SkyLake Investment has agreed to acquire Doosan Solus, the EV battery materials maker unit of South Korea-based conglomerate Doosan Group. The company is looking to sell its entire 61% stake for KRW700b (approximately USD585m). Read more… Read More
SoftBank-backed DCM Ventures has reached a USD780m final close for China-focused DCM IX and has secured a further USD100m for DCM A-Fund III. Read more… Read More
Warburg Pincus has partially exited Hong Kong-listed assisted reproductive services provider Jinxin Fertility by selling approximately 5.39% of its 18.39% stake in the company for HKD1.5b (approximately USD194m). Read more… Read More
DEG has agreed to provide EUR20m (approximately USD22.5m) in financing to Bangladesh-based electrical and electronics device manufacturer Walton Hi-Tech Industries. Read more… Read More
Openspace Ventures has reached a USD90m+ first close for its third Southeast Asia-focused fund, which is targeting USD200m. Read more… Read More
Sequoia Capital China led a USD100m Series C for China-based storytelling mobile app Kuaidian, with participation from existing investors GGV Capital and Morningside Venture Capital. Read more… Read More
The Asian Development Bank (ADB) has secured USD4b through the sale of a 3-year global bond, the proceeds of which will be used in assisting countries affected by the pandemic in the Asia Pacific region. Read more… Read More
Investcorp led a USD56m Series C for India-based co-living and home rental startup Zolostays, with participation from Nexus Venture Partners, Mirae Asset, and Trifecta Capital. Read more… Read More
The British Petroleum Company (BP) has announced that it will invest USD70m in India’s Green Growth Equity Fund, a vehicle managed by EverSource Capital, a joint venture between private equity firm Everstone Capital and LightSource BP. Read more… Read More
TPG’s The Rise Fund, Engie Rassembleurs d’Energies, and The Singh Family Trusts led a USD2.25m pre-Series A for India-based last-mile distribution startup Frontier Markets Consulting, with participation from Teja Ventures and affiliates of the Beyond Capital Fund. Read more… Read More
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