Venture capital and private equity has always played an important role in the transfer of technology, talent and brands names from developed Western markets into Asia. This is perhaps best illustrated by the spate of “me-too” companies that mimicked the business models of their US brethren in the technology and internet space. There was no denying the rationale: Implement the model in Shanghai or Mumbai and then replicate it nationwide, leveraging the sheer size of the Chinese and Indian markets.
Results were mixed, but the most successful cases have threatened to dwarf the valuations of the original companies. Apart from technology plays, the importing of brand name products and services has...
Timothy Zee, a Singapore-based managing director with PAG whose primary responsibilities included deal sourcing and business development, has left the firm after 10 years.
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.