A VinaCapital-led consortium will invest $21.4 million in Ngoc Nghia, a Vietnam-based plastics supplier that claims to be the largest local packaging materials producer of its kind.
VinaCapital will contribute $17 million to the investment, taking a stake of undisclosed size and nominating two board members. The firm is investing via its Vietnam Opportunity Fund (VOF), a London-listed...
HESTA has acquired a A$120 million ($85 million) equity stake in Australian enterprise software and IT services provider Citadel, following its merger with medical practice software specialist Genie Solutions.
CVC Capital Partners has agreed to sell Malaysia-based snack foods producer Munchy Food Industries to Universal Robina Corporation (URC) – a branded consumer food and beverage business in the Philippines – for MYR1.93 billion ($454 million).
There is not enough capital in Asia to address the number of secondary opportunities – mirroring the situation globally – with investors claiming to have more transaction choices than ever before.
Moore Threads, a Chinese chip designer established 13 months ago by a team from Nvidia, has closed Series A at RMB2 billion ($313 million) led by Shanghai Guosheng Capital, 5Y Capital, and a BOC International fund.