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.
Author: Deal Street Asia Online News
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 …
Former Peak XV exec’s fund taps VC secondaries in India, SE AsiaAround 60-70% of Kenro’s first fund will be directed to India.
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BlackRock said to be in talks to buy private credit manager HPSThe final deal value would be closer to $12 billion.
BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday. The final deal value would be closer to $12 billion, which offers a significant premium over HPS’s post-IPO valuation of $10 billion, the report said, citing two sources familiar with the matter. The two sides have… Continue reading BlackRock said to be in talks to buy private credit manager HPSThe final deal value would be closer to $12 billion.
KKR partners with Weave Living to invest in multi-family assets in JapanThe partnership venture will initially target Tokyo with potential expansion t…
Private equity giant KKR and Asia’s living sector specialist Weave Living have announced a strategic partnership in Japan to develop over 3,000 multi-family residential units. The initiative – Weave Living Japan Residential Venture I – will focus on both newly built and existing assets, initially targeting Tokyo with potential expansion to Osaka, per the announcement.… Continue reading KKR partners with Weave Living to invest in multi-family assets in JapanThe partnership venture will initially target Tokyo with potential expansion t…
Pony AI raises $260m as US investor appetite for Chinese IPOs improvesThe robotaxi startup was valued at around $4.55b in the initial share sale.
China’s Pony AI said on Wednesday it had raised $260 million in its US initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in US markets. The company’s performance could indicate how investors approach China-based firms under the current US administration as both nations compete… Continue reading Pony AI raises $260m as US investor appetite for Chinese IPOs improvesThe robotaxi startup was valued at around $4.55b in the initial share sale.
Partior closes $80m Series B following Deutsche Bank investmentSingapore-headquartered blockchain payments network Partior has closed its Series B fun…
Singapore-headquartered blockchain payments network Partior has closed its Series B funding round at $80 million after roping in Deutsche Bank as an investor, according to an announcement on Wednesday. With Deutsche Bank’s investment, Partior will further bolster its global reach and scale its cross-border capability, as well as develop and enhance innovative functions like Intraday… Continue reading Partior closes $80m Series B following Deutsche Bank investmentSingapore-headquartered blockchain payments network Partior has closed its Series B fun…
India’s NTPC Green Energy rises on trading debut after $1.2b mega IPO NTPC Green’s IPO was oversubscribed by two times.
Shares of India’s NTPC Green Energy, the renewable energy arm of power producer NTPC surged 11.9% in trading debut on Wednesday as investors bet on the country’s growing clean energy needs. The stock last traded at 120.81 rupees as of 10:14 a.m. IST, compared to its offer price of 108 rupees, giving it a valuation of 1.02 trillion rupees… Continue reading India’s NTPC Green Energy rises on trading debut after $1.2b mega IPO NTPC Green’s IPO was oversubscribed by two times.
Chinese courier firm S.F. Holding’s shares open flat in Hong Kong trading debutThe company sold 170 million shares priced at HK$34.30 a piece.
China’s largest express delivery company S.F. Holding said on Tuesday it plans to raise up to HK$6.17 billion ($792.71 million) in a Hong Kong listing, the latest sign of a revival in the city’s capital markets. The Shenzhen-listed company will issue 170 million shares in a price range of HK$32.30 to HK$36.30 per share, according… Continue reading Chinese courier firm S.F. Holding’s shares open flat in Hong Kong trading debutThe company sold 170 million shares priced at HK$34.30 a piece.