Author: Deal Street Asia Online News

Asia Digest: Mighty Jaxx said to have raised funds; Bangladesh’s Shomvob raises $1mSunova Capital and East Ventures backed Mighty Jaxx.

Singapore’s Mighty Jaxx has reportedly raised $11 million in a Series A+ round to expand its collectible design business in the US and Europe, while Shomvob has secured $1 million in pre-seed funding to enhance HR tech in Bangladesh. Mighty Jaxx raises additional $11m in Series A+ round Mighty Jaxx, a Singapore-based design studio specialising… Continue reading Asia Digest: Mighty Jaxx said to have raised funds; Bangladesh’s Shomvob raises $1mSunova Capital and East Ventures backed Mighty Jaxx.

KKR inks $133m private credit loan deal for accounting software firm MYOB

Global private equity giant KKR has inked a deal with private credit lenders for a loan of approximately A$200 million ($133 million) for Australian accounting software firm MYOB Ltd, Bloomberg reported. KKR acquired the accounting firm back in 2019. The deal with private credit lenders will have a payment-in-kind (PIK) feature, which allows interest to… Continue reading KKR inks $133m private credit loan deal for accounting software firm MYOB

Hargreaves Lansdown rejects $5.94b takeover bid led by CVC Advisers, ADIA

Hargreaves Lansdown has rejected a 4.67 billion pound ($5.94 billion) takeover proposal from a consortium led by CVC Advisers and the Abu Dhabi Investment Authority (ADIA), after the board of the investment platform said it “substantially” undervalued its prospects. In a statement, Hargreaves Lansdown said its board had unanimously rejected the offer, the latest in a series of… Continue reading Hargreaves Lansdown rejects $5.94b takeover bid led by CVC Advisers, ADIA

Global infra investor I Squared to invest $5b in Asia over next three years

Global infrastructure investor I Squared Capital is looking to invest $5 billion in the Asia Pacific from 2025 to 2027 as it seeks to tap into fast-growing sectors, including renewable energy, in the region, its senior partner said. I Squared, which manages over $38 billion of assets globally, will deploy the money from its $15… Continue reading Global infra investor I Squared to invest $5b in Asia over next three years

SG warehouse automation startup XSQUARE raises Series A funding led by WavemakerThe $7.8m funding round was also backed by SEEDS Capital and Goldbell …

Singapore-based warehouse automation solutions provider XSQUARE has announced raising S$10.5 million (about $7.8 million) in its Series A funding round anchored by early-stage venture investor Wavemaker Partners. The funding round was also backed by Enterprise Singapore’s investment arm SEEDS Capital and commercial and industrial vehicles distributor Goldbell Corporation. XSQUARE said it will use the fresh… Continue reading SG warehouse automation startup XSQUARE raises Series A funding led by WavemakerThe $7.8m funding round was also backed by SEEDS Capital and Goldbell …

OYO shelves IPO plans again, in talks to raise funds at 75% valuation cutOYO is said to be in talks with InCred to raise $80-90m at a valuation of $3-…

Indian budget hotel chain OYO has withdrawn its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI) for the second time and is reportedly in talks to raise to $90 million, down 75% from its peak valuation. The SoftBank-backed company had initially filed to go public in October 2021 for about… Continue reading OYO shelves IPO plans again, in talks to raise funds at 75% valuation cutOYO is said to be in talks with InCred to raise $80-90m at a valuation of $3-…