Private Equity
If the deal fructifies, Phuong Chau could be the second exit in Vietnam by CVC.
1
CVC's Phuong Chau sale draws interest from GIC-backed firm, PE giants
2
Apis Partners exits Indonesian B2B payments firm DOKU
3
MSCI raises new Indonesia transparency concerns ahead of emerging markets verdict
4
Manus original investors plan to buy back AI firm from Meta for $2b
5
SpaceX shares fall as post-IPO frenzy loses steam
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Deep tech takes larger share of SE Asia venture market despite wider funding crunch
Apis first invested $32m in DOKU in 2021 for a minority stake.
Analysis
Indonesia’s capital markets have plunged since MSCI warned of a potential downgrade to frontier status.
Deals
China earlier ordered Meta to unwind its acquisition of Manus.
IPOs & Markets
The stock was last down 6.5% at $178.50, after falling nearly 5% in the last session.
India
The funding also saw participation from Accel, Boldcap, Nexus Venture Partners and others.
Rusk Media has raised about $10.6m led by Nazara Technologies.
L’Oreal’s had acquired Mumbai-based Cheryl’s Cosmeceuticals in Sept 2013.
World
The move follows a selloff in shares of Partners Group on the Swiss stock exchange on June 3.
Temasek stands to make Rs 2,067 crore ($220m) via its Aranda Investment arm.
