Shinhan Venture Investment and Global Brain have invested in Japanese startup Essen while A.P. Moller Capital, a member of the A.P. Moller Group, has launched a new company that will pursue renewable projects in Southeast Asia. Shinhan Venture, Global Brain invest in Japan’s Essen Shinhan-GB FutureFlow Fund, a Japan-focused vehicle by South Korea-based Shinhan Venture… Continue reading Asia Digest: Shinhan Venture, Global Brain back Essen; A.P. Moller Capital launches Verdant Energy
Author: Deal Street Asia Online News
Singapore’s Tower Capital Asia gung ho about exits despite gloomy outlook for PE firmsWith about 75% of Fund I deployed, the firm is targeting more ex…
Danny Koh, Founder and CEO, Tower Capital Asia Singapore-based mid-market investor Tower Capital Asia sounded a bullish note on exits at a time when Southeast Asia’s private equity market faces the toughest exit conditions in six years. According to a Bain & Company report released on Wednesday, exit deal value in the region dived as… Continue reading Singapore’s Tower Capital Asia gung ho about exits despite gloomy outlook for PE firmsWith about 75% of Fund I deployed, the firm is targeting more ex…
Southern Capital said to finalise sale of Australian health firm to Crescent Capital
Southeast Asian buyout firm Southern Capital Group has finalised the sale of the Australian subsidiary of Singapore-based health conglomerate Qualitas Medical Health Group to Crescent Capital Partners, according to multiple people familiar with the matter. Go to Source
Foodtech no longer flavour of the season in SE Asia as funding hits new low in 2023The 83% YoY decline in foodtech investments surpassed the 51% fall …
Private funding for food technology (foodtech) startups in Southeast Asia dropped to an at least four-year low of $21.6 million in 2023 as investors lost their appetite for the sector amid a broader slowdown, reveals a new report. The 83% year-on-year decline in foodtech investments surpassed the 51% decline in total funding for the regional… Continue reading Foodtech no longer flavour of the season in SE Asia as funding hits new low in 2023The 83% YoY decline in foodtech investments surpassed the 51% fall …
Terraform Labs, Do Kwon agree to settle SEC civil fraud caseThe SEC had accused the company and Kwon of misleading investors in 2021 about the stabili…
Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the U.S. Securities and Exchange Commission which sued them for allegedly misleading cryptocurrency investors before the 2022 collapse of the stablecoin TerraUSD. The deal but not its terms was disclosed on a court website on Thursday. A jury found Kwon and… Continue reading Terraform Labs, Do Kwon agree to settle SEC civil fraud caseThe SEC had accused the company and Kwon of misleading investors in 2021 about the stabili…
Australia’s ANZ exits Malaysian lender AMMB with $149m stake sale
ANZ Group, Australia’s fourth-largest bank, has fully exited its investment in Malaysian lender AMMB Holdings by selling its entire 5.2% stake for up to $149 million, according to a term sheet seen by Reuters. The stake exit comes three years after ANZ announced it would write down the value of its investment in AMMB after… Continue reading Australia’s ANZ exits Malaysian lender AMMB with $149m stake sale
ICICI Venture weaves $18m into Indian ethnicwear brand LibasDealStreetAsia reported in October that ICICI Venture was in talks with Libas for an inves…
Indian ethnicwear brand Libas has closed its first external funding round with an investment of Rs 150 crore ($18 million) by IAF Series 5, a fund managed by ICICI Venture. With the raised capital, Libas aims to strengthen its omni-channel presence and ramp up its exclusive brand and retail outlets across key metros and tier… Continue reading ICICI Venture weaves $18m into Indian ethnicwear brand LibasDealStreetAsia reported in October that ICICI Venture was in talks with Libas for an inves…
China weighs record fine for PwC over Evergrande auditing
China is weighing a record fine for PricewaterhouseCoopers LLP (PwC) and suspending some of the auditor’s local operations over its role in auditing troubled property developer China Evergrande Group, Bloomberg News reported on Thursday. The fine could be at least 1 billion yuan ($138 million), while PwC is facing a halt of operation at some of its mainland offices. China‘s Ministry of Finance may announce the penalties as soon as this week, the report… Continue reading China weighs record fine for PwC over Evergrande auditing
Private market investors trash concerns over ‘uninvestible’ China
Private market investors have challenged widespread concerns that China may have become “uninvestible,” stressing the importance of taking the right approach in the face of shifting market dynamics in the country. At a recent industry event in Hong Kong, China-focused investors strongly advocated the opportunities in the country despite its slow economic recovery and weak… Continue reading Private market investors trash concerns over ‘uninvestible’ China
Digital market infra operator Marketnode raises Series A from HSBC, Temasek
Marketnode, a Singapore-headquartered financial market infrastructure provider, has held the first close for a Series A round led by HSBC, according to a statement on Thursday. Existing investor Temasek Holdings reupped in the round. Marketnode did not disclose the amount raised in the round. However, regulatory filings accessed by DealStreetAsia – DATA VANTAGE showed that… Continue reading Digital market infra operator Marketnode raises Series A from HSBC, Temasek