Author: Deal Street Asia Online News

Kedaara-backed concrete equipment maker Ajax Engineering said to plan India IPOThe listing could reportedly value the company at $1.2 billion.

Indian concrete equipment maker Ajax Engineering, which is backed by local private equity (PE) firm Kedaara Capital, is considering an initial public offering (IPO) that could raise $240 million, Bloomberg reported on Monday. The listing could value the company at $1.2 billion, the report added. Bloomberg said Ajax is working with advisers to prepare for… Continue reading Kedaara-backed concrete equipment maker Ajax Engineering said to plan India IPOThe listing could reportedly value the company at $1.2 billion.

Temasek, Fidelity buy Lenskart shares for $200m at $5b valuationLenskart has attracted close to $1 billion in capital over the last 18 months.

Indian eyewear retailer Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company. Avendus, which advised selling shareholders in the deal, announced the development on Monday. The identity of the investors who sold their stake remains undisclosed. According to TechCrunch, the transaction values Lenskart at $5 billion. While existing investor… Continue reading Temasek, Fidelity buy Lenskart shares for $200m at $5b valuationLenskart has attracted close to $1 billion in capital over the last 18 months.

Chinese courier giant S.F. Holding gets regulatory nod for Hong Kong listing

China’s S.F. Holding, the country’s largest express delivery company, said it has received regulatory approval for a second listing in Hong Kong, which it expects to complete in the next year. It is the latest company to receive the go-ahead for a listing outside the mainland from the China Security Regulatory Commission (CSRC) after the… Continue reading Chinese courier giant S.F. Holding gets regulatory nod for Hong Kong listing

Chinese EV brand NIO’s power solutions arm raises $207m strategic financingNio Power plans to further expand its network of EV charging and battery sw…

Nio Power, a subsidiary of the publicly-listed Chinese electric vehicle (EV) maker NIO, has secured 1.5 billion yuan ($207 million) in strategic financing to fuel the growth of its network of charging and battery-swapping facilities. Headquartered in Wuhan, Nio Power raised the new financing from Wuhan Guangchuang Fund, an equity investment vehicle set up by… Continue reading Chinese EV brand NIO’s power solutions arm raises $207m strategic financingNio Power plans to further expand its network of EV charging and battery sw…

ASX-listed Regal Partners to acquire private credit specialist Merricks Capital

ASX-listed alternative investment manager Regal Partners on Monday announced the acquisition of private credit specialist Merricks Capital for a consideration of A$235 million ($156 million). The transaction includes a cash payment of $40 million and the issue of 63,934,426 fully paid ordinary shares at A$3.05 per Regal share. With the transaction, Regal Partners’s total group… Continue reading ASX-listed Regal Partners to acquire private credit specialist Merricks Capital

Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Chinese online music and audio entertainment platform Tencent Music Entertainment (TME) and parent Tencent Holdings have picked up a 10% stake in Thai company GMM Music for about $70 million, according to an announcement on Monday. As part of the deal that values GMM at $700 million, the Chinese companies will pay an undisclosed cash… Continue reading Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Naver-owned online comics platform Webtoon files for US IPO

Online comics platform Webtoon Entertainment swung to a profit in the first quarter while growing its revenue by 5%, it disclosed on Friday in its filing for an initial public offering (IPO) in the United States. The company, owned by South Korean communications technology giant Naver Corp, operates a library of web-novel and comics available… Continue reading Naver-owned online comics platform Webtoon files for US IPO

Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in… Continue reading Australia orders Chinese investors to sell down stake in rare earths miner