Deals
Axiata and Sinar Mas have entered into a non-binding agreement.
Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom merger
Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
Malaysia Airports to be taken private by consortium led by Khazanah, EPF
Accion launches $152.5m fund to back financial institutions serving small businesses
Indian insurer Go Digit raises $141m from anchor investors ahead of IPO
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CVC Capital buys 10.4% stake in Indonesia’s Siloam International Hospitals for $240m
India: Multiples PE joins race to invest in furniture hardware firm Ebco
SE Asia Deal Review: Startup funding nosedives to record low of $227m in April
ChrysCapital investing up to $100m in Indian eye care chain Centre for Sight
Haidilao hotpot restaurant operator Super Hi targets $1.38b valuation in US IPO
Private Equity
The consortium’s shareholders comprise a subsidiary of the Abu Dhabi Investment Authority.
IPOs & Markets
The auction will involve carbon credits from the Kuamut Rainforest Conservation Project.
Unicorns
Carsome sold 150,000+ cars in 2023, bringing the total sales since its launch in 2015 to over 500,000.
The deal size is likely to be around $60 million, sources said.
The hyperscale project is a planned $1.5b investment for Princeton Digital.
Affinity had bought the hospital for an undisclosed amount in 2015.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The deal marks Ekuinas’s third investment in the pharmaceutical sector.
The investment is the largest in Microsoft’s 32-year history in Malaysia.