Deals
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
Editor's take: The week that was—May 13-18
ShawKwei & Partners leans on secondaries amid a more favourable environment
Vertex Ventures launches $64m inaugural Japan-focused fund
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others
More Stories
Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
IPOs & Markets
Proceeds from the bonds will be used to finance this year’s budget deficit.
Saratoga has also announced acquiring a majority stake in Brawijaya Hospital, confirming DealStreetAsia’s report.
Earnings and Results
Grab has maintained its current full-year revenue guidance of $2.70-2.75b, which represents a 14-17% YOY growth.
Philippines-based coffee chain operator PICKUP COFFEE has received a fresh capital injection from new investors.
Axiata and Sinar Mas have entered into a non-binding agreement.
The new fundraising comes three years after its last funding in 2021.
Its total adjusted EBITDA for the quarter fell 21% to $401m from $507m in Q1 2023.
Atlan has received funding from Singapore wealth fund GIC, Meritech Capital, Peak XV Partners and others.
Private Equity
CVC Capital is an existing shareholder in the hospital group with a 26.18% stake.