CVC-backed sanitary product maker Softex Indonesia mulls $500m IPO

Softex has met potential advisers for a share sale in Indonesia that could happen this year.

Venture Capital

SE Asia gets new venture debt firm in Genesis Alternative Ventures

The firm is backed by the Sassoon family office and Indonesia's Bank CIMB Niaga.

CapitaLand transfers interest in Shanghai buildings to maiden discretionary PE fund

CapitaLand has set an annual divestment target of at least S$3 billion ($2.17 billion).

Singapore O2O platform Fave buys CutQ, FoodTime in SE Asia push

Bain Capital buys stake in Korean food giant CJ CheilJedang’s US unit for $320m

Private Equity

Blackstone, Prologis among bidders for GLP’s US business: Report

GLP's earlier plan of seeking an IPO for its US-based unit remains a viable option too.

Blackstone said to seek $5b for latest real estate debt vehicle

The vehicle, Blackstone Real Estate Debt Strategies IV, will focus on property-related wagers in public and private debt globally.

Bain Capital buys stake in Korean food giant CJ CheilJedang’s US unit for $320m

The deal will give Bain Capital a 19% stake in US frozen food firm Schwan's Co, which is 70% owned by CJ CheilJedang's American unit.

Venture Capital

China’s Allist Pharma raises $171m Series A led by Shiyu Capital

Shiyu has earlier backed WuXi PharmaTech, Yikang Medicine, GloriousMed and Crystal Pharmatech.

India Dealbook: Awfis raises 2nd tranche of Series C; Varthana snags funds

Awfis announced last year that it would raise $20 million from Sequoia, others in Series C round.

SE Asia gets new venture debt firm in Genesis Alternative Ventures

The firm is backed by the Sassoon family office and Indonesia's Bank CIMB Niaga.

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Q & A

SoftBank, Sequoia backing serves as validation, says Moka CEO Tanjo

Vietnam’s NPL market is bigger than estimated, says IDS Argo’s Kondoh

We expect to break even in ride-sharing in 3-4 years, says Pathao COO Pardeep Grewal

We are Asia’s first truly cross-border seed fund: STRIVE’s Nikhil Kapur

Deals

Singapore VC Majuven joins Myanmar-focused Daung Capital’s Series A

The startup announced the first close of its Series A round last month.

Huawei seeks $1b in first big funding test after US blacklist

The world’s largest provider of networking gear is seeking an offshore loan in either US or HK dollars.

Singapore O2O platform Fave buys CutQ, FoodTime in SE Asia push

Fave also acquired Groupon Singapore in 2017.

IPOs and Markets

CVC-backed sanitary product maker Softex Indonesia mulls $500m IPO

Softex has met potential advisers for a share sale in Indonesia that could happen this year.

Alliance Healthcare seeks to raise $3.3m in Catalist listing

AHG seeks to deploy the net proceeds to fund expansion of its network of clinics.

Luckin Coffee leaves investors bitter with 39% drop from post-IPO high

Investors have questioned the company’s sacrifice of profits in favour of a cash-burn strategy.

Opinion

Reasons why asset owners prefer to shift to private equities from public markets

Uber’s bumpy IPO raises questions on startup valuations

Numerous SPV structures could be why Lyft, Uber IPOs flopped

What Uber’s much-delayed market debut can teach other unicorns

Policy & Regulations

Chinese regulator to take over Baoshang Bank due to credit risks

China Construction Bank will be asked to handle the operations of the small lender.

Vietnam aims to create mobile money sandbox for telecom firms

The move is seen to boost non-cash payments in the country.

US mulls adding five more China video surveillance firms to blacklist

Such a move would escalate tensions with China and raises questions about whether the U.S. is going after more of the country’s corporate champions.

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