Carsome, a Malaysia-based auto resale marketplace, raised a USD170m Series D+ at a reported USD1.3b valuation from investors including MediaTek, Catcha Group, Penjana Kapital and Emissary Capital, and follow-on from Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners and others. Carsome also… Read More
Temasek-founded Aicadium acquired BasisAI, a Singapore-based AI software provider, facilitating an exit for Sequoia Capital India and three co-founders of the company. Read more… Read More
Everstone Capital acquired Calibre Chemicals, an India-based specialty ingredients company focused on the pharmaceutical, nutritional and personal care segments, for a reported USD100m. Read more… Read More
Hong Kong-based medical devices maker OrbusNeich Medical Group raised ~USD200m across two rounds from Shenzhen Capital Group, CCB International, CICC Capital, China Merchants Securities Investment, Shenzhen Share Capital Healthcare Fund and family offices. Read more… Read More
China Structural Reform Fund and China Internet Investment Fund led a CNY1b (~USD155m) Series A for China-based chipmaker Metax Integrated Circuits, with follow-on from investors including Matrix Partners China, CTC Capital, Sequoia Capital China and Lightspeed Venture Partners. Read more… Read More
The Emerald Sri Lanka Fund, a vehicle launched by Zephyr Management in partnership with NDB Bank, exited Sri Lanka-based renewable energy solution provider Panasian Power via a secondary sale to a local conglomerate, and Sri Lanka-based water-based wood coatings company JAT Holdings via an IPO on the Colombo Stock Exchange. Read More
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read more… Read More
A consortium of investors led by CBC Group and including Mubadala Investment Company, GS Holdings and IMM Investment acquired a 47% stake in Hugel, a South Korea-based botox maker, from Bain Capital for USD1.5b. Read more… Read More
India-based VC A91 Partners reached a USD525m final close for its second fund. Investors include CPP Investments and Allianz. Read more… Read More
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read more… Read More
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