News
Mekong backs Vietnam cosmetics retailer
Mekong Capital has invested in HSV Group, Vietnam’s largest cosmetics retailer with a network of 105 self-operated stores.
Japan's Advantage adds renewables strategy
Japan’s Advantage Partners has broadened its investment scope with the introduction of a renewables and sustainability strategy.
Australia's PEP to exit investor services business AST
Pacific Equity Partners (PEP) is poised to exit American Stock Transfer & Trust (AST), its longest-held portfolio company, following an agreement to sell the business to US-based Siris Capital.
Tikehau backs Asia secondaries specialist Foundation PE
Tikehau Capital has taken a majority interest in dedicated Asia secondaries investor Foundation Private Equity, supporting the firm’s $110 million first close on its debut fund.
Warburg Pincus targets China distressed real estate
Warburg Pincus is entering the distressed real estate space in China through a $600 million partnership with Wensheng, a local special situations manager.
Longreach buys pulp and paper industry supplier from Navis
The Longreach Group has acquired a majority interest in Amazon Papyrus Chemicals Holdings, a Hong Kong-headquartered chemical solutions provider to the pulp and paper industry, from Navis Capital Partners.
Temasek, Multiples lead $192m Series F for India's Licious
Temasek Holdings and Multiples Alternate Asset Management have led a $192 million Series F funding round for Licious, an India-based online retailer specializing in fresh meat and seafood.
Indian online gaming business Winzo raises $65m
Winzo, and Indian gaming platform focused on online pool, rummy, poker, and fantasy sports has raised a $65 million Series C round led by US-based Griffin Gaming Partners.
Hong Kong NFT player adds $50m to funding round
Hong Kong’s Animoca Brands, a gaming company focused on blockchain-based non-fungible tokens (NFTs), has raised $50 million from a group including Gobi Partners and a VC unit of Samsung.
Faering leads $200m round for India's Digit Insurance
Indian private equity firm Faering Capital has led a $200 million round for local insurance company Digit Insurance at a valuation of $3.5 billion.
Australia institutional investors buy 49% in Telstra's towers unit
Future Fund, Commonwealth Superannuation Corporation, and Sunsuper have agreed to buy a 49% interest in Telstra’s Australian mobile tower network at a valuation of A$5.9 billion ($4.4 billion).
Pacific Century's insurtech business closes $180m Series A
Bolttech, a one-year-old company controlled by Pacific Century Group, has raised $180 million at a valuation of $1 billion. It is being called the largest-ever Series A round in insurance technology.
Australian rocket developer gets $45m Series C
Australian rocket developer Gilmour Space Technologies has raised a A$61 million ($45 million) Series C round featuring local investors Blackbird Ventures and Main Sequence Ventures.
Partners Group backs China's Apex Logistics
Partners Group has acquired a 24.9% stake in China’s Apex Logistics from its majority owner Kuehne+Nagel for an undisclosed sum as part of an expansion plan.
China's Didi targeted by regulators within days of bumper US IPO
Didi completed the largest PE-backed IPO in the US in seven years by a Chinese company, but its stock was pegged back within days of launch after the country's internet regulator moved against the ride-hailing platform.
Carlyle leads restructuring of Trans Maldivian Airways
The Carlyle Group’s credit platform has led a restructuring of Trans Maldivian Airways (TMA), a Bain Capital-owned seaplane operator whose fortunes are tied to those of the Maldives tourism industry.
Quadria backs India drug maker Encube Ethicals
A consortium led by healthcare-focused Quadria Capital has invested in Indian topical drugs maker Encube Ethicals, facilitating an exit for Multiples Alternate Asset Management.
Velocity hits first close on Southeast Asia travel fund
Velocity Ventures, a Singapore-based VC firm focused on travel and hospitality, has reached a first close on its debut fund. Commitments stand at 40% of the $20 million target.
Eight Roads launches $400m China healthcare fund
Fidelity-backed Eight Roads has launched a China healthcare fund with a corpus of $400 million, which will invest across the industry value chain and in areas related to critical diseases.
HutchMed soars on debut after $536m Hong Kong offering
HutchMed – formerly Hutchison China MediTech – saw its share price jump 50% on debut after raising HK$4.17 billion ($536.9 million) through a Hong Kong share offering.
Investcorp backs Hong Kong's Heritage Foods
Investcorp has made an investment of undisclosed size in Hong Kong-based Heritage Foods, which has a portfolio of condiment and sauce brands in Singapore, Malaysia, and Japan.
China's ZWC Partners raises $770m
Chinese venture capital firm ZWC Partners has closed its second US dollar-denominated fund at around $770 million, beating a target of $450 million.
India auto software provider LocoNav raises $37m
LocoNav, an Indian vehicle fleet software provider, has raised $37 million in Series B funding from a group of investors including Sequoia Capital India.
Taiwan’s Hive Ventures closes debut fund at $13.5m
Taiwan’s Hive Ventures has closed its debut seed fund with $13.5 million in commitments. It will invest locally and globally with a focus on artificial intelligence (AI).