The sale lowered Berkshire’s holdings in BYD’s issued H-shares to 9.87% from 10.05%.
Berkshire Hathaway sells $59m worth of shares in Chinese EV maker BYD
Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments
S Korean e-grocery platform Kurly raises $91m from existing investors Aspex, Anchor
Chinese automaker BYD to manufacture EVs in Vietnam
Sequoia-backed Indian edtech firm Cuemath lays off 100 employees
Indonesian coffee chain Kopi Kenangan brews ambitious global expansion plans
Vietnam’s Sapo Technology in talks to raise $20m in new funding round
Taylor’s Education Group owners mull sale of Malaysia, Vietnam universities: Report
SEA Digest: CAV closes first fund, MoneyLion exits digital Islamic bank consortium; Salim Group backs Mimin
Climate investor TRIREC to raise $100m third fund, to close predecessor at $80m
Bain Capital kicked off the fundraising at the start of the year and has already raised about $2b.
Multiples founder expects the final close of the fourth fund within a year.
Rest of Asia
Bain’s initial target for the fund was $5b.
“Our differentiator is to focus on lower-tier geographies where there are vast healthcare needs,” said Mayur Sirdesai.
Blackstone has also been considering potential acquisitions in the absence of a sale.
Its predecessor vehicle was closed at $2.2 billion in 2020
CPPIB, IFC, and SBI have joined as anchor investors in the fund.
GIP’s Emerging Markets Fund I has a target of $5 billion.
The fund has a target of $350 million.