Weekly digest - January 26 2022
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26 January 2022
COVER STORY
China exit timelines were thrown into disarray last year when US IPOs stopped. Regulators have offered some clarity, but investors are unsure when – or if – the magic will return.
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AVCJ's weekly digest will not publish on February 2 due to the Lunar New Year Festival holiday in Hong Kong. Normal service will resume on February 9.
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PORTFOLIO
AFFIRMA AND KOREA'S SUNWOO FRESH
 Affirma Capital is helping Korea’s Sunwoo Fresh discover new revenue streams overseas, online, and in adjacent links of the beef importing value chain. Aggressive M&A has accelerated the process.DEAL FOCUS
BARING ASIA COMPLETES INTERPLEX TURNAROUND
 Refocusing on high-growth segments like electric vehicles – plus a smarter approach to sales and operations – underpinned Baring Private Equity Asia’s 4x return on engineering business Interplex.DEAL FOCUS
DARWINBOX'S UNUSUAL PATH TO UNICORN STATUS
 Most of India’s top software-as-a-service companies gained traction in the North American market. Darwinbox cracked Southeast Asia first, thanks to a product with broad appeal and local nuance.DEAL FOCUS
FOUNDATION EYES A BRIGHT FUTURE
 In leading an USD 82m cross-currency restructuring of a consumer-tech portfolio managed by China’s Bright Capital, Foundation Private Equity opted for a structure that is unusual yet prioritises alignment. |
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SEEN AND HEARD
REGIONAL REBALANCING
Investor interest in less-trafficked Asian markets - as a hedge to increasing geopolitical tensions and regulatory uncertainty in China - more specialized European strategies will continue to expand in 2022, according to Cambridge Associates. SEEN AND HEARD
ASIA CREDIT AGENDA
A Western-led economic recovery, attempts to tame inflation, the search for real yield, and increased emphasis on environment, social, and governance (ESG) will be the key private credit themes of the next 12 months, according to Zerobridge Advisors. |
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Singapore fintech start-up LXA gets $10m seed round
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Insight leads $50m round for Australia's Roller
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