Private Equity
Panasonic will also acquire a 20% stake in Star Japan Holdings, which will own the new parent company of PAS.
Panasonic to sell entire stake in auto business to Apollo Global-managed funds
Chinese memory chipmaker CXMT raising $1.5b in fresh round despite US sanction threats
India: Muthoot Microfin secures $75m through external commercial borrowings
India Digest: Blume leads $7.5m funding in Bambrew; Sindhuja Microcredit raises $14.5m from GAWA, Oikocredit
Blackstone to add private equity assets worth $25b in India: Report
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India: Former Premji Invest execs-led PE firm Trident Growth eyes $250m debut fund
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HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
SE Asia-focused PE funds salvage 2023 performance with strong H2 fundraising
SG’s Fractional aims to deliver more brand bang for startup’s buck
Deals
The proposed loan will have a tenor of two years, IFC said.
Nissan said in Dec that it would invest $650m in Ampere.
Venture Capital
The asset portfolio will operate under the Weave Living brand umbrella.
DNX raised $188m for Japan Fund IV and another $55m for Japan Annex Fund III.
Analysis
The potential demerger is part of a strategic review, which began in August 2023.
The investment is BII’s first direct equity investment since re-entering SE Asia in 2022.
The Saudi government has a 60% stake in Lucid.
The firm plans to allocate $300-400m annually to Asia as part of its growth strategy.
Japan emerges as the only bright spot in the Asia-Pacific PE market.