Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said. Kokusai… Continue reading KKR to trim stake in Japanese chip tool maker Kokusai Electric: report
Author: Deal Street Asia Online News
G.O.A.T Brand Labs raises $21m and India deals worth $92m
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Conditions still not ripe to allow crypto listings on SGX, says chief
Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, CEO Loh Boon Chye said on Tuesday, adding that conditions are still not ripe for such a move. Speaking in an interview at the Reuters NEXT conference in Singapore, Loh said “not at the moment”, when asked whether SGX would be open to crypto listings.… Continue reading Conditions still not ripe to allow crypto listings on SGX, says chief
Temasek enhances focus on India amid China’s public market woes
Singapore’s state-owned investor Temasek Holdings is augmenting its focus on India as China’s public market continues to suffer a slow recovery. The firm, which last year posted a S$7-billion loss for the first time in years, saw its one-year shareholder returns swinging back to positive—to around 2% in Singapore dollar terms—for the year ended March… Continue reading Temasek enhances focus on India amid China’s public market woes
Temasek-backed 65 Equity Partners invests $74m in SG manufacturer Hi-P65 Equity Partners invested in the SG-based firm through its S$1 billion Local E…
Temasek-backed global investment firm 65 Equity Partners has invested S$100 million (about $74 million) in Hi-P International, a Singapore-headquartered manufacturing firm, according to an announcement. Hi-P, which provides advanced manufacturing and production, assembly, testing, and packaging services to multinational companies, said it will use the fresh funding to accelerate its next stage of growth. “This… Continue reading Temasek-backed 65 Equity Partners invests $74m in SG manufacturer Hi-P65 Equity Partners invested in the SG-based firm through its S$1 billion Local E…
Data Vantage: DALI, GamePhilos, Kindred, ObvioHealth and Gentle Group in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: DALI, GamePhilos, Kindred, ObvioHealth and Gentle Group in focus
Asia Digest: VIG Partners sells Preed Life stake to KKR; Actis RE platform invests in ThailandThe deal values Preed Life at about $723 million.
South Korean PE firm VIG Partners has sold a partial stake in Preed Life to KKR while Actis platform Levanta Renewables acquired a solar project portfolio in Thailand. Korean PE firm VIG Partners sells partial stake in Preed Life to KKR South Korean private equity firm VIG Partners announced selling a partial stake in funeral… Continue reading Asia Digest: VIG Partners sells Preed Life stake to KKR; Actis RE platform invests in ThailandThe deal values Preed Life at about $723 million.
Morgan Stanley fund backs Vietnamese creator economy startup METUB
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Australia’s Bapcor rejects Bain Capital’s $1.2b bid; appoints new CEO
Auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital, saying the proposal “does not represent fair value for Bapcor”. Bain Capital had offered to buy Bapcor for A$5.4 per share in cash, representing a 23.9% premium to the stock’s June 7 close of A$4.36.… Continue reading Australia’s Bapcor rejects Bain Capital’s $1.2b bid; appoints new CEO
Asia Digest: KKR said to revive Goodpack sale; DealCart raises fresh fundingShorooq Partners and Sturgeon Capital led DealCart’s funding round.
KKR is reportedly looking to put Goodpack, a Singapore-based global supply-chain and logistics company, on the block, while Pakistan’s social e-commerce startup DealCart has raised $3 million in a seed funding round. KKR in early talks for Goodpack sale KKR is reportedly looking to initiate a sale process for Goodpack, a Singapore-based global supply-chain and… Continue reading Asia Digest: KKR said to revive Goodpack sale; DealCart raises fresh fundingShorooq Partners and Sturgeon Capital led DealCart’s funding round.