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
Affirma Capital led a INR3.5b (~USD47m) round for Belstar Microfinance, the microlending arm of India-based Muthoot Finance, with follow-on from Muthoot Finance and Maj Invest. Affirma invested INR3b (~USD40m) in the round. Read more… Read More
Defy Partners and Wavemaker Partners led a USD30m Series A for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Global Founders Capital, Next Billion Ventures and Alter Global. Read more… Read More
Tribe Capital and Moore Strategic Ventures led a USD100m Series C for Khatabook, an India-based bookkeeping and payments platform, at a reported ~USD600m valuation, with participation from Alkeon Capital, and follow-on from B Capital Group, Sequoia, Tencent, RTP Ventures, Unilever Ventures and Better Capital. Read more… Read More
China-based comics platform Kuaikan raised USD240m from investors including CCB International (the CVC arm of China Construction Bank) and South Korean mobile app market One Store, with follow-on from Tencent, Coatue and Tiantu Capital. Read more… Read More
Dayone Capital reached a USD630m final close for its debut fund focused on consumer verticals in China, surpassing its original target of USD500m. Read more… Read More
ChrysCapital, True North and unnamed institutional investors invested USD150m for minority stakes in QuEST Global, a global product engineering and lifecycle services company based in Singapore. Read more… Read More
Partners Group sold Straive, a Singapore-based provider of technology-driven content and data solutions, to Baring Private Equity Asia (BPEA) for an undisclosed amount. Read more… Read More
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