The deal is expected to be completed by Q1 2024, subject to customary closing conditions.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Rest of Asia
The loan is aimed at modernising the company’s existing plants in China.
Natura bought The Body Shop from L’Oreal in 2017.
Manastu will use the investment to develop green propulsion systems for satellites, ranging from 100-500 kg.
The beauty care brand is said to have received investment from Alpha JWC Ventures.
iPhones made in India will be sold in domestic and global markets.
The commitment is for 3650 REIT’s “bridge and event-driven” lending strategy in the US.
The merger would have created one of the world’s largest memory chip makers.
Adani New Industries will raise the money from domestic and international banks.
A growing number of Chinese EV makers are also launching lower-cost models across Europe.