Japan
Japan's LayerX extends Series A to $67.5m
Japanese enterprise billing and invoicing software provider LayerX has raised JPY 2bn (USD 13.2m) from Hong Kong’s Keyrock Capital Management, lifting its Series A round to around USD 67.5m
Integral makes partial exit from Japan’s Skymark
Japanese private equity firm Integral Corporation has sold most of its remaining position in Skymark Airlines, the budget air carrier it took public in December last year.
Asia’s LP landscape: North to south
Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity
Japan's Sensyn Robotics raises $15m
Japan’s Sensyn Robotics, which develops drones for various industrial inspection applications, has raised JPY 2.25bn (USD 15m) in growth funding from several local banks and VC investors.
Japanese digital alternatives platform gets pre-Series A
Luca, a Japan-based fundraising platform that aims to give local high net worth investors access to alternatives, has received seed-stage funding from VC investors.
T Capital exits Japan confectionery business
Japanese middle market private equity firm T Capital Partners has agreed to sell its majority stake in Confex Holdings, a wholesale confectionery products business, to Yamae Group Holdings for JPY 16.1bn (USD 107m).
Japan's Integral agrees strategic exit for fertiliser maker Nitto FC
Japanese GP Integral Corporation has agreed to sell fertiliser maker Nitto FC to Ichinen Holdings, a listed automotive supplier with interests in industrial chemicals, for an undisclosed sum.
Money train: Raising capital out of Asia
Fundraising difficulties at home are prompting some US and European GPs to target Asian capital pools that they previously overlooked. It requires patience and persistence
Partners Group strengthens Japan private wealth coverage
Partners Group has recruited Tatsuro Aoyama to its private wealth team in Japan with a brief to build out relationships with local distribution partners.
PE-owned Kokusai Electric gains on debut after $720m Japan IPO
KKR-owned Kokusai Electric gained 28% on debut after raising JPY 108.3bn (USD 720m) in Japan’s largest IPO in five years.
Japan plant-based meat player raises $47m
Japanese plant-based meat company Daiz has raised JPY 7.1bn (USD47.4m) in Series C funding that features Mitsubishi UFJ Capital.
Japan's Beyond Next raises $67m for third VC fund
Japanese deep tech investor Beyond Next Ventures has achieved a first close of JPY 10bn (USD 67.1m) on its third flagship fund. The target is JPY 25bn.
Japan's WiL joins $27m round for health platform Micin
Japan-US cross-border investor World Innovation Lab (WiL) has joined a JPY 4bn (USD 27.3m) Series C round for Tokyo-based telemedicine and health platform Micin.
VC-backed streetwear retailers Kream, Soda to merge
Korean streetwear retailer Kream has paid KRW 97.6bn (USD 72.1m) for a 43.6% stake in Japanese counterpart Soda as part of a merger of the two VC-backed businesses.
Japan's J-Star exits HR business to Longreach
The Longreach Group has acquired a 100% stake in J-CEP, the holding company of HR services company Aki-Japan, for an undisclosed sum, providing an exit for J-Star.
Bain pursues $147m acquisition of Japan's System Information
Bain Capital has agreed to acquire Tokyo-listed Systems Information (SI&C) via a tender offer that values the software and IT provider at about JPY 22bn (USD 147m).
DCM adds partners in Japan, China
DCM has promoted two Asia-based investment professionals – Kenichiro Hara and Fiona Huang, who focus on Japan and China, respectively – to partner.
KKR-owned Kokusai Electric targets $749m Tokyo IPO
KKR is eyeing a partial exit from Kokusai Electric after the Japan-based semiconductor industry supplier announced plans to raise JPY 111.2bn (USD 749m) through a Tokyo IPO.
JIP-led consortium completes Toshiba tender offer
A consortium led by Japan Industrial Partners (JIP) has successfully completed a tender offer for Toshiba Corporation, paving the way for a JPY 2trn (USD 13.6bn) privatisation of the company.
L Catterton enters Japan's veterinary services space
L Catterton’s interest in Asian pet food and services has stretched from China to India and now Japan with a commitment of undisclosed size to Withmal, a Japanese veterinary services group.
Japanese warehouse robot start-up raises $84m
SBI Investment has led a JPY 12.3bn (USD 84m) Series C round for Japanese industrial robotics supplier Mujin, advancing expansion plans in Europe and the US.
Global Brain, Globis lead $93m round for Japan's Josys
Global Brain and Globis Capital Partners have led a USD 93m Series B round for Josys, a Japan-based IT services provider specializing in helping companies manage devices.
Deal focus: Patience pays off for Trustar on Moritex
Trustar Capital’s 20x return on Japanese precision manufacturing business Moritex was driven by greater geographic diversification in production and distribution and a shakeup of the product portfolio
Japan Industrial Partners sets $2bn hard cap for Fund VI
Japan Industrial Partners (JIP), the Japanese private equity firm leading the USD 15bn privatisation of Toshiba, has set the hard cap for its latest fund at JPY 300bn (USD 2bn) and secured a six-month extension to the fundraising period.