China-based medical instrument producer Peijia Medical has secured CNY700 million (approximately USD100 million) in a Series C funding round from China-focused fund managers Lilly Asia Ventures and Matrix Partners China. Other investors include Far East Horizon’s investment arm Grand Flight Investment and state-owned investment firms China Chengtong Asset Management and… Read More
India, the largest democracy in the world went into general elections in May 2019. The outcome of the election was a landslide victory for the incumbent government. The first budget of the Modi 2.0 government was presented in the backdrop of prevailing challenges being faced by the economy such as… Read More
China-based hyaluronic acid producer Bloomage Biotechnology has raised CNY2.4 billion (approximatelyUSD337 million) in its initial public offering (IPO) on the Shanghai Stock Exchange Star Market. The company sold approximately 50 million shares at CNY47.79 (USD6.80) per share. Bloomage is backed by China-focused growth capital investor Redview Capital, which did not… Read More
Hong Kong-based logistics real estate platform ESR Cayman has raised HKD12.6 billion (approximately USD1.6 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold approximately 752 million shares, including 280 million new shares, at HKD16.8 per share (USD2.14 per share). The platform is backed… Read More
Global alternative asset manager Blackstone has acquired a 37.5 percent stake in India-based medical test preparation provider Aakash Educational Services Limited (AESL) in a transaction that reportedly values the company at USD500 million. AESL offers preparation services across 200 centers and 130 cities in India, reaching more than 250,000 medical… Read More
Fasal, an India-based precision agriculture platform, has secured USD1.6 million in seed funding from early-stage venture capital fund managers Omnivore and Wavemaker Partners. Other investors in the round include venture capital firms Mount Parker Ventures, Animoca, Mistletoe, Zeroth, and Artesian Ventures. The company, which uses an AI-powered platform and on-farm… Read More
Global consumer-focused private equity fund manager L Catterton has reached a final close for its third Asia-focused fund with USD1.45 billion in commitments. The fund will invest in retail and health care opportunities across first-tier cities in China, Japan, India, Southeast Asia, Australia, and New Zealand. Investors in the fund,… Read More
Asia-focused impact investor ABC World Asia, an affiliate of Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its inaugural fund with SGD385 million (approximately USD283 million) in commitments. Investors in the fund include Temasek Holdings; Temasek subsidiaries Temasek Trust, Pavilion Capital, and Seatown Holdings; real estate… Read More
China-based e-commerce company Alibaba Group and China-focused private equity firm YF Capital have agreed to acquire a 16.2 percent stake in Meinian Onehealth, a listed China-based medical examination center operator, for CNY7.3 billion (approximately USD1 billion). YF Capital will invest CNY2.44 billion (USD345 million) of the total for a 5.34… Read More
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited its remaining stake in India-listed manufacturer and marketer of Pepsi brand products Varun Beverages. Affirma sold approximately 1.6 million shares in Varun on the National Stock Exchange of India… Read More
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