Global alternative asset manager The Carlyle Group has acquired a minority stake in Anxin Apartment, a China-based corporate housing provider, through Carlyle Asia Growth Partners V and Carlyle Beijing Partners Fund II. Anxin provides employee housing services to service-sector corporations, operating more than 160 apartment complexes in 24 cities across… Read More
AWAK Technologies, a Singapore-based medical technology company, has raised USD40 million in a financing round led by Vickers Venture Partners, a global venture capital firm. Additional investors include SEEDS Capital, the Southeast Asia-focused investment arm of Enterprise Singapore, and Advanced MedTech, a Singapore-based medical technology company. AWAK develops treatment devices… Read More
SSG Capital Management, an Asia-focused private credit fund manager, has closed its fifth fund, SSG Capital Partners V, and a sidecar vehicle with USD2.7 billion in total commitments. Investors in the fund include Virginia Retirement System, which committed USD150 million in December 2018, and Pennsylvania Public School Employees’ Retirement System,… Read More
m.Paani Solutions, an India-based provider of retail digitization services, has received USD5.5 million in a Series A funding round led by AC Ventures, HenkelX Ventures, Candy Ventures, and angel investors Kevin Aluwi and Suvir Varma. Existing investors Chiratae Ventures and Blume Ventures also participated. m.Paani was founded in 2014 and… Read More
Indonesia-listed satellite television company MNC Vision Network has agreed to acquire a majority stake in Indonesia-listed fixed broadband and cable television provider Link Net from its parent company First Media and private capital fund manager CVC Capital Partners. CVC first acquired a stake in Link Net through the purchase of… Read More
Circulate Capital, a South Asia- and Southeast Asia-focused investor in ocean plastic prevention, has reached a USD106 million first close for Circulate Capital Ocean Fund. Investors in the fund include multinational corporations PepsiCo, Procter & Gamble, Dow Chemical Company, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company. The… Read More
Global venture capital firm Sequoia Capital has reached a final close for its latest China-focused funds with USD2.35 billion in aggregate commitments. Sequoia Capital China Growth Fund V raised USD1.8 billion from 130 investors while Sequoia Capital China Venture Fund VII secured USD549.5 million from 128 investors. This latest fundraise… Read More
China-focused growth capital fund manager Loyal Valley Capital has reached a final close of its second USD-denominated fund with USD465 million in commitments. Investors in the fund include Singaporean sovereign wealth fund GIC. The fund will focus on growth opportunities in domestic consumer brands, health care, specialty industrials, and financial… Read More
China-based data center operator Tenglong Group has secured RMB26 billion (approximately USD3.7 billion) in an investment round led by Morgan Stanley Private Equity Asia (MSPEA) and Chinese state-owned conglomerate China Nanshan Development Group. Additional investors include China-focused private equity investor Kaiyuan Capital, China-listed financier Haitong Unitrust International Leasing, and Huaneng… Read More
FinAccel, a Singapore-based fintech company operating in Indonesia under the Kredivo brand, has raised USD90 million in a Series C funding round led by Asia-focused venture capital fund manager Square Peg and Mirae Asset-Naver Asia Growth Fund, an investment vehicle established by global asset manager Mirae Asset Global Investments and… Read More
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