manufacturing
Deal focus: Hahn finds rich pickings in SK Group
Hahn & Company’s USD 1.3bn acquisition of an industrial materials unit from SKC is its fifth deal involving SK Group in four years. Being a good custodian is regarded as key to securing repeat business
Creador, InvAscent invest $68m in India medical supplier
Malaysia-based Creador and Indian healthcare specialist InvAscent have invested a combined USD 68m in Indian medical equipment supplier Accumax Lab Devices.
Japan's T Capital buys Fujitsu semiconductor memory assets
Japanese mid-market buyout firm T Capital Partners has agreed to carve out Fujitsu’s semiconductor memory chip business for an undisclosed sum.
Deal focus: India’s Fashinza in vogue with VC
The appeal of the boutique brand ensures that fashion will always be a fragmented space. As e-commerce splinters the industry even further, India’s Fashinza aims to tie it all together
Portfolio: Investcorp and Viz Branz
War, climate change, and COVID-19 are twisting the outlook for Investcorp-owned instant food supplier Viz Branz. But an implacable China growth story has underpinned an aggressive expansion agenda
India's Multiples invests $88m in BDR Pharma
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
Deal focus: Elevation targets Lumena uplift
Elevation Equity Partners sees Korean consumer electronics brand Lumena as a diamond in the rough, with high margins, quality products, and scope for domestic and international expansion
PAG backs acquisition of India's Optimus Drugs
PAG has supported the acquisition of Optimus Drugs for an undisclosed sum alongside CX Partners and Samara Capital as part of a joint Indian pharmaceuticals platform play.
India dental start-up Toothsi raises $40m Series C
India’s Toothsi, a direct-to-consumer start-up that makes own-branded transparent dental aligners and braces, has raised a USD 40m Series C round featuring Eight Roads Ventures.
China's VisionNav Robotics raises $80m
5Y Capital and Meituan, China’s leading online-to-offline services provider, have led a USD 80m Series C extension for VisionNav Robotics, a local manufacturer of driverless industrial vehicles.
Deal focus: KV Asia finds another way into PPE
Malaysia’s G.B. Industries is already a leading global player in the electrical personal protective equipment space. KV Asia aims to drive growth by professionalising the family-run business
KV Asia buys Malaysia industrial glove manufacturer
KV Asia Capital has acquired a majority stake in G.B. Industries (GBI), a Malaysia-based manufacturer of rubber insulating gloves and sleeves, for an undisclosed sum.
ShawKwei buys Australia beauty, healthcare company
ShawKwei & Partners has acquired Australia’s Rauxel, a beauty and healthcare industry supplier, for an undisclosed sum. It will be merged with existing portfolio company Icons Beauty Group.
Singapore parenting app raises $22m Series D
East Ventures has led a USD 22m round for Singapore’s Parentinc, which claims that its flagship brand, theAsianparent, is Southeast Asia’s largest parenting platform.
Japan's Drone Fund closes third vintage on $85m
Japan’s Drone Fund has closed its third air mobility-dedicated vehicle at JPY 10.5bn (USD 85m), beating a target of JPY 10bn.
Carlyle sells Japan construction materials supplier to Lone Star
The Carlyle Group has sold Senqcia Corporation, a Japanese construction materials supplier formerly known as Hitachi Metals Techno, to Lone Star Funds for an undisclosed sum.
Effissimo pledges to support Bain buyout of Toshiba
Bain Capital appears to be preparing a take-private bid for Toshiba Corporation, having secured the support of the company’s largest activist shareholder for a potential tender offer.
Trustar buys China condiments supplier
Trustar Capital, formerly known as CITIC Capital Partners, has acquired China-based food condiments supplier Beijing Salion Foods for an undisclosed sum.
China smart projector brand JMGO raises $158m
IDG Capital and Chinese smartphone brand Oppo have invested CNY 1bn (USD 158m) in JMGO, a local manufacturer of smart projection equipment developer JMGO that also goes by the name Holatek.
Warburg Pincus buys majority stake in India's Imperial Auto
Warburg Pincus has acquired Imperial Auto Industries, one of India’s oldest automotive parts manufacturers, for an undisclosed sum.
Creador makes second SE Asia food investment in five months
Malaysia-based Creador has acquired a significant minority stake in local food industry supplier Custom Food Ingredients for an undisclosed sum as part of a category platform play.
China 5G chip designer Cygnus raises $100m
Chinese 5G chip design company Cygnus Semiconductor has raised USD 100m in Series A funding and an extended pre-Series A round led by Matrix Partners China and Wofo Capital.
India's Moglix raises $250m at $2.6b valuation
Tiger Global Management and Alpha Wave Global have led a USD 250m Series F round for India’s Moglix. It more than doubles the industrial B2B start-up’s valuation in the past eight months to USD 2.6bn.
India smart devices producer Smartron raises $200m
Smartron, an India-focused smart devices brand backed by cricket legend Sachin Tendulkar, has received USD 200m in funding from Global Emerging Markets Group (GEM).