professional services
Warburg Pincus backs Asia-US BPO player Everise
Warburg Pincus has agreed to invest an unspecified sum in Asia-US business process outsourcing (BPO) company Everise at a valuation of USD 1bn, facilitating an exit for Everstone Group.
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.
Cybersecurity: PE urged to go post-quantum
Private equity firms with masses of information, long histories, and long futures will be vulnerable to code-cracking quantum computers perceived as lurking on an inevitable near-term horizon
Generative AI in due diligence: Crunching new numbers
Private equity is rediscovering artificial intelligence as a due diligence tool in the wake of ChatGPT. Data security, legal, and technical risks have curbed uptake somewhat, less so for venture
Carlyle backs Quest Global, Bain, Advent exit
The Carlyle Group has agreed to acquire a significant minority stake in Singapore-based engineering services company Quest Global, facilitating exits for Bain Capital and Advent International.
Hillhouse buys offshore corporate services unit from Harneys
Hillhouse Investment, the buyout and growth capital unit of Asia-based Hillhouse Group, has agreed to acquire the fiduciary services business of global offshore law firm Harneys.
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.
Malaysia's COPE backs corporate accounting business
Malaysia’s COPE Private Equity has confirmed an investment of undisclosed size in CC International, a local professional services firm with a footprint in Australia and plans for further expansion.
Jefferies hires Dennis Kwan to lead Asia secondaries advisory
Dennis Kwan, formerly of Chinese private equity firm Harvest Investments Management and placement agent MVision, has joined boutique investment bank Jefferies to lead secondaries coverage in Asia.
J-Star invests in Japan IT provider
Japanese private equity firm J-Star has invested an undisclosed sum in local IT staffing services provider Miraie in an apparent consolidation play.
GIC takes co-control of Bain-owned Japan software company
Bain Capital has ceded co-control of Japanese HR software provider Works Human Intelligence (WHI) to GIC in a deal ranked among the Singapore sovereign investor’s largest acquisitions.
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.
Goodwin adds investment funds partner in Singapore
Goodwin Proctor has recruited Matthew Nortcliff as a partner in its investment funds practice in Singapore, adding headcount to an office that opened towards the end of last year.
Allegro agrees take-private of Australian law firm
Allegro Funds has agreed to acquire Slater & Gordon, a Melbourne-headquartered law firm that trades on the Australian Securities Exchange, at a price that equates to a market capitalisation of around AUD 77.6m (USD 52.3m).
Square Peg, Wellington back Australia's Rokt at $2.4b valuation
Square Peg Capital and Wellington Management have led a AUD 750m (USD 501m) investment in Australian e-commerce marketing technology provider Rokt at a valuation of USD 2.4bn.
GSV leads $45m round for India's Simplilearn
GSV Ventures has led a USD 45m round for Indian education technology provider Simplilearn. The Blackstone Group acquired 70% of the company last year for USD 250m.
Tower Capital closes maiden SE Asia PE fund on $379m
Singapore’s Tower Capital Asia, which has historically invested on a deal-by-deal basis, has closed its debut blind pool private equity fund for Southeast Asia on USD 379m.
GPs exit Australian quantity surveyor to management
The management team of Australia-based quantity surveyor BMT Tax Depreciation has assumed control of the business, ending a seven-year holding period for private equity backers CHAMP Ventures and Yorkway Equity Partners.
Ex-EQT partner wins funding for Asia ESG services platform
Tak Wai Chung, who until early last year was a Singapore-based partner at EQT, has secured funding for a pan-Asian platform that will provide software solutions to corporates that need to meet environment, social, and governance (ESG) requirements.
India's ChrysCapital adds US-based operating partner
India's ChrysCapital Partners has appointed Sanjay Jalona, formerly CEO of the IT division of Indian engineering conglomerate Larsen & Toubro, as an operating partner based in the US.
Indonesia's Pintarnya raises $14.3m seed round
Indonesia’s Pintarnya, a one-stop platform for blue collar workers, has closed a USD 14.3m seed round backed by General Catalyst, Sequoia Capital India, and East Ventures.
Deal focus: Seeing light at the end of the COVID-19 tunnel
Taiwan travel start-up KKday continues to raise capital seemingly on its own terms despite flights remaining largely grounded. It expects a boom toward year-end and near-normalcy in 2023
Japan's MPower backs construction workers' platform
Japanese environmental, social, and governance (ESG) focused private equity firm MPower has led a JPY 1.8bn (USD 13.4m) investment in Sukedachi, a jobs platform for construction workers.
TGVest helps Taiwan's KKday lift Series C to $95m
Taiwanese e-commerce and travel platform KKday has closed a protracted Series C capital raising process with USD 95m. Local private equity firm TGVest Capital led the latest tranche.