E-Commerce Service Valued at $235 Million Targets U.S. IPO
May 05 2021, 12:15 AM
May 04 2021, 8:21 AM
May 05 2021, 12:15 AM
(Bloomberg) SCI Ecommerce, the online shopping service provider backed by two of Alibabaâs earliest employees, has raised more than S$50 million ($38 million) to expand in Southeast Asia ahead of a potential Nasdaq listing.
(Bloomberg) SCI Ecommerce, the online shopping service provider backed by two of Alibabaâs earliest employees, has raised more than S$50 million ($38 million) to expand in Southeast Asia ahead of a potential Nasdaq listing.
Asia Partners led the new funding round, which valued the seven-year-old startup at $235 million, a person familiar with the matter said, asking not to be identified. Armed with an aggressive expansion strategy in Southeast Asia, the startup is planning to pursue a primary listing in New York as early as the end of this year with a target market valuation of $1 billion, Chief Executive Officer Joseph Li
KKR closes fourth Asia buyout fund at record $15b
REUTERS/Brendan McDermid
April 6, 2021
Private equity giant KKR & Co announced that it had closed its fourth Asia-focused buyout fund at $15 billion, the largest PE fund dedicated to investing in the Asia Pacific region.
KKR Asian Fund IV exceeded its $12.5-billion target and also surpassed the record $10.6 billion raised by Hillhouse Capital Group for Asia in 2018. KKR said it will be investing approximately $1.3 billion in capital alongside fund investors through the firm and its employees’ commitments.
The fund received strong support from a diverse group of new and existing global investors, including strong representation by Asia Pacific-based investors.
Asia Partners names DFC, DEG as LPs in $384m debut PE fund dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Asia Partners
March 3, 2021
Singapore-headquartered Asia Partners, launched by former Sea Ltd president Nick Nash and Naspers B2C e-commerce division’s former CEO Oliver Rippel, announced the final close of its inaugural private equity (PE) fund at $384 million.
The fund – Asia Partners I – is the largest debut technology fund that is focused specifically on Southeast Asia. The PE vehicle seeks to make investments starting from $20 million across Southeast Asian tech startups.
The closing commitment of $384 million signals a strong investor appetite for the region’s burgeoning market for e-commerce, payments, mobile apps, and other tech and internet startups.
The fund made a $78 million first close in November 2019 and another close at $117.85 million in January 2020. The firm’s filing with the US Securities and Exchange Commission in January 2021 showed that the fund was able to secure $282 million in commitments at that time.