Author: Deal Street Asia Online News

India’s private markets poised for a big rebound in 2025: 3one4 CapitalExpect more activity in mid- and growth-stage rounds in India, says Pranav Pai.

The entrepreneurial ecosystem in India is at an interesting threshold. After witnessing mass layoffs, inflated valuations, and widening losses since the beginning of 2022, it is finally on the mend. “As we near the end of CY24, we are seeing a renewed surge of confidence and growth in our founder teams,” Pranav Pai, founding partner at early-stage investment… Continue reading India’s private markets poised for a big rebound in 2025: 3one4 CapitalExpect more activity in mid- and growth-stage rounds in India, says Pranav Pai.

China’s Mao Geping Cosmetics looking to raise up to $270m in Hong Kong IPOSix cornerstone investors have subscribed for $100m worth of shares led by C…

Chinese beauty brand Mao Geping Cosmetics, led by one of the country’s most famous make-up artists, is aiming to raise up to $270 million in a Hong Kong initial public offering, according to its regulatory filings made on Monday. The company is selling 70.6 million shares in the deal in a price range of HK$26.30 to HK$29.80 per share, according to its filings. The deal will raise between $239 million and $270 million in that… Continue reading China’s Mao Geping Cosmetics looking to raise up to $270m in Hong Kong IPOSix cornerstone investors have subscribed for $100m worth of shares led by C…

HK’s New World Development shares surge on new CEO appointmentThe company has appointed Echo Huang as CEO to replace Eric Ma.

Shares of New World Development rose more than 6% on Monday after the Hong Kong property developer appointed a new chief executive just two months after it replaced Adrian Cheng, the 45-year-old scion of its founding Cheng family. The stock climbed as high as HK$6.86 in morning trade, recovering from negative territory earlier in the session. New World‘s shares resumed trading on Monday after a halt on Friday afternoon following a 6% fall.… Continue reading HK’s New World Development shares surge on new CEO appointmentThe company has appointed Echo Huang as CEO to replace Eric Ma.

Delivery Hero’s Talabat set to raise $2b from Dubai IPODubai-based Talabat said the offer was oversubscribed by a double-digit factor.

Talabat Holding, one of the biggest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the UAE this year after its parent Delivery Hero on Friday priced the offering at the top end of the indicated range. Talabat said the IPO was priced at 1.60 dirhams… Continue reading Delivery Hero’s Talabat set to raise $2b from Dubai IPODubai-based Talabat said the offer was oversubscribed by a double-digit factor.

Logistics provider GLP said to be weighing Hong Kong listing next yearThe plan comes eight years after the Singapore-incorporated firm was taken priva…

Logistics company GLP is considering a Hong Kong listing that could happen as early as next year, eight years after the Singapore-incorporated firm was taken private by an investor group, three sources with direct knowledge of the matter said. GLP has held early stage discussions with a small number of financial advisers about the relisting… Continue reading Logistics provider GLP said to be weighing Hong Kong listing next yearThe plan comes eight years after the Singapore-incorporated firm was taken priva…

How private equity navigated exit slowdown in SE Asia this yearFour M&A strategies that paved the way for exits in the region in 2024. 

Private equity is under growing pressure from its family office and sovereign wealth investors to return capital at a time when traditional exit options in the public and M&A markets remain daunting. Funds with holdings in Southeast Asia are feeling a tighter squeeze as their portfolios struggle to shape up for IPOs due to weak… Continue reading How private equity navigated exit slowdown in SE Asia this yearFour M&A strategies that paved the way for exits in the region in 2024. 

Warburg-backed consortium aims to seal ESR buyout soonThe deal will likely value the HK-listed real estate fund manager at over $7 billion.

A consortium including Starwood Capital Group and Warburg Pincus aims to finalise a deal to take ESR Group private in the coming weeks, valuing the Hong Kong-listed real estate fund manager at over $7 billion, said two sources. The potential offer from the consortium, which according to ESR also includes its founders and a unit… Continue reading Warburg-backed consortium aims to seal ESR buyout soonThe deal will likely value the HK-listed real estate fund manager at over $7 billion.

India: Early-stage investor Stellaris Venture Partners closes third fund at $300mIt last raised $225m for its second India-dedicated fund in 2021 and …

Stellaris Venture Partners, an early-stage investment firm and backer of Indian unicorns Mamaearth and Glance, has closed its third fund at $300 million, per a statement. DealStreetAsia first reported about the firm’s fundraising plans in earlier July. Established in 2016, Stellaris is a technology-focused, generalist investment firm that invests in sectors such as SaaS, financial… Continue reading India: Early-stage investor Stellaris Venture Partners closes third fund at $300mIt last raised $225m for its second India-dedicated fund in 2021 and …