Philippines
Deal focus: GoBear builds financial menu for Southeast Asia
GoBear, a Singapore-headquartered financial services platform, believes it can create financial products suitable for consumers and institutional partners alike
KKR targets stake in Philippine power developer
KKR has offered to acquire up to 9% of First Gen Corporation, a power plant operator in the Philippines, for PHP7.29 billion ($144 million).
Exacta leads acquisition of Anytime Fitness Asia
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
Singapore’s GoBear raises $17m
Singapore-headquartered GoBear, a financial services platform focused on Asian consumers, has raised $17 million from Netherlands-based Walvis Participaties and Aegon
ADQ launches $300m India, Southeast Asia VC fund
ADQ, a state-owned holding company in the United Arab Emirates, has launched an AED1.1 billion fund ($300 million) that will invest in Indian and Southeast Asian start-ups with expansion plans in the Middle East.
UAE’s EMPG acquires Rocket-backed Lamudi Global
EMPG, a real estate classifieds marketplace group headquartered in the United Arab Emirates, has acquired Lamudi Global, which runs property market portals in the Philippines and Indonesia.
Deal focus: Oriente’s plastic alternative
Well-capitalized though not immune to COVID-19 disruption, Indonesia and Philippines-focused online lender Oriente is waiting for the market to get back to normal
Navegar backs Series B for Australia's Cloudstaff
Manila-based GP Navegar has joined a $20 million Series B round for Cloudstaff, an Australian staff outsourcing services player with core operations in the Philippines.
Archipelago targets $250m for second Southeast Asia fund
Archipelago Capital Partners is seeking $250 million for its second Southeast Asia fund and has received a proposed $25 million LP commitment from the International Finance Corporation (IFC).
KKR joins $120m investment in Philippines’ Voyager
KKR is re-upping in Philippines-based financial technology company Voyager Innovations as part of a $120 million growth round.
VCs invest Philippines digital bank Tonik
Insignia Ventures Partners and Credence Partners are backing a Philippines rollout by Tonik Financial, which claims to be the first digital-only bank in Southeast Asia.
Deal focus: Navegar dips its toe in e-commerce
Navegar sees Great Deals E-commerce, a provider of delivery and digital services to traditional retailers in the Philippines, as a proxy for growth in online shopping
Australia's Five V makes another BPO bolt-on
Australia’s Five V Capital has acquired Philippines business process outsourcing (BPO) player Beepo as a portfolio company bolt-on. It is the GP’s second such transaction this month.
Navegar backs Philippines e-commerce enabler
Philippines private equity firm Navegar has invested $12 million in local online retail industry services provider Great Deals E-commerce.
Australia's Five V agrees Philippines outsourcing carve-out
Australian GP Five V Capital has agreed a A$100 million ($69 million) carve-out of Philippines business offshoring specialist MicroSourcing as a bolt-on for an existing portfolio company.
Philippines-based Xurpas acquires Wavemaker Partners
Philippines consumer technology developer Xurpas has agreed to acquire the US operations of venture capital firm Wavemaker Partners.
ARQ Capital backs Philippines dialysis business
ARQ Capital, a Philippines-based GP focused on the local small to medium-sized enterprise (SME) sector, has invested an undisclosed sum in dialysis clinic operator Medline.
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines
KKR, GIC to invest $680m in Philippines hospital operator
A KKR-led consortium has agreed to invest PHP35.3 billion ($680 million) in Metro Pacific Hospital Holdings (MPHH), prompting the Philippines-based hospital operator to abandon immediate plans for an IPO.
No easy answers in Philippines’ sluggish VC market – AVCJ Forum
Industry participants at the AVCJ Philippines Forum were hard-pressed to explain a disappointing lag in local venture capital ecosystem development.
GIC-backed Metro Pacific Hospital files for Philippines IPO
Metro Pacific Hospitals Holdings (MPHH), a unit of Philippines-based conglomerate Metro Pacific Investments Corp. (MPIC), has filed for a domestic IPO. GIC is a minority shareholder in the business.
Deal focus: Jollibee circles as Coffee Bean booms in Asia
The Philippines’ Jollibee Foods is set to buy US cafe chain The Coffee Bean & Tea Leaf to continue a massive Asian expansion effort. Exiting investor CDIB Capital attests to the opportunity set
PE investors exit The Coffee Bean & Tea Leaf to Jollibee
Advent International, CDIB Capital and Mirae Asset Private Equity are set to exit US-based cafe chain The Coffee Bean & Tea Leaf after the Philippines’ Jollibee Foods agreed to pay $350 million for the company.
Deal focus: Archipelago makes Philippines banking play
Archipelago Capital Partners takes a minority stake in One Network Bank to support its parent's plans to lead the country's rural banking sector