The restructuring could result in Cradle Seed Ventures shutting down, and Malaysia Venture Capital (MAVCAP) becoming a fund of funds.
The proposed transaction will form an entity with sales of about $13 billion and earnings of about $5.5 billion.
To fund the acquisition, Daibochi said 20 per cent of the purchase price would come from internal accruals, while 80 per cent would be from bank borro
The PE firm has recently picked up a 40% stake in Malaysia-based web hosting company Exabytes Capital Group for RM44 million ($10.7 million).
Mitsui's investment establishes a pre-money enterprise value of $500 million for Axiata Digital's core digital businesses.
It is also selling its entire 91 percent holding in Holcim Singapore Ltd, which had an enterprise value of $66.85 million, to YTL Cement Singapore PTE
The regulator has received 12 and 25 applicants to be registered as ECF and P2P financing operators, respectively.
Although ride-hailing services are thriving in Southeast Asia, the industry still faces roadblocks when it comes to regulation.
Its portfolio companies include StoreKing, BIMA, FreedomPop, 11street and etobee with operations across Asia, US and Africa.
Langit Makmur, a special purpose unit of Dymon, has joined Yee Lee’s founder and other shareholders to make an offer to acquire 79.7 million shares
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