News
Value-add needed to navigate consumer boom – AVCJ Forum
Investors are targeting consumer brands with strong fundamentals or overlooked expansion angles as part of efforts to avert spiking valuations, the AVCJ Private Equity & Venture Forum heard.
Local turbulence drives China tech players abroad - AVCJ Forum
Regulatory uncertainty in China has encouraged local technology companies to go global rather than rely on a single market, the AVCJ Private Equity & Venture Forum heard.
Xiaomi invests $70m in China LiDAR specialist Hesai
Xiaomi Industrial Investment Fund, a vehicle controlled by smart devices brand Xiaomi, has invested $70 million in Hesai Technology, a China-based developer of sensors used in autonomous driving.
Australia's Allegro hits overall target with Fund IV first close
Allegro Funds, an Australia-based turnaround specialist, has reached a first close of A$600 million ($449 million) on its fourth fund, hitting the overall target for the vehicle.
MBK sells Japan's Accordia Golf to Fortress
MBK Partners has agreed to sell Japan-based golf course operator Accordia Golf, which it acquired in 2017 via a tender offer, to Fortress Investment Group.
Energy transition to dominate private equity – AVCJ Forum
Energy transition, including innovation in power and transportation, will be the biggest investment theme in the decades to come, industry veterans told the AVCJ Private Equity & Venture Forum.
Kejora, Sunway launch $25m Malaysia VC fund
Indonesia-based Kejora Capital and Malaysian conglomerate Sunway Group have established a $25 million VC fund focused on early-stage start-ups in Malaysia.
COVID-19 validates sector lens strategies – AVCJ Forum
COVID-19 has reinforced the argument for developing sectoral expertise that spans geographies, industry leaders told the AVCJ Private Equity & Venture Forum.
Ascendent abandons China education take-private
A consortium led by Ascendent Capital Partners has abandoned its planned $230.6 million take-private of Tarena International, a China-based provider of adult professional and K-12 education services.
Going green is delicate, incentives-driven work – AVCJ Forum
The integration of sustainable practices into private equity firms and portfolio companies is a "diplomatic process," investors told the AVCJ ESG Forum.
Indonesia's Ula extends Series B to $110m
Indonesian B2B e-commerce player Ula has extended its Series B round to $110 million with a $23.1 million investment from Tiger Global Management and Binny Bansal, co-founder of Flipkart.
China's Bits x Bites closes second food tech fund at $100m
Bits x Bites, a Chinese VC firm focused on agriculture and food technology such as alternative protein, has closed its second fund at $100 million, beating a target of $70 million.
Apollo prioritizes yield, hybrid strategies in Asia - AVCJ Forum
Apollo Global Management’s yield and hybrid businesses – rather than private equity – are likely to account for the bulk of its activity in Asia, with Marc Rowan, the firm’s co-founder and CEO, saying he has no desire to “add to the growing...
CBC, APG launch China healthcare infra fund
Specialist healthcare investor CBC Group has teamed up with APG Asset Management to launch a $1.5 billion fund dedicated to the development of healthcare infrastructure in China.
Investors get tough on diversity - AVCJ Forum
Investors are pressing GPs and portfolio companies to do more on gender and cultural diversity, pointing to evidence that greater parity boosts performance, the AVCJ ESG Forum heard.
CMC, Goldman lead $150m round for China's Cyclone Robotics
Cyclone Robotics, a Shanghai-based robotic process automation (RPA) start-up, has raised $150 million in a Series C round led by CMC Capital Group and Goldman Sachs Asset Management.
Baring, Quadrant claim firm of the year prizes at AVCJ Awards
Baring Private Equity Asia (BPEA) and Quadrant Private Equity won the firm of the year prizes at the 2021 AVCJ Private Equity & Venture Capital Awards, as KKR and NewQuest Capital Partners secured two victories apiece, and Weijian Shan received the AVCJ...
Japan's Olympus launches VC unit, $50m fund
Japan’s Olympus Corporation has launched a medical technology-focused venture capital unit, Olympus Innovation Ventures, with an initial commitment of $50 million for its debut fund.
Vision Fund backs China cleaning robot maker
SoftBank Vision Fund 2 and Capital Today have led a RMB1.2 billion ($188 million) Series C round for Chinese cleaning robot maker Gaussian Robotics.
India's A91 reaches $550m final close on Fund II
A91 Partners has closed its second India-focused fund with $550 million in commitments, nearly two-and-a-half years after raising $351 million for its debut vehicle.
Riverside backs Australia clinical trials business
The Riverside Company has acquired Avance Clinical, an Australia-based contract research organization (CRO) with a view to building out its clinical trials business.
India's Nykaa trades up after $719m IPO
India-based beauty e-commerce platform Nykaa is trading at more than 100% premium to its IPO price after completing a INR53.5 billion ($719 million) offering that facilitated partial exits for TPG Capital and Lighthouse Funds.
India's MyGlamm raises $150m Series D
Good Glamm Group, operator of Indian direct-to-consumer beauty marketplace MyGlamm, has raised a $150 million Series D round led by Warburg Pincus and Prosus Ventures.
Google backs Korea edtech player Mathpresso
Google has made a strategic investment of undisclosed size in Korean education technology provider Mathpresso, bringing total funding to around $105 million.