Private capital industry leaders from Do Ventures, Golden Gate Ventures, and Mekong Capital, among others, have come together to form the Vietnam Private Capital Agency (VPCA), which aims to channel $35 billion into private investments in the country by 2035. The association aims to promote best practices in the venture capital (VC) and private equity… Continue reading Newly formed Vietnam Private Capital Agency aims to channel $35b by 2035VPCA’s member firms include Do Ventures, AVV, and GGV, among several others.
Author: Deal Street Asia Online News
Creador acquires 40% stake in Indonesian consumer foods brand AdilmartCreador acquired the stake from Adilmart’s Bursa Malaysia-listed parent CCK.
Kuala Lumpur-headquartered private equity firm Creador on Thursday announced the acquisition of a 40% stake in Indonesian consumer foods brand PT Adilmart from its Bursa Malaysia-listed parent company CCK Consolidated Berhad (CCK). Commenting on the investment, Creador’s Country Head of Malaysia and Executive Director Livia Chan said: “Our focus will be on expanding its [Adilmart’s]… Continue reading Creador acquires 40% stake in Indonesian consumer foods brand AdilmartCreador acquired the stake from Adilmart’s Bursa Malaysia-listed parent CCK.
Mekong Capital eyes $200m for debut climate fund, bags Convergence grantThe Vietnamese PE firm had earlier targeted to raise $150 million for the fund…
Vietnam-based private equity firm Mekong Capital has received a proof-of-concept grant from global blended finance network Convergence for its $200-million climate impact fund. The grant was awarded through Convergence’s Asia Climate Solutions (ACS) Design Grant, which targets critical climate mitigation and adaptation sectors in Asia, the blended finance organisation said in a statement. The vehicle… Continue reading Mekong Capital eyes $200m for debut climate fund, bags Convergence grantThe Vietnamese PE firm had earlier targeted to raise $150 million for the fund…
Singularity Early Opportunities Fund backs Apptile and India deals worth $227mCrown Trust and DeVC also participated in the round.
Bengaluru-based Apptile, a no-code mobile app development platform, Thursday announced that it has raised $1.2 million in additional funding led by Singularity Early Opportunities Fund. Crown Trust and DeVC also participated in the financing, bringing the company’s total funding to $3.7 million, per a statement. The capital raised will be used to further enhance Apptile’s… Continue reading Singularity Early Opportunities Fund backs Apptile and India deals worth $227mCrown Trust and DeVC also participated in the round.
India: Lightspeed leads $20m funding in wealth management platform CentricityCentricity has attained a valuation of $125 million with the latest inves…
Wealth management platform Centricity on Thursday announced that it has raised $20 million in its seed funding round led by venture capital firm Lightspeed. Returning investors Burman Family Office and Shantanu Agarwal also contributed to the round besides Paramark VC, a Korean venture capital fund; and a group of family offices and angel investors, including… Continue reading India: Lightspeed leads $20m funding in wealth management platform CentricityCentricity has attained a valuation of $125 million with the latest inves…
Mr DIY eyes $300m IPO of Indonesia unit late this yearMr DIY raised about $360m in Malaysia’s largest IPO in 2020.
Malaysian home improvement retailer Mr DIY is reportedly looking to list its Indonesian unit in Jakarta late this year or early 2025 . According to a Bloomberg report, the retailer is already working with banks for an initial public offering (IPO) that could raise as much as $300 million. Bloomberg’s sources, however, said deliberations are… Continue reading Mr DIY eyes $300m IPO of Indonesia unit late this yearMr DIY raised about $360m in Malaysia’s largest IPO in 2020.
Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1There were no final closes in H1 2024.
As rising inflation and subsequent monetary tightening continue to restrict liquidity worldwide, private equity funds that primarily invest in Southeast Asia are finding it hard to raise capital. No PE fund, which has the majority of its capital allocated to the region, secured a final close in Jan-June (H1) 2024, according to the Private Equity… Continue reading Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1There were no final closes in H1 2024.
PE giant EQT explores $2b sale of payment firm Banking CircleBanking Circle generates annually around $400 million of revenue.
Private equity firm EQT is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at more than $2 billion, including debt, several people familiar with the matter said. EQT is working on the plan with investment bankers at Morgan Stanley, who in recent weeks have been… Continue reading PE giant EQT explores $2b sale of payment firm Banking CircleBanking Circle generates annually around $400 million of revenue.
MENA-based Paymob secures $22m in Series B+ funding led by EBRD Venture CapitalRecently, Paymob’s direct competitor Ziina raised $22m in a Series A ro…
Paymob, an Egypt-based financial services enabler for MENA, has raised an additional $22 million in its Series B funding round, according to a statement on Wednesday. EBRD Venture Capital led the funding with participation from Endeavor Catalyst and existing investors, including PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures. This additional funding brings… Continue reading MENA-based Paymob secures $22m in Series B+ funding led by EBRD Venture CapitalRecently, Paymob’s direct competitor Ziina raised $22m in a Series A ro…
Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: ReportMidea is seeking to raise as much as $3.5 billion in its Hong Kong…
Private equity firm Hillhouse Investment, Singapore’s wealth fund GIC and state investor Temasek are said to be in talks to invest in appliance maker Midea’s Hong Kong initial public offering, according to a Bloomberg report. Hillhouse is said to be weighing an order for more than $1 billion in the offering, while GIC is said… Continue reading Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: ReportMidea is seeking to raise as much as $3.5 billion in its Hong Kong…