News
KKR to buy Life Healthcare stake in India hospital JV
KKR has agreed to pay INR4.3 billion ($59.6 million) to South African hospital chain Life Healthcare Group for its stake in Max Healthcare, a hospital operator that it owns through a joint venture with Max India.
TPG, Goldman invest $70m in India's Livspace
Indian home design portal Livspace has raised $70 million in Series C funding led by TPG Growth, the middle market investment platform of TPG Capital, and Goldman Sachs.
Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
Investcorp makes China debut, backs Everbright fund
Investcorp, a Bahrain-listed asset manager, has made its first foray into China by committing $150 million to China Everbright’s New Economy Fund. There is an additional co-investment right of up to $100 million.
PE-backed WuXi AppTec targets Hong Kong listing
Wuxi AppTec, a contract pharmaceutical R&D services provider backed by several private equity investors, has filed for a Hong Kong listing less than four months after listing in Shanghai. The size and pricing of the IPO have yet to be decided, but the...
Hong Kong Asia Medical receives $150m from General Atlantic
Hong Kong Asia Medical, a privately-owned Chinese cardiology hospital operator, has received a $150 million investment from General Atlantic amid escalating interest from global investors toward China’s biotech and healthcare industry.
Hillhouse completes $10.6b fundraise
Hillhouse Capital has closed its latest fund – which will make healthcare, consumer, technology, and services investments globally, but with a focus on Asia – with commitments of $10.6 billion.
Chinese investors commit $50m to India’s Ola
Indian ride-hailing app Ola has raised a $50 million round of funding from Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF), a vehicle backed by the Chinese government to support the One Belt One Road (OBOR) initiative.
CDPQ to invest $364m in CLP India
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR26.4 billion ($364 million) in CLP India, the India subsidiary of China’s CLP Holdings.
Anacacia sells Australian chilled food business
Anacacia Capital has exited Yumi’s Quality Foods, an Australian chilled food manufacturer that it acquired in 2014, to George Weston Foods (GWF) for an undisclosed sum.
Hong Kong's Social Impact Partners closes second fund
Social Impact Partners (SIP), a Hong Kong-based venture philanthropy organization supported by several private equity firms, has closed its second fund with $2 million in commitments.
OPIC commits $150m to Quadria healthcare fund
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed $150 million to Quadria Capital II, the latest fund of healthcare-focused PE firm Quadria Capital.
Golden Gate closes SE Asia VC fund at $100m
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.
Ant Financial backs Chinese working hours tracking app
Anxinji, a Chinese app used by many of the country’s blue-collar workers to keep track of their working hours, has closed a Series B funding round led by Alibaba Group affiliate Ant Financial.
AIC wins domestic PE mandate from Chikyoren
Japan’s Pension Fund Association for Local Government Officials (Chikyoren) has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
SGX leads Series C for Hong Kong's Freightos
The Singapore Exchange (SGX) has led a $44.4 million Series C funding round for Freightos, a Hong Kong-based logistics technology platform that connects carriers with importers and exporters globally.
Silver Lake to invest $600m in Wanda-owned cinema chain
Silver Lake has invested $600 million in AMC Entertainment Holdings, a US cinema chain owned by Dalian Wanda Group, a once acquisitive Chinese conglomerate now said to be retreating from overseas markets.
Bain abandons buyout of Australia's BWX
Bain Capital Private Equity has abandoned its bid to acquire Australian skin and hair care product manufacturer BWX for A$810 million ($613 million).
Chinese auto after-sales services player Tuhu raises $450m
Tuhu, a Chinese B2C platform specializing in automobile after-sale services, has raised $450 million in a Series E funding round led by investors including Tencent Holdings, The Carlyle Group, and Sequoia Capital.
China's Qutoutiao soars on debut after $84m US IPO
Chinese news aggregator app Qutoutiao raised $84 million in a downsized US IPO – continuing a recent trend among Chinese tech start-ups – but then saw its stock price more than double on the first day of trading.
Beijing blockchain gaming platform receives $40m
Cocos-BCX, a Beijing-based blockchain game development platform, has raised $40 million from a group of strategic and VC investors to support its expansion plans.
Investors commit $234m to Alibaba, SAIC internet car venture
Yunfeng Capital, Shang Qi Capital, and China’s State Development & Investment Corporation (SDIC) have participated in a first round of funding worth more than RMB1.6 billion ($234 million) for Banma Network Technologies, a smart car joint venture established...
China healthcare big data platform gets $30m Series B
Weimai, a Chinese healthcare-focused big data platform that operates on a city-by-city basis, has received $30 million in Series B funding led by Cenova Ventures, Source Code Capital, Vision Plus Capital, and Matrix Partners China.
China Renaissance set for wealth management push
China Renaissance Holdings is planning an aggressive push into wealth management services, targeting high net worth individuals in China’s new economy, with proceeds from its upcoming Hong Kong IPO.