ITM, a radiopharmaceutical drug developer headquartered in Germany, has announced raising €188 million (about $208 million) in equity investment led by Singapore state investor Temasek. The investment was also backed by global private equity (PE) major BlackRock, sovereign wealth fund Qatar Investment Authority, single-family office ATHOS, and European PE firm Carbyne Equity Partners, according to… Continue reading Temasek anchors $208m investment in German radiopharma firm ITM
Author: Deal Street Asia Online News
RTP Global in final talks to invest in 3 Indian startups from latest fund
RTP Global, which launched a $1-billion fund last year, is in final talks to invest between $5 million and $7 million each in three Indian startups, solidifying its foothold in the South Asian market that is currently a focal point of global investor interest. Go to Source
China’s Space Pioneer closes $207m round to mass produce heavy-lift rocketsVC-backed players like Space Pioneer, LandSpace Technology, iSpace, and Gal…
Chinese commercial launch company Space Pioneer has secured over 1.5 billion yuan ($207 million) in a Series C+ round of financing to advance its product portfolio including medium and large liquid launch vehicles and rocket engines. Space Pioneer, also known as Beijing Tianbing Technology, has so far completed 15 funding rounds with more than 4… Continue reading China’s Space Pioneer closes $207m round to mass produce heavy-lift rocketsVC-backed players like Space Pioneer, LandSpace Technology, iSpace, and Gal…
Asia Digest: Alef’s Abu Dhabi IPO oversubscribed; Future Fund, QIC buy stake in EastLink toll roadAlef sold a 20% stake.
Edtech firm Alef Education’s initial public offering (IPO) in Abu Dhabi has been oversubscribed 39 times. In a separate development, the Future Fund and the Queensland Investment Corporation (QIC) have completed the acquisition of a minority stake in the EastLink toll road network. Abu Dhabi edtech firm Alef’s IPO oversubscribed Abu Dhabi-based edtech firm Alef… Continue reading Asia Digest: Alef’s Abu Dhabi IPO oversubscribed; Future Fund, QIC buy stake in EastLink toll roadAlef sold a 20% stake.
India’s ICICI Bank faces pushback against delisting brokerage unit
India’s ICICI Bank is facing pushback against delisting its unit ICICI Securities, with some shareholders trying to block the move and the market regulator hauling the bank up over its processes to win shareholder approval. In March, around 72% of ICICI Securities’s minority shareholders voted in favour of selling their shares to ICICI Bank, which… Continue reading India’s ICICI Bank faces pushback against delisting brokerage unit
Chinese food delivery major Meituan’s revenue up 25%, beats estimatesIts profit for the quarter hit 5.2 billion yuan, increasing 59.9% from 3.36 billi…
China’s leading food delivery group Meituan on Thursday reported a bigger-than-expected 25% rise in quarterly revenue, defying a slowing Chinese economy. Meituan, which operates an app providing services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to March 31 of 73.3 billion yuan ($10.11 billion), against 58.62 billion yuan in… Continue reading Chinese food delivery major Meituan’s revenue up 25%, beats estimatesIts profit for the quarter hit 5.2 billion yuan, increasing 59.9% from 3.36 billi…
Porsche Ventures’ debut China-focused VC fund secures first close
Porsche Ventures, the corporate venture capital (CVC) arm of German automobile manufacturer Porsche, has secured the first close of its debut Chinese VC fund. Set up with investment bank China International Capital Corporation (CICC), the CICC Porsche (Shanghai) Venture Capital Investment Partnership, will help amp up Porsche’s ambitions in China, according to an announcement by… Continue reading Porsche Ventures’ debut China-focused VC fund secures first close
Vietnam-based VinaCapital announces sudden death of CIO
Vietnam-based asset manager VinaCapital on Thursday announced the sudden passing of its chief investment officer, Andy Ho. Ho passed away on June 6 at his home in Ho Chi Minh City. He was 52. “Andy has been my trusted business partner since 2007, and he has been instrumental in the growth of the VinaCapital Vietnam… Continue reading Vietnam-based VinaCapital announces sudden death of CIO
SEA Digest: Boost Bank, ANEXT report updates; Amar Bank distances itself from Investree
Malaysian digital lender Boost Bank has officially launched its services, while Ant Group-backed ANEXT Bank has reported a significant increase in its customer base and cross-border transactions. In another development, Indonesia-listed Amar Bank has distanced itself from troubled fintech firm Investree. Boost Bank launches digital bank app Boost Bank, a digital lender owned by Malaysia’s… Continue reading SEA Digest: Boost Bank, ANEXT report updates; Amar Bank distances itself from Investree
GIC, Temasek join global coalition that will invest $25b in Indo-PacificPE firms KKR and GIP will co-chair the initiative.
KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed a coalition to invest $25 billion in infrastructure in the Indo-Pacific region, US Commerce Secretary Gina Raimondo said on Thursday. Raimondo, speaking in Singapore, said investment would include green data centres in Indonesia, renewable energy in the Philippines and smart metres and… Continue reading GIC, Temasek join global coalition that will invest $25b in Indo-PacificPE firms KKR and GIP will co-chair the initiative.