Southeast Asia
SCPE commits $52m to L Capital-owned Crystal Jade
Standard Chartered Private Equity (SCPE) has committed $52 million to Crystal Jade Group Holdings, a food and beverage conglomerate owned by L Capital Asia.
Singapore's Temasek, CVC agree $2b deal for US generic drug firm
Singapore's Temasek Holdings is a member of a CVC Capital Partners-led consortium that has agreed to buy a controlling stake in US-based generic drug manufacturer Alvogen. The deal is said to value the company at $2 billion.
India's Aavishkaar reaches $45m first close on $75m fund
India-based impact investor Aavishkaar has reached a $45 million first close on its South and Southeast Asia-focused fund, which has a full target of $75 million.
First Reserve subscribes to $126m KrisEnergy rights issue
First Reserve will subscribe to a portion of a S$169.5 million ($126 million) rights issue by its investee KrisEnergy. The capital is required to support the oil and gas exploration and production (E&P) company’s development.
Malaysia unveils six equity crowdfunding platforms
The Securities Commission of Malaysia (SC) has announced six registered crowd equity platforms that will be allowed to raise capital for small businesses and start-ups.
Quadria closes maiden healthcare fund at $304m
Quadria Capital, the Singapore and India-based private equity firm, has reached a final close on its maiden healthcare fund at $304 million.
Navegar commits $15m to Philippines-based TaskUs
Manila customer support outsourcing start-up TaskUs has received a $15 million series A round from the Philippines-based Navegar Fund.
TPG joins $129m investment in Singapore's PropertyGuru
Singapore online property portal PropertyGuru has raised S$175 million ($129 million) from TPG Capital, Australia's Square Peg Capital, and Indonesian media company Emtek Group.
Saratoga’s Uno steps back from business, eyes politics
Sandiaga Uno, one of the founding partners at Indonesia-focused GP Saratoga Capital, is scaling back his formal corporate roles with a view to launching a career in politics.
L Capital-owned Ku De Ta to re-brand as Ce La Vi
Ku Dé Ta Group, the Singapore luxury restaurant and club chain controlled by L Capital Asia, has has re-branded as Ce La Vi after losing a legal battle over naming rights.
Tembusu backs Singapore energy efficiency business
Singapore-based GP Tembusu Partners has invested in local energy efficiency services start-up Barghest Building Performance (BBP), providing a "seven-figure" mezzanine commitment.
Buyout target Cocoaland gets offer First Pacific consortium
Malaysian confectionary manufacturer Cocoaland Holdings, which has been targeted by Navis Capital Partners and EQT Partners, has received a buyout offer from a consortium including Hong Kong investment company First Pacific.
Wavemaker provides seed funding for Singapore 3D pen developer
CreoPop, a Singapore start-up which has developed a pen that enables objects to be drawn in 3D, has received seed funding from Wavemaker Partners and the Singapore National Research Foundation (NRF).
Corporate VC: Pleasing the parent
Companies want to keep tabs on technological innovation in order to stay relevant in their industries by nurturing Asia’s tech start-ups. However, there is no uniform approach to corporate venture capital
Silver Lake-backed Avago agrees $37b Broadcom deal
Avago Technologies, a Singapore-incorporated chip maker backed by Silver Lake Partners, has agreed to buy its NASDAQ-listed rival Broadcom Corp. for $37 billion in cash and stock.
Portfolio: Navis Capital and Thailand's Golden Foods Siam
Navis Capital Partners wanted to let the management of Golden Foods Siam off the leash. Six years in, initiatives are taking wing and the company has established itself as Thailand's third-largest chicken producer
VIDEO: Saratoga Capital's Sandiaga Uno
Saratoga Capital is focusing on infrastructure opportunities in Indonesia with a particular emphasis on power and telecommunications, according to Sandiaga Uno, one of the firm’s founding partners
Malaysia’s Cocoaland rejects Navis buyout offer
Malaysian confectionary manufacturer Cocoaland Holdings has rejected a takeover bid from Navis Capital Partners that valued the company at MYR377.5 million ($104 million).
Australia's PE Gateway Group backs messaging service
Australia-based Private Equity Gateway Group (PEGG) has invested in U&Me Communication, a subsidiary of Malaysia’s OM Technology that has developed a mobile messaging platform.
Vietnam's FPT launches venture capital arm
Vietnamese tech group FPT Corporation has launched FPT Ventures, its new venture capital and accelerator unit, which will manage a $3 million fund targeting seed and Series A stage investments.
JFDI opens applications for next program, doubles investment
Singapore-based accelerator Joyful Frog Digital Incubator (JFDI) has started taking applications for its next start-up program - which will be partly offered online - and has doubled the amount it is offering to successful applicants.
Ex-Macquarie Asia PE head Hugh Dyus joins Navis
Navis Capital Partners has appointed Hugh Dyus, who until last year was head of Asia private equity at Macquarie Funds Management, as a partner based in Hong Kong.
VIDEO: Danareksa Capital's Mohammad Afdal Pamilih
Danareksa Capital expects to see increased deal flow from Indonesian state-owned enterprises (SOE) as the government moves forward with privatization plans, said Mohammad Afdal Pamilih, the firm’s president director
SCPE invests in TT Internationals Indonesia business
Standard Chartered Private Equity (SCPE) has invested $42 million in Singapore-based TT International's (TTI) retail electronics business in Indonesia.