Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital...
Technology | 18 Mar 2015
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
Southeast Asia | 18 Mar 2015
Indonesian e-commerce portal IndoTrading has raised $1.5 million in a Series A round of funding led by OPT SEA, the Southeast Asian investment arm of Japanese e-marketing firm OPT.
Southeast Asia | 12 Mar 2015 |
With incomes rising and tastes becoming more refined, Asia represents a growing market for luxury goods. Chocolate is no exception. While supply problems are partly responsible for a 30% increase in global cocoa prices over the last two years, the 60%...
Expansion | 11 Mar 2015 |
The government-backed Cool Japan Fund will contribute JPY4.4 billion ($37 million) to a JPY 11 billion investment in entertainment channel Wakuwaku Japan alongside SKY Perfect JSAT Corp (SJC).
North Asia | 06 Mar 2015 |
Rocket Internet has participated in a Series A round of funding for Indonesian online wedding marketplace Bridestory. The size of the investment was not disclosed, but it is said to be between $1 million and $10 million.
Southeast Asia | 06 Mar 2015 |
Andy Lim, co-founder of Tembusu Partners and founder financial services group MoneyWorld, has launched Singapore's first equity crowdfunding platform.
Southeast Asia | 05 Mar 2015 |
Koichi Saito, a former partner at Japanese venture capital firm IMJ Investment Partners, has launched his own VC outfit - KK Fund.
Early stage | 05 Mar 2015 |
Malaysian financial services provider CIMB Group and Japan's Mitsubishi Corporation have announced a first close of $130 million on their ASEAN Industrial Growth Fund (AIGF).
Southeast Asia | 04 Mar 2015 |
KV Asia Capital has invested in Aalst Chocolate, a Singapore-based manufacturer of premium chocolate. Financial terms were not disclosed.
Southeast Asia | 03 Mar 2015 |
Ontario Teachers’ Pension Plan (OTPP) has led a new round of funding for Singapore-headquartered mobile internet and gaming platform Garena. Existing shareholders also participated.
Technology | 03 Mar 2015 |
Malaysia-based GP Navis Capital Partners has agreed to buy Domestic Medical Division (DMD), the cold chain medical equipment unit of Sweden's Domestic Group. The financial terms of the deal were not disclosed.
Southeast Asia | 25 Feb 2015 |
Astronscale, a Singapore-based start-up that develops satellites to remove space debris, has raised $7.7 million in a Series A round of funding from JAFCO and nine entrepreneurs from Japan.
North Asia | 24 Feb 2015 |
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)
Southeast Asia | 23 Feb 2015 |
Malaysia’s CMS Opus Private Equity has completed a full exit from TriSystems Engineering, a domestic engineering firm which focuses on the oil and gas sector,for MYR22 million ($6 million).
Southeast Asia | 18 Feb 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo