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 Several obstacles stand in the way of SPACs landing in Hong Kong …
Author: Deal Street Asia Online News
SG’s Vulpes trains eye on sustainability in portfolio, future investments
Premium Sustainability is becoming an integral part of due diligence in venture capital, and Vulpes Investment Management is taking a hard look at its portfolio and investment processes, said Stephen Diggle, founder of the family office-backed firm. “There may be changes in the portfolio,” Diggle said in an interview with DealStreetAsia. “And there may be… Continue reading SG’s Vulpes trains eye on sustainability in portfolio, future investments
New investors spot big promise in India’s renewable energy sector
Earlier this month, US investment firm Augment Infrastructure said it will buy a majority stake in rooftop solar power producer Mumbai-based CleanMax Enviro Energy Solutions for ₹1,650 crore, marking its first investment in India. Also in August, Copenhagen Infrastructure Partners, a renewable energy-focused fund manager, announced its first India investment with a commitment of $200 million… Continue reading New investors spot big promise in India’s renewable energy sector
Jollibee investing $77m in IPO-bound industrial REIT CentralHub
Philippine-listed fast-food giant Jollibee Foods Corporation (JFC) has approved a 3.9 billion pesos ($77 million) investment to create the country’s first and largest industrial real estate investment trust (REIT) in partnership with realty major DoubleDragon. In a disclosure to the Philippine Stock Exchange Friday, Jollibee said that it, together with its wholly-owned subsidiary Zenith Foods… Continue reading Jollibee investing $77m in IPO-bound industrial REIT CentralHub
BharatPe raises $27m debt funding from IIFL Wealth and Northern Arc …
This marks BharatPe’s seventh debt fundraise, taking the total debt raised by the company to over ₹500 crore (or roughly around $70 million). The company plans to raise a total of $250 million in debt by the end of fiscal year 2021-2022 (FY22). Earlier this year, BharatPe had raised over ₹300 crore from top venture debt funds… Continue reading BharatPe raises $27m debt funding from IIFL Wealth and Northern Arc …
Indonesia’s GoTo closes in on $2b funding round, IPO may be delayed to 2022
Indonesia’s biggest tech group GoTo is set to complete a pre-IPO funding exercise to raise up to $2 billion in the next few weeks, but regulatory delays threaten to push its listing plans to early next year, three sources familiar with the matter said. The delay comes as the southeast Asian nation’s Financial Services Authority… Continue reading Indonesia’s GoTo closes in on $2b funding round, IPO may be delayed to 2022
India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
Financial services firm Avendus on Thursday announced that it has achieved the first close of its Future Leaders Fund II with aggregate commitments of about $78 million (Rs 584 crore). The fund, a Category-II AIF registered with Sebi, is targeting to raise Rs750 crore with a green-shoe option of another Rs500 crore. The fund has… Continue reading India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
Despite widening losses, analysts and retail investors bet big on Sea Ltd
The shares of Singapore-based Sea Ltd have continued their northward journey on the New York Stock Exchange (NYSE), despite the e-commerce and gaming giant reporting a widening of losses in the second quarter (Q2) of this year. Sea Ltd’s shares closed at $318.61 apiece on Wednesday, following the group’s quarterly results announcement, up more than… Continue reading Despite widening losses, analysts and retail investors bet big on Sea Ltd
India: Bain-backed Emcure Pharmaceuticals eyes $672m IPO …
India’s Emcure Pharmaceuticals has filed draft papers with the market regulator for an initial public offering, which a source with direct knowledge of the matter said could be worth up to 50 billion rupees ($671.89 million). Emcure is the latest Indian company to tap capital markets this year in a fund-raising frenzy driven by abundant liquidity and record-high… Continue reading India: Bain-backed Emcure Pharmaceuticals eyes $672m IPO …
China Evergrande in talks with Xiaomi consortium to sell EV unit stake
Embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle (EV) unit, three sources said. The Evergrande New Energy Vehicle (NEV) Group had a market capitalisation of $12.5 billion on Thursday and one of the sources said… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake