Private equity powerhouse KKR has teamed up with real estate technology and services firm Domain Holdings Australia Limited to make a A$3 billion ($2.3 billion) bid to acquire electronic property settlement provider Property Exchange Australia (PEXA). PEXA is 44.2% owned by Australia’s listed Link Group, a provider of data and administration services to the finance… Continue reading KKR consortium makes $2.3b bid for Australia’s Link Group-backed PEXA
Author: Deal Street Asia Online News
Australia’s BetMakers enters race for Tabcorp’s wagering arm with $3.1b bid …
Australia’s BetMakers Technology Group Ltd on Friday intensified a three-way bidding war for Tabcorp Holdings Ltd’s wagering and media business, offering A$4 billion ($3.1 billion) for the struggling division. The BetMakers proposal dwarfs separate A$3.5 billion offers by British sports betting firm Entain and US-based investment manager Apollo Management for the Tabcorp unit hit hard… Continue reading Australia’s BetMakers enters race for Tabcorp’s wagering arm with $3.1b bid …
Samsung Life acquires 25% stake in Savills IM, commits $1b to investment strategies
South Korea’s largest life insurance provider Samsung Life will acquire an initial stake of 25% in Savills IM Holdings Ltd (Savills IM), a subsidiary of the real estate services provider Savills Plc, for 63.75 million pounds in cash. This is part of a strategic investment alliance between Samsung Life, Savills IM, and real estate asset… Continue reading Samsung Life acquires 25% stake in Savills IM, commits $1b to investment strategies
Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket
Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart, and Reliance Industries. The stake was bought by Tata Digital Limited, a unit of Tata Sons. Tata on Friday declined to give further details on the deal, while BigBasket did not… Continue reading Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket
India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode
Co-living platform Abuzz has acquired student accommodation startup Oxfordcaps while Tata Group is in talks to acquire health and fitness startup Cult.Fit (formerly Cure.fit). Separately, Dream11 has pumped in $50 million in its in-house sports content and commerce platform FanCode. Abuzz acquires Oxfordcaps Altruist Technologies that runs bachelor-focused co-living platform Abuzz has acquired student accommodation… Continue reading India Digest: Oxfordcaps, Cult.Fit in M&A news; Dream11 puts $50m in FanCode
China’s “Uber for trucks” Full Truck Alliance files for $1.5b IPO on NYSE
China’s Full Truck Alliance, which styles itself as the country’s ‘Uber for Trucks’, has made public filings to list on the New York Stock Exchange and aims to raise up to $1.5 billion, sources with direct knowledge of the matter said. At that amount, it would be the second-largest US listing by a Chinese company… Continue reading China’s “Uber for trucks” Full Truck Alliance files for $1.5b IPO on NYSE
China Digest: Haimayun nets $44m; Tiger Global leads Lingxing’s $30m Series B …
Haimayun has secured 280 million yuan ($44 million) in a new round of financing, while Shenzhen Lingxing Network Technology has raised 200 million yuan ($30 million) in a Series B round of financing led by Tiger Global. Haimayun nets $44m in a new funding round Cloud gaming technology services provider Haimayun has secured 280 million… Continue reading China Digest: Haimayun nets $44m; Tiger Global leads Lingxing’s $30m Series B …
China’s Yingke PE raises nearly $1.6b for new RMB fund, days after closing USD 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 China’s Yingke PE raises nearly $1.6b for new RMB fund, days after closing USD fund
JD Logistics soars in Hong Kong debut, valuing it at $36b
JD Logistics Inc soared 14% on debut, giving the Chinese delivery and warehousing firm a $36 billion stock market value and providing a strong start on Friday for what is only the third mega listing in Hong Kong so far this year. Shares of the company, spun out from Chinese e-commerce firm JD.com, opened at… Continue reading JD Logistics soars in Hong Kong debut, valuing it at $36b
Singtel plans to ramp up funding in SE Asia’s digital service cos
Singtel has started such digital investments, including a digital banking joint venture with Singapore’s Grab. (Photo by Keiichiro Asahara) Premium Singapore Telecommunications will raise its investment in digital service companies in Southeast Asia, attempting to seize opportunities in the region, the company said Thursday, as the COVID-19 pandemic weighs on its traditional mobile carrier business.… Continue reading Singtel plans to ramp up funding in SE Asia’s digital service cos