Glory Ventures, a cross-border venture capital (VC) firm that invests in China and Israel, announced on Monday that the firm has closed its second USD-denominated fund at $120 million to focus firepower on the next-generation IT industry. Glory Ventures, which now manages three RMB funds and two US dollar funds, said in a statement that… Continue reading China’s Glory Ventures closes oversubscribed USD Fund II at $120m …
Author: Deal Street Asia Online News
Singapore wealth fund GIC set to open Sydney office next year
Singapore’s sovereign wealth fund GIC said it was planning to open a new office in Sydney next year to focus on investment opportunities in Australia. This will be the investor’s 11th office worldwide. GIC said its portfolio in Australia has witnessed steady growth and that it will continue to scout for opportunities across various sectors. “We… Continue reading Singapore wealth fund GIC set to open Sydney office next year
KKR-backed PropertyGuru to acquire REA Group units in Malaysia, Thailand
PropertyGuru Group, the Singapore-based online real estate major backed by private equity giants KKR and TPG Capital, on Monday announced that it has agreed to acquire the operating entities of ASX-listed REA Group in Malaysia and Thailand. The acquisition involves iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. The financial details of… Continue reading KKR-backed PropertyGuru to acquire REA Group units in Malaysia, Thailand
Despite debut boost for JD Logistics, IPO fatigue hits Hong Kong …
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 Despite debut boost for JD Logistics, IPO fatigue hits Hong Kong …
China’s antitrust probe may create level play field for smaller tech firms: Pantheon’s Jie Gong …
Premium The investment world is not overly concerned about the recent series of efforts that Beijing has made to step up scrutiny of monopoly practices in China’s Big Tech giants. The country’s heightened antitrust probe is expected to create “a more level play field” for smaller competitors, according to a partner at Pantheon Ventures. “From an investor’s… Continue reading China’s antitrust probe may create level play field for smaller tech firms: Pantheon’s Jie Gong …
IFC proposes to extend $50m loan to Rabobank’s India unit
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Changes in tech landscape, buyouts may drive PE deals in India
“When we opened our office in India, the market was not mature. Only 5-6% of the deals were buyouts and today, almost 50% is late-stage control deals. This will only increase over time. It is a natural progression of the market. And PE firms have become much more confident about India,” said Utsav Baijal, senior… Continue reading Changes in tech landscape, buyouts may drive PE deals in India
The complete list of investors in Indonesian e-commerce giant Bukalapak
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Indian startups are flush with cash amid rapid digital adoption
“You have seen incredible resilience. The digitization wave that started last year is continuing. Investors recognize that potential. They know this is a temporary setback. If anything, it is a permanent shift in the right direction for technology-led businesses. We can clearly see investor enthusiasm around that,” said Karthik Reddy, co-founder of Blume Ventures, an… Continue reading Indian startups are flush with cash amid rapid digital adoption
CDIB, Firstred, Huatai acquire Chinese cosmetics packaging firm Yuga …
A consortium of investors comprising Taiwanese buyout firm CDIB Capital Group, Beijing-based Firstred Capital, and Huatai International Private Equity Fund has acquired Chinese cosmetics packaging firm Yuga Group Holdings. Established in 2003, Yuga is a supplier of cosmetics packaging products, offering customised packaging with in-house aluminum processing capabilities. Headquartered in eastern China’s Suzhou City, the… Continue reading CDIB, Firstred, Huatai acquire Chinese cosmetics packaging firm Yuga …