World
The 178-year-old wealth manager has been valued at $1.7b.
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Editor’s Take: The Week That Was — Dec 16-21
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Toshiba's reforms remain unfinished a year after going private
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Indonesia's Mayapada Group charts ambitious healthcare expansion
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Investors spot big promise in India's mid-price coffee segment
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Indonesian startup Magalarva bags funding from angel network
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Indonesia’s Mayapada Group charts ambitious healthcare expansion
Singapore’s insurtech firm bolttech, valued at $2.1b, raises over $100m
Indonesia anti-graft agency raids office of Financial Services Authority
Malaysia Airports $4b takeover offer by investors is reasonable, says deal adviser
Indonesia
The firm plans to disburse loans worth 3 trillion rupiah every month by end-2025.
India
ADB and BII also participated in the Series F round.
Mitsubishi UFJ and Sumitomo Mitsui Banking Corp are also interested in the stake.
Rest of Asia
The firm has received a preliminary nod to operate from Abu Dhabi’s financial centre ADGM.
In Jan, MobiKwik filed for an IPO worth up to $84m.
AUM of HPS has vaulted to about $148b as of Sept from $34b in 2016.
Univest had last raised $1.5 million in seed funding in March 2023.
The OJK has asked the startup’s investors to increase paid-up capital.
Private capital investments in India have been witnessing a rebound this year.
