DCL Reaches First Close for China Distressed Assets Fund
DLC Investments has reached an undisclosed first close for DLC Special Situation RMB Fund IV. The vehicle has an initial target of CNY3b (USD466m). Read more… Read More
Insight Partners Leads USD60m Series B+ for Singaporean Fintech Thunes
Insight Partners led a USD60m Series B extension for Singapore-based fintech Thunes, with follow-on from Helios Investment Partners, Checkout.com, GGV Capital and Future Shape. Read more… Read More
Novo Holdings Leads USD125m Series C for Singapore’s Hummingbird Bioscience
Novo Holdings led a USD125m Series C for Hummingbird Bioscience, a Singapore- and US-based clinical stage developer of targeted therapeutics, with participation from Frazier Healthcare Partners, Octagon Capital, EDBI, AMGEN Ventures, DROIA Ventures, Morningside Ventures, Pureos Bioventures, Polaris Partners, Affinity Asset Advisors, Ally Bridge Group and Altrium Capital Management, and… Read More
Legend Capital Reaches USD270m Close for LC Healthcare Continued Fund I
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
Baring PE Asia and Alibaba Lead USD400m Investment in Vietnam’s The CrownX
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 and Harvard Management Lead USD120m Series E for Indian B2B Marketplace Moglix
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 to Invest USD95m in Indian Eyewear Retailer Lenskart; TPG Growth and TR Capital to Exit
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, Duro Capital, Marshall Wace, Moore Strategic Ventures, Others Invest USD285m Round for India’s Pine Labs
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 Leads ~USD360m Series C for Singaporean Automotive Marketplace Carro
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 Acquires South Korea’s The Skin Factory for USD132-177m
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
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