The competitive environment for private equity deals in Asia is less intense than at any time in the last 10 years as players investing before the global financial crisis have pared back their activity, says Kyle Shaw, founder and managing director at...
Deal saw founders and previous owner fully exiting the business
Selling shareholders Permira and KKR have received proceeds of €431m
EQT Partners wants corporate services provider InCorp Group to achieve greater operational efficiency as well as go on the acquisition trail in Asia
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
Chinese state-backed Tsinghua Unigroup has withdrawn its NT$56.8 billion ($1.7 billion) offer to acquire a stake in Silicon Precision Industries (SPIL), a Taiwanese semiconductor testing and packaging company.
Convergence Ventures and CyberAgent Ventures have led a $4.2 million pre-Series A round for Indonesian hotel reservation service provider Nida Rooms.
Start-up incubator Rocket Internet and Sweden's Investment AB Kinnevik have committed EUR300 million ($339 million) to their emerging markets-focused online fashion portal Global Fashion Group (GFG), at a valuation of EUR1 billion.
Helion Ventures and Ventureast have participated in a $12 million Series B round for Indian data security solutions provider Seclore.
ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
Intouch Holdings, acting through its VC arm, InVest, has led a Series B round of funding for Thai restaurant review website operator Wongnai Media.
While most logistics start-ups dedicated to serving China's online food-ordering platforms hire part-time staff through crowdsourcing, Yummy Express recruits full-time employees to provide a consistent service
Bertelsmann India Investments has invested $5 million in Roposo, a domestic fashion-oriented social network and shopping app provider.
Zero Zero Robotics, a Beijing-based start-up that has developed a flying camera for the consumer market, has received $23 million in Series A funding from IDG Capital Partners, GSR Ventures, ZhenFund and ZUIG.
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for the 65% stake.
China-based VC firms IPV Capital and Tsing Capital have led a $26 million Series C round of funding for RayVio Corp, a US company that has developed an ultraviolet LED technology for use in hygiene products.
Aarin Capital has anchored the launch of Ideaspring Capital, a venture fund seeking to raise INR1.2 billion ($18.8 million) for investments in Indian technology start-ups.
Following its $50 million Series C round, investors in Hua Medicine are waiting for the company to fulfill its potential as a poster child of innovation in China
Having spent the last couple of years in a politics-driven limbo, Australia’s renewable energy sector is seeing renewed investor interest. Nevertheless, the market still presents various challenges
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.