Author: Deal Street Asia Online News

ID Digest: GoTo seeks nod for share buyback, leadership changes; Reazon backs Jendela

Indonesian real estate startup Jendela has raised fresh funding while tech giant GoTo Group is seeking board approval for share buyback and leadership changes. Jendela raises investments from Reazon Reazon Holdings has invested in Jendela (Vidi Vici Digital Pte. Ltd), a real estate brokerage platform, based in Indonesia, per its announcement. The funding marks Reazon’s… Continue reading ID Digest: GoTo seeks nod for share buyback, leadership changes; Reazon backs Jendela

Saudi Arabia’s pension fund Hassana commits $1.5b to TPG Rise Climate’s funds

Saudi Arabia’s Hassana Investment Company will make a “substantial anchor commitment” to TPG Rise Climate’s new Transition Infrastructure fund under a recently announced $1.5-billion strategic partnership. A part of the commitment will go to the TPG Rise Climate II fund, Bloomberg reported. TPG Rise Climate is part of alternative asset manager TPG’s $19-billion impact platform… Continue reading Saudi Arabia’s pension fund Hassana commits $1.5b to TPG Rise Climate’s funds

KFC Holdings Japan receives tender offer from Carlyle-backed fund

Fast food operator KFC Holdings Japan said on Monday that a Carlyle Group-backed fund launched a tender offer for its shares. Crispy Holdings will offer 6,500 yen per share, a 20% premium to KFC Holding’s closing price on Monday. The tender period will last from May 22 to July 9. Mitsubishi Corp., the biggest shareholder… Continue reading KFC Holdings Japan receives tender offer from Carlyle-backed fund

Global VC investments in crypto firms picks up in Q1 after seven straight quarters of declineGlobal VC investments in crypto companies rose to $2.4b i…

Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning. Crypto venture capital flows peaked at $11.1 billion in the first quarter of 2022, before seven consecutive quarters of declining volumes, with just $1.7… Continue reading Global VC investments in crypto firms picks up in Q1 after seven straight quarters of declineGlobal VC investments in crypto companies rose to $2.4b i…

PAG raises $550m for its first renewable energy fund from Mubadala, others

Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses on investments in physical assets in Asia and includes solar power in Japan as its primary target. PAG, which manages more than $55 billion of capital ranging from private equity to credit, said in a… Continue reading PAG raises $550m for its first renewable energy fund from Mubadala, others

PE group Quinbrook proposes $2.4b ‘green iron’ facility in Australia’s Queensland

Private equity group Quinbrook Infrastructure Partners said on Monday it would start work on a new iron ore mine and “green iron” processing facility in the state of Queensland which could cost as much as A$3.5 billion ($2.4 billion). The proposal, announced at a ceremony attended by Treasurer Jim Chalmers, will mine magnetite iron in… Continue reading PE group Quinbrook proposes $2.4b ‘green iron’ facility in Australia’s Queensland

Elon Musk to consider offer to build EV battery plant in Indonesia, says minister

Indonesia’s coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday. Musk was not immediately available for comment after minister Luhut Pandjaitan made his remarks to reporters. Musk and Widodo met… Continue reading Elon Musk to consider offer to build EV battery plant in Indonesia, says minister