News
Singapore's Zimplistic gets $30m Series C round
Singapore-based household automation technology developer Zimplistic has raised a $30 million Series C funding round led by Credence Partners and EDBI.
Ekuinas buys controlling stake in Southeast Asia's Flexi Versa
Malaysian government-backed PE firm Ekuinas has acquired a controlling stake in Flexi Versa Group (FVG), a Southeast Asian contract manufacturer catering to global consumer electronics brands.
BBVA backs China Sinovation Ventures' fourth fund
Spanish bank BBVA has committed $50 million to Chinese VC firm Sinovation Ventures’ latest US-dollar denominated fund.
India's Multiples loses CFO Prakash Nene
Prakash Nene, the managing director and CFO of Indian PE firm Multiples Alternate Asset Management, has resigned from the firm citing personal reasons.
Chinese big data firm MiningLamp gets $159m Series C
MiningLamp Software, a big data solutions provider in China, has raised a RMB1 billion ($159 million) Series C round of funding led by China Renaissance’s Huaxing Growth Capital and Tencent Holdings.
Samena invests in India hotel operator
Samena Capital has invested in Imperativ Hospitality, an India-based budget hotel management company that operates under the Bloom Hotels brand.
CITIC Capital acquires Chinese facility management service provider
China-focused GP CITIC Capital Partners has acquired a majority stake in Jiangsu Sky Facility Management (SkyFM), a Chinese facility management service provider, for an undisclosed sum.
Australia's QIC receives $427m super fund mandate
The global private capital division of Australia’s QIC has received a A$550 million ($427 million) private equity mandate from domestic superannuation fund Rest.
Sequoia seeks up to $3.1b for China, India
Sequoia Capital plans to raise up to $3.1 billion for deployment in China and India across seed, venture and growth strategies.
China's Qiming raises $1.39b across three VC funds
Qiming Venture Partners has closed two China-focused VC funds – including its sixth US dollar-denominated vehicle and fifth renminbi-denominated vehicle – and a newly-established US healthcare fund, with $1.39 billion in aggregate commitments.
Lone Star, India's Rattan to launch NBFC
Lone Star Funds and the RattanIndia Group will jointly invest INR26 billion ($400 million) to launch a new non-banking financial company (NBFC).
Australia's Archer abandons plans for new fund
Archer Capital, one of Australia’s largest private equity players, has abandoned plans to raise a sixth fund, with founding partner and CEO Peter Wiggs (pictured) set to retire from the firm.
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
CLSA backs MBO of Japan medical IT systems supplier
CLSA Capital Partners (CLSA CP) has supported a management buyout of NHOSA Corporation, which provides electronic health record (EHR) systems to dental clinics across Japan.
Blackstone agrees $396m deal for Australian panel business
The Blackstone Group will buy the panel repair business of Australia-listed automobile aftercare services and accessories provider AMA Group for an enterprise valuation of A$508 million ($396 million).
TPG hires Blackstone executive in Australia
TPG Capital has hired Malcolm Jackson, who currently works for The Blackstone Group in Singapore, as a managing director in its Australia and New Zealand team.
PAG targets $4.5b for third Asian fund
PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
Chinese healthcare SaaS platform raises $48m
Taimei Medical Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs), has raised RMB300 million ($48 million) in Series D funding.
WeWork buys PE-backed Naked Hub in Asia expansion drive
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
Brandon invests $6m in Australia medtech company
Brandon Capital has committed A$7.7 million ($6 million) to Australian medical technology developer Global Kinetics.
VCs invest $12m in US, Southeast Asia-based Element
A number of Asian VCs including MDI Ventures, a unit of Telkom Indonesia, have joined a $12 million Series A round for Element, a biometrics technology developer based in New York, Jakarta, and Singapore.
PAG backs Chinese-led acquisition of Japan's Takata
PAG Asia Capital has supported Chinese-owned auto components manufacturer Key Safety Systems (KSS) in its $1.59 billion acquisition of assets held by Takata Corporation, a Japanese company that filed for bankruptcy following a recall of faulty vehicle...
Allianz invests $35m in Indonesia's Go-Jek
Germany-based financial services giant Allianz Group has confirmed a $35 million investment in Indonesian ride-hailing and delivery platform operator Go-Jek.
IFC proposes $55m investment in Bangladesh's Pran
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $55 million commitment to Bangladesh-based food and beverage producer Pran Group.