Xcelerate, an integrated ESGRC [environmental, social, governance, risk, compliance] operating and investing platform, has amassed a debt funding of up to $52 million from Orion Capital Asia, per a statement. The company, headquartered in Singapore, holds a substantial presence in India, through its anchor acquisition of Aparajitha Corporate Services in the labour, employee, and industrial… Continue reading SG compliance management platform Xcelerate amasses $52m debt funding
Author: Deal Street Asia Online News
Australia’s Liontown Resources secures $250m from LG Energy
Australia’s Liontown Resources said on Tuesday that it had secured $250 million of funding from LG Energy Solution (LGES) along with a 10-year extension to a lithium supply deal from its flagship Kathleen Valley operations. Liontown shares jumped 15.2% as trade resumed after the announcement. South Korea-based electric vehicle battery maker LGES offered $250 million… Continue reading Australia’s Liontown Resources secures $250m from LG Energy
Chinese vaccine developer Maxvax closes Series C round with IDG-led $41m trancheMaxvax has raised almost $275m in total financing since its inception …
Maxvax Biotechnology, a Chinese developer of innovative vaccines and immunotherapies targeting infectious diseases and cancer, has closed an IDG Capital-led extension round, bringing its total Series C financing to over 600 million yuan ($82.5 million). The firm closed more than 300 million yuan ($41.3 million) in its latest Series C+ round, roping in Hangkang Capital,… Continue reading Chinese vaccine developer Maxvax closes Series C round with IDG-led $41m trancheMaxvax has raised almost $275m in total financing since its inception …
Greater China Digest: MoonBiotech, URTOPIA snap funds; Blue Pool Capital said to have raised $500m
HongShan-backed MoonBiotech has completed a Series C+ round, while DCM Ventures has re-upped in e-bike manufacturer URTOPIA’s Series A round. Separately, Blue Pool Capital reportedly raised $500 million to invest in hedge and private credit funds. MoonBiotech raises $41m Series C+ round MoonBiotech, which engages in the development of microbial products, has secured 300 million… Continue reading Greater China Digest: MoonBiotech, URTOPIA snap funds; Blue Pool Capital said to have raised $500m
Indian regulator writes to Hindenburg about Adani short bet
U.S-based short-seller Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade. Hindenburg also said Kotak Bank, an Indian firm, created and oversaw an offshore fund structure that was used by… Continue reading Indian regulator writes to Hindenburg about Adani short bet
People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs
Temasek-backed medical device company Advanced MedTech Holdings has appointed a new CEO, while Ninja Van has announced another round of layoffs in Singapore. Advanced MedTech names Wong Yau Chung as Group CEO Temasek-backed medical device company Advanced MedTech Holdings has appointed Wong Yau Chung as group CEO-designate from July 1, 2024. He will take over… Continue reading People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs
India-focused GEF secures $380m so far for latest Asia climate fundGEF is looking at raising $300-400m for the vehicle.
Go to Source
Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of the matter said on Tuesday. The deal is expected to be signed soon, said the person, who declined to be identified as… Continue reading Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei
Data Vantage: BIOBOT Surgical, Sirion, ESQA, Tyme and GDMC in focus
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 from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe now Go to Source
Indian retailer FirstCry gets regulatory nod for IPOIt first filed IPO papers with SEBI last December.
India’s market regulator, on Monday, approved baby products retailer FirstCry’s filing for an initial public offering at the second time of asking, after having raised doubts over certain aspects in the first submission. FirstCry, backed by Softbank, TPG and Mahindra and Mahindra, sells baby products such as clothes, diapers and toys, and is seeking to… Continue reading Indian retailer FirstCry gets regulatory nod for IPOIt first filed IPO papers with SEBI last December.