Canada’s Brookfield is nearing a deal to acquire a 53% stake in French renewable power producer Neoen, valuing it at around 6.1 billion euros ($6.59 billion), Bloomberg News reported on Thursday, citing people familiar with the matter. The Canadian asset manager is buying the 42% stake owned by French billionaire Jacques Veyrat’s Impala SAS holding… Continue reading Brookfield nears deal to buy majority stake in green energy firm NeoenThe Canadian asset manager is buying the 42% stake owned by French billionaire J…
Author: Deal Street Asia Online News
China’s Lenovo issues $2b convertible bonds to Saudi PIF as part of strategic deal
China’s Lenovo Group, the world’s largest personal computer (PC) maker, said on Wednesday that it will issue a $2-billion zero-coupon convertible bond to Saudi Arabia’s sovereign wealth fund, as part of the strategic collaboration to expand in the Middle East and Africa region (MEA). The convertible bond will be issued to Alat, the wholly-owned subsidiary… Continue reading China’s Lenovo issues $2b convertible bonds to Saudi PIF as part of strategic deal
India: Consumer-focused RPSG Capital Ventures closes second fund at $66m
Early-stage consumer venture capital firm RPSG Capital Ventures on Thursday announced that it has closed its second fund at about $66 million (Rs 550 crore). The oversubscribed fund exercised the greenshoe option to accommodate the higher investor interest which stood at over 150% of the target fund size. Investors in Fund II are largely domestic… Continue reading India: Consumer-focused RPSG Capital Ventures closes second fund at $66m
Singapore aims to ramp up data centre capacity by more than a third
Singapore is planning to expand its data centre capacity by more than one-third, with the city-state exploring greener facilities to achieve sustainable growth for the energy-intensive industry, according to a state minister in charge of a new roadmap. Go to Source
Citic Group picks up 60% stake in China Huarong Financial Leasing for $1.65b
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SE Asia’s private equity faces toughest exit conditions in 6 years: Bain reportExit value dropped 60% to $2.8 billion in SE Asia in 2023 while deal co…
Private equity players with Southeast Asian portfolio companies have grappled with the worst year to make money and hand back cash to their limited partners (LPs) as exit leeways narrowed in the high-rate market conditions in 2023. The region last year recorded the most depressed exit environment since 2017 with deal value diving as much… Continue reading SE Asia’s private equity faces toughest exit conditions in 6 years: Bain reportExit value dropped 60% to $2.8 billion in SE Asia in 2023 while deal co…
Google to invest $2b in its first data centre, cloud services in Malaysia
Google will invest $2 billion in Malaysia to develop its first data centre and Google Cloud region in the country, the unit of Alphabet said on Thursday, the latest in a wave of expansion by global tech firms into Southeast Asia. The government said the investment would advance Malaysia’s digital ambitions, and the artificial intelligence… Continue reading Google to invest $2b in its first data centre, cloud services in Malaysia
India’s Sedemac Mechatronics secures $100m investment; Nexus Venture exits
Deep tech enterprise startup Sedemac Mechatronics has raised $100 million in a fresh funding round led by Xponentia Capital Partners, A91 Partners and 360 ONE Asset. The deal marks a full exit for the company’s first institutional investor Nexus Venture Partners, which has backed prominent unicorns in India. Sedemac’s other backers TR Capital and Montane… Continue reading India’s Sedemac Mechatronics secures $100m investment; Nexus Venture exits
Data Vantage: Believe, Bobobox, Pasarnow, Cobo and AWAK in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. 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… Continue reading Data Vantage: Believe, Bobobox, Pasarnow, Cobo and AWAK in focus
SG infra investor Seraya Partners to launch second fund amid rapid deploymentThe firm closed its first fund at $800m last year, surpassing the origina…
Ivan Chern, Managing Partner, Seraya Partners Seraya Partners, a Singapore-based private equity fund specialising in next-generation infrastructure, is planning to raise its second fund in the first half of next year following the rapid deployment of its debut fund. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage… Continue reading SG infra investor Seraya Partners to launch second fund amid rapid deploymentThe firm closed its first fund at $800m last year, surpassing the origina…