News
ChrysCapital invests $20m in India's Curatio
ChrysCapital has invested $20 million in Indian skin and hair products producer Curatio, providing a partial exit for its private equity backer Fulcrum Ventures.
MDI leads $10m round for Australia's Whispir
MDI Ventures, the corporate VC arm of state-controlled telecommunications firm Telkom Indonesia, has led a $10 million funding round for Australian communications platform Whispir.
China investors eye carve-out opportunities
Private equity investors continue to look overseas for control deals that have a China angle, but they expect to see greater domestic activity too as multinationals divest China operations in the face of a challenging operating environment.
China’s Linmon Pictures raises Series C
Linmon Pictures, a Shanghai-based boutique entertainment studio, has raised a Series C round of funding from domestic PE firms Hanfor Capital, CQY Capital and Wuniu Capital.
Cathay Capital, OrbiMed sell Echosens stakes to Astorg
Cathay Capital Private Equity and OrbiMed have exited Echosens, a France-based medical diagnostic equipment company owned by China’s Inner Mongolia FuRui Medical Science, to European PE firm Astorg.
Warburg Pincus to invest $370m in Vietnamese lender
Warburg Pincus is set to make another substantial investment in Vietnam, having agreed to inject $370 million into Vietnam Technological & Commercial Joint Stock Bank (Techcombank, TCB).
Tikehau makes $50m first close on Singapore healthcare fund
European asset management firm Tikehau Capital has reached a first close of $50 million on a healthcare-focused early stage investment fund.
Australia's Future Fund creates chief technology officer role
Australia’s Future Fund plans to hire a chief technology officer (CTO), part of whose remit will be to work with the investment team to develop technology solutions that support investment decision-making.
Hong Kong's EmergeVest makes UK logistics acquisition
Hong Kong-based EmergeVest – a PE firm established by former executives from HSBC’s Asia principal investments division – has made its seventh logistics acquisition in the UK with the purchase of CM Downton for GBP75 million ($103 million).
China’s JW Therapeutics gets $90m Series A round
JW Therapeutics, a China-based clinical stage biopharmaceutical company, has raised $90 million in a Series A round of funding led by Temasek Holdings, Sequoia Capital China, and Yuan Ming Capital.
Singtel Innov8 launches Singapore cybersecurity incubator
Singtel Innov8, the venture arm of Singapore telecom giant SingTel has teamed up with NUS Enterprise, a start-up program under National University of Singapore, to launch a cybersecurity incubator.
Shunwei leads $100m round for China’s Kujiale
Shunwei Capital has led a $100 million Series D round of funding for Kujiale, a Chinese home design and decoration site, with participation from Temasek Holdings-owned Pavilion Capital.
Burda leads $19m round for Malaysia's Carsome
Burda Principal Investments, the investment arm of European technology and media company Hubert Burda Media, has led a $19 million Series B round for Malaysian online used car marketplace Carsome.
Abraaj releases LPs from commitments to latest fund
The Abraaj Group is releasing investors from commitments made to its latest flagship fund – which targets growth markets in Asia and other regions – having previously decided to suspend the fundraising process in the wake of governance concerns.
Tencent joins $462m Series B for China’s Huya
Tencent Holdings has participated in a $461.6 million Series B funding round for Huya, a VC-backed Chinese game broadcasting subsidiary of US-listed social networking platform YY.
Uber's Kalanick launches fund, targets China and India
Uber co-founder Travis Kalanick, who left his position as CEO of the company last year following a string of controversies, is launching an investment fund that will focus in part on China and India.
Longreach to buy Japanese coffee shop business
The Longreach Group has finalized the first investment from its third fund with an agreement to buy Japanese coffee shop chain Kohikan Corporation.
CSRC eases rules for VC firms to exit start-ups
Shares held by venture capital investors will be subject to a shorter lock-up period after their portfolio companies list on Chinese stock exchanges in a move designed to encourage long-term investment.
Korea Post seeks managers for global co-investment
Korea Post plans to commit $200 million across two funds that offer global private equity co-investment exposure.
India's Prime closes third early-stage fund at $62m
Indian VC firm Prime Venture Partners has closed its latest early-stage fund at INR4 billion ($62 million).
Fenox joins Japan's Aisin for $50m automotive fund
US-based VC firm Fenox Venture Capital has partnered with Japan-based automotive parts and systems maker Aisin Group to launch a $50 million investment vehicle aimed at automotive-related technology start-ups.
Global Brain backs $30m investment in Singapore's Electrify
Japan’s Global Brain has participated in a token sale that raised $30 million for Electrify, a Singaporean electricity marketplace using blockchain technology. The company claims the sale received offers in excess of $1.3 billion.
China video-streaming player Bilibili files for US IPO
Bilibili, a China-based video-streaming platform backed by a handful of PE and strategic investors, has filed for an US IPO.
Matrix backs China consumer-focused genetic testing player
Matrix Partners China has led a RMB100 million ($15.8 million) round for 23Mofang, a Chinese genetic testing services provider.