Electric-truck startup Rivian Automotive Inc could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg news reported on Friday. Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, Reuters reported in January, after a $2.65-billion investment round led by T. Rowe Price. Rivian is working with advisers including Goldman Sachs Group Inc, JPMorgan Chase & Co., and Morgan Stanley on an initial… Continue reading EV firm Rivian could target valuation of $70b in IPO
Author: Deal Street Asia Online News
Gaw Capital Partners closes first growth equity fund at $430m
Hong Kong-headquartered real estate private equity firm Gaw Capital Partners has closed its first commingled growth equity fund, Gaw Growth Equity Fund I, at over $430 million, according to a statement. Excluding capital raised for co-investment deals, the fund closed at $332 million in total commitments and is approximately one-third committed, the firm said. Investors… Continue reading Gaw Capital Partners closes first growth equity fund at $430m
US pension fund commits $20m to KKR’s global infrastructure fund …
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 US pension fund commits $20m to KKR’s global infrastructure fund …
SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317% …
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 SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317% …
China’s medical equipment provider Jenscare secures funding co-led by GL Ventures …
Chinese cardiovascular instruments supplier Jenscare Scientific, formally known as Ningbo Jenscare Biotechnology Co., Ltd, has raised a new round of financing co-led by Asia-focused private firm Hillhouse Capital’s venture unit GL Ventures. Primavera Capital, which had led an undisclosed Series B round funding in Jenscare, acted as the co-lead investor in the latest round, according… Continue reading China’s medical equipment provider Jenscare secures funding co-led by GL Ventures …
South Korean pension fund pledges to curtail investments in coal projects …
South Korea’s National Pension Service (NPS) said on Friday it will limit investing in industries related to coal mining and coal-fired power, in line with global efforts to reduce carbon emissions. The world’s third-largest pension fund, with 872.5 trillion won ($783.42 billion) in assets as of the end of March, announced its commitment to supporting… Continue reading South Korean pension fund pledges to curtail investments in coal projects …
SG Digest: ST Telemedia GDC expands to Indonesia; CapitaLand ups IT park stake …
ST Telemedia Global Data Centres has announced its expansion into Indonesia while Singapore-based real estate major CapitaLand has acquired the remaining 50% stake in Dalian Ascendas IT Park. ST Telemedia Global Data Centres expands in Indonesia ST Telemedia Global Data Centres (STT GDC), a Singapore-based data centre service provider, has announced a strategic partnership with… Continue reading SG Digest: ST Telemedia GDC expands to Indonesia; CapitaLand ups IT park stake …
SPACs led by executives at China’s Zhencheng, Tiger Brokers file for US IPOs
Wall Street, New York, United States. Photo: Robert Bye/Unsplash Premium TradeUP 88 and Fortune Rise Acquisition, two blank cheque companies led by executives at China’s Zhencheng Capital and online brokerage firm Tiger Brokers, have become the latest participants to join the SPAC fleet. Go to Source
Chinese AI startup MegaRobo raises $65m from Matrix Partners, Sinovation, others
MegaRobo, a high-tech startup that applies AI and robotics in life sciences and other sectors, has raised $65 million in a funding round led by Hong Kong-listed pharma giant WuXi AppTec, as per a company statement. The round was joined by existing investors including Matrix Partners China, Dr. Kai-Fu Lee’s Sinovation Ventures, Germany-based Bosch’s investment… Continue reading Chinese AI startup MegaRobo raises $65m from Matrix Partners, Sinovation, others
Japanese PE player J-Star exits film coating firm Nakai Industrial
Japanese private equity firm J-Star on Friday announced its exit from film coating company Nakai Industrial Co Ltd through the sale of entire its interest in the firm to Mitsubishi Chemical Corp for an undisclosed sum. The transaction was conducted through J-Star funds (J-STAR No.3 SS, LP, etc.). J-Star said Nakai, which was set up… Continue reading Japanese PE player J-Star exits film coating firm Nakai Industrial