EQT’s mid-market fund will acquire the Melbourne-headquartered parking, enforcement and compliance technology provider, while Smartworks’ Singapore subsidiary has acquired Workstudio Spaces for an equity value of S$2.47 million.
The long-standing executives joined Baring Private Equity Asia, now known as EQT Private Capital Asia, nearly two decades ago, and have helped build the firm's Asia private capital platform.
BPEA IX will focus on control investments in leading companies across technology, healthcare, industrial technology, services, and technology services; several deals have already closed in Japan and South Korea.
Coller Capital is a global secondaries firm with around $50bn in AUM and six Apac offices. EQT's CEO believes Coller's business can double in size in under four years; the PE giant is paying up to $3.7bn. In Japan, EQT has launched a bid for Mamezo.
Fujitec is a leading Japanese manufacturer of elevators and escalators and EQT wants to help its international expansion by working alongside existing management.
EQT invests in Australian tech education firm Compass; HKEX's H1 2024 results; iron ore slowdown sees BHP diversify; Canada to slap tariffs on Chinese EVs, steel and aluminium; HKIC invests in Thailand.
The $1.6bn fundraise more than doubled the fund’s target size of $750m. The mid-market strategy will focus on the technology, services and healthcare sectors, prioritising India, SE Asia, Japan and Australia.
The alternative investor’s third India credit fund has closed with three times the amount of capital contributions as its next largest vehicle. Managing director and head of credit, Kachan Jain, spoke to FA about opportunity to provide credit in India’s substantial mid-market.
