A consortium that included private equity giant KKR & Co and Canadian pension funds Ontario Teachers and PSP Investments is acquiring Australia’s Spark Infrastructure in a deal that values the company at A$5.2 billion (about $3.78 billion). In a statement Monday, Spark Infrastructure, which operates an electricity distribution network in Southern Australia, said it has… Continue reading KKR-led consortium to acquire Australia’s Spark Infra in $3.78b deal
Author: Deal Street Asia Online News
People Digest: Binance Singapore names CEO; Deutsche Bank appoints APAC wealth solutions head
Binance Singapore has appointed Richard Teng as Chief Executive Officer while Deutsche Bank has appointed Dominique Jooris as head of wealth solutions coverage for Asia-Pacific. Binance Singapore appoints CEO Binance Singapore, the fiat-to-crypto platform for trading of cryptocurrencies in Singapore Dollars (SGD), has announced the appointment of Richard Teng, former chief of Financial Services Regulatory… Continue reading People Digest: Binance Singapore names CEO; Deutsche Bank appoints APAC wealth solutions head
Ola, Ola Electric have plans to go public next year, says CEO Bhavish Aggarwal …
Indian ride hailing aggregator Ola has plans to go public sometime next year, but a final date for the initial public offering (IPO) is yet to be decided, said chairman and group CEO Bhavish Aggarwal. Both Ola and Ola Electric, the electric mobility arm of the group, have adequate capital and balance sheets and will go public in… Continue reading Ola, Ola Electric have plans to go public next year, says CEO Bhavish Aggarwal …
Vertex’s Chua Kee Lock on bonds, deal-making and the Temasek relationship
Premium Vertex Holdings isn’t your typical venture capital investor. Few VC firms can boast of having Singapore state investor Temasek as a committed limited partner (LP) on its board. Even fewer are in a position to influence Southeast Asian venture capital the way it has. Go to Source
ESR-ARA combination offers investors capital recycling opportunity, exposure to e-commerce boom
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 ESR-ARA combination offers investors capital recycling opportunity, exposure to e-commerce boom
Indian auto classifieds platform CarTrade lists at discount to issue price
The stock touched a high and a low of ₹1610 and ₹1476 respectively intraday. “We have to see how the CarTrade IPO will perform because retail investors’ interest has come down significantly amid a correction in midcap and small-cap space but we saw decent subscription numbers by HNIs on the last day,” an analyst said on a… Continue reading Indian auto classifieds platform CarTrade lists at discount to issue price
UK regulator deals blow to Nvidia’s $40b deal to buy SoftBank-backed ARM …
Nvidia Corp’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation. Struck in September last year, the deal for Britain’s most important technology company by the world’s biggest maker of graphics… Continue reading UK regulator deals blow to Nvidia’s $40b deal to buy SoftBank-backed ARM …
Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world’s biggest stock listing so far this year. Shares of the Chinese telecom giant, which is blacklisted by the U.S. government due to alleged links to the Chinese military, opened 5.7% higher and rose as much as the… Continue reading Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China said to be pushing US IPO-bound firms to hand over management of data
Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively… Continue reading China said to be pushing US IPO-bound firms to hand over management of data
Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures
Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday. The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or… Continue reading Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures