The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
According to Nikkei, JBIC will invest up to $92 million in newly issued preferred stock while a special purpose vehicle - 60% owned by Mitsubishi and 40% owned by Mitsubishi Heavy - will acquire 38.4%...
AVCJ’s daily bulletin will not be published on May 19 due to a public holiday in Hong Kong.
Gojek and Tokopedia, two of Indonesia’s best-funded technology start-ups, have completed a merger, forming what they claim is the largest mobile on-demand services and payments platform in Southeast Asia.
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
Japanese microsatellite developer Axelspace has raised JPY2.6 billion ($24 million) in Series C funding from a group of domestic VCs, including Sparx Group.