BPEA EQT – formerly Baring Private Equity Asia – has pulled out of its planned acquisition of a majority stake in Korea-based industrial films producer PI Advanced Materials from Glenwood Private Equity.
Goldman Sachs Asset Management (GSAM) has made a structured investment in Goodpack, a Singapore-based container manufacturer controlled by KKR, as part of a broader refinancing transaction.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
KKR has completed its tender offer for Hitachi Transport Systems, having secured a 51.1% stake in the third-party logistics (3PL) provider at a valuation of JPY 749.5bn (USD 5.4bn).
Dongfang Jingyuan Electron (DJEL), a China-based semiconductor equipment and software provider, has raised CNY 1bn (USD 139m) from an investor group that includes Green Pine Capital Partners and CoStone Capital.
Through Trustlink, Trustar Capital has successfully executed a buy-and-build strategy in China’s facility management space, using scale and standardisation to win contracts from multinationals
ACE Convergence Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by Korean PE firm ACE Equity Partners, has completed a merger with US-based electronics manufacturer Tempo Automation. The equity valuation of the business was cut...
Affinity Equity Partners has sold Hong Kong-headquartered garment label manufacturer Trimco Group to Brookfield Asset Management, for an enterprise value of USD 850m.
Investors are increasingly challenged to reconcile a vanishing divide between some infrastructure and PE strategies, the AVCJ Private Equity & Venture Forum heard.
Kasco, a China-based air suspension supplier for passenger vehicles, has closed a Series B round of CNY 510m (USD 72m) led by an investment arm of CRRC Group, China State-Owned Venture Capital Fund, Source Code Capital, and Shenzhen Capital Group.
Korean carve-out specialist Glenwood Private Equity has agreed to acquire a significant minority stake in the advanced materials unit of Hanwha Solutions, a listed subsidiary of Hanwha Group, for an enterprise valuation of KRW 680bn (USD 514.2m).
The board of Japan-based electric wire manufacturer Totoku Electric has endorsed a tender offer from The Carlyle Group that values the company at approximately JPY 38.2bn (USD 261m).
Warburg Pincus and Malabar Investments have injected USD 60m into boAT, an India-based manufacturer of wearables and other electronic devices that was previously on track for an IPO.
Australia’s Roc Partners has led a AUD 55m (USD 35.6m) Series B round for local carbon credits platform and sustainability advisory Viridios Group.
Farizon Auto, a new energy vehicle (NEV) brand under Chinese automaker Geely, has secured USD 300m in pre-Series A funding led by Hidden Hill Capital, a private equity arm of local warehouse operator turned logistics and infrastructure investment manager...
A Bain Capital-led consortium has completed its tender offer for Hitachi Metals – at a valuation of JPY 816.8bn (USD 5.6bn) – 18 months after first submitting a bid for the Japan-based industrial components manufacturer.
Sofina, a Belgium-headquartered holding company and an active investor in Asia-based start-ups, has led a INR 3.66bn (USD 45.8m) Series E round for Indian agricultural technology platform DeHaat at a valuation of USD 695m.
India-headquartered UPL, which claims to be the world’s fifth-largest agrochemicals company, has announced a restructuring that will see KKR, TPG, Brookfield Asset Management, and Abu Dhabi Investment Authority (ADIA) invest INR 40.4bn (USD 500m) across...
Indonesia’s Xurya, a solar power rental and installation start-up, has lifted its Series A round to USD 33m with new commitments from Mitsui & Co and local property conglomerate Surya Semesta Internusa.
Xiamen Hithium Energy Storage Technology, a China-based battery manufacturer, has secured CNY 2bn (USD 276m) in Series B funding led by ABC International.
Indonesia’s Waste4Change signalled broad appetite for exposure to local waste management services with a USD 5m Series A round featuring a diverse range of strategic backers.
PE investment in Asia reached USD 36.8bn in the third quarter of 2022, its lowest level since activity seized up in the early stages of COVID-19, with notable declines in India and Southeast Asia.
US-based Altana Technologies, an artificial intelligence (AI) and analytics provider for the logistics industry, has raised USD 100m in Series B funding with plans to open a Singapore office in early 2023.
AgriWebb, an Australia-based livestock management app used by farmers and ranchers, has closed its Series B round at USD 29.3m, following a USD 6.7m top-up featuring two new investors.