News
Alibaba fund leads $10m Series A for Hong Kong's Grana
Hong Kong-based online fashion start-up Grana has raised a $10 million Series A round led by the Alibaba Group's Hong Kong Entrepreneurs Fund.
Longreach agrees Japan BPO carve-out from Olympus
The Longreach Group has agreed to Nippon Outsourcing Corporation, a business process outsourcing (BPO) subsidiary of Olympus Corporation. The transaction size was not disclosed.
PE-backed ZTO Express files for US IPO
China-based logistics operator ZTO Express has filed for an IPO in the US. Sequoia Capital and Warburg Pincus are the most significant private equity backers with stakes of 7.2% and 6.1%, respectively.
J-Star buys Japan aged care services provider
J-Star will take control of Japanese aged care provider Live Cross through a bolt-on acquisition by the firm’s existing portfolio company Kairos Tokyo.
CDPQ to invest $700m in Edelweiss for India credit deals
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest up to $700 million in Edelweiss Group for investments in private debt in India.
VIG invests in Korean funeral services provider
VIG Partners – formerly known as Vogo Investment – has secured the first investment from its third fund with an agreement to buy a controlling stake in Good Sangjo, a Korean funeral services provider, for KRW65 billion ($58.6 million).
SBCVC invests in listed visual effects business Digital Domain - update
SBCVC and the Hong Kong-listed unit of Chinese conglomerate CITIC Group have agreed to invest as much as HK$368 million ($47 million) investment in Digital Domain, which has interests in media and entertainment.
PE-backed Continental Warehousing files for India IPO
Indian logistics provider Continental Warehousing has filed for a domestic IPO, setting up The Abraaj Group for a full exit. Warburg Pincus is expected to make a partial exit.
PE investors set for partial exits in Genesis Colors' India IPO
Indian fashion brand manufacturer and distributor Genesis Colors has filed an IPO that will provide a partial exit for private equity backers including Henderson Equity Partners, Mayfield India and InnoVen Capital.
Japan's INCJ invests $102.6m in domestic VC funds
Innovation Network Corporation of Japan (INCJ) has committed up to JPY10.4 billion ($102.6 million) to funds managed by domestic VC firms MedVenture Partners and Universal Materials Incubator.
Eight Roads leads $12m round for Japan's Toreta
Eight Roads Ventures Japan has led a JPY1.2 billion ($11.8 million) investment in Toreta, a Tokyo-based reservation and customer management platform aimed at restaurants.
Ant Capital buys Japanese cosmetics business
Ant Capital Partners has acquired Japan-based Sojitz Cosmetics for an undisclosed sum. The business will be renamed Kagayaku Cosmetics.
Glenwood, NH agree $561m sale of Korea's Tongyang Magic
Glenwood Private Equity and NH Private Equity have agreed to sell Korean consumer appliances manufacturer Tongyang Magic to SK Networks for KRW619 billion ($561 million).
China's Zoomlion launches $481m industry investment fund
Zoomlion Heavy Industry Science and Technology, a China-based construction machinery maker, has launched an industry PE fund with an overall target of RMB3.21 billion ($481 million).
Korea's Viva Republica gets $23.7m Series B
Goodwater Capital and Qualcomm Ventures have led a $23.7 million Series B funding round for South Korean financial technology provider Viva Republica.
Denmark's NKT sells China cables business to local GP
CAC Capital Management, a China-based private equity firm, has agreed to buy the local power cables business of Denmark-headquartered industrial conglomerate NKT for an enterprise value of EUR14.3 million ($16 million).
OneVentures commits $6.1m to Australia's MCRI
Australian life sciences and technology-oriented venture capital firm OneVentures has committed A$8 million ($6.1 million) to Melbourne-based Murdoch Childrens Research Institute (MCRI).
EDBI in $40m round for US-based Shape
EDBI, the corporate VCs arm of Singapore's Economic Development Board, has joined a $40 million Series D round for Shape Security, a US-based provider of online security technology.
Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.
Hong Kong hospitality technology firm Tink Labs raises $125m
Tink Labs, a Hong Kong-based start-up that provides hotel guests with free smart phones, has raised $125 million in a new round of funding led by existing investor FIH Mobile, a Hong Kong-listed unit of Taiwan’s Foxconn Technology Group.
Sequoia leads $51m round for Indian data security firm Druva
Sequoia Capital has led a $51 million funding round for Indian cloud data security and information management solutions provider Druva.
Huasheng leads round for China education site Zmlearn
Huasheng Capital, a private equity firm established by financial advisor China Renaissance, has led a Series C round of funding for Zmlearn.com, a Chinese K-12 online learning and teaching platform.
CDH to make partial exit through Baroque Japan IPO
Baroque Japan, an apparel business majority-owned by CDH Investments and Chinese women’s shoe retailer Belle International, is seeking to raise around JPY30.86 billion ($307 million) through a Tokyo IPO.
India's SIS files for IPO, CX set for partial exit
CX Partners is on course to make a partial exit from India-based Security & Intelligence Services (SIS) as part of the company’s domestic IPO.