Southeast Asia's aCommerce delayed its Series B round in order to form a strategic partnership with - and take some capital from - Europe-headquartered DKSH
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
Formation 8 has re-upped in South Korean mobile internet company Yello Mobile, leading a $47.2 million financing round. The capital will be used to strengthen the company’s business domestically and across Asia.
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
The Overseas Private Investment Corporation (OPIC) has committed $200 million to LeapFrog Investments as part of a $1 billion financing drive for development-oriented funds in emerging markets.
DKSH, a Switzerland-based company that helps clients find outsourcing partners in new markets, has acquired a 20% stake in Southeast Asia-focused e-commerce solutions provider aCommerce.
Navis Capital Partners saw in ECO Industrial Environmental Engineering a potential leader in the hazardous waste management industry. Getting there was tougher than expected
Having acquired Golden Foods Siam from a foreign parent that didn't want it and given management the resources to pursue expansion, Navis Capital Partners has sold the business to a strategic buyer for a 3.4x return
Venturra Capital, the recently launched Southeast Asia VC firm sponsored by Lippo Group, has invested an undisclosed amount in Singapore-based bitcoin start-up BitX.
TPG Capital has acquired a 50% stake in Myanmar Distillery Company Group (MDC), the Southeast Asian country’s leading manufacturer and distributor of spirits, including top domestic whisky brand Grand Royal.
Singapore-based biotech developer Aslan Pharmaceuticals has raised $34 million in a Series C round led by Accuron Technologies, a subsidiary of government-sponsored investment firm Temasek Holdings.
Thai Union Frozen Products’ $1.5 billion acquisition of Bumble Bee Seafoods from Lion Capital has been abandoned after the US Department of Justice informed the companies that it was concerned the deal would harm competition.
Ride-hailing apps including India's Ola, China's Didi Kuaidi, Southeast Asia's GrabTaxi and US-based Lyft have announced a strategic global partnership.
Singapore-based beauty services booking app Vanitee has closed its first round of funding at S$5 million ($3.6 million).
PropertyGuru, a Singapore-based online real estate portal backed by TPG Capital, Square Peg Capital and Emtek Group, has bought Indonesian property listings site RumahDijual for an undisclosed sum.
Navis Capital Partners is set for a 3.4x return on Thailand-based poultry producer Golden Foods Siam (GFS), having agreed to sell the company to BRF, a leading processor of chilled foods in Brazil, for $360 million.
Beyond Navis Capital and Northstar Group, there are few Southeast Asia-focused GPs of meaningful scale. The lack of integration between markets in the region remains an issue
Northstar Group has reached a final close of $810 million on its fourth fund, which targets Southeast Asia, with a particular focus on Indonesia. Meanwhile, the firm’s VC unit, NSI Ventures, has closed its debut fund at $89 million.
Australian resources-focused investor EMR Capital is leading a consortium that has agreed to buy an Indonesia-based gold mine from Hong Kong-listed G-Resources for $775 million, including debt.
Venturra Capital, a Southeast Asia-focused VC fund sponsored by the Lippo Group, has led a $4 million Series A round for Malaysian local services marketplace Kaodim.
Lakeshore Capital Asia has closed its first Thailand-focused fund - one of the few such vehicles, if not the only fully institutional player - at $60 million.
Indonesia-based venture capital firm Ideosource has committed $22 million to online electronics retailer Bhinneka.
Vertex Venture Holdings, the VC arm of Singapore-based Temasek Holdings, has launched a $200 million captive fund for investments in India and Southeast Asia.
Singapore-based early stage investor Golden Gate Ventures will commit more than $4 million to six Southeast Asian start-ups.