Warburg Pincus leads $255m Series D round in China’s English tutoring platform DaDa

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Shanghai-based DaDa operates an AI-powered online-streaming portal that helps K-12 children aged 4-16 learn English from native speakers.

India: Baring PE Asia looks to acquire NIIT Tech at $1.4b valuation

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Baring PE Asia will first buy the 30.58% stake held by the promoters of NIIT Technologies.


Ascent Capital gathers over $50m from Temasek, ADB, others for Myanmar-focused fund

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ADB’s contribution to the fund amounts to $10 million.


Bahrain’s Investcorp, Coller Capital float $1b European PE fund

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Investcorp sad it will manage both the assets acquired through the secondary transaction and the fund’s new capital.


CMIA Capital buys stake worth $2.9m in Singapore-based ICP

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The private equity firm acquired 460 million shares in ICP at $0.0063 apiece.


PAG eyeing Australia-based Retail Food Group’s pizza business

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Headquartered in Queensland, Retail Food Group claims to be Australia’s largest multi-brand retail food franchise owner, where it operates Brumby’s, Donut King, Crust Gourmet Pizza, Michel’s Patisserie and Gloria Jean’s.


India: NBFC Samunnati in talks with PE firms to raise up to $70m

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The NBFC, which is in talks with General Atlantic and Warburg, plans to dilute a significant minority stake.


India: Capital SFB eyes $21m PE funding to expand operations

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The talks are at a preliminary stage right now. Investment bank Edelweiss is advising the bank on the fundraise.


US pension fund LACERS commits $25m to Baring Asia’s seventh fund

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US pension funds have been accelerating their Asia investments.


KKR bats for thoughtful allocations, distressed theme in 2019 as valuation corrections unfold

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The firm maintains a 300 basis point overweight position in Traditional Private Equity and 500 basis point underweight in Growth/VC/Other.