Global beverage giant Diageo has agreed to sell Windsor, Korea’s best-selling whisky brand, to Pine Tree Investment & Management following the collapse of a transaction involving other Korean private equity firms.
KKR has agreed to invest USD 400m in Malaysian telecoms infrastructure and subsea cable services company OMS Group.
Mandiri Capital, the venture arm of Indonesia’s Bank Mandiri, and Australia-based VC firm Investible have launched a climate technology fund of unspecified size.
J&T Global Express, an express delivery business that launched in Indonesia and expanded region-wide, traded flat on debut following a HKD 3.9bn (USD 499m) Hong Kong IPO.
Korea Investment Partners (KIP) has raised USD 60m for a Southeast Asia venture fund from institutional investors in Korea, Hong Kong, and Singapore.
CVC Capital Partners has acquired a 63.94% stake in Philippines-based hospital operator The Medical City (TMC) following the completion of a tender offer.
Flourish Ventures, a US-based emerging markets financial technology investor with a strong Asia focus, has secured USD 350m for future deployments from its sole LP, eBay founder Pierre Omidyar.
Early-stage VC investor and accelerator SparkLabs Korea has achieved a first close of USD 15m on a deep tech fund. That target corpus has not been confirmed.
KKR-owned Kokusai Electric gained 28% on debut after raising JPY 108.3bn (USD 720m) in Japan’s largest IPO in five years.
LeapMotor, a Chinese electric vehicle (EV) manufacturer that received substantial private funding prior to its Hong Kong IPO in September 2022, has agreed to sell an approximately 20% stake to European automaker Stellantis for HKD 8.5bn (USD 1.1bn).
Lightspeed Venture Partners has led a USD 50m Series B investment in Singapore-based travel wallet and currency exchange app YouTrip.
Saudi Arabia’s Neom Investment Fund, a strategic venture vehicle for the planned smart city of Neom, has made a USD 100m commitment to Chinese autonomous driving player Pony.ai.
Pantheon has opened an office in Singapore, expanding an Asian footprint that already includes bases in Hong Kong, Seoul, and Tokyo.
Philippines private equity firm Navegar has led a USD 34m Series C round for Singapore-based supply chain technology provider Inteluck with support from East Ventures.
India, US, and Nigeria-based renewable energy developer Husk Power has raised USD 43m in Series D funding from global VC investors for a South Asia and sub-Saharan Africa mini-grid rollout.
Schroders Singapore and KBank Private Banking, a unit of Thailand’s Kasikornbank, have jointly launched a Thailand-based renminbi-denominated China private equity fund of undisclosed size.
Australia-based Pacific Equity Partners quietly launched a credit strategy – PEP Capital Solutions – in 2021 and has since deployed AUD 700m (USD 445m). Jake Haines, a managing director at the firm, explains where it has gone
Investors are witnessing an uptick in turnaround opportunities based on delayed pandemic effects and a poor macro outlook. The trend remains anecdotal, but some markets could see a surge
A renewed focus on safety and sustainability has prompted property developers to consider technology-enabled fixes. IsBIM is riding the wave from Greater China through Asia and the Middle East
Bolt.Earth turned its electric vehicle operating system into the foundation stone for India’s largest charging network aimed at two- and three-wheelers overlooked by mainstream operators
Bain Capital and Chinese industrial infrastructure developer DNE Group have jointly launched a USD 250m advanced manufacturing investment platform.
General Atlantic has acquired a minority stake in TBO.com, an India-based business-to-agent travel portal that serves a global customer base, for an undisclosed sum. The deal facilitates a partial exit for Affirma Capital.
Specialist healthcare investor CBC Group has reached a second close on its China-focused life science real assets fund with USD 875m in commitments.