Southeast Asia
DFJ-owned Wavemaker bolsters Southeast Asia team
Singapore-based early stage VC Wavemaker Pacific - a member of the DFJ Global Network - has appointed two tech entrepreneurs, Dennis Goh and Nix Nolledo, to its investment team.
Jynwel Capital targets Asia oil producer Salamander Energy
Salamander Energy, an Asia-focused oil and gas exploration and production company, has received a buyout offer from Jynwel Capital, a Hong Kong-based PE firm controlled by Malaysian businessman Jho Low.
Catcha launches VC unit for Southeast Asia TMT deals
Southeast Asia-focused media company Catcha Group has launched a venture capital unit that will invest in new media, technology and mobile businesses throughout the region.
CVC-backed Link Net cuts size of Indonesia share sale
Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
Creador ups Fund II to $330m with additional commitment
Creador has increased the size of it second fund to $330 million after receiving an additional LP commitment of $30 million.
SoftBank leads $100m round for Indonesia e-commerce player
SoftBank will lead a $100 million round of funding for Tokopedia, an Indonesian online marketplace. Sequoia Capital will also participate alongside existing investor SB Pan Asia Fund.
TAP, KWAP invest in Malaysian snack maker
Southeast Asia-focused GP Tremendous Asia Partners (TAP) has teamed up with pension fund KWAP to buy a 30% stake in Munchy Group, a Malaysia-based snacks producer.
CIMB PE buys stake in Indonesia 7-Eleven operator
CIMB Private Equity has paid approximately $25 million for a 10% stake in the owner and operator of the 7-Eleven convenience store franchise in Indonesia.
Tiger Global leads Series C round for GrabTaxi
Tiger Global Management has led a Series C round of funding for GrabTaxi, a Southeast Asian-focused taxi-booking mobile phone app.
Tembusu provides seed round for Singapore’s GNum
Tembusu Partners has committed S$7 million ($5.5 million) in seed funding to GNum, developer of a patent-pending technology that allows calls from PCs and handheld devices to be routed to a user’s mobile phone without the need to first download an app.
CVC set for partial exit from Indonesia’s Link Net
CVC Capital Partners is set for a partial exit from Link Net, Indonesia’s second-largest fixed-line broadband and cable TV operator, through a share placement.
Portfolio: First Reserve and KrisEnergy
In backing oil and gas start-up KrisEnergy, First Reserve put its faith in a rare commodity in Southeast Asia – an independent team that knows where the plumb assets are and how to access them
3i completes med-tech upscale job
When John Thomson, head of 3i Group’s Southeast Asia business, met Singaporean entrepreneur Jay Pok in the mid-2000s, he was on the lookout for a medical technology investment. But Pok’s company, medical cable maker LHi Technology, though impressive,...
SCPE ready to bet big on Vietnam
Private equity investors have committed an annual average of $364 million to Vietnam-based companies over the past 10 years. In the space of three weeks, Standard Chartered Private Equity (SCPE) alone has deployed over one third of this total.
Ayannah banks on the unbanked
Explaining why cross-border remittances into the Philippines are not his core business, Mikko Perez points to Hong Kong’s Central district on a Sunday, when the domestic helpers are out in force. “It’s so cut throat – we are talking basis points...
Shaw Kwei invests $17m in Singapore marine logistics firm
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has paid $17 million for a 60% stake in Singapore marine logistics firm Amos International.
Southern Capital agrees $180m Singapore engineering carve-out
Southern Capital Group has agreed to acquire a majority stake in United Engineers’ Singapore-listed engineering and construction division for S$230.2 million ($180 million) in cash.
Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
Kendall Court exits Malaysian broadband provider
Kendall Court Capital Partners has exited Packet One Networks – a Malaysian broadband provider heavily involved in 4G telecommunications technology – as Telekom Malaysia (TM) bought a controlling stake in the company.
Gree Ventures backs Philippines payments business
Gree Ventures has participated in a Series C round of funding for Philippines-based digital payments business Ayannah. Wavemaker Labs, Golden Gate Ventures, IMJ Investment Partners and Beenos Asia also participated.
Sinarmas takes Ardent cross-border
Ardent Capital is registered in Hong Kong, but Bangkok remains its home. Previous investments by the VC firm have followed the same model – start in Thailand, then expand into other Southeast Asian markets. Now, though, Ardent is preparing to incubate...
Affinity backs poultry producer in debut Malaysia deal
Affinity Equity Partners has secured its debut Malaysia investment after agreeing to buy a significant minority stake in poultry producer Leong Hup International in a deal that values the company at around $600 million excluding debt.
SCPE invests $90m in Vietnam agribusiness player
Standard Chartered Private Equity (SCPE) has completed its second Vietnam deal in the space of a month, paying $90 million for a significant minority stake in agribusiness player An Giang Plant Protection (AGPP).
New Asia, AIF in $15m round for Vietnam restaurant chain
New Asia Partners and AIF Capital have led a Series B round of funding worth $15 million for Huy Vietnam Group, Vietnam’s largest operator of self-managed, local cuisine restaurants.