APER Jul 2024 - Season of Change | Asia Private Equity Centre Limited

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APER Jul 2024 - Season of Change

APER Jul 2024 - Season of Change

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Feature

Season of Change

Capital Markets

Fund Management

APER Index

APER Index: 2017 – 2021 Deal Vintage Tech & Non-Tech Series (2) Tech – by Sector (as of Dec 2023)

QuickData

Venturing Abroad

India

Private Debt

Virtuous Circle

DataRoom

Infrastructure: Part 2 - Markets in Focus

Data Room - Infrastructure: Part 2 - Infrastructure's Triumvirate

Data Room - Infrastructure: Part 2 - Aus/NZ (2020 – Q1 2024)

Data Room - Infrastructure: Part 2 - India (2020 – Q1 2024)

Data Room - Infrastructure: Part 2 - SE Asia (2020 – Q1 2024)

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News

China

IFC to Help Expand Hong Kong Firms’ Sustainable Supply Chain & Manufacturing in Asia

Legend Capital’s S2C Prohibited from IPO for 5 Years

KKR & GA Could Partner with HongShan in Dongchedi

Yunfeng in ESG Advocacy

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India

Prosus Writes Off Its Investment in BYJU’S

India’s Venture Highway to Merge with US-based General Catalyst

Japan/South Korea

Affirma Capital-backed Sung Gyung Food Sells Its Crispy Roll Business

Rest Of Asia/Rest Of The World

HeyGen Raises US$60 Mn After Distancing From Its Chinese Origin

ADB & Canada Continue Their Partnership in Reducing Carbon Emissions in Asia

GIP & KKR to Co-chair Indo-Pacific Infrastructure Investment Coalition

Market Section

Australia/New Zealand

Funds

Tanarra Capital Launches A$1 Bn Private Credit Fund

Brandon Capital Raises A$270 Mn in 1st Close of its Life Sciences Fund

Investments

Temasek Backs Plastic Recycling Innovator

Main Sequence & UniSuper Back Quantum Startup

Icehouse Ventures Backs Wellbeing Programmes for Employees

OIF Ventures Revisits Linkby, an Online Advertising Startup

Temasek Joins TA Associates in Betashares Capital

OIF Ventures Provides Bridging Loans for 2nd Home Buyers

Skip Capital & Blackbird Conduct Verification via Atticus

Morgan Stanley Acquires 49% Interest in Oz’s Iron Ore Transport Infra

Bain Launches Offer to Privatise Vehicle Parts Retailer

King River Capital & Jungle Ventures Double Down on Ofload

Anchorage Acquires EL&F as Maui Exits

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Divestments

Guzman y Gomez to Serve Its Mexican Dishes Publicly

China

Funds

China Sets Up Rmb20 Bn Bilateral Fund with Pakistan

CICC Partners with Porsche to Drive Intelligent Connected Cars

Investments

Cowin Doubles Down on Flu Antivirals Developer

Advent & Boyu Buy Pet Food

Tao Capital Joins Frees Fund in Medical Imaging

Eminence Joins Shunwei to Provide Cybersecurity Solutions

IDG, Matrix, Qiming & Lanchi in Autonomous Robot

Chery’s PE Arm & Others to Provide Smart Chassis Solutions

Legend Partners with Qiming; Northern Light Solo in Healthcare Deals

Peakview Joins Gaorong in Generative AI for Protein Design

3E Bioventures in Cell & Gene Therapy Solutions

Shang Qi & GL Ventures to Power EVs

LG Tech Joins Animoca in Metaverse Game

IDG & Mirae Lead in BioTech Play

KIP China & Qiming Double Down on AI-assisted Diagnostic Platform

Eight Roads-backed MicroLED Maker Achieves Unicorn Status

Intel & Hony Separately in Two Semiconductor Plays

Sinovation et al Buy Outdoor Cleaning Robot

Prosperity7 & Matrix China Separately in Two AI Plays

DCM & K2 Angel Take Rides on Electric Speed Boat

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Divestments

Hillhouse & Legend Record Liquidity Events for Two Portfolio Companies

QuantumPharm Debuts on SEHK

Primavera to Exit from China Asset Management

India

Funds

KKR’s Former India Chief Raises Rs13.5 Bn for its Maiden Fund

Investments

OTPP Backs Vehicle Finance & MSME Loan Provider

RTP Global Joins Lightspeed in Apparel Platform

Jungle Ventures Backs India’s Specialty Chemicals Platform

Morgan Stanley PE Asia in India’s Oncology Chain

Avenir & Lightspeed Join StepStone in Grocery Delivery Play

A91 & Mirae Join Norwest in Affordable Housing Finance

Sorin Investment Gets Fitted for Pants with The Pant Project

Steadview Joins Peak XV & Blume in Engineering Hardware Startup

Matrix Deploys Seed Capital in Home Decor and AI Analytics Tool

Panthera Joins Matrix and Kae Capital to Shop for Skincare

ADIA Said to Have Doubled Down on Purplle

Kotak Funds Matrix Pharma’s Acquisition of API Business

Founders Fund & Dragonfly Build Web3 Infrastructure

Incofin Joins Michael & Susan Dell Foundation in Lending Company

MassMutual Joins Accel to Test Software Codes

TR Capital Joins TPG, Norwest et al in Consumer Lending, Fibe

Temasek Ups Stake in Lenskart

Elevation Capital Leads in FinTech Vegapay

Tata’s Health Fund in Pharma Development

Xponentia & A91 in Auto Parts Maker; Nexus Out

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Divestments

Lighthouse Pares Down Stake in Medical Device Manufacturer

ADV Pares Down Its Stake in Air Conditioner Maker

OrbiMed Partially Exits from Advanced Enzyme

Le Travenues Listed on India’s Stock Exchanges

GIC Trims Interest in Infrastructure Trust

Bain Cashes Out from L&T

Investors Pare Down Interest in Consumer Brands

Blackstone Trims Its Interest in Mphasis

TPG Completes Exit from Wire & Cable Maker, R R Kabel

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Japan/South Korea

Funds

Sunrise Capital Closes Fund V at US$500 Mn

Investments

KIP & KB Investment Double Down on Xpanner

JAFCO, Mizuho & Nomura SPARX Double Down on Satellites Operator

CVC to Gain Full Control of FineToday

BRV Trims Its Stake in Ecopro Materials

STIC Ventures, KDB Back AI Optimisation Startup, Nota AI

Toyota’s Growth Fund in Tyre Recycling Business

Blackstone to Take Control of Infocom, a Digital Comics Play

SBI Investment & SPARX to Help Control Carbon Emissions

Vertex Partners with Japan Post in Room Management

Archimed to Privatise Jeisys Medical

BRV Leads AI Portal

Marunouchi Capital to Privatise Food Manufacturer

Global Brain, DBJ & Norinchukin Back Agricultural Development

Shinhan Venture & POSCO Tech in Micro-Satellite Startup

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Divestments

Polaris Partially Exits from Bridal Services Company

VIG to Conclude Investment in Foodist

Trustar Capital Reduces Its Stake at TAUNS Laboratories’s IPO

Astroscale’s Shares Skyrocket at Its Debut on TSE

MSPEA to Completely Divest Its Equity in Sanitary Paper Businesses

Carlyle Exits from Cosmetics Products Maker

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Southeast Asia

Investments

Krungsri Finnovate & MUFG Back TrueMoney, an e-Wallet Play

a16z & Lightspeed in US$45 Mn Raised by Game Developer Startup

Vanderbilt Uni & Uni of Illinois Foundation in Earned-wage Access Provider

Ikhlas Capital Dines in Food Empire

KKR & Singtel in SE Asia’s Largest Digital Infra Deal

Accion Backs Microfinance in Indonesia

EQT Asia Leads in InsurTech

Square Peg Backs Pakar, an Invoicing Platform in Indonesia

Clime Capital Advocates Clean Last-mile Logistics

BOND & Others Join Temasek in NIUM, a FinTech Play

Monk’s Hill Joins Jungle, Saison & Others in Cross-border Payments

Granite Asia Backs Transportation Mgt SaaS

Thiel, LifeX Ventures et al in Fertility Services

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Divestments

Kejora, BEENEXT Sell off Home Decor

Temasek Sells Its LNG Biz to Shell

Lombard Reduces Menu at Maguro, a Thai Restaurant Chain

Rest Of Asia/Rest Of The World

Funds

Hamilton Lane Raises US$5.6 Bn for Its Latest Secondary Fund

Brookfield to Drive Clean Energy in Emerging Markets with a US$5 Bn Fund

CalPERS Allocates US$250 Mn to MBK Partners Fund VI

TPG to Raise US$1 Bn ANZ-focused Asia Growth Fund

Cisco Launches US$1 Bn Fund for AI

IFC to Join ADB & AIIB in Actis’s Asia Climate Fund

TVM Raises US$250 Mn Healthcare Fund in Middle East

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Investments

QIC Buoys Porter Aviation in Altitude

KIP, Index Ventures & Radical Ventures Revisit AI Video Search Models

Joy Capital Rides with Electric Bicycle Startup, LEMMO

Divestments

QIC & GIC Separately Sold Their Infra Assets Abroad

Obituary

Mr Andy Ho, CIO of VinaCapital, Passed Away