Author: Deal Street Asia Online News

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 …

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

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 …

EV firm Rivian could target valuation of $70b in IPO

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

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 …