News
Centurium invests $100m in China caterer Meican
Centurium Capital has provided a $100 million Series E round for Meican, a Chinese corporate food services company.
GoTo gets $1.3b in first tranche of pre-IPO funding
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.
China’s Red raises $500m at $20b valuation
Chinese social e-commerce app Xiaohongshu, also known as Red, has raised a $500 million round led by Temasek Holdings and Tencent Holdings at a valuation of $20 billion, up from $3 billion in 2018.
Indonesia’s Alpha JWC closes Fund III at $433m
Indonesia’s Alpha JWC Ventures has closed its third fund at $433 million, beating a target of $250 million. It is said to be the largest early-stage VC fund targeting Southeast Asia.
East backs Singapore food surplus marketplace
East Ventures and Amasia have jointly led an $11 million Series A round for Singapore’s TreeDots, a company that describes itself as Asia’s first food surplus marketplace.
KKR signs up India financial services veteran as advisor
KKR has appointed K.V. Kamath, described as a pioneer of India's modern financial services sector, as an advisor.
Kedaara acquires India digital transformation player
Kedaara Capital has acquired a majority stake in Great Software Laboratory (GS Lab), an India-headquartered provider of digital product engineering services.
GL Capital leads $125m round for Hzymes Biotechnology
Wuhan-based Hzymes Biotechnology, a specialized enzymes developer, has raised RMB800 million ($125 million) in Series C funding led by healthcare specialist GL Capital
Potentia exits Australia SaaS provider to UK strategic
Australia’s Potentia Capital has exited compliance software-as-a-service (SaaS) supplier CompliSpace to UK-based Ideagen for about A$110 million ($81 million) after a less-than-two-year hold.
Hong Kong's Qupital secures $150m Series B
Hong Kong B2B financial technology provider Qupital has raised a $150 million Series B round led by Greater Bay Area Homeland Development Fund.
Carlyle poaches India head from Blackstone
The Carlyle Group has recruited Amit Jain, formerly of The Blackstone Group, as a managing director in Mumbai and co-head of its India investment advisory team.
China CRO Tripod raises $156m
Tripod Preclinical Research Laboratories, a China-based contract research organization (CRO) based in Nanjing, has raised RMB1 billion ($156 million) led by Ruihua Capital, Lilly Asia Ventures (LAV) and GL Ventures.
Singapore audience data business sold to trade buyer
US data and analytics services provider Dun & Bradstreet has agreed to acquire Singapore audience data business Eyeota, setting up exits for several private equity investors.
Activists, growth equity among Japan deal drivers - AVCJ Forum
Private equity deal flow in Japan is likely to increase in the coming years, spurred by factors ranging from activist investors to the rise of growth equity, industry participants told the AVCJ Japan Forum.
VentureTech, SBI launch $18m Malaysia fund
Malaysian government investor VentureTech has teamed up with SBI Ventures Malaysia to launch a MYR75 million ($18 million) technology co-investment fund.
ShawKwei acquires CR Asia Group for $101m
ShawKwei & Partners has acquired CR Asia Group, a Bangkok-headquartered energy engineering company with a pan-regional presence, for $101 million.
Australia's Rampersand targets $29m for fourth VC fund
Rampersand, an Australia-based VC investor, is looking to raise A$40 million ($29.6 million) for its fourth fund, which will address what the firm describes as a “chronic funding gap in early-stage seed funding.”
Carlyle resumes pursuit of Australia's Link Group
The Carlyle Group has made a A$2.8 billion ($2.1 billion) buyout offer for Australia-based financial data and fund administration services provider Link Administration Holdings, six months after abandoning a joint bid for the company with Pacific Equity...
Tiger Global leads $100m round for China HR SaaS player
Moka, a Chinese software-as-a-service (SaaS) provider specializing in human resources services, has raised a $100 million Series C led by Tiger Global Management.
Singapore's Quest Ventures launches maritime tech fund
Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.
Australia's Glow seeks $222m for debut fund
Glow Capital Partners, an Australian private equity firm established by Justin Ryan, formerly of Quadrant Private Equity, and Kate Morris, founder of beauty e-commerce platform Adore Beauty, is targeting A$300 million ($222 million) for its debut fund.
PAG buys Japan restaurant business
PAG has bought Gyro Holdings, a Japan-based restaurant operator that operates more than 90 brands, most of them based on izakaya concepts. The size of the deal was not disclosed.
Singapore crypto exchange AscendEX raises $50m
Singapore crypto platform AscendEX has raised a $50 million Series B led by US-based sector specialists Polychain Capital and Hack VC.
Mizuho spinout targets $263m for Japan buyout fund
MCP Capital (MCPC), a Japanese lower mid-market buyout firm that spun out from Mizuho Bank earlier this year, is looking to raise up to JPY30 billion ($263.2 million) for its sixth fund.