Singapore’s Aelios, owned by billionaire couple Gordon and Celine Tang, on Thursday launched a mandatory general offer to buy shares in Suntec Real Estate Investment Trust that valued the REIT at S$3.39 billion ($2.53 billion). The investment holding company, which already owns almost a third of the REIT, will buy the shares at S$1.16 each in… Continue reading Singapore’s Aelios offers to buy rest of Suntec REIT shares at $2.5b valuationAelios increased its stake in Suntec REIT to 31.45% triggering the offer…
Author: Deal Street Asia Online News
Few exit options prompt India’s deeptech startups to take road less travelledSME IPOs emerge as a viable solution for both startups and investors in t…
India’s nascent deeptech sector, riding high on advancements in artificial intelligence, robotics, drones, and other cutting-edge technologies, is facing a strange conundrum. While early-stage funding in the space has gained significant traction, late-stage capital remains sparse, creating challenges for both startups seeking to scale and investors eyeing returns. Go to Source
Chinese cosmetics firm Mao Geping to set HK IPO price at top of rangeAt the top of the range, Mao Geping will raise $270 million in the IPO.
Chinese cosmetics firm Mao Geping is set to price its shares at top of the price range to raise $270 million in a Hong Kong initial public offering, according to a source with direct knowledge of the matter. Mao Geping did not immediately respond to a request for comment. The company is selling 70.6 million… Continue reading Chinese cosmetics firm Mao Geping to set HK IPO price at top of rangeAt the top of the range, Mao Geping will raise $270 million in the IPO.
Saudi Venture Capital invests in female-founded PE firm Aliph CapitalAliph Capital has acquired a 25% stake in Sanipex Group.
Government-backed investment firm Saudi Venture Capital (SVC) has announced a significant investment in the latest growth fund of Aliph Capital, the first female-founded private equity firm in the Middle East. The vehicle, Aliph Fund I, is a $250-million PE fund that looks to invest in mid-sized companies in Saudi Arabia and the Gulf Cooperation Council… Continue reading Saudi Venture Capital invests in female-founded PE firm Aliph CapitalAliph Capital has acquired a 25% stake in Sanipex Group.
Hedge fund Dymon Asia opens Dubai office, its first in the Middle EastThe Dubai office is the fund’s ninth globally.
Singapore’s Dymon Asia Capital has opened its first office in the Middle East to capitalise on the time zone and capture more investment talent in that region, the hedge fund manager said. The Dubai office, which the $3 billion multi-strategy hedge fund opened in November, is the fund’s ninth globally, and came after it secured… Continue reading Hedge fund Dymon Asia opens Dubai office, its first in the Middle EastThe Dubai office is the fund’s ninth globally.
Taiwanese travel startup KKday pockets $70m for M&As, AI investmentsA “significant portion” of the proceeds will be used for M&As APAC.
Taiwanese travel e-commerce platform KKday has secured around $70 million in a financial round that saw participation from several new and existing investors, according to a company release on Thursday. Japan government-backed Cool Japan Fund, Taiwan’s National Development Fund, Taiwan-based venture capital firm Darwin Ventures, and Chang Hwa Bank Venture Capital, the wholly-owned subsidiary of… Continue reading Taiwanese travel startup KKday pockets $70m for M&As, AI investmentsA “significant portion” of the proceeds will be used for M&As APAC.
Nuveen makes $257m first close of Australian real estate debt strategyIt secured commitments from Teachers Insurance and Annuity Association of Americ…
Property investment manager Nuveen has raised over A$400 million (about $257 million) in the first close of its first commingled Australian commercial real estate debt strategy, according to an announcement. The first close secured commitments from US financial services firm Teachers Insurance and Annuity Association of America (TIAA) and Singapore state investor Temasek, per the… Continue reading Nuveen makes $257m first close of Australian real estate debt strategyIt secured commitments from Teachers Insurance and Annuity Association of Americ…
Chinese PE-VC investors try to find ‘sweet spot’ as reality hits homeFund managers slow down dealmaking activity amid growing overseas focus.
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Insight Partners sells $2b stake in cloud data firm Veeam at $15b valuationThe transaction was led by TPG with participation from Temasek, Neuberger B…
U.S. private equity firm Insight Partners has sold a $2 billion stake in cloud data company Veeam Software in a secondary sale valuing the firm at $15 billion, it said on Wednesday. Veeam, a former Swiss firm now headquartered in Kirkland, Washington, provides backup for critical information on remote servers. It has tripled its valuation… Continue reading Insight Partners sells $2b stake in cloud data firm Veeam at $15b valuationThe transaction was led by TPG with participation from Temasek, Neuberger B…
India Digest: Solar startup Glow raises $30m; Peak XV backs US-based AI startupGlow has raised funds from Framework and Union Square Ventures.
Solar energy startup Glow has raised $30 million in a fresh round of funding from venture capital firms Framework and Union Square Ventures. Separately, Peak XV Partners, which has most of its investments in India and Southeast Asia has backed the US-based AI startup Enterpret. Solar energy startup Glow raises $30m Solar energy startup Glow… Continue reading India Digest: Solar startup Glow raises $30m; Peak XV backs US-based AI startupGlow has raised funds from Framework and Union Square Ventures.