Author: Deal Street Asia Online News

Google-backed Pixxel, Baring PE-backed SatSure apply to build Indian satellite constellationThe space regulator has received nine applications, repres…

Thirty Indian companies have answered the space regulator’s call to build and operate constellations of Earth observation (EO) satellites in a groundbreaking private-public partnership to reduce the country’s reliance on foreign data for defense, infrastructure management and other critical mapping needs. “We have received nine applications … Each applicant represents a consortium, involving a total of 30… Continue reading Google-backed Pixxel, Baring PE-backed SatSure apply to build Indian satellite constellationThe space regulator has received nine applications, repres…

Indian EV maker Greaves Electric Mobility files for $117.5m IPOGreaves Electric is known for its ‘Ampere’ brand of e-scooters.

Indian electric vehicle maker Greaves Electric Mobility plans to raise 10 billion rupees ($117.5 million) through an initial public offering, according to the draft papers it filed on Monday. Greaves Electric is known for its ‘Ampere’ brand of e-scooters and also manufactures three-wheelers under a different brand. The company’s top shareholder — publicly listed Greaves… Continue reading Indian EV maker Greaves Electric Mobility files for $117.5m IPOGreaves Electric is known for its ‘Ampere’ brand of e-scooters.

Top PE deals that defined the Indian investment landscape in 2024Healthcare attracted the most PE funds, while e-commerce sealed the most deals.

End the Year with a Deal You Can’t Miss! Subscribe now and save 40% on our premium subscription. Enjoy unlimited access for a full year at just $199 (usual price $339). 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… Continue reading Top PE deals that defined the Indian investment landscape in 2024Healthcare attracted the most PE funds, while e-commerce sealed the most deals.

Korea’s SK Inc to sell $1.86b stake in gas unit to PE firm Hahn & CoHahn & Co will acquire 85% of SK Specialty.

SK Inc, the holding company of South Korea’s second-largest conglomerate SK Group, plans to sell a stake worth 2.7 trillion won ($1.86 billion) in specialty gas manufacturing unit SK Specialty to local private equity firm Hahn & Company, it said in a filing on Monday. Hahn & Co will acquire 85% of SK Specialty, while… Continue reading Korea’s SK Inc to sell $1.86b stake in gas unit to PE firm Hahn & CoHahn & Co will acquire 85% of SK Specialty.

Prosus to buy Latin America-focused online travel agency Despegar.com for $1.7bProsus said it would pay $19.50 per Despegar share.

Dutch technology investor Prosus NV said on Monday it would buy Latin America-focused online travel agency Despegar.com Corp for about $1.7 billion in cash, as it looks to expand its services across Latin America. Prosus, majority-owned by South Africa’s Naspers, said it would pay $19.50 per Despegar share, which is a premium of about 33%… Continue reading Prosus to buy Latin America-focused online travel agency Despegar.com for $1.7bProsus said it would pay $19.50 per Despegar share.

India Digest: EPACK Prefab, Univest secure fundingEPACK Prefab bags $20 million in its first funding round from GEF Capital Partners.

EPACK Prefab, a turnkey solution provider for pre-engineered building, and stock market super app Univest have secured funding. EPACK Prefab raises $20m from GEF Capital Partners EPACK Prefab, a turnkey solution provider for pre-engineered buildings, pre-fabricated modular structures and insulation products, on Monday, said it has raised $20 million in its first funding round from… Continue reading India Digest: EPACK Prefab, Univest secure fundingEPACK Prefab bags $20 million in its first funding round from GEF Capital Partners.

Singapore’s TalkMed Group gets privatisation offer for $447m valuationTW Troy is offering TalkMed shareholders S$0.456 per share.

Singapore’s oncology service provider TalkMed Group said on Monday it had received a privatisation offer from TW Troy, valuing the company at S$606.1 million ($447.24 million). TW Troy, indirectly owned by oncology-focused group Tamarind Health, is offering TalkMed shareholders S$0.456 per share, representing a premium of nearly 5% to the stock’s last close on Friday.… Continue reading Singapore’s TalkMed Group gets privatisation offer for $447m valuationTW Troy is offering TalkMed shareholders S$0.456 per share.

Excelsior Capital Vietnam Partners hits first close of second fundExcelsior Vietnam II is seeking to raise $200 million.

End the Year with a Deal You Can’t Miss! Subscribe now and save 40% on our premium subscription. Enjoy unlimited access for a full year at just $199 (usual price $339). 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… Continue reading Excelsior Capital Vietnam Partners hits first close of second fundExcelsior Vietnam II is seeking to raise $200 million.