Growth capital
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Fuji Startup Ventures backs Japan's The Bridge
Fuji Startup Ventures (FSV), the VC arm of Japan's Fuji TV network, has committed an undisclosed amount of funding to Tokyo-based start-up news site The Bridge, alongside public relations company PR Times.
Sequoia leads $6m round for Indian brewer
Sequoia Capital has led a INR400 million ($6 million) round for Indian brewer B9 Beverages, the makers of the craft beer brand Bira 91.
Fenox commits Series D to Japan's Geniee
Fenox Venture Capital has committed an undisclosed amount of Series D funding to Japan-based adtech start-up Geniee.
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Black River backs India's Future Consumer Enterprise
Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, will invest $45 million in India's Future Consumer Enterprise (FCEL).
KKR sets up oil and gas services platform
KKR has set up an oil and gas services platform that will handle the engineering, maintenance, repair and overhaul needs of owners and operators.
CVC commits growth capital to Indonesia's Softex
CVC Capital Partners has made its fourth investment in Indonesia, taking a minority stake in Softex Indonesia. The size of the investment was not disclosed.
India B2B logistics firm TrucksFirst raises $30m
TrucksFirst Services, an India-based business-to-business (B2) logistics services provider, has raised $30 million in a Series B round of funding provided by SAIF Partners and other investors.
Fosun forges partnership with China’s Modern Sky
Shanghai Joy Network, a media and entertainment investment group owned by Fosun's chairman and founder Guo Guangchang, has committed RMB130 million ($20 million) in Series B funding to Modern Sky Entertainment, a concert and festival event organizer in...
China cloud-computing provider UnitedStack raises Series C
UnitedStack, which claims to be the first OpenStack-enabled cloud computing provider in China, has received a Series C round of funding of undisclosed size from Sequoia Capital.
Blackstone invests $170m in India's IBS, General Atlantic exits
The Blackstone Group has acquired a minority stake in India-based IBS Software for $170 million, facilitating an exit for General Atlantic.
Deal focus: The online-offline element
Southeast Asia's aCommerce delayed its Series B round in order to form a strategic partnership with - and take some capital from - Europe-headquartered DKSH
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
Goldstone, Legend lead $280m round for China CRO play
The Goldstone Investment-managed CITIC M&A Fund and Legend Capital have led a $280 million round of financing for Pharmaron, a Chinese contract research organization (CRO) company.
Formation 8 leads round for Korea's Yello Mobile
Formation 8 has re-upped in South Korean mobile internet company Yello Mobile, leading a $47.2 million financing round. The capital will be used to strengthen the company’s business domestically and across Asia.
Northstar leads $1b financing deal for Indonesia's Salim Group
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
CLSA leads $10m round for India's Holisol Logistics
CLSA Capital Partners has led a $10 million round of funding for Holisol Logistics, an India-based supply chain and logistics company.
Actis sells stake in Sri Lanka's Asiri Hospitals to TPG Growth
Actis has sold a 27.8% stake in Asiri Hospital Holdings (AHH), Sri Lanka’s largest private hospital group, to TPG Capital’s growth equity unit for LKR7.6 billion ($53.2 million).
Olympus commits $45m to Hong Kong e-waste processor
Olympus Capital has committed $45 million to Li Tong Group (LTG), a Hong Kong-based reverse supply chain services provider and electronic waster (e-waste) processor.
CITIC PE-owned online finance platforms raise $65m
Maidai Licai and China Top Credit, two Chinese online finance platforms wholly-owned by CITIC Private Equity, have raised RMB420 million ($65 million) from their parent company and other strategic investors.
DKSH acquires 20% of Southeast Asia-focused aCommerce
DKSH, a Switzerland-based company that helps clients find outsourcing partners in new markets, has acquired a 20% stake in Southeast Asia-focused e-commerce solutions provider aCommerce.
Australia’s Blue Sky targets $144m VC fundraise
Blue Sky Venture Capital, a division of Australia-based Blue Sky Alternative Investments, will raise a A$200 million ($144 million) fund focused on later-stage local start-ups.
AVCJ Awards 2015: Fundraising of the Year - Mid Cap: Ascendent Capital Partners
As corporate China adjusts to a slower growth environment, Ascendent Capital Partners’ strategy of providing advice alongside capital resonated with LPs