Author: Deal Street Asia Online News

Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund

Venture capital firm Prime Venture Partners on Wednesday announced that it has secured a $75 million first close of its $100-million fourth fund as it looks at newer areas for investment. The investors or limited partners in the latest fund include the International Finance Corporation (IFC), a part of the World Bank Group, a top-tier… Continue reading Indian VC firm Prime Venture Partners hits first close of its fourth, $100m fund

Fidelity International China president leaves ahead of mutual fund business launch

Fidelity International China President Daisy Ho will leave the company to pursue other career opportunities, the global asset manager said on Wednesday, less than three weeks after Chinese regulators allowed it to set up a mutual fund subsidiary. The departure of Ho, who oversees Fidelity International‘s overall China strategy, “won’t impact the preparation of the company’s China mutual fund business,” the company said… Continue reading Fidelity International China president leaves ahead of mutual fund business launch

CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel said on Wednesday. The consortium also includes Abu Dhabi sovereign wealth fund Mubadala Investment Co, South Korea’s GS Holdings Corp and private equity firm… Continue reading CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

Ahead of IPO, India’s Paytm allots shares to 166 former and current employees

One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees ahead of its planned public listing, according to the company’s filings with the ministry of corporate affairs. More than 1.01 million shares have been allotted to these individuals, the filings showed. The list includes Paytm’s president Amit… Continue reading Ahead of IPO, India’s Paytm allots shares to 166 former and current employees

Debt servicing firm Collectius buys Thailand peer Magnate Group Plus

Collectius, a Singapore-based pan-Asian NPL restructuring firm, announced that it has acquired Magnate Group Plus, one of Thailand’s top five debt servicing companies, for an undisclosed amount. Magnate has more than 350 employees and an annual turnover of over 200 million baht (about $6 million). It currently services customers from banks and other commercial clients,… Continue reading Debt servicing firm Collectius buys Thailand peer Magnate Group Plus

Eastspring Investments launches ESG bond programme in Hong Kong

Eastspring Investments, the Asian investment management arm of American financial group Prudential, is offering its Asia Sustainable Bond Strategy to Hong Kong, according to an announcement. The bond fund has been approved to be included on the Securities and Futures Commission of Hong Kong’s list of environmental, social, and governance (ESG) funds. Eastspring’s Asia Sustainable… Continue reading Eastspring Investments launches ESG bond programme in Hong Kong

Blackstone said to be in talks to acquire SG’s Interplex for $1b: Report …

US investment major Blackstone is reportedly in talks to acquire Interplex, a Singapore-based precision components company, from Baring Private Equity Asia (BPEA), for at least $1 billion. A Bloomberg report, which quoted people familiar with the matter, said Blackstone is currently laying out the details of the transaction, although final negotiations could still take weeks.… Continue reading Blackstone said to be in talks to acquire SG’s Interplex for $1b: Report …

PropertyGuru set to ramp up data, software services to boost marketplace lead

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading PropertyGuru set to ramp up data, software services to boost marketplace lead