TPG Invests USD221.7m in South Korea’s KakaoBank
TPG invested USD221.7m in South Korea-based Kakao Bank through subscription of new shares.The deal reportedly values the internet bank arm of Kakao Corp at an estimated USD8.3b. Read more… Read More
YF Capital Leads USD315m Series E for Chinese Industrial Products Marketplace ZKH
YF Capital led a USD315m Series E for ZKH Industrial Supply, a China-based distribution platform for industrial products, with participation from China Structural Reform Fund, CIC Capital, and two funds involving Xiamen C&D. Existing investors Genesis Capital, Eastern Bell Capital, Tencent Holdings, Tiger Global Management, Matrix Partners China,… Read More
Jungle Ventures Leads USD10m Series B for Indian Workforce Management Platform Betterplace
Jungle Ventures led a USD10m Series B for India-based workforce management platform Betterplace, with follow-on from Unitus Ventures, 3one4 Capital, and Venture Highway. Read more… Read More
Warburg Pincus Partially Exits Philippines’ Broadband Operator Converge
Warburg Pincus has partially exited Converge ICT Solutions, a Philippines-based broadband operator, via the company’s USD600m IPO on the Philippine Stock Exchange. Warburg Pincus maintains a 13.8% stake. Read more here and here… Read More
Genesia Ventures Reaches USD75m Final Close for Japan and Southeast Asia VC Fund
Genesia Ventures reached a USD75m final close for its Genesia Venture Fund II to invest in Japan and Southeast Asia-based companies covering the digital transformation, new economy, as well as media and entertainment sectors. Read more… Read More
Baring PE Asia Sells 6.3% Stake in India’s Coforge for USD119m via Open Market Transactions
Baring PE Asia exited a 6.3% stake in India’s Coforge (previously known as NIIT Technologies) for INR8.78b (~USD119m) via open market transactions. Read more… Read More
Tencent and DST Global Lead USD2.2b Series G for Chinese Edtech Yuanfudao
Tencent and DST Global led a USD2.2b Series G for China-based edtech Yuanfudao, with participation from Hillhouse Capital, Boyu Capital, IDG Capital, GIC Private, Temasek Holdings, Trustbridge Partners, CPE, DCP Capital Partners, Ocean Link, Greenwoods Investment, and Danhe Capital. The Series G, which comprised two tranches, the first… Read More
Legend Capital Reaches USD500m Final Close for China VC Fund
Legend Capital has reached a USD500m final close for LC Fund VIII, a USD-denominated VC fund targeting investments in the TMT and consumer services sectors in China. Read more… Read More
SAIF Partners Reaches USD400m Final Close for India VC Fund, Rebrands as Elevation Capital
SAIF Partners has reached a USD400m final close for SAIF Partners India VII, an India-focused vehicle targeting seed-to-growth stage investments in IT, financial services, consumer products and services, and mobile. SAIF Partners has also rebranded as Elevation Capital. Read more… Read More
Keppel Capital Reaches USD295m First Close for Alpha Asia Macro Trends Fund IV
Keppel Capital has reached a USD295m first close for Alpha Asia Macro Trends Fund IV. The vehicle, which targets USD1b, will invest in offices, business parks, logistics facilities, retail, and accommodation assets in gateway cities across Asia Pacific. Read more… Read More
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