The LP View
Staff at fund management firms undergoing group transformation are often provided with retention incentives.
Deals
Another investor from Singapore is also in the fray to back the startup's over $60m round.
Analysis
Nearly 44 of the 183 companies that listed since 2021 are trading below their offer price.
EQT to acquire digital consultancy firm Perficient for about $3b
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Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
World
Perficient has operations spanning the United States, Latin America, Europe and India.
Malaysia
The deal marks Ekuinas's third investment in the pharmaceutical sector.
Morgan Stanley Private Equity Asia and India Life Sciences have jointly acquired a controlling stake.
Greater China
The new financing marks the fifth funding round raised by Volant since its inception in June 2021.
Vietnam
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
The new funding will finance the establishment of Fano Labs’s new office in Singapore as part of its APAC expansion plans.
Ola is exiting the UK, Australia, and New Zealand.
The firm is part of Galaxy Entertainment, in which MoMo-backer Thien Viet Securities is an investor.
Singapore
The parties are working on the details of a transaction that could be announced as soon as the coming weeks.
Indonesia
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
This edition features quarterly earnings of Indonesia’s listed tech startups GoTo Group, Bukalapak and Blibli.
Rest of Asia
Warnings of this kind occur frequently in EU trade defence cases.
The notice includes the flagship Adani Enterprises.
Zhao is the second major crypto boss to be sentenced to prison, after Sam Bankman-Fried.
Employee numbers were 126 at the end of December, down from 234 a year earlier.