Malaysia's OSK invests Singapore's Blue Planet
Malaysian private equity firm OSK Ventures International has made an investment of undisclosed size in Singapore waste management company Blue Planet Environmental Solutions.
Blue Planet offers waste management services including systems for converting thin-film plastic waste into commercial use diesel, and the processing of organic waste into compost and biogas. It plans to use the fresh capital to acquire innovative technologies that can be used to manage waste streams according to specific regional requirements.
“With Blue Planet’s proven technology and significant track record in delivering viable solutions in the waste management platform, we look forward to growing with them and at the same time, being able to contribute towards greater social impact especially with regards to the environment,” Patrick Yee, CEO at OSK, said in a statement.
OSK was founded in 2000 and listed on the Bursa Malaysia in 2004. Investment activity spans Southeast Asia, China, and Australia, with a focus on companies ranging from revenue generating start-ups to small to medium-sized enterprises with operating profit track records seeking expansion capital.
More on Southeast Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.