Deals
Buyer entity CAPGC is majority-owned and operated by Chandra Asri Group and minority-owned by Glencore.
Indonesia's OJK revokes TaniFund's P2P lending licence
India's Hindalco considering seeking $1.2b in IPO of its US unit Novelis
Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore
SG data platform Atlan secures $105m Series C funding led by GIC, Meritech Capital
SEA Digest: VinFast to enter PH; Thai Syn Pitarn nabs funds; Earth VC backs HyLight
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CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
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
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Existing investors Salesforce Ventures and Peak XV Partners also participated.
Analysis
In 2023, the region’s data centre deals hit a record high of $3.5b.
Venture Capital
Elevarm’s seed round was anchored by Insignia Ventures Partners.
Interest from Olam Agri has sparked a bidding war between the two firms since January this year.
B Capital is in the market to raise up to $500m for its new early-stage vehicle.
Earnings and Results
Mirxes refiled its draft IPO prospectus with a target to raise at least $100 million.
The investment adds to the S$11.5b the company has already invested in APAC till 2023.
The Radical Fund will source technology-enabled ventures aligned with Keppel’s strategic priorities.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.