Queensland Investment Corporation (QIC) has agreed to acquire 100% of Australian marine logistics provider Sea Swift, facilitating exits for CHAMP Ventures and HarbourVest Partners.
Consortiums led by Hopu Investment and Hillhouse Capital are competing for a 15% interest in Gree Electric Appliances against a backdrop of tensions between the Chinese company's CEO and its state-owned parent.
KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.
PAG has agreed to pay RMB3.8 billion ($532 million) for a 58% stake in a biotech unit of Zhejiang Hisun Pharmaceutical. It is being called the largest PE investment in China’s biotech space to date.
Permira bought aircraft parts distributor Topcast Aviation Suppliers in expectation of robust business growth as Asian fleets increase in size and age. Further upside could come through consolidation
US venture debt provider Partners for Growth (PFC) has completed its first deal in Indonesia – and one of its largest in Asia Pacific – by extending a $20 million credit line to digital credit start-up Kredivo.
Manulife Investment Management has appointed Myron Zhu (pictured), formerly co-head of PE at Aberdeen Standard Investments, as its head of Asia private markets based in Hong Kong.
Quan Capital, a healthcare-focused venture capital firm established by the founder of US-listed Chinese drug developer Zai Lab, has closed its second fund with $275 million in commitments.
CDIB Capital has appointed Alex Ying, who previously spent nearly 20 years with The Carlyle Group, as head of its newly created buyout group.
Princeton Digital Group, a Singapore-based data center developer backed by Warburg Pincus, has confirmed three project acquisitions across Asia as part of a $500 million regional expansion.
Sequoia Capital China has led an $82 million Series E round for Culture Amp, an Australian enterprise technology provider focused on human resources (HR).
Chinese early-stage investor Chuxin Capital has completed a $50 million first close on its debut US dollar-denominated fund.
Temasek Holdings and EV Growth have led a $40 million Series D investment in Social Bella, an Indonesian online services provider for the beauty and lifestyle industry.
Indian B2B online marketplace Udaan has raised more than $300 million as part of an ongoing Series D round from investors including GGV Capital, Hillhouse Capital, and Silicon Valley-based Altimeter Capital.
Baidu spin-out Xiang He Capital draws on networks and experience from the corporate sphere to differentiate itself in China’s VC market. It has $425 million in dry powder to put this proposition to the test
Mary Ma, the long-serving Lenovo Group executive who forged a second career in private equity with TPG Capital and Boyu Capital, has died aged 66.
Indian automotive conglomerate Mahindra & Mahindra has agreed to acquire an up to 55% stake in Meru Cab, a technology-enabled taxi company backed by True North.
Qiming Venture Partners has led a $30million Series C round for Huimei Technology, a Chinese developer of artificial intelligence-enabled (AI) medical solutions provider.
Caisse de dépôt et placement du Québec (CDPQ) has agreed to join Brookfield Asset Management in its buyout of Australian hospital operator Healthscope, taking a significant minority stake for a consideration of more than A$300 million ($202 million).
CHAMP Private Equity, which makes growth and buyout investments in middle-market companies across Australia and New Zealand, has been renamed CPE Capital.
Chezhubang, a car fueling services app provider, has raised Series B funding of RMB450 million ($62.8 million), jointly led by China’s National Small Medium Development Fund and Oriental Fortune Capital.
China-based food and agriculture specialist Hosen Capital is looking to raise $750 million for its fourth fund.
VIG Partners has agreed to sell Korean parking management business HiParking to Humax, a consumer electronics manufacturer, for KRW170 billion ($141 million).
Plum, a China-based e-commerce platform that sells second-hand fashion brands has received $20 million in an extended Series B round led by Japanese internet company Recruit Holdings.