Deals
Singapore-based mobility startup SWAT Mobility received $3.8 million this week from several Japan-based investors.
Neon Fund, others invest in SaaS startup ZEPIC and India deals worth 88m
India's Avaada Energy closes $535m refinancing from state-owned lender
Apple removes WhatsApp, Threads from China app store on government order
US fund Taiyo says it may buy into Brother bid for niche Japanese printer
South Korea's LG Electronics raises $800m through dollar bond offering
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Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Shinhan Venture Investment secures first close of Japan-focused fund
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Private Equity
This is the first announced deal of Center Back Capital.
Analysis
VinFast tripled first-quarter revenue but net loss rose 3.5%.
IPOs & Markets
The share sale may take place early next year if market conditions are conducive.
The new information also described the situation as “unprecedented” for the massive volume of the cash injections.
“Vietnam… emerges as a priority market for us.” —Zachary Lee, investment manager, The Radical Fund.
The transaction marks Warburg Pincus’s first healthcare deal in Vietnam.
A quick recap of all that happened in the PE-VC world in the week gone by.
The “China +1” strategy has emerged as a compelling approach for global fund managers.
Venture Capital
Mindverse’s funding round was anchored by Australian VC Square Peg.