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% …
Author: Deal Street Asia Online News
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
KKR consortium makes $2.3b bid for Australia’s Link Group-backed PEXA
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
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