Hong Kong (China)
Lee's Pharmaceutical spin-out gets $145m Series B
Hong Kong-based Zhaoke Ophthalmology Pharmaceutical (ZKO), a subsidiary of Lee’s Pharmaceutical, has raised a $145 million Series B round led by Hillhouse Capital and TPG Asia.
Everest Medicines soars on debut after $451m IPO
Everest Medicines, a Chinese biotech start-up backed by CBC Group, performed strongly in early trading in Hong Kong following a HK$3.5 billion ($451 million) IPO.
Deal focus: Green Monday finds mission-aligned investors
Green Monday, the Hong Kong plant-based food distributor behind the Green Common retail chain and OmniPork alternative meats, has raised its first institutional round of funding.
Rise Fund, Swire back Asia plant-based food specialist
The Rise Fund, TPG’s impact investment vehicle, and Hong Kong conglomerate Swire Pacific have led a $70 million round for Green Monday Holdings, a Hong Kong plant-based protein provider.
Joseph Wan leaves Cinven, forms Hong Kong family office
Joseph Wan, previously a Hong Kong-based operating partner for European private equity firm Cinven, has established a multi-family office called Anchor Strategic Partners.
Q&A: Hong Kong Monetary Authority's Anson Law
Hong Kong’s updated limited partnership ordinance came into force this week. Anson Law, a senior manager for market development at Hong Kong Monetary Authority, explains why it’s important for the territory
Lever VC reaches $23m first close on food fund
Lever VC, a Hong Kong and US-based food tech specialist, has confirmed a $23 million first close for its debut fund, which will invest alternative protein start-ups globally with a strong focus on China.
China Resources consortium buys Hong Kong’s City Super
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
JD.com invests $100m in Hong Kong's Li & Fung
Chinese online retailer JD.com is investing $100 million in Hong Kong's Li & Fung, which recently won support from warehouse investor GLP for a privatization.
Asia-IO, Wise Road invest in HK semiconductor supplier
Private equity firms Asia-IO Capital and Wise Road Capital have acquired a 55.6% stake in a semiconductor packaging materials business from Hong Kong-listed ASM Pacific Technology.
WI Harper backs Hong Kong financial services player
WI Harper Group has led a $20 million Series B round for Hong Kong financial services provider EMQ.
Hong Kong vs Singapore: Onshore overtures
Hong Kong and Singapore both position themselves as the headquarters of choice for private equity firms in Asia. But the competitive dynamics – from politics to structures – are not straightforward
Lawmakers endorse Hong Kong's fund domicile ambitions
Hong Kong’s updated limited partnership legislation has passed into law, giving private equity and venture capital managers the option of domiciling their funds in the territory.
Warburg Pincus set for part-exit from Jinxin Fertility
Warburg Pincus will sell an approximately 5.5% interest in Hong Kong-listed IVF services provider Jinxin Fertility for about HK$1.5 billion ($194 million) through a share placement.
CLSA looks to connect wealthy investors with unicorns
CLSA, the international arm of China-based brokerage CITIC Securities, has launched a strategy to offer high net worth clients investment opportunities in late-stage private companies in Asia.
Cayman fund regulation: Marginal gains
Private equity firms that use the Cayman Islands as a fund domicile are coming to terms with the realities of registration. Is the cumulative weight of increased regulation making them consider other jurisdictions?
Redmayne leaves CVC to join Searchlight
James Redmayne, a 14-year veteran of CVC Capital Partners who spent the last seven years in Asia, has joined the London-based team at Searchlight Capital Partners.
Deal focus: GoBear builds financial menu for Southeast Asia
GoBear, a Singapore-headquartered financial services platform, believes it can create financial products suitable for consumers and institutional partners alike
IDG, Accel back take-private of Hong Kong’s Sky Solar
IDG Capital Partners and Accel Partners have joined a take-private bid for Sky Solar Holdings that values the Hong Kong-based and NASDAQ-listed power provider at around $2.5 billion.
Shaw Kwei invests in Hong Kong cosmetics industry supplier
Shaw Kwei & Partners has announced an investment in International Cosmetics Suppliers (ICS), a Hong Kong-based packaging specialist for the global beauty industry.
Hong Kong ups disclosure requirements for biotech IPOs
The Hong Kong Stock Exchange has tightened disclosure requirements for companies looking to take advantage of two-year-old reforms permitting listings by pre-revenue biotech companies.
Hong Kong’s PE-backed Oriente raises $50m
Oriente, a Hong Kong-headquartered financial technology start-up, has raised $50 million in a round led by Peter Lee, the co-chairman of local property developer Henderson Land.
Capricorn acquires Hong Kong corporate services player
UK-based family office Capricorn Capital has made its second investment in Asia with the 100% acquisition of Hong Kong corporate services provider Ethos for an undisclosed sum.
Hong Kong's 8 Securities acquired by US player
8 Securities, a Hong Kong-headquartered app-based brokerage, has been acquired by SoFi, a financial technology company based in the US.