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.
Kyle Shaw, managing director of Shaw Kwei & Partners, discusses the value to be found in taking traditional yet complex industrial businesses and switching them to a high-end track.
Malaysia-based gym membership app KFit, which is supported by Sequoia Capital and Venturra Capital, has agreed to acquire Groupon’s Indonesia business.
Navis Capital Partners is seeking to raise up to MYR750 million ($183 million) for its second Malaysia-dedicated fund.
Singapore-based venture capital firm DMP has led a $3 million Series A round for Malaysian financial technology start-up Jirnexu.
Khazanah Nasional, an investment fund controlled by the Malaysian government, has opened a new office in London aimed at strengthening the country’s business development links with Europe.
Malaysian state-controlled investment fund Khazanah Nasional has invested $100 million in Fractal Analytics, a data analytics provider based in India and the US.
Shaw Kwei & Partners has merged two Singapore-headquartered portfolio companies – Beyonics and Chosen – to form a leading Asian-based precision parts manufacturing group.
InnoVen Capital, the venture debt firm backed by Temasek and UOB, sees considerable opportunities in Southeast Asia's entrepreneurial community, which the firm's CEO for Singapore and Southeast Asia Chin Chao sees as improving faster than expected.
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
Malaysian PE firm Ekuinas is set to consolidate its control of the Asia Pacific Institute of Information Technology (APIIT) after Sapura Resources agreed to sell its stake in the group, plus related education assets, for MYR247 million ($60.9 million).
Malaysia-based VC-backed internet television service Iflix has attracted $45 million of strategic investment from fellow Netflix rivals, including European broadcaster Sky, to expand the company’s business across Southeast Asia.
Malaysian health and wellness company PurelyB has acquired Singaporean yoga lifestyle website Stretch City.
Blippar, a UK-based developer of augmented reality, computer vision and artificial intelligence technology, has raised a $54 million Series D round to support its Asia expansion plans.
Malaysian PE fund IdeaRiverRun has led a $2 million Series A round of funding for Carsome, a local car purchasing platform.
KV Asia Capital has acquired a controlling stake in TF Value-Mart, a leading hypermarket chain in Malaysia.
Venturra Capital has led a $12 million Series A round for Malaysia-based gym membership app KFit.
Ekuinas, a private equity firm backed by the government of Malaysia, has invested a total of MYR79.8 million ($18.1 million) in two companies that support the healthcare sector.