Patrick Grove, Group CEO, Catcha Group

Catcha’s VC arm to invest up to $100m in SEA


Global investment firm Catcha Group, which boasts of a strong track record of investing in startups in this region, has launched a venture fund to support companies in the new media, technology and mobile space in South East Asia. The new VC division, called Catcha Ventures will invest between $50… Read more »

SoftBank buys $627 million stake in Snapdeal

Snapdeal today said it raised $627 million in a round of investment led by Softbank, making the Japanese telecom and media group the largest investor in the Indian online retailer. The companies did not divulge Sotbank’s holding in India’s third biggest online marketplace, post the deal. With the latest round… Read more »

Equity facilitating direct entry for PEs into SEA?

It is no guesswork that private equity (PE) firms want in on the action in South East Asia ( SEA). They see potential in this relatively untapped region, with its growing middle class that point to an improving consumer spending and robust economies. However, not all firms from the West… Read more »

GNum raises $5.6m from Tembusu Partners

Singapore-based GNum said it has raised $5.6 million seed funding from PE firm Tembusu Partners, in what may be the largest first round of investment in a local startup here. GNum said it developed a ‘patent-pending technology that allows calls from virtually any electronic device – PC, tablet and other… Read more »

Ascott buys 20% in Australia’s Quest for $25.4m

CapitalLand-owned service apartment operator, The Ascott, has acquired a 20% stake in the Australia-based Quest Serviced Apartments. The deal is valued at $25.4 million. The Ascott, which based out of Singapore, has the option to pick up an additional 10% stake in Australia’s largest serviced apartments provider. In a series… Read more »

Blackstone boosts Asia asset management team

Private equity giant Blackstone has boosted its asset management team in Asia, and has brought on board Howard Zhang and Lawrence Hutchings as managing directors in addition to getting Charles Wu as a principal. Howard Zhang, who will join Blackston’e Hong Kong office and will oversee its China portfolio, was… Read more »

ANZ gets new Global Head of Rates Research

ANZ has announced that Danny Suwanapruti will be its new Global Head of Rates Research. He will be based in Singapore and will lead global team of strategists that provide high quality  analysis, trade ideas, strategy, forecasts and strategic insights on fixed income and  associated interest rate markets, the bank said…. Read more »

Avenue Capital poaches 2 PAG executives

Avenue Capital Group has poached two executives from the Pacific Alliance Group – – Anil Gorthy and Dan Galanter – to oversee its Asia business. The duo will lead its ‘Asia Strategy’ which focuses on investments in distressed and undervalued debt of companies throughout this continent, in addition to special… Read more »

Fatfish targets two IPOs in 12 months

Australia Stock Exchange-listed and Singapore based venture accelerator Fatfish Internet Group aims to take two of its associates’ public within the next 12 months. The move follows a similar model to Fatfish itself, which had listed in the Australian Stock Exchange earlier this year. When asked on which exchange the… Read more »

Temasek’s deal spree in October – 4 and counting

Singapore’s Temasek Holdings has closed a slew of transactions across the globe this month, even as it celebrates its 40th anniversary, and its appetite for deal making is far from finished India appears to the flavor of the month for the city-state’s sovereign wealth fund, as it is reported to… Read more »