News
Blackstone invests $79m in India's FLF
The Blackstone Group has invested INR5.4 billion in India-listed integration retailer Future Lifestyle Fashions (FLF) through an open market transaction.
Kaizen commits $10m to Vietnam's Yola
Indian education-focused GP Kaizen Private Equity has made its first investment in Vietnam, committing $10 million to English training company Yola.
TPG, Fosun sell China hospital business to Antony Leung's SPAC
TPG Capital and Fosun Pharma have agreed a $1.3 billion deal that will see Chinese hospital operator United Family Healthcare (UFH) absorbed by a special purpose acquisition company (SPAC) established by Antony Leung, formerly Greater China chairman at...
Ascendent reaches $700m first close on third China fund
Ascendent Capital Partners has reached a first close of approximately $700 million on its third China fund, which will follow the existing strategy of building a relatively concentrated portfolio of minority and control investments.
Singapore hotel platform RedDoorz gets $45m Series B
Singapore-based hotel management and booking platform RedDoorz has raised $45 million in a Series B round led by China’s Qiming Venture Partners.
Alteria closes debut India venture debt fund at $140m
Alteria Capital, an Indian venture debt firm established by InnoVen Capital co-founders Ajay Hattangdi and Vinod Murali, has closed its debut fund at INR9.6 billion ($140 million), beating the INR8 billion target.
Norwest leads $40m Series C for India's MindTickle
Norwest Venture Partners has led a $40 million Series C round for MindTickle, an online sales enablement platform based in India and the US.
China Renaissance collects $943m for renminbi fund
China Renaissance has closed the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm with more than RMB6.5 billion ($943 million) in commitments.
Gates Foundation, global insurers back Indonesia's Halodoc
The Bill & Melinda Gates Foundation has made a rare direct investment in Southeast Asia, participating in an extended Series B round for Indonesian healthcare technology provider Halodoc.
Japan space tech start-up raises $100m
Synspective, a Japan-based satellite developer and orbital data services provider, has raised $100 million in a Series A round with participation from a group including SBI Investment.
SAIF exits as PepsiCo invests $130m in Chinese food distributor
Pepsico has agreed to invest HK$1.02 billion ($130 million) in Natural Food International, a Hong Kong-listed health food distributor, providing a full exit for SAIF Partners.
Aion to invest $44m in India's Future Lifestyle
Aion Capital Partners has agreed to invest INR3 billion ($43.5 million) in India-listed integrated fashion retailer Future Lifestyle Fashions (FLF).
China's SAIC Capital closes $145m auto industry fund
SAIC Capital, an investment manager controlled by Chinese automaker SAIC Motor, has raised a RMB1 billion ($145 million) fund that will target deals throughout the automotive industry supply chain.
SoftBank expects at least $108b for second Vision Fund
SoftBank Group is set to establish its second Vision Fund focused on artificial intelligence (AI) with about $108 billion in initial commitments.
KKR prepares for fundraising spree
KKR expects to begin raising its fourth Asian fund within the next 18 months as its three largest vehicles globally all come back to market.
Legal tech segment to see consolidation
Rapid growth in the legal tech segment globally will create M&A opportunities as the market consolidates, according to Dan Jansen, CEO of US-based specialist investor Nextlaw Ventures.
Toyota invests $600m in China's Didi
Japan’s Toyota Motor Corporation has agreed to invest $600 million in Chinese ride-hailing giant Didi Chuxing and to expand their joint venture focused on services for Didi’s drivers.
Bain forms Asia data center platform
Bain Capital has become the latest private markets investor to back a pan-Asian data center platform with the merger of existing portfolio companies covering China, Southeast Asia, and India.
PE investors exit The Coffee Bean & Tea Leaf to Jollibee
Advent International, CDIB Capital and Mirae Asset Private Equity are set to exit US-based cafe chain The Coffee Bean & Tea Leaf after the Philippines’ Jollibee Foods agreed to pay $350 million for the company.
Australia establishes wine industry accelerator
South Australia is launching an accelerator program to help start-ups in the wine and tourism industries take advantage of new technologies.
Sequoia, Lightspeed make partial exits from India's Oyo
Sequoia Capital India and Lightspeed India Partners have made a partial exit from India-based online hospitality platform Oyo through a $2 billion round comprising primary and secondary shares. The round brings the company’s valuation to around $10 billion....
Accel leads $25m round for India's Drip Capital
Drip Capital, an India-based trade finance provider targeting small and medium-sized enterprises (SMEs) in emerging markets, has raised a $25 million Series B round led by Accel Partners.
IMM reaches $1.3b first close on Fund IV, strikes two deals
Korea’s IMM Private Equity has hit the $1.3 billion mark with a first close on its fourth fund, with contributions from international LPs added to the core domestic support. The manager has already put $450 million to work across two deals.
Investcorp raises $145m for IDFC India PE fund
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.