China’s Jingdong Industrials, part of e-commerce giant JD.com, has renewed its Hong Kong initial public offering ambitions, lodging an application with the city’s stock exchange to carry out a share offering, according to regulatory filings. JD.com announced in March last year it would spin out its industrial and property businesses into separate businesses but neither… Continue reading JD.com kickstarts process to spin off industrials unit ahead of HK listingJingdong Industrials had planned to raise $1b on HKEX last year.
Author: Deal Street Asia Online News
Singapore’s Azalea closes two funds above target raising a combined $480mACF I and AGF I closed at $268m and $212m, respectively.
Singapore-based Azalea Investment Management has secured the final closes of two funds—Altrium Co-Invest Fund I (ACF I) and Altrium Growth Fund I (AGF I)—raising a combined $480 million. Both the funds surpassed their target of $200 million each. According to an announcement on Oct. 1, ACF I received $268 million and AGF I closed with… Continue reading Singapore’s Azalea closes two funds above target raising a combined $480mACF I and AGF I closed at $268m and $212m, respectively.
SG parenting platform Welovesupermom bags $14m led by Granite AsiaThe startup last received at least $6 million in Series A funding in March 2023.
Go to Source
Partners Group-backed KinderCare seeks up to $3.1b valuation in long-sought US IPOKinderCare is aiming to raise up to $648m by offering 24m shares at …
KinderCare Learning Companies, a provider of early childhood education, set a target of up to $3.09 billion valuation on Monday for its long–sought U.S. initial public offering. The 55-year-old company, backed by Swiss private equity firm Partners Group, is moving towards a listing after previously pursuing it in 2021. KinderCare is aiming to raise up to $648 million by offering 24 million shares at a price range of $23 and $27 each.… Continue reading Partners Group-backed KinderCare seeks up to $3.1b valuation in long-sought US IPOKinderCare is aiming to raise up to $648m by offering 24m shares at …
Bain launches tender offer to take private Japanese mobile retailer T-GaiaT-Gaia’s major shareholders are Sumitomo Corp and Hikari Tsushin.
Bain Capital on Monday launched a tender offer for Japanese cell phone retailer T-Gaia at 2,670 yen per share, a 26.5% discount to T-Gaia’s Friday close price. Bain Capital has agreed with T-Gaia’s major shareholders Sumitomo Corp and Hikari Tsushin to take the company private, T-Gaia said in a corporate disclosure. Bain will spend a… Continue reading Bain launches tender offer to take private Japanese mobile retailer T-GaiaT-Gaia’s major shareholders are Sumitomo Corp and Hikari Tsushin.
Chinese sensor maker Asair raises almost $100m in Series D roundThe firm is also backed by Addor Capital and Keywise Capital.
Asair, also known as Guangzhou Aosong Electronic, which engages in the production of micro-electromechanical systems (MEMS) sensors, has recently secured 700 million yuan ($99.8 million) in a Series D funding round. The round roped in two state capital-affiliated lead investors: Chongqing Industry Investment Fund of Funds (FoFs), a 200 billion yuan ($28.5 billion) fund that… Continue reading Chinese sensor maker Asair raises almost $100m in Series D roundThe firm is also backed by Addor Capital and Keywise Capital.
KKR-backed Malaysian telecom infra firm OMS Group to revive IPO planOMS shelved its Malaysian IPO last year as KKR invested $400m.
Malaysian telecom infrastructure and subsea cable services company OMS Group will revisit its plan for an initial public offering in the next few years and is not ruling out a listing on the domestic stock exchange, its top executive said. OMS shelved its Malaysian IPO plan last year as KKR invested $400 million in the company as part… Continue reading KKR-backed Malaysian telecom infra firm OMS Group to revive IPO planOMS shelved its Malaysian IPO last year as KKR invested $400m.
South Korea’s SK Inc picks Hahn & Co as preferred bidder for SK SpecialtyHahn & Co will buy SK Specialty for $3.29b, The Seoul Economic Daily reported…
South Korea’s SK Inc said on Monday that it has picked private equity group Hahn & Company as the preferred bidder to buy its unit SK Specialty which produces gases used to make semiconductors. SK said it plans to sign a deal with Hahn & Company after negotiating contract terms in a regulatory filing addressing a report on the planned… Continue reading South Korea’s SK Inc picks Hahn & Co as preferred bidder for SK SpecialtyHahn & Co will buy SK Specialty for $3.29b, The Seoul Economic Daily reported…
Chinese state-owned enterprise to buy Innovalues for $235m from NorthstarNorthstar took Innovalues private from the SGX in a $238.6m transaction compl…
Go to Source
Apple pulls out of talks to join OpenAI’s investment round: WSJThe funding round is expected to raise about $6.5b.
Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. Other firms, such as Microsoft and… Continue reading Apple pulls out of talks to join OpenAI’s investment round: WSJThe funding round is expected to raise about $6.5b.