Southeast Asia
KKR in talks to buy Singapore packaging company - report
KKR is said to be in advanced talks to buy Goodpack, the world’s largest manufacturer of intermediate bulk containers. The Singapore-listed company has a market capitalization of around S$1.3 billion ($1.1 billion).
Armstrong commits $40m to Mekong region wind, solar projects
Southeast Asia-focused cleantech investor Armstrong Asset Management will commit up to US$40 million in equity to support the construction of wind and solar projects in the Mekong region.
CIMB PE backs Malaysian education provider
CIMB Private Equity has acquired a 33% stake in REAL Education Group, a Malaysia-based private schools operator, for MYR33 million ($10.2 million).
TPG, Khazanah invest $132m in Philippines housing developer
TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion ($132 million) in Philippines-based housing developer 8990 Holdings.
Monk’s Hill Ventures launches $80m Southeast Asia fund
Monk’s Hill Ventures, a Singapore-based VC firm, has launched a S$100 million ($80 million) fund to support the growth of start-ups in Southeast Asia.
Portfolio: Standard Chartered and Navigat
Supported by Standard Chartered, Indonesia-based Navigat has evolved from a gas power equipment distributor into a fully-fledged independent power provider, serving geographies that others can’t reach
KV Asia in Singapore aged care buyout
One in every three people in Singapore will be aged 65-plus by 2050, based on current birth rates and without an influx of youthful migrants. The country’s median age will rise to 55, up from the current level of 39. Just over the next seven years,...
Denham mines Pembroke talent
When Barry Tudor stepped down as CEO of listed mining firm Gloucester Coal in 2012, he left behind quite a legacy. Tudor and his team shepherded the firm through a number of high-profile acquisitions – including that of Australia’s Middlemount Project...
Taiwan: Integration imperative
Taiwan’s stand-off over the cross-strait services pact is an impediment to integration, but missing out on the Trans-Pacific Partnership would be worse. Regulators know they must do more, and PE should benefit
Play the man
Denham Capital's investment in Pembroke Resources appears to follow a standard pattern: Find a management team with a track record of building and selling resources companies; furnish them with start-up capital to accumulate a portfolio of assets; provide...
KV Asia buys Singapore nursing home business
KV Asia Capital has bought a 100% interest in Orange Valley Healthcare, a Singapore-based nursing home provider that operates approximately 1,000 beds across six facilities.
Life sciences player NuSep gets PE funding for Singapore unit
Xeraya Capital, a life sciences investor controlled by Khazanah Nasional, and PE fund JP Asia Prime Capital have invested S$16 million ($12.8 million) in PrIME Biologics, a subsidiary of NuSep that specializes in therapeutic plasma products.
Carlyle opens Jakarta office
The Carlyle Group has opened has expanded its Asia presence to Indonesia, opening an office in Jakarta, its ninth in the region.
SE Asia power developer Navigat gets additional PE backing
Indonesia-focused PE firm Mahanusa Capital and Gunung Sewu Group have invested $21 million in Navigat Group, a distributed power plant developer and power equipment distributor in Southeast Asia.
GIC invests $76m in Philippines canned foods firm
GIC Private has agreed to invest PHP3.4 billion ($76.6 million) in Philippines-based canned foods distributor Century Canning Corporation (CCC). The move comes as CCC’s subsidiary, Century Pacific Foods (CNPF), prepares to go public.
Mekong, CDH complete partial exit from Vietnam’s Mobile World
Mekong Capital and CDH Investments have completed partial exits from Vietnamese mobile phone retailer Mobile World through a pre-IPO private placement. Mekong’s portion of the sale represents a 21.8x return on an investment made in 2007.
Vertex leads round for Southeast Asia taxi-booking app
Vertex Ventures, a unit of Temasek Holdings, has led a round of funding for GrabTaxi, a taxi booking app set up in Malaysia that is looking to continue its expansion into other Southeast Asian markets.
Temasek invests $40m in India's StarAgri
Temasek Holdings has invested INR2.5 billion ($40 million) in Indian agri-services provider Star Agriwarehousing and Collateral Management.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
Singapore VC: Silicon dreams
Buoyed by government support and increasing private sector interest, Singapore has created a legion of tech start-ups that now require further investment. Can it become Southeast Asia’s answer to Silicon Valley?
Northstar enters Southeast Asia VC space
The Northstar Group, a Singapore-headquartered private equity firm with significant interests in Indonesia, is expanding its franchise to include venture capital. The VC unit is called Silicon Island, in reference to Singapore’s ambition to become a...
PE seeks post-election certainty in Indonesia – AVCJ Forum
Private equity investors are playing wait-and-see in Indonesia ahead of the country’s parliamentary and presidential elections this year, but they expect activity to rebound, in part driven by a more favorable economy and moderating valuations.
Kerogen enters PNG LNG space
Seven years after ExxonMobil began its feasibility study on commercializing gas resources in Papua New Guinea (PNG) through liquefied natural gas (LNG), the PNG LNG Project is poised to start delivering on its promise.
Kerogen makes Asia oil and gas play, eyes Fund II
Kerogen Capital has invested A$30 million ($27 million) in Twinza Oil, which has oil and gas interests in Australia, Papua New Guinea and Thailand. The energy-focused GP is also said to be preparing to launch its next fund later in the year.