Global alternative asset manager The Carlyle Group, along with its portfolio company Meinian Onehealth Healthcare Holdings, has invested in China-based clinical laboratory company Adicon Holding. The company operates 20 laboratories offering outsourced diagnostic testing services to more than 10,000 customers across 28 provinces in China. Carlyle invested through Carlyle Asia… Read More
China-based supply chain finance and technology company Linklogis has raised US$220 million in a Series C financing round led by Singaporean sovereign wealth fund GIC. Additional participants in the round include GLP, Skyworth, China Oceanwide and Welight Capital, as well as existing investors Bertelsmann Asia Investments, Tencent Holdings, CITIC Capital… Read More
Global private equity fund manager Advent International has acquired a controlling stake in India-based rigid plastic packaging manufacturer Manjushree Technopack. As part of the transaction, India-focused private equity fund manager Kedaara Capital, which originally invested in Manjushree in 2015, exited its reported 40 percent stake in the company. Advent also… Read More
India-focused venture capital fund managers Chiratae Ventures, formerly known as IDG Ventures India, and Alkemi Venture Partners have invested US$3 million in a Series A financing round for India-based fertility services solutions provider Elawoman. The company uses artificial intelligence to match patients with doctors and services and also provides a… Read More
Korea-focused private equity fund manager Hahn & Company has acquired a 79 percent stake in Korea-based SK Shipping for US$3.7 billion. Hahn will commit US$1 billion in equity to the deal, which includes the assumption of debt and a new capital injection of approximately US$1.4 billion. SK Shipping operates 92… Read More
China-based grocery delivery company Meicai has reportedly raised US$600 million in a new funding round led by private investment firms Tiger Global Management and Hillhouse Capital. Meicai operates an e-commerce platform that enables farmers to sell fresh produce directly to restaurants and plans to use the capital to expand operations… Read More
Global private equity fund manager Warburg Pincus and CNCB, a unit of China CITIC Bank, have reportedly led an investment in China-based assisted reproductive technology company Jinxin Fertility. Global venture investor Sequoia Capital and China-based biotechnology company WuXi AppTec also participated in the financing round. Jinxin Fertility provides various fertility… Read More
Global alternative asset manager KKR, along with Korea-focused real estate fund manager IGIS Asset Management and the National Pension Service of Korea, has agreed to acquire a mixed-used real estate project in the Gangnam district of Seoul, South Korea from local engineering firm Daor E&C. The project is expected to… Read More
Asia-focused private equity fund manager ShawKwei & Partners has reportedly reached a final close for its fourth pan-Asia investment vehicle, Asia Value Fund 2017, with US$812 million in capital commitments. Investors in the fund include insurance companies, family offices and other institutional investors based primarily in North America and Europe. Read More
India-focused venture capital firm Iron Pillar Capital Management has reached a final close for its debut fund with US$90 million in capital commitments. Investors in the fund, which raised around 65 percent of its capital from offshore investors, include the Overseas Private Investment Corporation, Small Industries Development Bank of India… Read More
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