Private Equity
Six SE Asia-focused funds closed in 2023, raising $2 billion in new capital.
L Catterton to form consumer-focused JV in India with ex-HUL chief
Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs
JPMorgan appoints Rita Chan, Alan Ho as co-senior country officers for China
Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud
Chinese EV maker BYD hits the brakes on Vietnam factory plans
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PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
Competition heats up in last-mile delivery as e-commerce firms raise their logistics game
Stonepeak sees APAC playing a bigger role in global energy transition
Venture Capital
500 Global anchored Applecrumby’s growth funding.
Deals
The sale reduced Ekuinas’ stake in ICON to 5.8%.
In 2022, Bintang partnered Singapore-based PE firm Caldera Pacific to penetrate the Vietnamese market.
AnyMind Group has made nine acquisitions globally in total in seven years.
The pension fund will make the investments through Gobi Partners.
This edition presents a recap of top developments from investors and startups in Asia.
The funding will help Hinduja Tech augment its existing capabilities in R&D through both organic and inorganic routes.
People
Chan will also be taking up the mantle of group president.
Singapore-headquartered digital banking group Tyme Group has received a fresh capital injection from a PE firm.