The Carlyle Group has partially exited its stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR39b (~USD540m) through open market transactions. Carlyle previously pared down its stake via the company’s IPO in February 2020. Read more… Read More
Existing investors Sequoia Capital and IMM Investment have made a KRW130b (~USD115m) follow-on investment in South Korea-based online fashion platform Musinsa at a reported KRW2.5t (~USD2.2b) valuation. Read more… Read More
SoftBank Vision Fund II and Tencent led a USD300m Series E for Singapore-based innovation intelligence platform PatSnap, with follow-on from CITIC Industrial Fund, Sequoia Capital China, ShunWei Capital and Vertex Ventures. Read more… Read More
EMPEA members can access the presentation by logging into their EMPEA member account. During EMPEA’s Southeast Asia Meeting. EMPEA’s Managing Director of Research, Jeff Schlapinski, shared the latest investment trends and proprietary EMPEA data on Southeast Asia. EMPEA members can… Read More
Warburg Pincus and Hillhouse Capital led a USD700m Series A for JD Property, the infrastructure asset management arm of China-based online retailer JD.com. Read more… Read More
Openspace Ventures has reached a USD200m final close for its third Southeast Asia VC fund targeting Series A and B rounds for companies in the B2C and B2B technology sectors. Read more… Read More
Tencent Holdings, Centurium Capital and ZWC Partners have invested a CNY900m (approximately USD139m) Series D for Fadada, a China-based e-signature and cloud contract service provider. Read more… Read More
Hong Kong-based stressed asset specialist Ares SSG has acquired real estate lending firm Altico Capital India for INR28b (~USD380m). Read more… Read More
BlackRock Private Equity Partners has partially exited its stake in South Korea-based e-commerce platform Coupang via the company’s ~USD4.55b IPO on the Nasdaq. BlackRock sold approximately 26.6m shares at a price of USD35 per share for an aggregate USD931m. Other existing investors include SoftBank, Sequoia Capital, Greenoaks Capital… Read More
L Catterton Asia Acquisition, a consumer-focused SPAC launched by L Catterton Asia, has raised USD250m in its IPO on the Nasdaq under the symbol LCAAU. Read more… Read More
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