Deals
The deal size is likely to be around $60 million, sources said.
Malaysia-based PE firm Navis likely to lead funding in CarDekho's SE Asian entity
Japan's Reazon Capital eyes 8 SE Asia investments this year
US pension NYSCRF commits $100m to B Capital's latest fund
Asia Digest: Spacetech startup Emposat, XR developer OPTIX raise fresh capital
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
LongeVC targets $250m for Fund II, bets on opportunities in Asia’s longevity tech growth
DealStreetAsia first broke the story of their merger plans in April.
The Lippo Group currently holds an over 75% stake in IDX-listed Bank Nobu.
Private Equity
CVC Capital, an existing shareholder, holds a 26.18% stake in the chain through Prime Health Company Limited.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
The SG-based VC firm is likely to invest over $8 million in the Indonesian restaurant operator.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
Automakers plan local productions to crack market dominated by Japanese players.
Jago Coffee and Janji Jiwa also offer beverages at low price points.
Astra is confident of competing in the EV market riding on its strong ecosystem.