Author: Deal Street Asia Online News

US fund Artisan Partners urges Seven & i for takeover bid update by Sept 19Artisan recommended that Seven & i seriously consider ACT’s offer.

US fund Artisan Partners Asset Management ramped up pressure on Japan’s Seven&i holdings, calling on the board to provide an update on a takeover bid from Canada’s Alimentation Couche-Tard (ACT) by Sept. 19. In a letter dated Friday and sent to journalists, Artisan portfolio managers N David Samra and Benjamin L Herrick recommended that Seven & i,… Continue reading US fund Artisan Partners urges Seven & i for takeover bid update by Sept 19Artisan recommended that Seven & i seriously consider ACT’s offer.

India’s Zepto raises $340m in fresh round led by General CatalystThe new round values the three-year-old company at $5 billion.

Indian grocery startup Zepto said on Thursday it has raised $340 million in a fresh round, just two months after its last fundraise. In the latest round led by General Catalyst, the three-year-old company was valued at $5 billion, a sharp rise from $3.6 billion in June. Zepto, which raised more than $1 billion in… Continue reading India’s Zepto raises $340m in fresh round led by General CatalystThe new round values the three-year-old company at $5 billion.

Indonesian fleet tracking startup TransTRACK raises $12m, eyes SE Asia expansionThe round was co-led by Eurazeo and Cocoon Capital.

TransTRACK, an Indonesian fleet tracking startup, has announced raising $12 million in a Series A funding round co-anchored by global investment firm Eurazeo and Singapore-based early-stage venture investor Cocoon Capital. The fresh funds come as the company, which focuses on digitalising fleets and supply chain integration solutions, eyes expanding across Southeast Asia, particularly in Indonesia,… Continue reading Indonesian fleet tracking startup TransTRACK raises $12m, eyes SE Asia expansionThe round was co-led by Eurazeo and Cocoon Capital.

Malaysian mini-market chain 99 Speed Mart’s IPO oversubscribed99 Speed Mart’s IPO is the country’s biggest listing in seven years.

The retail offering for the initial public offering (IPO) of Malaysia’s top mini-market chain 99 Speed Mart Retail Holdings has been oversubscribed by 3.04 times, the issue’s manager said on Thursday. The company is offering up to 2.36 billion ringgit ($546.04 million) worth of shares, out of 346.5 million ringgit was earmarked for retail investors, all priced at 1.65… Continue reading Malaysian mini-market chain 99 Speed Mart’s IPO oversubscribed99 Speed Mart’s IPO is the country’s biggest listing in seven years.

Delivery Hero gears up for IPO of Talabat unit in Dubai in Q4The parent plans to sell existing shares in Talabat while retaining a majority stake.

Delivery Hero is preparing an initial public offering (IPO) of its Emirati subsidiary Talabat on the Dubai stock exchange in the fourth quarter of this year, the German food delivery company said on Thursday. Under the planned listing on the Dubai Financial Market, the parent would sell existing shares in Talabat while retaining a majority stake, it added. Delivery Hero‘s shares opened 7% higher, but pared gains… Continue reading Delivery Hero gears up for IPO of Talabat unit in Dubai in Q4The parent plans to sell existing shares in Talabat while retaining a majority stake.

Eastern Bell, Goldstone invest $140.6m in Chinese aerospace material maker XinwanxingXinwanxing produces aerospace-grade carbon fibre prepregs and com…

Xinwanxing Composite Materials, a Chinese producer of composite materials, has secured nearly 1 billion yuan ($140.6 million) in equity financing from domestic investors Eastern Bell Capital and Goldstone Investment. Xinwanxing, founded in 2009, mainly manufactures products such as aerospace-grade carbon fibre prepregs and composite materials used in aerospace and other industries, including aviation, rail transportation,… Continue reading Eastern Bell, Goldstone invest $140.6m in Chinese aerospace material maker XinwanxingXinwanxing produces aerospace-grade carbon fibre prepregs and com…

SG’s EDB commits $25m in third edition of corporate venture programmeCVL 3.0 will continue to support companies to diversify business opportunities.

The Singapore Economic Development Board (EDB) has committed S$32 million (US$24.6 million) over the next two years to continue driving corporate venturing in the country, according to an announcement. Through the Corporate Venture Launchpad (CVL) programme, EDB’s New Ventures team will work, together with nine appointed partners, with selected companies to innovate in growth areas.… Continue reading SG’s EDB commits $25m in third edition of corporate venture programmeCVL 3.0 will continue to support companies to diversify business opportunities.

Hillhouse to buy Dulwich schools in Asia for around $600m: reportChinese PE firm CPE will sell its shares in Dulwich as part of the deal, sources told…

Hillhouse Investment has struck a deal to acquire Dulwich College International schools in Asia from their owners in a deal that could fetch around $600 million, two sources with knowledge of the matter said. The investment firm founded by China-born dealmaker Zhang Lei has emerged as the final bidder for the schools and reached an… Continue reading Hillhouse to buy Dulwich schools in Asia for around $600m: reportChinese PE firm CPE will sell its shares in Dulwich as part of the deal, sources told…