Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has led a SGD4.7 million (approximately US$3.3 million) Series A round for Singapore-based HipVan, an online store for designer furniture. Other investors in the round included early-stage venture capital firm East Ventures, family office LionRock Global and several individual investors. Separately,… Read More
IMAX China, a China-based subsidiary of entertainment technology company IMAX Corporation, has raised HKD1.92 billion (approximately US$248 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 62 million shares at a price of HKD31 (approximately US$4) apiece. China-focused private equity firm FountainVest Partners… Read More
Asia-focused asset management firm SSG Capital Management has reached a final close for its fourth fund, SSG Capital Partners IV, with US$325 million in commitments. The fund focuses on higher grade secured private lending to corporations in Asia, rather than the distressed debt strategy of SSG’s previous funds. Read More
Global growth markets investor The Abraaj Group has closed on the issuance of MXN3.2 billion (approximately US$191 million) of Mexican publically traded certificates, or CKD (Certificado de Capital de Desarrollo). The Mexico-focused CKD will invest in mid-sized businesses in the retail, consumer goods, healthcare, education, logistics and financial services sectors. Read More
South Korea-focused Anchor Equity Partners has reached a final close for its second fund with US$850 million in capital commitments. The fund, which focuses on buyout, growth capital and industry consolidation opportunities, surpassed its target of US$750 million. … Read More
India-focused private equity firm Gaja Capital has invested INR650 million (approximately US$9.9 million) in India-based Junior Sports and Services, operator of sports and fitness education company SportzVillage. The transaction was structured through Gaja Capital III. The company plans to use the new capital to expand its operations within India. Read More
Asia-focused private equity firm RRJ Capital has reached a final close for its third fund, RRJ Capital Master Fund III, with US$4.5 billion in capital commitments. The fund invests globally, with an emphasis on China and Southeast Asia. A series of pension funds committed to the fund, including: US$150 million… Read More
India-based dairy company Parag Milk Foods has raised INR600 million (approximately US$9 million) in a pre-initial public offering (IPO) financing round from existing investor IDFC Alternatives, an India-focused private equity firm. IDFC subscribed to 60 million convertible debentures at INR10 (approximately US$0.14) apiece. The transaction, which was structured through IDFC’s… Read More
India-based agri-logistics service provider Sohan Lal Commodity Management (SLCM) has raised an INR1 billion (approximately US$15 million) funding round led by alternative investment management firm Creation Investments Capital Management and India-focused private equity firm Everstone Capital, which is an existing investor in the company. SLCM plans to use the new… Read More
Thailand-based online fashion company WearYouWant has raised a Series B round of funding led by Japan-based e-commerce company Start Today. Existing investors Digital Media Partners, an emerging markets-focused venture capital firm, and OPT SEA, the venture arm of Japan-based online marketing company OPT, also participated in the round. Financial details… Read More
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