Deals
Here are the most significant private equity, venture capital and startup developments from the week that went by.
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
Xiaomi says sales of its electric car 3-5x higher than expected
PE major Blackstone reports 1% rise in first-quarter earnings
UBS said to be shutting some China private funds, laying off a third of staff
Crypto exchange Binance obtains Dubai licence to target retail clients
More Stories
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
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
Analysis
“Decision was made due to deteriorating macroeconomics in Myanmar.”
Myanmar-based Rent 2 Own issued new shares to PE firm Delta Capital Myanmar and others this week.
Policy & Regulations
The two neighbours will work towards enhancing the cross-border flows of goods and people.
The Adani Group company announced the sale in May 2022 after a military coup in Myanmar
The deal will pave the way for Chevron’s exit from the Asian country.
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Myanmar
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.