List of deals <US$100M in­vested in ASEAN in Q1-Q3 2017

Singapore Business Review - - FIRST -

cor­po­rate ven­ture cap­i­tal, or CVC. Anal­y­sis from SVCA re­vealed that three of the top five deals this year are CVCS in Sin­ga­pore: Grab Hold­ings’ $2b deal, Ara As­set Man­age­ment’s $1.3b buy­out deal, and SEA Lim­ited’s Se­ries E fund.

Rise of cor­po­rate ven­ture cap­i­tal

SVCA’S di­rec­tor ex­pressed cau­tion say­ing that this is a dou­ble-edged sword. “Whilst PES and VCS may find in­creas­ing com­pe­ti­tion from cor­po­rates will­ing to in­vest at height­ened val­u­a­tions due to per­ceived syn­er­gies, this grow­ing in­ter­est of cor­po­rate in­vestors from China, Ja­pan, and the US could also pave the exit routes for PES and VCS look­ing to di­vest their stakes,” said Yee. “The rise of CVCS in later rounds of fi­nanc­ing is also a boon for VCS in South­east Asia, typ­i­cally with lim­ited fund sizes of less than US$100M. and hence may not have suf­fi­cient cap­i­tal to con­tinue sup­port in later fi­nanc­ing rounds,” she noted. (For more sto­ries on fund­ing, see page 20)

KPMG’S ven­ture Pulse 2017 re­vealed that Sin­ga­pore’s ven­ture in­vest­ments to­talled US$725.3M in the sec­ond quar­ter of this year.

Source: Pre­qin and Sin­ga­pore Ven­ture Cap­i­tal As­so­ci­a­tion

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