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…
Author: Deal Street Asia Online News
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
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…
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…
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
Go to Source
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…