Southeast Asia
Steady return on SE Asia infrastructure
Most of the commuters who take Malaysia’s Cheras-Kajang Highway each day likely don’t spare a thought for its operators unless they are paying a toll. It might be a source of national pride as one of the first four-lane dual carriageways in the nation,...
Kinnevik re-ups in Rocket-backed emerging markets fashion group
Sweden's Investment AB Kinnevik has invested an additional EUR32 million ($34.4 million) in Global Fashion Group (GFG), an emerging markets fashion e-commerce group developed by Germany's Rocket Internet.
CapAsia exits Malaysia toll road
Southeast Asia infrastructure investor CapAsia has sold its stake in Malaysia’s Cheras-Kajang Highway to a joint venture between Taliworks Corp. and Employees Provident Fund for MYR80 million ($21.9 million).
Top Standard Chartered banker quits to raise PE fund
Viswanathan Shankar, Standard Chartered's group executive director and CEO for Europe, Middle East, Africa and Americas is leaving the firm to set up his own private equity fund.
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
Everstone buys Aon Hewitt’s Asia payroll business
India and Southeast Asia-focused GP Everstone Capital has acquired Aon Hewitt’s Asia Pacific payroll business for an undisclosed sum.
Creador to seek $450m for Fund III
Creador is preparing to launch its third Southeast Asia- and India-focused fund with a target corpus of $450 million. This comes barely eight months after the GP closed its second fund at $330 million.
Japan's Beenos leads $2.5m Series A for flea market app
Japanese e-commerce incubator Beenos has led a $2.5 million Series A round of funding for Southeast Asian flea market app Duriana. Existing investors also took part in the round.
China fund to lead $5b investment in Indonesia industrial park
China Minsheng Investment, a private equity firm set up last year by the former head of China Minsheng Banking Corporation, will lead a $5 billion investment in an Indonesian industrial park.
Maybank, 1337 Ventures launch fintech accelerator
Malaysian financial group Maybank has set up a financial technology (fintech) accelerator with local early-stage investor 1337 Ventures.
CDH bets on Aver Asia's diversity
Southeast Asia-based equipment leasing business Aver Asia Corporation has no revenues or supplier relationships in China there is no desire to expand into the country. Yet when the company required capital, it turned to CDH Investments, a long-standing...
Saratoga's Uno sees long-term benefits for Indonesian PE - AVCJ Forum
Private equity investors in Indonesia will see slow growth in the immediate future but the economy is showing signs for growth, in part due to reforms introduced by the new government, according to Sandiaga Uno, co-founder of Saratoga Capital.
CDH invests in Southeast Asia equipment leasing business
CDH Investments has committed an undisclosed sum to Aver Asia Corporation, a Southeast Asia-based equipment leasing business. It is the latest in a clutch of deals the China-based GP has secured outside of its home market.
Creador commits $24m to Indonesia's Bank Index
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
Elixir Capital backs Indonesian recycling firm
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
Indonesia private debt: Belt and braces
There is money to be made providing debt-based solutions to growing Indonesian companies that struggle to get financing from other sources. But enter uninformed or unprotected at your peril
Indonesia middle market: Slow-burn story
Indonesia’s middle market is a proxy for the robust services sector, but it is difficult for investors to penetrate and deal flow has been slow in recent years. Are we are about to see more?
Indonesia start-ups: Growth inflection
Indonesia has relatively incubators, angels and entrepreneurs with businesses of investible quality. Does the recent large investment in Tokopedia suggest the start-up ecosystem is now coming of age?
Indonesia reforms: The waiting game
Indonesia’s new president is still carrying goodwill from the investment community and has made some reassuring moves. Now investors are waiting to see if the new direction will pay off
Q&A: Tokopedia's William Tanuwijaya
Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital last year. CEO William Tanuwijaya charts the journey
Indonesia: Unrealistic expectations?
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
Rocket Internet leads $110m round for Foodpanda
Emerging markets-focused food delivery app Foodpanda has raised another $110 million in a funding round led by its Germany-based parent Rocket Internet. A number of existing and new backers also took part.
Indonesia's IndoTrading receives $1.5m in Series A funding
Indonesian e-commerce portal IndoTrading has raised $1.5 million in a Series A round of funding led by OPT SEA, the Southeast Asian investment arm of Japanese e-marketing firm OPT.
KV driven by more than a sweet tooth
With incomes rising and tastes becoming more refined, Asia represents a growing market for luxury goods. Chocolate is no exception. While supply problems are partly responsible for a 30% increase in global cocoa prices over the last two years, the 60%...