Chubby Bear, a China-based B2B trading platform for home furnishing materials has raised USD400m from CMC Capital Group and SoftBank. CMC Capital Group led the company’s Series C while SoftBank Vision Fund 2 led the Series C+. Other investors include Matrix Partners China, Genesis Capital, Tencent Holdings, Hundreds Capital, Immensus… Read More
Tiger Global led a USD35m round for GoMechanic, an India-based platform for car services and car parts, with follow-on from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. Read more… Read More
Orchid Asia has reached a USD1.1b first close for Fund VIII. The vehicle, which has an initial target of USD1.6b, will provide growth capital to companies looking to build franchises in the consumer, technology, education and healthcare sectors in China. Read more… Read More
Primavera Capital Group has agreed to acquire the China infant formula and child nutrition business of UK-based consumer goods maker Reckitt Benckiser Group for an enterprise value of USD2.2b. Read more… Read More
KV Asia Capital has reached a USD100m first close for its second Southeast Asia PE fund. The vehicle has an initial target of USD300m and will primarily focus on buyouts in Southeast Asia, with an emphasis on Malaysia, Indonesia and Vietnam. Read more… Read More
Oceanpine Capital has reached a CNY2b (~USD312m) final close for its Hardcore Technology Investment Fund. Read more… Read More
Fortune Capital has reached a CNY5.5b (~USD858m) first close for its CNY-denominated fund targeting CNY6.8b (~USD1.1b). Fortune invests across multiple stages in both traditional and high-tech industries and the latest fund will follow the firm’s existing strategy. Read more… Read More
Multiples Alternate Asset Management has fully exited India-based Vikram Hospitals via a sale to Manipal Hospitals for a reported INR3.5-4b (USD39-45m). Multiples originally acquired a majority stake in Vikram in 2013. Read more… Read More
Sequoia Capital China, China Merchants Health, Greenwoods Asset Management and Wuxi AppTec led a CNY1.2b (~USD188m) round for Stemirna Therapeutics, a China-based mRNA drugs and vaccines developer, with participation from OrbiMed, Advantech Capital, China Reform Fund, CMB International, Kaili Yifang Capital Management, Forebright Capital, CTS Capital and CITIC Securities Investment. Read More
Blackstone has acquired media and data company International Data Group (IDG) from China Oceanwide Holdings Group for USD1.3b. Read more… Read More
(default archive template)