Malaysia-based middle-market private equity firm Creador has paid an undisclosed sum for a 30% stake in local tea shop operator Tealive.
Singapore’s MatchMove, a financial technology start-up with several VC backers, has raised $100 million from US-based IT services provider Nityo Infotech.
The US International Development Finance Corporation (DFC) – formerly the Overseas Private Investment Corporation (OPIC) – has made commitments to funds being raised by Southeast Asia-focused Openspace Ventures and India’s Chiratae Ventures.
US-based Goodwater Capital and Valar Ventures, a firm co-founded by PayPal co-founder Peter Thiel, have led a $60 million round for Indonesian financial technology start-up BukuWarung.
Vietnam’s Mekong Capital has invested $10 million in local water purifier and electrical appliances maker Mutosi Group.
Good Startup, a food tech VC set up in Singapore last year, has hit a $25 million first close on its debut fund, which will invest exclusively in alternative protein start-ups.
Singapore-based iGlobe Partners has closed its third venture capital fund with $100 million in commitments.
KV Asia Capital has reached a first close of $100 million for its second Southeast Asia private equity fund. The vehicle, which focuses on the lower middle market, has a target of $300 million.
HarbourVest Partners has expanded its Asia footprint by adding an office in Singapore and strengthened its Hong Kong team with the recruitment of Lydia Hao from Neuberger Berman.
Heritas Capital, a Singapore-based private equity firm sponsored by industrial conglomerate IMC Group, has reached a first close of $60 million on a pan-Asia impact investment fund.
L Catterton has led a $40 million Series B round for Singapore’s Zenyum, a company that makes 3D-printed dental products.
Thailand-based express delivery company Flash Express has raised $150 million across an extended Series D round and a Series E round. It has now raised approximately $550 million to date and claims to be Thailand’s first unicorn.
KKR is mobilizing its recently established global impact fund to invest Vietnamese K-12 bilingual school operator EQuest Education.
Myanmar has proven unique among Asia’s frontier markets in terms of volatility and risk. As its ongoing humanitarian and political catastrophe deepens, a sense of helplessness has taken root
Canadian pension fund OMERS, an established infrastructure investor in Asia, is beginning to make its mark regionally in private equity. Post-pandemic China has provided a foothold
PropertyGuru, a Singapore-based real estate portal backed by the likes of TPG Capital and KKR, has acquired REA Group’s property technology assets in Malaysia and Thailand.
Institutional investors are encouraged by the progress Vietnam has made in terms of macroeconomic stability and ease of doing business, but they are still waiting for the local private equity ecosystem to reach its next level of maturity.
Vivo Capital and Novo Holdings have led a $200 million Series A round for Esco Lifesciences, a Singapore-based manufacturer of biopharma lab equipment and medical devices.
The Southeast Asian manager will commit up to $100 million to hospital roll-up strategy intended to address rising demand for private healthcare in Malaysia’s underserved territories
In Hummingbird Bioscience and Halodoc, Novo Holdings believes it has backed a potential global leader in hard-to-drug cancer and a likely domestic champion in telemedicine and disease management
Navis Capital Partners has acquired a majority stake in Malaysia-based hospital developer Aurelius Healthcare for an undisclosed sum.
TaniHub, a platform that connects farmers with customers and other agriculture industry suppliers, has closed a $65.5 million Series B round led by MDI Ventures.
Novo Holdings, which manages the wealth of Denmark’s Novo Nordisk Foundation, has led a $125 million Series C round for Hummingbird Bioscience, a Singapore and US-based drug developer.
A consortium led by Alibaba Group and Baring Private Equity Asia has invested $400 million in the combined consumer goods and grocery retail operations of Vietnam conglomerates Masan Group and Vingroup.