CPPIB commits $3b to Asian funds, closes nine direct investments in FY19

Majority of PE Asia’s investments were based in emerging markets, with 52% in Greater China.

Private Equity

LOGOS fully deploys Indonesian logistics venture, set to raise more capital

The platform is backed by Canada Pension Plan Investment Board (CPPIB) and Ivanhoé Cambridge.

Private Equity

ADV Partners acquires heavy vehicles maker Tata International DLT

ADV is also fully acquiring DLT from Tata Steel-promoted TRF Ltd.

Venture Capital

IFC proposes to invest $12m in Accion Quona Inclusion Fund

Q & A

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

Private Equity

World

UK-based Generation IM closes $1b sustainable solutions fund

The PE firm will make minority investments of $50-150 million from its latest fund in innovative companies.

India

TPG sells Cancer Treatment Services International to Varian for $283m

The sale marks the first exit for AHH, which invests and builds early stage single-specialty healthcare delivery businesses through TPG Growth.

India

ADV Partners acquires heavy vehicles maker Tata International DLT

ADV is also fully acquiring DLT from Tata Steel-promoted TRF Ltd.

Venture Capital

India

Used car retailing platform Spinny raises $13.2m led by SAIF Partners, Accel

The startup is currently active in Delhi NCR and has three car hubs one each in Delhi, Gurgaon and Noida.

Singapore

Singapore’s Biofourmis secures $35m Series B funding co-led by Sequoia India

The company will use the capital to advance its AI-powered digital therapeutics platform.

India

India Dealbook: Stakeboat backs LeadSquared; PublicVibe, My Mobiforce raise funds

LeadSquared plans to utilise the funds to expand operations and for customer acquisition.

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Q & A

Vietnam

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

Rest of Asia

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

Singapore

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

China/HK

Business service sectors ripe for platform roll-up play: Pantheon’s Jie Gong

Deals

India

Edelweiss sells minority stake in insurance broking arm to Arthur J. Gallagher

The partnership will give Edelweiss' customers a broader access to international markets.

World

DuPont plans $2b share buyback after separation from DowDupont in June

DowDuPont is looking at three separate business units - Dow, DuPont and Corteva Agriscience.

China/HK

Hong Kong seeks to raise up to $1b in green bonds

The proceeds from green bonds get earmarked for investment in environmentally friendly projects.

IPOs and Markets

China/HK

Chinese solar operator Xinyi Energy raises $465m in Hong Kong IPO

Xinyi Energy’s offering will become the second biggest first-time share sale in Hong Kong this year.

World

Slack expects to raise about $197m in direct listing

Slack is the latest tech company looking to go public this year, following the market debuts of Uber, Lyft, Pinterest, and Zoom.

Rest of Asia

Goldman Sachs to test Saudi Arabia’s market rules to limit stock swings post IPO

The US bank is acting as stabilization agent for Arabian Centres, which may start trading this week.

Opinion

World

Does Uber’s IPO outing make SoftBank’s Son a savvy investor or shopaholic?

Policy & Regulations

China/HK

CPPIB commits $3b to Asian funds, closes nine direct investments in FY19

LOGOS fully deploys Indonesian logistics venture, set to raise more capital

ADV Partners acquires heavy vehicles maker Tata International DLT

IFC proposes to invest $12m in Accion Quona Inclusion Fund

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

Don't miss our daily brief

UK-based Generation IM closes $1b sustainable solutions fund

TPG sells Cancer Treatment Services International to Varian for $283m

ADV Partners acquires heavy vehicles maker Tata International DLT

Used car retailing platform Spinny raises $13.2m led by SAIF Partners, Accel

Singapore’s Biofourmis secures $35m Series B funding co-led by Sequoia India

India Dealbook: Stakeboat backs LeadSquared; PublicVibe, My Mobiforce raise funds

Unlock Your Competitive Advantage

Indonesia Digest: Grab adds hotel booking feature; Tokopedia rolls out warehouse service

Indonesia’s Bukalapak eyes international markets with new platform

Minister confirms GOJEK interest in Malaysia expansion

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

Business service sectors ripe for platform roll-up play: Pantheon’s Jie Gong

Edelweiss sells minority stake in insurance broking arm to Arthur J. Gallagher

DuPont plans $2b share buyback after separation from DowDupont in June

Hong Kong seeks to raise up to $1b in green bonds

Chinese solar operator Xinyi Energy raises $465m in Hong Kong IPO

Slack expects to raise about $197m in direct listing

Goldman Sachs to test Saudi Arabia’s market rules to limit stock swings post IPO

Starbucks rival Luckin Coffee lists on Nasdaq with cars-to-lattes plan

AIFs got capital commitments worth $17b in fiscal 2019

Lazada’s quarterly revenue falls 4% but other positives emerge

Numerous SPV structures could be why Lyft, Uber IPOs flopped

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

China’s tech titans under pressure to maintain growth momentum

Does Uber’s IPO outing make SoftBank’s Son a savvy investor or shopaholic?

China’s Didi opts out of new voluntary Mexico tax plan

Malaysia’s SC announces new ECF and P2P platform operators

China’s Huawei Tech’s $105b business at stake after US broadside

People Digest: Validus makes key hires; InfraRed NF names strategy head

Everstone ropes in former Wipro top exec Suresh Vaswani to boost IT investments

People Digest: Citibank hires Singapore CEO; FundRock names Asia markets MD