News
PEP raises continuation fund for New Zealand's Up Education
Australia's Pacific Equity Partners (PEP) has raised a single-asset continuation fund of approximately AUD 400m (USD 268m) for Up Education, a vocational education business it has held since 2015.
China ride-hailing platform T3 gets $140m Series A extension
T3 Go, a Chinese ride-hailing platform looking to challenge incumbent market leader Didi Chuxing, has raised more than CNY 1bn (USD 140m) in an extended Series A round of funding.
Singapore's Mirxes raises $50m, files for Hong Kong IPO
Singapore-based biotech player Mirxes has raised USD 50m in Series D funding - at a post-money valuation of USD 600m - from the likes of Beijing-based Fupu Capital and Japan's Mitsui & Co, and filed to list in Hong Kong.
US sports, media-focused GP backs Australia's PMY Group
Bluestone Equity Partners, a US private equity firm specialising in sports and media, has made an investment of undisclosed size in Australia’s PMY Group, an IT provider for stadiums and arenas.
Astra leads Series D for Indonesia health-tech player Halodoc
Indonesia-based healthcare technology platform Halodoc has completed its Series D round with USD 100m in commitments. It comes more than two years after the company raised USD 80m in Series C funding.
Olympus part-exits Singapore's Constant Energy via trade sale
Olympus Capital Asia has made a partial exit from Singapore-based renewables platform Constant Energy through a sale to Europe-headquartered Virya Energy.
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.
Hong Kong's Immuno Cure raises $27m
Hong Kong’s Immuno Cure BioTech, a vaccine and antibodies developer focused on cancers, inflammatory and infectious diseases, has raised USD 27m in Series A funding featuring Gobi Partners.
BPEA EQT buys India fertility clinic business
BPEA EQT has agreed to acquire a controlling stake in Indira IVF, India’s largest fertility clinic chain, facilitating an exit for minority investor TA Associates.
India's Together seeks $150m for second VC fund
India’s Together Fund, an early-stage VC firm focused on artificial intelligence (AI) and software-as-a-service (SaaS), has reached a first close of undisclosed size on its second fund. The target is $150m.
DCP sells MFS Technology to Chinese strategic for $460m
DCP Capital Partners has agreed to sell MFS Technology, a manufacturer of customised printed circuit boards (PCB) that has a presence across Asia, to Shenzhen-listed Victory Giant Technology for USD 460m.
Australia GP stakes investor Pacific Current gets buyout offer
Pacific Current Group, a listed Australian asset manager that takes economic interests in third-party investment managers, has become the subject of a bidding war between two industry peers.
Singapore's GIC emphasises infrastructure, sustainability
Singapore’s GIC is leaning towards infrastructure and sustainability-related assets as part of efforts to ensure portfolio resilience in the face of continued disruption driven by inflation, chronic geopolitical risk, and rising interest rates.
China’s VectorBuilder becomes unicorn, files for Shanghai IPO
China-based gene delivery technology player VectorBuilder has topped up its Series C round - achieving unicorn status in the process - and filed for an IPO on Shanghai’s Star Market.
Goodwater raises $1b across two funds
Goodwater Capital, a US-based VC firm with a presence in Korea and significant Asia exposure, has raised USD 1bn across two funds. It brings assets under management to USD 3.3bn.
TDK backs India smart factory start-up
TDK Ventures has invested an undisclosed sum in India’s Infinite Uptime in an apparent extension of a Series B round that has raised more than USD 24m to date.
AGIC buys French beauty packaging player
AGIC Capital, a specialist in Asia-Europe cross-border deals, has acquired Pure Trade, a Paris-headquartered packaging supplier to the global beauty industry.
China polymer specialist Topolefin secures $139m Series B
Chinese polymer materials developer Topolefin Technology has raised CNY 1bn (USD 139m) in Series B funding led by local private equity firms Raystone Capital and KingRay Capital.
TNB Aura leads $17m Series A for Vietnam's Gimo
TNB Aura has led a USD 17.1m Series A round for Gimo, a Vietnam-based start-up that operates a wage access platform aimed at underbanked workers.
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.
Australia's Main Sequence hits $305m first close on Fund III
Australian deep tech VC firm Main Sequence has reached a AUD 450m (USD 305m) first close on its third fund, bringing overall funds under management to about AUD 1bn.
Aspirant exits Japanese fish retailer to local strategic
Japanese middle market private equity firm Aspirant Group has sold Yamato, a local seafood company with interests stretching from fish wholesaling to conveyor belt sushi restaurants, to kitchen-wear supplier Tenpos HD.
Asia-based football investment platform backs England's Charlton Athletic
ACA Football Partners (ACAFP), an investment platform established by professionals from Singapore-based ACA Investments, is part of a consortium that has acquired English football club Charlton Athletic.
Australia's Silicon Quantum Computing raises $34m
Australian quantum computing company Silicon Quantum Computing (SQC) has raised a AUD 50m (USD 34m) Series A round featuring Telstra, falling short of a AUD 130m target.