M&A
Deal focus: True North to end 13-year journey with Fincare
Indian private equity firm True North took advantage of regulatory reforms to convert Fincare SFB from a non-bank into a bank. A merger with listed peer AU SFB will finally deliver an exit
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.
ShawKwei completes duo of US acquisitions
Asia-focused industrials specialist ShawKwei & Partners has completed two investments in the US spanning packaging manufacturing and environmental chemicals.
CVC expands into infrastructure with DIF acquisition
CVC Capital Partners has expanded into the infrastructure space with the acquisition of DIF Capital Partners, a Netherlands-headquartered manager with an investment footprint that includes Australia.
BPEA EQT completes Vistra, Tricor merger
BPEA EQT has completed the merger of Asia-headquartered corporate services providers Vistra Group and Tricor Group through a transaction that values the combined business at USD 6.5bn.
Ares to buy Asia's Crescent Point
Crescent Point Capital, a China and Southeast Asia-focused private equity firm with around USD 3.8bn in assets under management (AUM), has agreed to a 100% acquisition by Ares Management.
Japan M&A: Go digital, go global
Panasonic moved from hardware to software with the acquisition of Blue Yonder, a path that other Japanese corporates are expected to follow. PE investors can sell to them or work with them
Monument joins forces with secondaries advisor Mozaic
Placement agent Monument Group has merged with Mozaic Capital Advisors, a US-based boutique advisory firm focused on secondary transactions, following an eight-year strategic partnership.
Japan's Mizuho to buy M&A advisor Greenhill
Boutique investment bank Greenhill, arguably best known in private equity for advising on LP and GP-led secondary transactions, has agreed to an acquisition by Japan’s Mizuho Financial Group.
Deal focus: The SoftBank effect, one step removed
The new owners of SoftBank Ventures Asia are cut from the same cloth – and even come from the same family – as the VC firm’s corporate parent. They aspire to reconfigure Asia’s tech ecosystem
Mistletoe founders to acquire SoftBank Ventures Asia
SoftBank Group has agreed to sell its captive VC unit, SoftBank Ventures Asia (SBVA), to a newly formed entity led by the team behind Japan-headquartered start-up incubation and investment platform Mistletoe.
Accenture buys India's VC-backed Flutura
Flutura, an India-headquartered provider of artificial intelligence-enabled (AI) analytics services to industrial customers, has been acquired by Accenture. The deal facilitates an exit for several VC investors, including Vertex Ventures.
BPEA EQT seeks financing for Vistra, Tricor merger
BPEA EQT is pushing ahead with the merger of Asia-headquartered corporate services providers Vistra Group and Tricor Group, having initiated discussions on pricing a USD 1.66bn financing package.
Kotak fund invests $129m in India's Biocon
Kotak Mahindra Advisors (KIA), the alternative assets arm of Kotak Mahindra Group, has committed INR 10.7bn (USD 129.4m) to Indian pharmaceuticals manufacturer Biocon to support the latter’s acquisition of a biosimilar business from global healthcare...
Deal focus: Secondary investors support Capital Square, Basil merger
Capital Square Partners and Basil Technology Partners have joined forces, with HarbourVest Partners, NewQuest Capital Partners, and Committed Advisors backing a USD 700m fund comprising Asia IT services investments from both GPs
India's IIFL Asset Management merges with Truscale
India-based alternative investment manager IIFL Asset Management (IIFL AM) has agreed to take ownership of TrueScale Capital, a venture growth firm established by Sameer Nath, formerly of Iron Pillar.
Singapore's Doctor Anywhere raises $38m, makes acquisition
Southeast Asia-focused telehealth platform Doctor Anywhere has closed a second tranche of Series C funding worth USD 38.8m and acquired Singapore-listed Asian Healthcare Specialists (AHS).
Dalma Capital buys Singapore's Global CIO Office
Dalma Capital Group, a Dubai-headquartered alternative investment management platform, has agreed to buy The Global CIO Office, a Singapore-based outsourced CIO business that primarily serves family offices.
Portfolio: Trustar Capital and Trustlink
Through Trustlink, Trustar Capital has successfully executed a buy-and-build strategy in China’s facility management space, using scale and standardisation to win contracts from multinationals
Baring Asia, EQT plan rollout of additional Asia strategies
Mid-cap buyout has been primed as the first of multiple strategies EQT pursues in Europe and North America that will be rolled out in Asia following the completion of the firm’s merger with Baring Private Equity Asia (BPEA).