Singapore
Singapore’s GIC backs $2.9b US IT take-private
GIC, Singapore’s sovereign wealth fund, is set to take a minority stake in New York-listed IT services provider Neustar as part of a take-private led by US-based Golden Gate Capital that values the company at $2.9 billion.
Honda invests in Singapore's VC-backed Grab
Southeast Asia-focused ride-hailing app operator Grab has agreed to a strategic partnership with Honda that will include an investment from the car maker.
Cocoon Capital launches in Singapore with $7m seed fund
William Klippgen, founder of Singapore’s InseadAlum Ventures, and Michael Blakey, director of UK-based Avonmore Developments have set up Cocoon Capital, a Singapore firm with a S$10 million ($7.1 million) debut seed fund targeting Southeast Asia and...
Fund focus: Jungle plans tech cross-pollinations
Jungle Ventures' latest fund aims to help start-ups in Southeast Asia reach their potential through cross-border collaboration
Jungle Ventures reaches $100m final close on SE Asia fund
Singapore-based Jungle Ventures has reached a final close of $100 million on its second fund, which will target Southeast Asian technology start-ups.
Singapore's Leonie Hill Capital backs aerospace VC fund
Singapore’s Leonie Hill Capital is backing a $200 million venture fund for the aviation and aerospace industry alongside US-based Starburst Accelerator.
Singapore's Tembusu teams up with Chinese entrepreneur Shengdong Pang
Singapore-based private equity firm Tembusu Partners has teamed up with Shengdong Pang, founder of Chinese start-ups 2345.com and 51.com, to build ties between nascent software companies in China and Southeast Asia.
Vertex leads $5.5m round in Singapore's Spacemob
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has led a $5.5 million seed round for Singapore-based co-working space developer Spacemob.
Singapore's GIC makes changes to senior leadership
Singapore’s GIC Private has promoted Chow-Kiat Lim, currently its group chief investment officer, to the post of CEO, replacing Siong-Guan Lim, who will retire.
Hong Kong tax: A life less certain
Hong Kong introduced legislation intended to give private equity investors greater tax certainty, but the implementation guidelines have moved it further from this goal. The implications could be wide-ranging
Sequoia, Shunwei invest in Singapore’s Patsnap
Sequoia Capital China has led a Series C round of funding for Singapore-based Patsnap, a web-based intellectual property analytics and management software developer.
Asia PE and upstream energy: Under the pump
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
Asia fintech hubs: Head start
Singapore's move to strengthen its financial technology ecosystem underlines the importance of creating appropriate infrastructure and incentives for start-ups in the space
Singapore's MC Payment gets $3.5m for SE Asia expansion
Singapore private equity firm 2W Group has led a $5 million ($3.5 million) funding round for domestic financial technology company MC Payment.
Asia’s LP landscape
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
Singapore to ease regulations on start-ups as part of fintech push
Singapore is promising to provide venture capital firms with streamlined approval processes and tailored incentives as part of efforts to develop the fundraising landscape for local start-ups.
Tech & government: 20 years of early days
Since the dawn of the internet in the mid-1990s spurred a global rebalancing of economic power, Asia’s newest VC heavyweights have raised questions as to how this technology-driven shift will be governed
Warburg Pincus supports take-private of Singapore's ARA
Warburg Pincus has joined a consortium of investors including China’s Avic Trust to privatize Singapore-listed real estate fund management company ARA Asset Management.
IFC proposes backing Jungle's SE Asia seed fund
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed a $2 million investment in Jungle Ventures' Southeast Asia-focused seed fund.
Alibaba-backed Lazada buys Singapore's RedMart
Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet and recently acquired by Chinese e-commerce giant Alibaba Group, has bought Singapore-based online grocer RedMart.
Singapore's Jubilee Capital in $30m first close on tech fund
Jubilee Capital, a newly formed venture investment firm based in Singapore, has reached a first close of $30 million on an early-stage technology fund targeting $100 million.
Southeast Asia dating app raises $32.5m round
Paktor, a Southeast Asia-focused mobile dating app, has received $32.5 million in new funding led by K2 Global – a venture capital firm that makes late-stage tech investments in Asia and the US – and Indonesia-based MNC Media Group.
Deal focus: Eywa brings experienced edge to generics
Eight Roads Ventures India sees considerable strengths in Eywa to tackle the lucrative US generic pharmaceuticals market
Northstar submits $238m offer for Singapore-listed Innovalues
Northstar Group has offered to buy Singapore-listed Innovalues, a components manufacturer for the automotive and industrials sectors, in a deal that values the business at approximately S$331.4 million ($238 million).