Deals
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
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
Venture Capital
MDV is working on a SAFE programme for startups, says CEO Nizam Mohamed Nadzri.
Sustainable energy solutions provider REDEX received another capital injection this week.
Private Equity
OMS Group could be valued at approximately $1b in the deal, the report said citing sources.
Analysis
Tie-ups with Garuda, China’s SF Airlines show Tony Fernandes is changing course.
Indonesian energy company Medco Energi is also vying for SapuraOMV.
The Indonesian and Malaysian hospitals of the healthcare chain may be acquired by separate buyers.
Earnings and Results
CARSOME said its consolidated revenue grew by 250% to $1.5b in 2022.
A comprehensive view of significant private market developments in Asia in the week that went by.
The decision was part of the national budget announcements.