Greater China
CICC is planning to reduce its investment banking headcount by at least 10% this year.
Asia Digest: Spacetech startup Emposat, XR developer OPTIX raise fresh capital
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
Piling dry powder signals end to Indian startup funding winter
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Troubled crypto platform Zipmex appoints liquidator to wind up operations
Indonesia
The Lippo Group currently holds an over 75% stake in IDX-listed Bank Nobu.
India
Launched late last year, the fund garnered capital commitments of over $39m in the first close.
The upsized senior secured credit facilities will help support the growth of Acclime.
PE investments in India touched a six-year low at $24b in the financial year ended March 2024.
Banks have stopped lending to IIFL Finance’s gold and other businesses.
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The number of late-stage venture debt deals declined to just five in 2023 from 16 in 2022 and 24 in 2021.
The firm had raised $300 million for its debut fund.
The stake in NSE originally belonged to ChrysCapital VI, when it first bought a 5% stake in the company in 2016.