Raisewell Ventures, a VC fund focusing on the US and Southeast Asia, has announced its official launch, while Singapore-based VC firm Leo Capital has secured the first close of its 25 million euros ($27.6 million) Nordic Fund. Raisewell Ventures officially launches Raisewell Ventures, a newly established venture capital fund, has announced its official launch. With… Continue reading SEA Digest: Raisewell Ventures launches; Leo Capital hits first close of Nordic FundRaisewell Ventures will focus on the US and SE Asia.
Author: Deal Street Asia Online News
SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025SoftBank and Tiger Global have a roughly 15% stake, while Alpha Wave Global holds 18% i…
SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the… Continue reading SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025SoftBank and Tiger Global have a roughly 15% stake, while Alpha Wave Global holds 18% i…
Bain makes $4.1b offer to counter KKR’s Fuji Soft takeover bid: NikkeiThe offer is 5% higher than KKR’s bid.
US buyout fund Bain Capital has made a counter-offer to buy Japanese software developer Fuji Soft for about 600 billion yen ($4.1 billion), or around 5% higher than private equity firm KKR’s bid, the Nikkei newspaper reported on Tuesday. Bain is believed to have proposed a price of around 9,200 to 9,300 yen for each… Continue reading Bain makes $4.1b offer to counter KKR’s Fuji Soft takeover bid: NikkeiThe offer is 5% higher than KKR’s bid.
Greater China Digest: Vistra buys HK’s Sertus; Calastone expands Taiwan presenceCalastone was bought by The Carlyle Group in Oct 2020.
Business services firm Vistra has acquired Hong Kong-based corporate services provider Sertus, while Carlyle-owned funds distributor Calastone is expanding its Taiwan team. Vistra acquires HK’s Sertus Business services firm Vistra Global Incorporation (Vistra GI) has acquired Hong Kong-based Sertus, a company incorporation and corporate services provider. The acquisition helps deepen Vistra GI’s capabilities in the… Continue reading Greater China Digest: Vistra buys HK’s Sertus; Calastone expands Taiwan presenceCalastone was bought by The Carlyle Group in Oct 2020.
China’s Infinigence AI bags $70m in Series A fundingThe proceeds will fund Infinigence AI in talent acquisition and tech R&D.
Artificial intelligence (AI) infrastructure developer Infinigence AI has raised almost 500 million yuan ($70.2 million) in a Series A round of financing to bring its total fundraising to nearly 1 billion yuan ($140.5 million) just 16 months after its inception. China-based Infinigence AI, which grew out of the Electronics Engineering Department at Tsinghua University, closed… Continue reading China’s Infinigence AI bags $70m in Series A fundingThe proceeds will fund Infinigence AI in talent acquisition and tech R&D.
Indonesia’s AC Ventures invests in Temasek-backed OatsideThe funding is part of Oatside’s ongoing Series B round.
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Placement agent Eastbound Equity launches in SingaporeIt will deploy over $50m across funds and tech businesses on behalf of its network.
Capital raising advisor Eastbound Equity has launched its operation in Singapore to match private fund managers and businesses with investors by connecting the East and the West. “We noticed that not all Asian investors, whether family offices, corporates, or sovereign wealth funds have good access to top-tier funds and companies outside of the region. This… Continue reading Placement agent Eastbound Equity launches in SingaporeIt will deploy over $50m across funds and tech businesses on behalf of its network.
Investors in Indian IPOs dump half their shares within a week of listing: SebiBanks sold 79.8% of shares within a week of listing, the markets regulat…
India’s markets regulator said on Monday that investors in public issues sold 54% of shares within a week of listing. Between April 2021 and December 2023, investors showed a greater propensity to exit from the initial public offers that exhibited positive listing gains than those that listed at a loss, the study by the Securities and Exchange Board… Continue reading Investors in Indian IPOs dump half their shares within a week of listing: SebiBanks sold 79.8% of shares within a week of listing, the markets regulat…
Blackstone, CPPIB near $13.5b deal to buy Aussie data centre group AirTrunk: reportAirTrunk is owned by Macquarie Group and Canada’s Public Sector Pen…
A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and its partner, the Canada Pension Plan Investment Board (CPPIB), emerged as the preferred buyer for AirTrunk, after outbidding a rival investor group, the… Continue reading Blackstone, CPPIB near $13.5b deal to buy Aussie data centre group AirTrunk: reportAirTrunk is owned by Macquarie Group and Canada’s Public Sector Pen…
India Digest: Nutrabay raises $5m; Vikran Engineering raises pre-IPO round Nutrabay’s funding was led by RPSG Capital Ventures.
Nutrabay, a D2C retailer of sports nutrition & wellness products, has raised $5 million led by RPSG Capital Ventures. Separately, Vikran Engineering & Exim Pvt has closed a pre-IPO funding round of Rs 100 crore ($11.91 million). Nutrabay raises $5m led by RPSG Capital Ventures Nutrabay, a D2C retailer of sports nutrition & wellness products,… Continue reading India Digest: Nutrabay raises $5m; Vikran Engineering raises pre-IPO round Nutrabay’s funding was led by RPSG Capital Ventures.