Japanese eyecare products maker TopCon is exploring going private and other measures to raise corporate value, it said in a statement, following reports that private equity firms were placing bids to buy the company. Private equity firms including KKR & Co are bidding to acquire the company, two sources with knowledge of the matter said.… Continue reading KKR, EQT said to have bid for Japanese eyecare products maker TopConTopCon shares rose as much as 23% on Wednesday.
Author: Deal Street Asia Online News
India: Robotics startup Haber raises $44m led by Creaegis, BEENEXT, AccelThe funding comprises $38 million equity and $6 million debt.
Artificial intelligence-driven robotics startup Haber has raised $44 million in its Series C funding round led by Creaegis, BEENEXT, and Accel, per a company announcement. The funding round, comprising $38 million in equity and a $6-million debt component, will be used to fuel the company’s expansion internationally, with a key focus on the Americas. “Haber… Continue reading India: Robotics startup Haber raises $44m led by Creaegis, BEENEXT, AccelThe funding comprises $38 million equity and $6 million debt.
MobiKwik’s $67m India IPO fully sold in first hour on retail rushMobiKwik sold shares to Norges, HDFC MF, and Quant MF, among others.
Indian financial technology firm MobiKwik’s 5.72 billion-rupee ($67.4 million) IPO was fully subscribed within the first hour on Wednesday as investors bet on the company’s growth in a booming domestic online payments market. Overall subscription was 3.4 times the 11.9 million shares that MobiKwik put on offer as of 1 p.m. IST, with retail investors… Continue reading MobiKwik’s $67m India IPO fully sold in first hour on retail rushMobiKwik sold shares to Norges, HDFC MF, and Quant MF, among others.
Deals Digest: Rigel Capital backs workplace design firm; EAAIF bets on Pak aviation fuelThe debt investment marks EAAIF’s first investment in the regi…
Rigel Capital has led the Series A extension funding for Saltmine, while EAAIF has invested $20 million in a sustainable aviation fuel facility in Pakistan. Rigel Capital leads Saltmine’s Series A+ round Singapore-based venture capital firm Rigel Capital has anchored the Series A extension round for Saltmine, an enterprises platform for workplaces, according to an… Continue reading Deals Digest: Rigel Capital backs workplace design firm; EAAIF bets on Pak aviation fuelThe debt investment marks EAAIF’s first investment in the regi…
SAIC Motor’s auto logistics unit pockets over $275m from two new investorsShanghai International Port (Group) and COSCO Shipping Holdings will snap up…
SAIC Anji Logistics, the wholly-owned automotive logistics arm under state-owned automaker SAIC Motor, has roped in two new state-affiliated investors, snapping up 2 billion yuan ($275.7 million) in investment. Shanghai International Port (Group), which operates all the public terminals in the Shanghai port, together with container shipping firm COSCO Shipping Holdings will get a 10%… Continue reading SAIC Motor’s auto logistics unit pockets over $275m from two new investorsShanghai International Port (Group) and COSCO Shipping Holdings will snap up…
Orsted sells 50% stake in Greater Changhua 4 wind farm for $1.64bnIt will continue to own the remaining 50% ownership stake in the wind farm.
Denmark’s Orsted said on Wednesday it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan’s Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion). The Greater Changhua 4 site is part of Orsted’s 920 megawatt (MW) offshore wind farms Greater Changhua 2b and 4, which… Continue reading Orsted sells 50% stake in Greater Changhua 4 wind farm for $1.64bnIt will continue to own the remaining 50% ownership stake in the wind farm.
Google, TPG Rise Climate back clean energy developer Intersect Power in $800m roundGoogle needs to meet the AI-driven surge in cloud demand.
Alphabet’s Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part of more than $800 million funding round, the company said on Tuesday. Google’s capital investment in Intersect Power comes as the tech giant, like other “hyperscalers” including Microsoft and Meta, races to bolster its domestic data… Continue reading Google, TPG Rise Climate back clean energy developer Intersect Power in $800m roundGoogle needs to meet the AI-driven surge in cloud demand.
China’s GCL Perovskite raises $69m Series C1 round led by Goldstone InvestmentThe round saw the participation of Kunshan Hi-Tech Group, HongShan, and …
GCL Perovskite, the perovskite solar cells production unit under privately-owned Chinese power firm GCL Holdings, has secured 500 million yuan ($69 million) in a Series C1 round led by Goldstone Investment, the private fund management subsidiary of CITIC Securities. The round saw the participation of state-owned Kunshan Hi-Tech Group as well as local venture capital… Continue reading China’s GCL Perovskite raises $69m Series C1 round led by Goldstone InvestmentThe round saw the participation of Kunshan Hi-Tech Group, HongShan, and …
China Digest: Kaida, Raintree Scientific Instruments, Vanteque raise fundsConsumer-focused investment firm BA Capital led the funding round in Kaida.
BA Capital has led Chinese snack producer Kaida’s maiden funding round, while Goldstone Investment has backed Raintree Scientific Instruments and Vanteque. Snack producer Kaida raises first external funding Chinese snack producer Kaida Hengye (KDHY), whose key products include vacuum-fried potato, fruit, and vegetable chips, has raised almost 400 million yuan ($55.2 million) in its first-ever… Continue reading China Digest: Kaida, Raintree Scientific Instruments, Vanteque raise fundsConsumer-focused investment firm BA Capital led the funding round in Kaida.
Chinese cosmetics firm Mao Geping’s shares rise nearly 75% in Hong Kong debutThe cosmetics firm had raised $270m in its IPO.
Mao Geping shares rose almost 75% on Tuesday after the Chinese beauty company raised $270 million in a Hong Kong initial public offering. The shares opened at HK$47.65 each and reached nearly HK$51.9 each. Hong Kong’s Hang Seng Index was up 1.4% in early trading. Mao Geping sold 70.6 million shares at HK$29.80 each, which… Continue reading Chinese cosmetics firm Mao Geping’s shares rise nearly 75% in Hong Kong debutThe cosmetics firm had raised $270m in its IPO.