
China O2O retail: It's good to touch
The rise of e-commerce in China has placed traditional retailers under pressure, but private equity investors are still finding opportunities with concepts that integrate online and offline
India logistics: Wheels within wheels
A confluence of macro influences is driving demand for modernized logistics in India. Private equity is likely to benefit in a number of areas, but informed targeting and value-add approaches will be key
Sino-US bio-pharma firm raises $55m Series C
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has raised a $55 million Series C round of funding led by Shanghai-based GP Healthcare Capital.
Anthem Asia invests in Myanmar's Rangoon Tea House
Anthem Asia is backing an expansion drive for Myanmar restaurant Rangoon Tea House (RTH) that will see the company offer services outside catering while developing new brands.