Why private equity giant KKR finds Japan more attractive than China


Japan’s dying conglomerates offer rich pickings. They house a slew of underloved or non-core assets. There’s a real chance to create global leaders from these assets.

Australian VC Square Peg Capital leads $27m Series B in healthcare startup Aidoc

The latest Series B round brings Aidoc’s total funding to $40 million.

Uber said to near funding deal for self-driving car unit

SoftBank, Toyota Motor Corp and Japan-based auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal.

Dutch chipmaker NXP makes strategic investment in China’s Hawkeye

The partnership will enable NXP and Hawkeye to work together to create reference designs to expand their operations in the Chinese market.

People Digest: BTIG, Macquarie Capital rope in MDs to augment M&A team

Based in San Francisco, BTIG’s Shingo Yatsui will help Asian clients identify transactions and spot valuable opportunities in the US and European market.

Thai energy giant Bangchak invests in California’s EV battery firm

The company had earlier indicated that it would allocate a budget of over 300 million baht ($9.5 million) to invest in startups globally.

Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup

The deal – recommended by the Dulux board – is the latest in a slew of Japanese acquisitions in Australia.

IFC may extend $15m risk sharing facility to Cambodia’s PCCBank

The facility is aimed to to enhance the Cambodian lender’s capacity to serve local SMEs.

US crypto startup Chainalysis raises $6m from Japan’s MUFG, Sozo Ventures

Chainalysis hopes the strategic investment will help it further its expansion plans in Asia.

Japanese regulator may direct crypto exchanges to tighten security of digital money

The move by the FSA highlights the difficulties in ensuring security of virtual currencies.