Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go… Continue reading Indian market regulator greenlights Hyundai Motor India IPOThe automaker plans to raise $3 billion at a roughly $20 billion valuation.
Author: Deal Street Asia Online News
Warburg Pincus exits India’s CarTrade Tech in $45m share saleThe transaction was done through a bulk deal worth $44.86 million.
U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data. As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it… Continue reading Warburg Pincus exits India’s CarTrade Tech in $45m share saleThe transaction was done through a bulk deal worth $44.86 million.
Macquarie to take minority stake in D.E. Shaw’s green energy arm for up to $1.73bThe investment shows strong demand from corporations and governments …
Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday. The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable… Continue reading Macquarie to take minority stake in D.E. Shaw’s green energy arm for up to $1.73bThe investment shows strong demand from corporations and governments …
Indian VCs adapt to market realities amid tightening investment landscapeInvestors shift focus from aggressive growth strategies to profitability and …
Indian venture capitalists are refreshing their investment strategies, shifting from aggressive growth strategies to a sustainable focus on profitability and strong governance, prioritising long-term value creation and transparency in response to market corrections and tighter funding environments, top industry executives said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week. Go to Source
Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: reportBain was targeting a market value of $10.4b for Kioxia but the recent sell-o…
Bain-backed memory chipmaker Kioxia has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said. Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for Kioxia but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said. Shares… Continue reading Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: reportBain was targeting a market value of $10.4b for Kioxia but the recent sell-o…
India: Peak XV Partners, Elevation co-lead $20m funding in visa platform AtlysAtlys has expanded its footprint in key global markets, including the US…
Visa processing platform Atlys on Tuesday said that it has raised $20 million in its Series B funding round, co-led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The financing also saw participation from all existing investors, alongside new investors such as DST Global and Headline, the startup said in a statement.… Continue reading India: Peak XV Partners, Elevation co-lead $20m funding in visa platform AtlysAtlys has expanded its footprint in key global markets, including the US…
Gobi Partners backs $3.2m funding for Pakistani BNPL Qist BazaarThe Series A round was anchored by Indus Valley Capital.
Asia-focused venture capital firm Gobi Partners has backed the $3.2 million Series A funding for Pakistani buy-now-pay-later (BNPL) fintech startup Qist Bazaar, according to an announcement. The round, anchored by Pakistan’s Indus Valley Capital, marked the first time that an international venture capital firm has partnered with a Pakistani commercial bank, Bank Alfalah, to take… Continue reading Gobi Partners backs $3.2m funding for Pakistani BNPL Qist BazaarThe Series A round was anchored by Indus Valley Capital.
Thailand’s 10 Bridge Capital secures $195m first close of latest PE fundThe firm is planning to raise $250m for 10 Bridge Fund IV.
Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying the challenging fundraising climate for Southeast Asian fund managers. The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in… Continue reading Thailand’s 10 Bridge Capital secures $195m first close of latest PE fundThe firm is planning to raise $250m for 10 Bridge Fund IV.
Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicleFubon said the holdings it disposed of were valued at …
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General Atlantic plans Abu Dhabi office by year-endIt has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.
General Atlantic plans to open an Abu Dhabi office by the end of the year and move a dealmaker from London as an inaugural member of the new team, two sources familiar with the matter said. The New York-based private equity firm, which manages funds totalling $83 billion, has received preliminary approval for a license… Continue reading General Atlantic plans Abu Dhabi office by year-endIt has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.