Franklin Templeton exited its 13.63% stake in Vietnam-based logistics service provider In Do Trans Logistics to Mitsubishi Logistics for an undisclosed amount. Read more here and here… Read More
PT Astra Digital Internasional, the venture arm of Astra, led a USD23m Series C for Indonesia-based logistics platform Paxel with participation from Central Capital Ventura, MDI Ventures, SIG, EndeavorCatalyst, FJ Labs and PT Amsaka Investama Sejahtera. Read more… Read More
Warburg Pincus, Hillhouse Capital and China Renaissance exited their investment in China-based women’s and children’s hospital chain Amcare Healthcare to Xiaohe Health, a subsidiary of TikTok-owner ByteDance, in a USD1.5b deal. Amcare Healthcare is now wholly-owned by two ByteDance subsidiaries. Read more… Read More
Keppel announced a 100% acquisition of South Korea-based waste management services provider Eco Management Korea for KRW626.1b (~USD480m). The investment will occur through a special purpose vehicle that includes Keppel Infrastructure Trust, Keppel Asia Infrastructure Fund and Keppel Infrastructure Holdings, providing an exit for IMM Investment and Korea Development Bank. Read More
Eyestem, an India-based biotech focused on macular degeneration, raised a USD6.4m Series A from Biological E. Limited, Alkem, NATCO, Endiya Partners, Kotak Private Equity and others. Read more… Read More
Geekplus Technology (Geek+), a China-based warehouse robotics firm, raised a USD100m Series E1 from Intel Capital, Vertex Growth and Qingyue Capital Investment at a reported valuation of ~USD2b. Read more… Read More
SummitView Capital led a Series C extension for China-based self-driving auto chip manufacturer Black Sesame Technologies, for combined Series C rounds totaling more than USD500m. The round included participation from China’s Industrial Bank, GF Xinde Investment, Hina Group, Xin Ding Capital and others. Read more here… Read More
India-based online fashion retailer Nykaa acquired Little Black Book (LBB), a lifestyle discovery platform that is also India-based, for an undisclosed amount in an all-cash deal. LBB announced a INR65m (~USD1m) pre-Series B with follow-on from Athera Venture Partners (formerly Inventus India), Indian Angel Network’s IAN Fund, Blume Ventures and… Read More
Epigenic (Yijie Like), a China-based biotech focusing on epigenetic regulation technology, raised more than CNY100m (~USD15m) in its angel and pre-Series A rounds from Morningside Ventures, Kingray Capital, Trinity Fund, TigerYeah Capital (Taiyu Capital) and FountainBridge Capital. Read more here and here. Read More
RRJ Capital invested SGD140m (~USD101m) in new equity to merge Fullerton Healthcare Corporation with Fullerton Health, a Singapore-based pan-Asian healthcare provider. The company has also secured a SGD250m (~USD181m) senior loan facility from three banks to facilitate the merger. RRJ Capital’s existing perpetual securities and convertible preference shares have been… Read More
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