Deals
Negotiations are said to be at a fairly advanced stage.
Asia PE-VC Summit 2024
One area where SE Asian emerging managers are finding success is sector specialisation.
Private Equity
The investment firm sees increasing buyout opportunities in the region.
1
KBank becomes the first Thai lender to tap into China’s PE market
2
China ADR short sellers likely lost nearly $7b amid stimulus-stoked rally
3
Chinese logistics firm BingEx valued at nearly $1.2b in US IPO
4
Temasek said to be in early talks for $1b stake in Indian snacks maker Haldiram: report
5
PE firm MBK Partners, Young Poong raise tender offer for Korea Zinc to $1.9b
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TPG appoints Asia co-head, completes SE Asia healthcare consolidation
Lamudi in advanced talks to acquire Indonesian proptech startup Ideal.id
US development bank DFC approves $326m commitments in Asia
Singapore AI startup TeamSolve scores $2.5m funding and other SE Asia deals
Quadria Capital said to weigh investment in Vietnam’s Tam Tri Medical
IPOs & Markets
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Greater China
Kasikorn Vision Shanghai will target investments in high-growth potential companies in China.
Rest of Asia
The new tender offer, valued at $1.88b, has an extended deadline of Oct 14.
Singapore
India
Wanxin, which has yet to generate any revenue, booked a net loss of $4.8m in the first seven months of 2024.
China will not be a market for the new fund.
This includes a $50m equity investment in AP Moller's Emerging Markets Infrastructure Fund II.
TeamSolve's funding round was backed by SGInnovate and Burnt Island Ventures.
The bond proceeds will be used to enhance access to climate finance for financially underserved enterprises.
Despite VC interest, Chinese AR/VR headsets saw their shipment drop by 29% in H1 2024
As part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion earmarked for India.
Philippines
Enstack is looking at expanding to Thailand, Malaysia, and Taiwan.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.
No SE Asia-focused PE fund secured a final close in H1 2024.
Capital raised by Greater China startups fell 55% QoQ to just $9b.
Indonesia
A unit of US-based water treatment solutions firm Gradiant acquired all shares in Singapore’s SpaceAge Labs last week.
ABM Respiratory Care raised funds from Worthy Ventures Resources and TAH Ventures last week.
Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.
Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.
World
Based on earnings multiples, the sale value could reach $2.19b, Bloomberg reported.
The automaker's new funding is on top of $394m in prior investments it made in Joby.
It will ask the court to review a July 2023 decision related to XRP token sold by Ripple Labs.
Malaysia
Traveloka is in the market to raise its last funding round before going public.
Employee compensation accounted for the largest portion of the group's expenses.
In 2022, the company achieved unicorn status after raising $210m in a fresh funding round.
The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings.
Vietnam
Its net loss increased 27% from Q1 and 40% over the same period last year.
It has also appointed new Asia healthcare co-heads.
KIC's new CEO Il Young Park starts his three-year term on Thursday
Kishie joined Citi in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.
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