News
NSI in $13m round for Singapore's Love Bonito
NSI Ventures has taken part in a $13 million Series B round of funding for Singapore-based lifestyle brand Love Bonito.
Chinese auto financing site raises $92m Series B round
Meliche Jinrong, the online auto finance subsidiary of Chinese consumer loans site Meili Jinrong, has raised a $92 million Series B round led by local agribusiness player New Hope Group.
Japan's Polaris to buy Fujitsu mobile phone unit
Japanese middle market GP Polaris Capital has agreed its second corporate carve-out in three months with a deal to buy Fujitsu’s mobile devices business.
Proterra buys Australia agriculture assets
One Tree Agriculture, an Australia-based agriculture investor owned by Proterra Investment Partners, has purchased three farm properties in New South Wales.
Asia VCs invest $10m in US-Singapore biotech player
A group of VCs led by China’s 6 Dimensions Capital and Sino-US investor Danhua Capital (DHVC) has committed $10 million to US and Singapore-based Engine Biosciences.
Blackstone bids for Australian auto panel repair business
The Blackstone Group has offered to buy the panel repair business of Australia-listed automotive aftercare services and accessories provider AMA Group for an enterprise valuation of A$530 million ($427 million).
Cooley hires fund formation partner in Beijing
Cooley has hired Xun Zeng as a resident partner in its newly opened Beijing office. Zeng joins from Ropes & Gray in Hong Kong, where she was a counsel in the private investment funds group.
Ping An healthcare app files for Hong Kong IPO
Ping An Healthcare & Technology - the PE-backed business that runs the healthcare-focused mobile app known as Ping An Good Doctor in China - is seeking a separate listing in Hong Kong from its parent company Ping An Insurance.
Japan Post entities form joint PE investment unit - update
Japan Post Bank and Japan Post Insurance have agreed to form a joint asset management company that will make direct private equity investments, mostly in partnership with GPs.
SCPE exits India power business via buyback
Standard Chartered Private Equity (SCPE) has sold its stake in Sterlite Power, the power grid subsidiary of Sterlite Technologies, an India-listed transmission solutions provider for the telecom and power industries, via a buyback.
Accel invests $50m in India’s BrowserStack
Accel Partners has invested $50 million in BrowserStack, an Indian IT company that supplies enterprise clients with internet and mobile software testing infrastructure.
Creador invests in Vietnam's Mobile World
Creador has completed its first investment in Vietnam, committing VND994 billion ($43.8 million) to Mobile World, the country’s leading mobile device and consumer electronics retailer.
Spiral raises $64m for debut Japan VC fund
Japan-focused Spiral Ventures – known as IMJ Investment Partners until spinning out from its corporate parent last year – has closed its debut fund at JPY7 billion ($64 million).
China electric car maker Xpeng raises $348m
Xpeng Motors, a Chinese electric car manufacturer, has completed a RMB2.2 billion ($348 million) Series B round of funding led by Alibaba Group, Foxconn Technology Group, and IDG Capital.
TPG acquires China hotel assets
TPG Capital, along with Chinese hotel manager China Lodging Group, has acquired two Beijing hotels for RMB1.2 billion ($186 million).
Partners Group nets 3.2x on Japan Solar through Equis Energy sale
Partners Group has confirmed a 3.2x return on its investment in Japan Solar as part of a previously announced larger Asia energy acquisition by Global Investment Partners (GIP).
COPE exits Malaysia-based Serba Dinamik with 8.9x return
COPE Private Equity, previously known as CMS Opus Private Equity, has completed its exit from Malaysian oil and gas services provider Serba Dinamik Holdings with a gross 8.9x money multiple and a 79.2% IRR.
Mekong secures final exit from Vietnam's Mobile World
Mekong Capital has ended its more than 10-year association with Vietnamese mobile phone retailer Mobile World, completing the last of multiple partial exits to secure an overall return on its investment of 57x.
Vertex leads $5m round for Malaysia's StoreHub
StoreHub, a Malaysia-based business that helps retailers digitize their operations, has raised a $5.1 million Series A round of funding led by Vertex Ventures.
Chinese banks to launch debt-for-equity swap funds
Chinese banks will be allowed to raise capital from third-party investors to participate in debt-for-equity swap programs as regulators look for additional ways to alleviate the country’s corporate debt problem.
Permira to buy Australia's I-Med from EQT
Permira is set to make its first investment in Australia after reaching an agreement with EQT Partners to acquire I-Med Radiology Network.
Affinity, BRV support Shinsegae e-commerce spin-out
Affinity Equity Partners and BRV Capital Management are supporting a spin-out of assets owned by South Korean retail conglomerate Shinsegae Group, which will see more than KRW1 trillion ($940 million) invested in a new e-commerce unit.
VCs back Singapore's Bluzelle in $19.5m ICO
A group of venture capital firms specializing in blockchain technologies, including Hong Kong’s Kenetic Capital, has joined a $19.5 million initial coin offering (ICO) investment in Singapore-based database provider Bluzelle.
Chinese financial services platform concludes $63m Series B
Huisuanzhang, a Chinese finance and tax management software developer, has completed a RMB400 million ($63 million) Series B round of funding across two tranches.