Deals
Natura bought The Body Shop from L’Oreal in 2017.
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
More Stories
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
Analysis
Of the four funds whose valuations were slashed, two are focused on India.
Unicorns
Google is already an investor in Anthropic.
Policy & Regulations
It is not clear if any settlement has been made.
Private Equity
The asset manager is committing $275m, Sources told Reuters.
A growing number of Chinese EV makers are also launching lower-cost models across Europe.
Venture Capital
The fresh commitment brings the firm’s total AUM to $850m.
People
The redundancies account for about 3% of employees in the bank’s US consumer division.
Leapmotor and Stellantis are also discussing setting up a joint venture as part of the transaction.
The fund’s return on investment was minus 2.1% in July-Sept.
