Private Equity
MPM sources its materials from Thailand.
1
Shein, Temu to raise prices as Trump cracks down on cheap imports
2
Stashfin's parent swings to profit in FY24 as interest income more than triples
3
Trump suggests tit-for-tat China tariffs may be near end; TikTok deal on ice
4
Independent directors quit India's Gensol after probe into co-founders
5
Beyond The Buyout: Fund giants flag near-term deceleration
More Stories
Vietnam’s Highlands Coffee revives IPO plan amid hot demand
Blackstone raises over $4.4b in first close of new Asia fund
SG lands first digital bank-fintech deal but Validus CEO doubts a buyout boom is coming
Indonesian startups Klinik Pintar, Lifepack grappling with layoffs amid financial duress
EQT’s Asia flagship fund nears first close with over $10b in kitty
The investment includes $50m from IFC’s account and the rest from external investors.
Deals
Gulf Energy is valued at $17.25b, while Intouch has a market cap of $7.72b.
The projects include data centres from China, Singapore, and Thailand.
The Shenzhen-based firm will create 1,000 jobs in Thailand.
Analysis
Female-led startups secured 5.2% of total deal volume and just 2.1% of total capital raised in 2024.
Climate Tech & ESG
Vemanti also plans to buy the remaining 49% of XPLOR.
The fund targets $3b in total commitments.
The investment will be made over five years.
Actis-backed Levanta Renewables (Thailand) is buying the stake.