The Riverside Company has completed its second deal in Malaysia as Drex-Chem Malaysia (now known as DCM Asia), the chemicals distributor it bought in 2014, acquired Erapoly Marketing.
Iflix, a primarily Southeast Asia-focused video streaming service that follows a similar business model to Netflix, has raised $90 million in Series B funding led by Liberty Global and Kuwaiti telecom company Zain Group.
Malaysian VC-backed online-to-offline (O2O) e-commerce company Fave has agreed to acquire Groupon Singapore, extending a string of related bolt-ons in Southeast Asia.
Increased urgency around demographic tailwinds in the funeral services space has coincided with a spate of investment activity in recent years. Private equity could be well positioned to play a leading role
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Serba Dinamik Holdings, a Malaysian oil and gas services provider backed by CMS Opus Private Equity (COPE), posted a marginal gain on its first day of trading on the Bursa Malaysia after raising MYR600 million ($135 million) in its IPO.
Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata
Creador has reached a final close of $415 million on its third Southeast Asia and India-focused fund, short of the original $450 million target.
Innovation Network Corporation of Japan (INCJ) and Malaysian state-controlled fund Khazanah Nasional have agreed to invest a combined $600 million in Kuala Lumpur-based telecom infrastructure company Edotco.
Malaysian gym membership app KFit, whose VC backers include Sequoia Capital and Venturra Capital, has acquired Groupon Malaysia.
Although a low oil price environment has created interesting inroads for PE investors seeking exposure to Asia’s growing energy consumption story, challenges of timing and targeting have slowed uptake
Malaysia’s Employees’ Provident Fund (EPF) and Australia-based QIC differ markedly in terms of the maturity of their PE programs, but there is a common interest in establishing close ties to a limited number of GPs and pursuing co-investment.
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
The Blackstone Group has terminated an $800 million commitment to develop oil and gas assets in Southeast Asia with Malaysia-based Tamarind Energy.
As governments of Southeast Asia’s emerging economies look to create more workable VC policy environments, start-ups and investors have proliferated across a patchwork of imperfect systems
Simmons Private Equity (SPE), an energy-focused investor based in the US, has acquired Malaysian oil company Leap Energy as part of a plan to establish a global upstream consulting group.
Asia Pacific Medical Group (APMG), a medical platform owned by Bain Capital, has agreed to sell Singapore and Malaysia-based plastic surgery brand The Sloane Clinic to China Medical (International) Group (CMIG).
Malaysia’s public sector pension fund, KWAP, has invested in US-based ride hailing app operator Uber Technologies. This is its first direct investment in a foreign company.
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.
Sequoia Capital India has led a $7.5 million Series A round for Singapore-based crowdfunding platform Funding Societies.
Ekuinas, a private equity firm backed by the Malaysian government, has acquired a 35% interest in Al-Ikhsan Sports, the country’s leading sportswear retailer, for MYR68.6 million ($16.9 million).
Continued economic integration with Southeast Asia could open the way for transformative investment opportunities, but private equity players must believe in the region’s potential before they take the plunge.