News
PE exposure helps Asian family offices outperform peers - survey
Asian family offices outperformed their counterparts globally in 2017 thanks to their relatively high exposure to private equity and emerging market public equities, according to a survey.
TPG, SoftBank Ventures Korea team up for $300m China fund
TPG Capital and SoftBank Ventures Korea are launching a $300 million China fund that will invest in start-ups focusing on technology, media, and the internet.
CLSA co-leads funding round for Taiwan's ACT
CLSA Capital Partners (CLSA CP) has co-led a funding round of undisclosed size for ACT Genomics, a Taiwan-based developer of genetic sequencing and diagnostic services.
Eight Roads leads Series C for India's PharmEasy
Indian online pharmacy PharmEasy has raised a $50 million Series C funding round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.
China signals easing of listing rules for tech companies
China has issued guidelines for domestic listings by pre-profit technology start-ups as well as companies with weighted voting rights (WVR) structures that allow founders to retain control despite dilution of their shareholdings.
J-Star buys Japanese fashion retailer
Japanese mid-market private equity firm J-Star has acquired Wego, a domestic fashion brand that has 185 stores nationwide and annual sales of more than JPY35 billion ($310 million).
KKR creates China hospital platform
KKR has launched a China hospital management and investment platform – known as SinoCare Group – that will pursue a consolidation strategy in the space through a combination of acquisitions and new builds.
SoftBank, Sequoia back $1b round for India's Oyo
India-based online hospitality platform Oyo has raised a $1 billion funding round aimed at supporting domestic and overseas expansion from existing investors including SoftBank Vision Fund and Sequoia Capital India.
India's Pi Ventures closes early-stage fund at $31m
Pi Ventures, an Indian early-stage investor focused on artificial intelligence (AI) and machine learning, has closed its debut fund at INR2.25 billion ($30.9 million).
GLP to invest in Everstone’s India logistics JV
IndoSpace, an Indian industrial and logistics facility developer backed by Everstone Group, has formed a local partnership with GLP that will see the warehouse developer invest in IndoSpace Core, its joint venture with Canada Pension Plan Investment Board...
China’s Maison secures $200m for US dollar fund
Chinese growth capital private equity firm Maison Capital has closed its first US dollar-denominated fund at $200 million.
AVCJ daily bulletin returns September 26
There will be no AVCJ bulletin on September 25 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.
Hahn & Co-owned Hanon agrees $1.2b bolt-on acquisition
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
Australia's AVCAL appoints local LP as new chair
The Australian Private Equity & Venture Capital Association (AVCAL) – which will be known as the Australian Investment Council from next year – has appointed its first chairperson from the local institutional investor community.
CVC to buy legal services provider UnitedLex
CVC Capital Partners has agreed to acquire a majority stake in UnitedLex, a legal process outsourcing firm based in the US, with significant operations in India, and backed by investors including Madison Capital, Helion Venture Partners, and J.P. Morgan...
Affinity to acquire Australia's Scottish Pacific for $446m
Affinity Equity Partners has agreed to acquire Australia-listed debt and trade finance provider Scottish Pacific in a deal worth approximately A$612 million ($446 million).
Japan payments player Origami raises $60m Series C
Origami, a Tokyo-based mobile payments platform, has raised JPY6.6 billion ($60 million) in Series C funding from investors including SBI Investment, Union Pay International, Mitsui Sumitomo Card, and Credit Saison.
Chinese B2B liquor trading platform gets $200m Series C
Tencent Holdings and Meituan-Dianping have led a $200 million Series D funding round for business-to-business (B2B) online liquor trading platform Yijiupi.
Samara to buy India's Aditya Birla Retail
Samara Capital has agreed to buy Aditya Birla Retail (ABRL), the retail arm of India’s Aditya Birla Group, for an undisclosed amount.
AGIC exits Italian robotics business for $436m
AGIC Capital, a private equity firm focused on cross-border investments, has exited its stake in Italian robotics supplier Gimatic to US-based industrial products manufacturer Barnes Group for EUR370 million ($436 million) in cash.
Shunwei leads $23m round for Chinese robotics player
Shunwei Capital has led an RMB160 million ($23 million) Series B round of funding for Rokae, a Chinese industrial robotics developer, with participation from GSR Capital, THG Ventures and Plum Ventures.
China's HighLight to exit US-based biotech player Bonti
Chinese healthcare-focused GP HighLight Capital is set to exit its position in US-based biotechnology company Bonti after Allergan agreed to acquire the business for $195 million, plus additional payments if certain development targets are met.
Meituan-Dianping gains on debut after $4.2b Hong Kong IPO
Chinese online-to-offline (O2O) lifestyle services platform Meituan-Dianping gained 5.3% on its trading debut in Hong Kong following a HK$33.1 billion ($4.2 billion) IPO.
Warburg Pincus commits $400m to China logistics business
Warburg Pincus has committed half of an $800 million round for Shanghai-based warehousing and logistics company NewEase China, which focuses on improving shipments through domestic airports and urban hubs.