AVCJ

Weekly digest - April 13 2022

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13 April 2022
CHINA CONSUMER: BRANDS AND TRAFFIC
COVER STORY
Investment in China’s consumer sector has fluctuated in line with the fortunes of companies. Applying TMT logic to brand building didn’t help.
AVCJ's weekly digest returns on April 27

 

PORTFOLIO
AFFINITY EQUITY PARTNERS AND SERVEONE
AFFINITY EQUITY PARTNERS AND SERVEONEAffinity Equity Partners is redefining the B2B outsourcing industry by helping Korea’s ServeOne, escape the gravity of its chaebol parent to access new markets and business lines.
ANALYSIS
1Q ANALYSIS: MONETISING MANAGERS
1Q ANALYSIS: MONETISING MANAGERSBaring Asia and PAG underline the value of their management entities; exits slump amid uncertainty; BGH Capital, renminbi GPs shore up fundraising; investment fails to extend the late 2021 flourish.
FUND FOCUS
ASEAN FINDS NEW INROADS TO GLOBAL TECH
ASEAN FINDS NEW INROADS TO GLOBAL TECHSeaX Ventures is ramping up its “corporate venture capital-as-a-service” with a significantly upsized second fund and sharpened strategy around deep tech demand in Southeast Asia.
DEAL FOCUS
WHOLESUM BRINGS AGGLOMERATION TO KOREA
WHOLESUM BRINGS AGGLOMERATION TO KOREADrawing inspiration from US-based Thrasio and from his own background in special situations investing, Andrew Joo wants to turn Wholesum into a Korean multi-brand powerhouse.
By the Numbers
AVCJ RESEARCH
LIQUIDITY CHANNELS
Proceeds from private equity-backed IPOs in Southeast Asia reached a record USD 2.5bn in 2021. E-commerce platform Bukalapak's USD 1.5bn Jakarta offering was a key contributor. Four months into 2022, Indonesia has delivered again, with super app GoTo raising USD 1.1bn. Regulators have sought to make the market more appealing to technology start-ups by loosening profitability requirements and permitting multi-class share structures. Given the post-IPO decline in Bukalapak's share price, GoTo will be followed closely in the coming weeks. More institutional investor support is required if PE-backed IPOs in Southeast Asia are to achieve more traction.
LIQUIDITY CHANNELS
All of the trends featured here were sourced from AVCJ's proprietary database, AVCJ Research, featuring comprehensive information on private equity deals, fundraises and exits.
The rest of the week
FUNDS
DEALS
For your calendar
UPCOMING EVENTS

 

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