Myanmar
Alibaba buys Rocket-backed South Asia e-commerce business
Alibaba Group has acquired Daraz, an e-commerce platform incubated by Rocket Internet that is the market leader in Pakistan and has a presence in several other South Asian countries.
Asia risk: Bullish on the brink
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Anthem seeks up to $50m for Myanmar fund
Anthem Asia has launched a Myanmar-focused private equity fund with a view to raising up to $50 million for investment in small to medium-sized enterprises (SMEs).
TPG exits Myanmar Distillery
TPG Capital has sold its stake in Myanmar Distillery Company (MDC), the producer of Grand Royal Whisky, as a Thailand-based strategic acquired a majority interest in the business.
Dymon invests $15m in Malaysia bottled water company
Singapore-based Dymon Asia Private Equity has agreed to acquire a 13% stake in Malaysia-based and Myanmar-listed bottled water producer Spritzer for about MYR63 million ($15 million).
Singapore's VC-backed Grab commits $100m to Myanmar
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
Frontier markets: Late to the boom
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
Dragon Capital sets up microfinance business in Myanmar
Vietnam-based private equity firm Dragon Capital has made its first investment in Myanmar, teaming up with a local strategic partner to seed a Yangon-based microfinance services business.
Delta Capital reaches $30m first close on Myanmar-focused fund
Delta Capital Myanmar, formerly known as PMM Partners, has reach a first close on its second Myanmar-focused fund at $30 million. The full target is $100 million.
Anthem Asia invests in Myanmar’s Rangoon Tea House
Anthem Asia is backing an expansion drive for Myanmar restaurant Rangoon Tea House (RTH) that will see the company offer services outside catering while developing new brands.
Profile: Myanmar Investments' Aung Htun
Myanmar Investments founder Aung Htun sees his latest venture as the culmination of his years spent finding a way forward in Asia by embracing the unorthodox
Rocket-backed frontier markets e-commerce platforms to merge
Two Asian frontier markets e-commerce platforms created by Rocket Internet – Daraz and Kaymu – have agreed to merge.
Myanmar PE: Back to the future
Myanmar’s relatively abrupt transformation from impoverished pariah to upbeat high-growth investment target has resulted in some interesting challenges for private equity and venture capital
OPIC initiates $250m loan for Myanmar's Apollo Towers
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, has begun the initial disbursement of a $250 million loan to private equity-backed Apollo Towers Myanmar.
CDC commits $10m to South Asia impact investor
The DFID Impact Fund, a social impact investment vehicle managed by UK-based development finance institution CDC, has made its first investment in South Asia, committing $10 million to the Insitor Impact Asia Fund.
IFC to invest in Southeast Asia frontier markets fund
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $7.5 million in a PE fund managed by Singapore's Emerging Markets Investment Advisers (EMIA).
TPG buys 50% of Myanmar spirits producer
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.
Deal focus: CDC backs frontier e-commerce strategy
Daraz gets $55 million to build out its online retail marketplace in Pakistan, Bangladesh and Myanmar
CDC invests $55m in Asia frontier markets online retailer
CDC Group, the UK development finance institution, has invested EUR50 million ($55 million) in Daraz, an online retailer operating in Pakistan, Bangladesh and Myanmar.
Anthem invests in Myanmar mobile data collection platform
Myanmar-focused investor Anthem Asia has provided funding to Xavey, a local mobile data collection platform that works with groups conducting research and surveys.
PE-backed Maxpower sells stake in Myanmar unit to Mitsui
Mitsui & Co. has acquired a 44% stake in the Myanmar business of Maxpower Group, a Southeast Asia –focused gas power plant developer backed by Standard Chartered Private Equity (SCPE).
Profile: Anthem Asia's Josephine Price
After more than a decade at CLSA Capital Partners, Josephine Price left to pursue an interest in sustainable investment. It led her to Myanmar, the region’s last frontier market, and Anthem Asia
Portfolio: Standard Chartered and Navigat
Supported by Standard Chartered, Indonesia-based Navigat has evolved from a gas power equipment distributor into a fully-fledged independent power provider, serving geographies that others can’t reach
Anthem Asia backs Myanmar PR agency
Anthem Asia, a recently established private equity firm based in Myanmar, has invested in Blink, a PR and digital marketing agency.