PhiSkin looks good after new funding

Private equity firm H&Q Asia Pacific said PhiSkin - a cosmetic medical services provider which operates a skin and laser clinic in its investment portfolio - completed series B fundraising in early June, one more deal in the sector which is attracting increasing amounts of capital in China.

Legend Capital led the 120 million yuan ($17 million) series B round in PhiSkin, the Shanghai-based aesthetic medical and beauty services provider that focuses on skin treatment.

H&Q led PhiSkin's series A round fundraising, and invested some 54 million yuan of the total 64 million yuan raised in 2015.