News
VC-backed Komli to sell India business to SVG
VC-backed digital media firm Komli Media has agreed to merge its India business with that of industry peer SVG Media. This follows the sale of Komli’s Southeast Asia unit to Malaysia-based Axiata Group.
Shanghai Pharma establishes $469m healthcare fund
Chinese drug maker Shanghai Pharmaceuticals Group has partnered with Shanghai Real Power Capital to launch a healthcare-focused fund with a target of RMB3 billion ($469 million).
Gobi leads $5.7m Series A for Thailand's Eko
Gobi Partners has led a $5.7 million Series A round of funding for Bangkok-based Eko Communications, developer of workplace messaging app Eko.
India's StartupXSeed launches $4.5m venture fund
Indian seed-stage venture investment firm StartupXSeed has launched a VC fund, with an initial corpus of INR300 million ($4.5 million), to invest in Indian technology start-ups.
PEP completes exit from Australia-listed Spotless
Pacific Equity Partners (PEP) has completed its exit from Australian cleaning and catering contractor Spotless Group – which it privatized in 2012 and re-listed last year – through a A$374.3 million ($268.6 million) block trade.
Global Brain backs Japan 3D printing start-up
Global Brain has committed JPY400 million ($3.3 million) to Japan-based Kabuku, which runs the 3D printing service Rinkak.
OCBC closes debut SME-focused PE fund at $392m
Singapore's OCBC Bank has closed its debut small and medium-sized enterprise-focused fund at S$550 million ($392 million).
JD Capital plans reverse merger with Shanghai-listed firm
China’s JD Capital, formerly Jiuding Capital, is seeking to list on Shanghai’s main board through a reverse merger with publicly-traded property developer Jiangxi Zhong Jiang Real Estate.
Vogo buys Korean lifestyle product maker Bodyfriend
Vogo Investment has acquired a controlling stake in Bodyfriend, South Korea's largest maker of massage chairs and other lifestyle products, in a management buyout.
China's Dalian Wanda buys World Triathlon from Providence
Chinese conglomerate Dalian Wanda Group has agreed to buy World Triathlon Corporation (WTC), the leading global operator of Ironman events, from Providence Equity Partners for $650 million.
Chinese food-ordering platform Ele.me raises $630m
Ele.me, a Chinese online food-ordering platform, has raised $630 million from a combination of new and existing investors. The investment reportedly values the business at more than $3 billion.
Intel Capital invests $60m in China drone maker Yuneec
Intel Capital has committed more than $60 million in Yuneec International, a Chinese drone manufacturer.
Good Resources commits $93m to finance Go Scale's Lumileds deal
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kinming Cheng, has agreed to contribute $93 million to the PE-led acquisition of Lumileds, the LED components and automotive lighting unit of Dutch electronics...
Denham, Nexif form SE Asia power investment platform
Denham Capital has partnered with Singapore-based power management company Nexif to form an investment platform that will commit more than $200 million to energy projects in Southeast Asia.
Cathay invests in Chinese architecture consulting firm
Sino-French PE firm Cathay Capital has invested an undisclosed sum in China Construction Design International (CDDI), a private architecture and engineering consulting firm.
Partners Group-owned Trimco buys A-Tex from Polaris
Trimco, a Hong Kong-headquartered garment label manufacturer controlled by Partners Group, has agreed to buy industry peer A-Tex from Europe-based Polaris Private Equity.
Times Internet backs Coursera, supports India expansion
Times Internet, an Indian internet and mobile service provider that has backed several local start-ups, has joined a $49.5 million first close of a Series C round for US-based online education provider Coursera.
CGN PE, Morrison & Co in first close on China renewables fund
JIDA Capital Partners, an investment arm of New Zealand’s HRL Morrison & Co, and Shenzhen-based CGN Private Equity have reached a first close of RMB1.87 billion ($292 million) on their China-focused renewable energy fund.
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
China drone start-up EHang gets $42m Series B round
GP Capital, a China-focused PE fund backed by Shanghai International Group, has led a $42 million Series B round of funding for EHang, a Chinese commercial drone manufacturer.
Japan's Freee raises $30m Series C round
DCM, Recruit Holdings and Japan Co-Invest have committed $30 million in Series C funding to Freee, a Japan-based provider of automated online accounting software.
Australia's Anchorage agrees $150m Affinity Education deal
Anchorage Capital Partners has agreed to buy Affinity Education for A$208.3 million ($150 million) after the Australian Securities Exchange-listed company spurned a rival offer from G8 Education.
India's Gateway offers to buy Blackstone stake in freight subsidiary
Indian logistics company Gateway Distriparks (GDL) has offered to buy The Blackstone Group's stake in its freight subsidiary GatewayRail Freight (GRFL) for INR6 billion ($90.3 million).
Philippines targets 500 domestic tech start-ups by 2020
The Philippines government has outlined plans to achieve 500 domestic technology start-ups with a combined valuation of $2 billion by 2020.