Deals
First Circle said the facility would strengthen its funding base.
1
KKR, Capital Group launch public-private credit strategy in Asia, Europe
2
SK Hynix joins $1t club after Samsung, Micron on AI chip boom
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AustralianSuper names Shaun Manuell as its next CIO
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India: Growth-stage VC Physis Capital makes final close of debut fund at $42m
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Vietnam's Pharmacity secures growth capital from LeapFrog Investments
More Stories
Australian govt’s impact investment vehicle commits $10m to Do Ventures Fund II
Pacific Channel acquires Singapore-based ENGIE Factory APAC
Indonesian crypto bourse Pintu lays off around 20% of workforce
Private capital sponsors turn inward amid SE Asia’s exit slowdown
Stride CEO sees big potential in solar solutions for smaller customers
The fund is a blended finance vehicle with a target size of $750 million.
Earnings and Results
TPG-backed Billease is now entering its third consecutive year of profitability.
Analysis
Orders fulfilled through quick commerce networks made up 3.4% of SE Asia’s e-commerce GMV last year.
High lending rates and systemic challenges act as brake on profitability.
There were no megadeals in the month.
The credit line to Petron Corporation will be priced at prevailing interest rates.
IPOs & Markets
In Feb, regulators lowered the minimum IPO public float for large issuers to 15% from 20%.
Mynt contributed 30% of Globe Telecom’s pre-tax income in Q1.
DoubleDragon is offering 0.48 pesos per MerryMart share.
