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Editor s take: The week that was — July 5-10

Editor’s take: The week that was July 5-10 AirAsia Group acquired Indonesian ride-hailing and payments firm  Gojek’s Thailand business in a stock swap deal, which would result in the latter owning a 4.76% stake in AirAsia’s lifestyle platform. In an interview with DealStreetAsia, the budget airline’s CEO  Tony Fernandes explained the genesis of the transaction and the inorganic growth route that the firm is planning to adopt to expand its operations amidst the COVID-19 pandemic. Meanwhile, Salim Dhanani, CEO and co-founder of AirAsia’s fintech unit  BigPay said the group’s goal in Thailand is to launch all core features, from payments to international remittance.

Singapore PE firm Ikhlas Capital invests in Silverlake partnership

2 Min Read KUALA LUMPUR, July 6 (Reuters) - Singapore-based private equity firm Ikhlas Capital has formed a strategic partnership with Silverlake Group through a $40 million investment to support the software company’s growth, the firms said on Tuesday. Ikhlas will be Silverlake’s first institutional partner, and the tie-up will help the technology software group strengthen its foothold in Asia and accelerate international expansion, they said in a joint statement. The firms did not detail the stake involved in the investment. A source close to the deal said the investment includes Ikhlas taking equity stakes in the listed entity and in unlisted parts of the Silverlake Group.

Singapore PE firm Ikhlas Capital invests in IT software firm Silverlake

Singapore PE firm Ikhlas Capital invests in IT software firm Silverlake
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