Headland Capital Launches $1b Asia Fund

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Hong-Kong based Headland Capital Partners has launched its seventh private vehicle, a $1 billion Asia fund,  said a report in the Private Equity International. This would be a first such launch for Headland Capital Partners as an independent PE firm, said the report, adding that MVision Private Equity Advisers would… Read more »

RRJ, Temasek to invest $1b in U.S. LNG project

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Singapore state investment firm Temasek Holdings Pte Ltd and Malaysian deal maker Richard Ong will jointly buy $1 billion of convertible notes issued by Houston-based Cheniere Energy Inc. Richard Ong, who was earlier with Goldman Sachs and his brother Charles, the former chief investment officer with Temesek, now run the Hong-Kong… Read more »


Singapore’s GIC partially exits Hero MotoCorp

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Singapore’s sovereign wealth fund GIC has made a partial exit from Hero MotoCorp by selling about 1% stake in the company for about $81.3 million through an open market transaction; and pocketing over 2x returns (in rupee terms) on its three-year-old investment, a report said. GIC had invested an estimated… Read more »


Dragonpay raises Series A funding from GMO

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Philippines-based payment solutions provider Dragonpay has raised Series A funding from Japan’s e-payment titan GMO Global Payment Fund (GMO). The investment amount has not been disclosed. Dragonpay plans to use the newly raised funds to promote e-commerce in the country, while venturing into new payment channels, specifically on the mobile. These strategies are meant… Read more »


GIC invests $391m to buy 9.64% in Emperador

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Singapore’s sovereign wealth fund GIC Private Ltd has bought just under 10% in the Philippine liquor firm Emperador Inc for 17.6 billion pesos ($391 million), making it the fund’s third direct investment in the country this year. Emperador Inc, the world’s largest brandy maker, said that this would be an initial… Read more »


Tech news portal DNA secures $300k funding

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Independent technology news portal Digital News Asia (DNA) has secured MYR 1 million ($300,000) for its seed funding from private equity firm IdeaRiverRun. The funds, DNA said, would be channeled into the portal’s expansion in Southeast Asia, further building its team and to develop new products and channels. The portal… Read more »


iCarsClub gets $60m Series B funds for China arm

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Singapore’s iCarsClub has raised $60 million, in Series B round of funding, for its China venture – PPzuche, a Chinese peer-to-peer (P2P) car-rental – from IDG Capital Partners & MorningSide Ventures. Source Code Capital, Sequoia Capital, Future Capital and Crystal Stream also participated in this round of funding, taking the… Read more »


GIC-led investors to buy IndCor for $8 billion

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Blackstone Group LP is planning to sell IndCor Properties Inc to a group of investors led by Singapore’s sovereign wealth fund GIC Private Ltd, for over $8 billion, according to a report in Bloomberg. IndCor Properties Inc owns industrial real estate assets (about 11 million square meters of warehouses) in… Read more »


Lombard acquires minority stake in Viet Uc Seafood

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Lombard’s PE fund has picked up a minority stake in Vietnam-based sea food processor Viet Uc Seafood, for an undisclosed amount. A company representative for Viet Uc Seafood, one of the largest shrimp seed producers in the country, confirmed the development to DEALSTREETASIA. This investment will be used to improve the… Read more »


Mekong Capital set to close fourth Vietnam fund

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Mekong Capital, a Vietnam-focused Private Equity firm, specializing in consumer driven sectors such as retail, restaurants, consumer products and distribution, is working on a $150 million fund , its fourth in the country, and may close this round soon, if it can raise between $80-$100 million, DEALSTREETASIA has learnt. Its… Read more »