Southeast Asia
AGIC backs Singapore medical device manufacturer
Hong Kong-headquartered AGIC Capital, an Asia-Europe cross-border specialist, has led a growth equity round of undisclosed size for Singapore-based medical devices maker AP Technologies.
Bain agrees $3.1b Chindata take-private
Bain Capital has agreed to acquire US-listed data centre operator Chindata Group for an equity value of USD 3.16bn, which will lead to the privatisation of a business it took public less than three years ago.
Singapore commits $111.5m to fintech ecosystem
The Monetary Authority of Singapore (MAS) has committed to invest up to SGD 150m (USD 111.5m) over three years in the local VC and financial technology start-up ecosystem.
Singapore's Quadria secures $200m 'social' credit facility
Singapore-based healthcare specialist Quadria Capital has secured a revolving credit facility of up to USD 200m for investments deemed “social projects.”
Malaysia's Vynn achieves first close on second VC fund
Malaysia-based early-stage investor Vynn Capital has reached a first close of unspecified size on its second fund, with strong support from corporates and family offices in Southeast Asia.
Citi, MUFG back Singapore digital wealth platform Endowus
Citi Ventures and MUFG Innovation Partners have joined a USD 35m funding round for Endowus, a Singapore-based digital wealth platform that serves high net worth individuals and public pensions.
Carlyle backs Quest Global, Bain, Advent exit
The Carlyle Group has agreed to acquire a significant minority stake in Singapore-based engineering services company Quest Global, facilitating exits for Bain Capital and Advent International.
Singapore's Nium raises capital at $2b valuation
Singapore-based payments technology provider Nium claims to have doubled its valuation in the past 24 months to USD 2bn with new investors such as US-based Bond and Moore Capital joining the capital table.
Deal focus: Change at the margins for Proterra Asia
Proterra Asia has been investing in food and agriculture across the region for 13 years. This will continue, regardless of tweaks in management entity ownership and fund structure
Profile: Mekong Capital’s Chad Ovel
An outdoorsman with a passion for mountaineering and a background in sustainable forestry, Chad Ovel found a good fit in Mekong Capital’s strategy targeting the frontier of Vietnam’s consumer markets
Singapore's Mirxes raises $50m, files for Hong Kong IPO
Singapore-based biotech player Mirxes has raised USD 50m in Series D funding - at a post-money valuation of USD 600m - from the likes of Beijing-based Fupu Capital and Japan's Mitsui & Co, and filed to list in Hong Kong.
Astra leads Series D for Indonesia health-tech player Halodoc
Indonesia-based healthcare technology platform Halodoc has completed its Series D round with USD 100m in commitments. It comes more than two years after the company raised USD 80m in Series C funding.
Olympus part-exits Singapore's Constant Energy via trade sale
Olympus Capital Asia has made a partial exit from Singapore-based renewables platform Constant Energy through a sale to Europe-headquartered Virya Energy.
DCP sells MFS Technology to Chinese strategic for $460m
DCP Capital Partners has agreed to sell MFS Technology, a manufacturer of customised printed circuit boards (PCB) that has a presence across Asia, to Shenzhen-listed Victory Giant Technology for USD 460m.
Singapore's GIC emphasises infrastructure, sustainability
Singapore’s GIC is leaning towards infrastructure and sustainability-related assets as part of efforts to ensure portfolio resilience in the face of continued disruption driven by inflation, chronic geopolitical risk, and rising interest rates.
TNB Aura leads $17m Series A for Vietnam's Gimo
TNB Aura has led a USD 17.1m Series A round for Gimo, a Vietnam-based start-up that operates a wage access platform aimed at underbanked workers.
Malaysia's COPE backs corporate accounting business
Malaysia’s COPE Private Equity has confirmed an investment of undisclosed size in CC International, a local professional services firm with a footprint in Australia and plans for further expansion.
Fund focus: Eurazeo’s climate thesis resonates with LPs
Eurazeo shattered the target for its second smart city fund thanks to an agenda that dovetails with LP interest in decarbonisation. Nine Asian LPs backed the fund and 35% of the corpus will be deployed in the region
Asia deal financing: A selective market
Regional buyout activity is weak but leveraged loans are available for the right kind of target – in Japan, Korea, Australia, and beyond – and with a suitably customised structure
Asia-based football investment platform backs England's Charlton Athletic
ACA Football Partners (ACAFP), an investment platform established by professionals from Singapore-based ACA Investments, is part of a consortium that has acquired English football club Charlton Athletic.
China's Qiming joins round for blockchain privacy developer
China's Qiming Venture Partners has participated in a USD 25m Series A for P0x Labs, the developer behind blockchain-based privacy services provider Manta Network.
Indonesia's Maka Motors raises $37.5m seed round
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.
Eurazeo draws on Asian support for $448m smart city fund
France-based GP Eurazeo won support from several Asian institutional investors for its latest smart city fund, which has closed on EUR 400m (USD 445m). The vehicle is also expected to deploy significantly in the region.
Visa backs $72m Series C for Singapore's Thunes
Singapore’s Thunes, a financial technology provider focused on cross-border transfers in developing markets, has raised USD 72m in Series C funding featuring Visa.