Sub-title:
Leading private equity firms launched the Myanmar Private Equity & Venture Capital Association this month to give institutional investors a collective voice when engaging with the Myanmar authorities.
Description:
"“This launch marks a milestone in the development of the Myanmar economy since the country started opening up in 2012. The investment community has reached critical mass,” said association chair Josephine Price, who is co-founder of Anthem Asia.
The membership organisation also counts Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings, Trust Venture Partners’ Yangon Capital Partners and YGA Capital among its founding members.
After Myanmar opened up its market in 2012, the country attracted the interest of private equity investors looking to inject their funds. In 2018, startups in Myanmar raised around US$62 million. Online travel firm Oway secured $14.7 million from Japanese multinational business conglomerate Daiwa and the World Bank’s International Finance Corporation.
This year, British government-owned Commonwealth Development Corporation has invested $30 million into internet service provider Frontiir, the parent company of Myanmar Net, as the first direct equity investment in the country..."
Source/publisher:
"Myanmar Times" (Myanmar)
Date of Publication:
2019-09-23
Date of entry:
2019-09-23
Grouping:
- Individual Documents
Category:
Countries:
Myanmar
Language:
English
Resource Type:
text
Text quality:
- Good