In a regulatory filing Wipro said, “As part of the recently announced acquisition of Ensono by KKR, Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC.” It was in March 2018, Wipro and Ensono,… Continue reading Indian IT firm Wipro sells its stake in Ensono for $76.24m …
Author: Deal Street Asia Online News
Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies
Vietnam’s steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron ore mine project in Australia, marking the company’s first step to secure its own supplies in the world’s biggest iron ore producer. The project is estimated to have 320 million tonnes of reserves, with mining capacity at four million tonnes per year, Hoa Phat said in… Continue reading Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies
China Digest: Feiliu Tech; Rokae in funding news
Feiliu Tech has raised over 200 million yuan ($30 million) in its Series A1 and A2 rounds. In a separate development, Shunwei-backed Rokae has garnered a similar amount in its Series C+ round of financing. Feiliu Tech raises over $30m AI-driven apparel supply chain platform Feiliu Tech has garnered over 200 million yuan ($30 million)… Continue reading China Digest: Feiliu Tech; Rokae in funding news
China’s Glory Ventures closes oversubscribed USD Fund II at $120m …
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 …
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