Mars Woo

Correspondent, Philippines

Philippines: Jollibee takes 100% ownership of US burger chain Smashburger

JFC paid $10 million to acquire the remaining 15-per cent stake held by Smashburger Master LLC.

Asia-focused special situations investor SSG Capital raising new PE fund

SSG Capital Management, which invests in Southeast Asia, China and India, closed its fourth fund and a sidecar vehicle in December 2017 at $1.68 billion.

Gaw Capital-led consortium acquires HK shopping centres from Link REIT for $1.54b

Gaw said the portfolio it is acquiring is comprised of a number of strategically-located properties across Hong Kong Island, Kowloon and the New Territories that sit in the heart of densely-populated communities.

South Korea’s Line Plus acquires cybsersecurity firm GrayHash

GrayHash as an online security research center that specialises in offensive research and counter-hacking techniques.

Chinese fresh produce social commerce site Fresh Buddy secures $100m

Its Series B funding round was led by Genesis Capital and backed by SIG China, DCM Ventures, and Vision Plus Capital.

People: NZ Guardians names new CIO; AllFunds gets new Asia team leader

Gilmore, who will take on his new role from late February 2019, joins Guardians from Future Fund in Australia.

SoftBank investment brings parking startup ParkJockey to unicorn status

Abu Dhabi’s Mubadala Investment Co also participated in the funding round.

HK-based Asia Alternatives secures $500m from NYSCRF for two funds

Asia Alternatives invests in PE fund managers with a focus on Greater China, East Asia, Southeast Asia, and Australia.

South Korean fintech platform Toss secures $80m funding at $1.2b valuation

The round was co-led by Kleiner Perkins and venture capital firm Ribbit Capital and backed by return investors, including Altos Ventures, Bessemer Venture Partners, Goodwater Capital, KTB Network, Novel, PayPal, and Qualcomm Ventures.

Philippines: Livestreaming startup Kumu raises $1.2m from Summit Media

Founded in 2017 by Roland Ros, Rexy Dorado, Andrew Pineda, Clare Ros, and Angelo Mendez, Kumu allows fans to tip their favourite content creator on the platform and individual creators to stream their content.