Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Energy major PT TBS Energi Utama acquires Asia Medical Enviro Services from Dymon Asia Private Equity.
- Vietnamese powdered milk producer VitaDairy explores stake sale worth over $100 million.
- Indonesian bookkeeping startup Lummo goes into voluntary liquidation after raising funds from investors.
- B2B e-commerce startup Telio secures $15 million in funding from London-based investment firm Granite Oak.
- CPP Investments lays off five investment professionals in its Hong Kong office amid reduced deals in China.
- Asset allocators show stronger interest in private credit investments in the US and Europe over Asian markets.
- Indonesian sovereign wealth fund INA partners with GDS to develop and expand data centers.
- Singapore-based VC firm Vertex Growth Fund seeks investments in Japanese software developers.
- Global VC firm Antler aims to bring value to Malaysia’s VC sector through partnership with Khazanah Nasional Berhad.
- Asha Ventures in talks to raise a $100-million fund to support positive financial impact companies in India’s mass market segment.
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