Southeast Asia
Singapore's Temasek sees portfolio decline due to market volatility
Temasek Holdings saw the biggest single-year drop in the value of its investment portfolio since the aftermath of the global financial crisis, with S$242 billion ($179 million) in assets for the 12 months ended March 2016 compared to a record high of...
Partners Group to open office in Manila
Switzerland-based global private markets investment manager Partners Group will open an office in Manila as part of its Asia expansion.
SCPE invests in Singapore food ingredients retailer
Standard Chartered Private Equity (SCPE) has invested in Singapore-based food ingredients retailer Phoon Huat.
First Reserve JV buys SE Asia oil industry servicing vessel
A joint venture controlled by energy-focused private equity firm First Reserve has acquired an 80% stake in a Southeast Asia servicing oil tanker for $166.3 million.
Armstrong, IFC back Vietnam hydropower producer
Armstrong Asset Management and the International Finance Corporation (IFC) will invest in Vietnamese hydropower company Gia Lai Electricity (GEC).
Navis seals healthcare deals in Indonesia, Vietnam
Navis Capital Partners has closed two Southeast Asia healthcare deals, with agreements to buy Indonesia-based medical devices distributor Tawada Healthcare and Vietnam’s Hanoi French Hospital.
Indonesia VC: Work in progress
As Indonesia’s start-up space matures, with ever more capital pouring in, VC players recognize that exits are the key to creating a sustainable investment environment. However, it is still early days
Wavemaker takes over Ardent's SE Asia venture portfolio
US venture capital firm Wavemaker Partners has taken over the venture portfolio of Thailand-based Ardent Capital.
Rocket-backed frontier markets e-commerce platforms to merge
Two Asian frontier markets e-commerce platforms created by Rocket Internet – Daraz and Kaymu – have agreed to merge.
Japan's SBI partners with Filipino VC
Japanese financial services company SBI Holdings has acquired a 35% stake in the venture arm of Investment & Capital Corporation of the Philippines (ICCP) with an aim to co-manage a VC fund.
Temasek unit raises $510m through PE-backed bond issue
A unit of Singapore government-backed investment group Temasek has raised $510 million through its issuance of bonds backed by 34 private equity funds.
Fund focus: Rising tide floats Golden Gate fund
Golden Gate Ventures has raised a new $60 million fund for investments in Southeast Asia's burgeoning mobile internet sector
Jafco leads $20m Series A in Singapore's Quoine
Jafco has led a $20 million Series A financing round for Quoine, a Singapore-based bitcoin trading platform.
Myanmar PE: Back to the future
Myanmar’s relatively abrupt transformation from impoverished pariah to upbeat high-growth investment target has resulted in some interesting challenges for private equity and venture capital
TPG buys stake in Philippines rural bank
TPG Capital’s growth unit has agreed to buy a 40% stake in One Network Bank (ONB), the rural subsidiary of mainstream Philippines lender BDO. Financial terms were not disclosed.
IBM launches Asia-focused tech accelerator in Singapore
IBM has launched an accelerator in Singapore that will help Asia Pacific start-ups commercialize blockchain technology and the cognitive computing system known as Watson.
OPIC initiates $250m loan for Myanmar's Apollo Towers
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, has begun the initial disbursement of a $250 million loan to private equity-backed Apollo Towers Myanmar.
VinaCapital leads $30m round for Vietnam's An Cuong
VinaCapital Investment Management has led a $30 million funding round for Vietnamese wood-working and decorative materials manufacturer An Cuong.
Golden Gate closes $60m SE Asia VC fund
Singapore-based Golden Gate Ventures has closed its second early-stage venture fund focused on Southeast Asia at $60 million.
Singapore's CapitaLand launches VC unit
Singapore real estate developer CapitaLand has set up a dedicated VC unit – known as C31 Ventures – to support global tech start-ups. This comes after the company received funding under the early stage venture fund program (ESVF) to make investments within...
Navis, Symphony buy French furniture brand Christian Liaigre
Navis Capital Partners and Symphony International Holdings have acquired Christian Liaigre Group, a French luxury furniture brand that is looking to expand in Asia, from Bridgepoint Development Capital for an undisclosed sum.
KKR invests $81.2m in Indonesia's Japfa
KKR has made its first PE investment in Indonesia by acquiring a 10.4% stake in agri-food company Japfa Comfeed for $81.2 million.
Navis acquires Macau-based ISA Industrial
Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial.
Temasek issues bonds backed by PE fund interests
A unit of Singapore government-backed investment group Temasek has issued $504 million in bonds backed by 34 private equity funds.