Thai Union Frozen Products, the world’s largest producer of canned seafood, has agreed to buy Bumble Bee Seafoods from US-based GP Lion Capital for $1.5 billion.
Exits | 22 Dec 2014 |
Lombard Investments and LeapFrog Investments have acquired a 21.75% stake in Thailand’s Syn Mun Kong Insurance (SMK) from Royal & Sun Alliance Group (RSA) for THB1.89 billion ($57.5 million).
Southeast Asia | 21 Dec 2014 |
Harjit Bhatia has returned to Asia Growth Capital Advisors (AGCA) as executive chairman. He left the firm in 2012 to become managing partner and CEO at PineBridge Asia Partners.
People | 18 Dec 2014 |
Strong capital markets facilitate bumper exit activity; pan-regionals, venture capital dominate fundraising; China’s leads revival in growth capital investment, with Korea still buyout central
Investments | 17 Dec 2014 |
CVC Capital Partners is set to make a partial exit from Rizal Commercial Banking Corporation (RCBC) as Cathay Life Insurance confirmed it had agreed to buy a 20% stake in the Philippines lender for PHP17.92 billion ($400.5 million).
Financials | 17 Dec 2014 |
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).
Industrials | 17 Dec 2014 |
Japanese tech giant SoftBank Corp. has committed $250 million to GrabTaxi, becoming the largest investor in the Southeast Asia-focused mobile taxi-booking platform.
Southeast Asia | 04 Dec 2014 |
“We go in with a certain hypothesis of growth and revenue. Sometimes you’re not able to guess how the market will react. If the hypothesis is not confirmed within 3-6 months then we decide to pull out.”
Consumer | 03 Dec 2014 |
Temasek Holdings has led a EUR200 million ($249 million) round of funding for Lazada, a Southeast Asia-focused online retailer set up by Germany’s Rocket Internet.
Consumer | 02 Dec 2014 |
Startupbootcamp FinTech, a Europe-based accelerator that focuses on financial technology, has launched an Asian program in Singapore.
Early stage | 01 Dec 2014 |
Jakarta-based VC firm Convergence Accel has launched a $25 million debut fund that will invest in Indonesian early-stage technology companies.
Southeast Asia | 24 Nov 2014 |
Investors see great potential in Asia’s private debt markets, but some GPs and LPs’ attitudes towards downside protection and enforceability keep them out of emerging markets
Financing | 19 Nov 2014 |
RRJ Capital has agreed to invest $1 billion in convertible notes issued by Cheniere Energy, a US-based liquefied natural gas (LNG) producer.
PIPEs | 14 Nov 2014 |
GIC Private has agreed to pay PHP17.6 billion ($391 million) for a 9.64% stake in Emperador (EMP), a Philippines-based liquor producer. Its parent is Alliance Global, a conglomerate controlled by local businessman Andrew Tan.
PIPEs | 10 Nov 2014 |
The Abraaj Group has acquired a majority stake in the Wine Connection Group, a Southeast Asia-focused food and beverage chain.
Consumer | 07 Nov 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta