Indonesia
Chandra Asri is acquiring ExxonMobil’s Esso-branded retail fuel station network in Singapore.
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Singapore
The vehicle is anchored by a commitment from the Green Climate Fund.
India
EY is understood to be managing the fundraising process.
Greater China
The deal may value the Italian luxury sneaker maker at $3b.
PE fundraising in China stood at only $3.6 billion as of June this year, compared to $23.6 billion a year earlier.
Rest of Asia
The fund aims to raise $150-200 million with a first close of $70-85 million by Dec 2025.
The fund is set to invest in mid-market companies in India and SE Asia.
Orix will hold a 60% stake, while the SWF will hold the balance 40%.
Funds for the acquisition will come predominantly from KKR’s Global Impact Fund II.
ChrysCapital announced the closure of its tenth fund last week, creating India’s largest PE vehicle.
