Legend Capital has closed LC Healthcare Continued Fund I, its healthcare continuation fund, at USD270m after raising the capital through a secondary transaction. The deal was co-led by Hamilton Lane and Coller Capital. Read more… Read More
A consortium comprising Baring Private Equity Asia and Alibaba has acquired a 5.5% stake in The CrownX, the retail arm of Vietnam-based conglomerate Masan Group, for USD400m. Read more… Read More
Falcon Edge Capital and Harvard Management Company led a USD120m Series E for India-based B2B industrial goods marketplace, with follow-on from Tiger Global Management, Sequoia Capital India and Venture Highway, at a reported USD1b valuation. Read more… Read More
KKR has agreed to invest USD95m in India-based eyewear retailer Lenskart through a secondary stake acquisition, facilitating a partial exit for TPG Growth and TR Capital. Read more… Read More
Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management have invested a USD285m round for India-based payment solutions provider Pine Labs, with follow-on from Temasek, Lone Pine Capital and Sunley House Capital, at a reported USD3b valuation. Read more… Read More
SoftBank Vision Fund 2 led a SGD477m (~USD360m) Series C for Carro, a Singapore-based auto resale marketplace, with participation from EV Growth and other Indonesia-based funds. Read more… Read More
VIG Partners, through its VIG Partners Fund IV, has acquired 100% of South Korea-based home and personal care company The Skin Factory for KRW150-200b (~USD132-177m). According to AVCJ, the transaction includes an approximately KRW100b (~USD88m) equity commitment from VIG, plus debt financing and an LP co-investment. Read… Read More
Existing investors TPG Growth, Norwest Venture Partners and Evolvence have invested a INR3.37b (~USD45m) Series E for India-based non-banking finance company Ess Kay Fincorp. Read more… Read More
SoftBank Vision Fund led a USD330m Series D extension for China-based grocery e-commerce platform Dingdong Maicai, bringing the overall Series D to just over USD1b. DST Global and Coatue led the USD700m first tranche in April 2021. Read more… Read More
A consortium led by Multiples Alternate Asset Management and including CPP Investments and RARE Enterprises has agreed to acquire Zydus Cadila, the India-based animal health business unit of Cadila Healthcare, for INR29.21b (~USD397m). Read more… Read More
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