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Author: Deal Street Asia Online News
Keppel to spin off data centre JV to Keppel DC REIT for $1bThe JV owns the Keppel Data Centre Campus in Singapore.
Singapore’s Keppel will spin off its data centre joint venture (JV) to unit Keppel DC REIT for a total gross divestment price of S$1.38 billion ($1.03 billion), the two companies said on Tuesday. The JV between Keppel’s Connectivity Division and Cuscaden Peak Investments owns the Keppel Data Centre Campus in Singapore, comprising two operational centres—KDC… Continue reading Keppel to spin off data centre JV to Keppel DC REIT for $1bThe JV owns the Keppel Data Centre Campus in Singapore.
Openspace Ventures closes fourth early-stage fund at $163m—lower than predecessorFund III had closed at $200m in 2021.
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Jungle Ventures said to have hit first close of fifth fundThe venture capitalist is eyeing $600 million for its fifth vehicle.
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China courier group S.F. Holding plans to raise up to $793m in HK listingThe courier group is regarded as China’s answer to FedEx and DHL.
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 to HK$36.30 per share, according to… Continue reading China courier group S.F. Holding plans to raise up to $793m in HK listingThe courier group is regarded as China’s answer to FedEx and DHL.
Seafund pushes Fund II’s close to 2025 amid LP cautionThe Indian VC was looking to close the vehicle by end-2024.
India’s deep tech-focused, early-stage venture capital firm Seafund, which is in the market raising its Rs 250 crore ($30 million) second fund, has pushed its expected closure to mid-2025, citing Indian elections, high inflation, and good returns from the public markets, which is prompting limited partners (LPs) to adopt a “wait-and-watch” approach. Go to Source
DOJ to ask judge to force Google to sell off Chrome: reportThe Biden administration is trying to curb what it alleges are Big Tech monopolies.
The US Department of Justice will ask a judge to force Alphabet’s Google to sell off its Chrome internet browser, Bloomberg News reported on Monday, citing people familiar with the plans. The DOJ will also ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial… Continue reading DOJ to ask judge to force Google to sell off Chrome: reportThe Biden administration is trying to curb what it alleges are Big Tech monopolies.
EQT expects semi-liquid funds to drive private wealth interest in alternativesEQT’s private wealth team sees strong investor appetite for diversificat…
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India’s HealthKart raises $153m led by ChrysCapital, Motilal Oswal AlternatesDealStreetAsia was the first to report the development in June.
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OYO founder set to invest $65m in firm: reportThe investment will increase OYO founder Agarwal’s shareholding in the entity to 32%.
An investment vehicle backed by Indian budget hotel chain OYO founder, Ritesh Agarwal, is set to invest another $65.1 million into the startup, at a valuation of $3.8 billion, according to media reports. The investment, through Redsprig Innovation Partners, will increase Agarwal’s shareholding in the entity to 32%, from 30% previously. The development comes about… Continue reading OYO founder set to invest $65m in firm: reportThe investment will increase OYO founder Agarwal’s shareholding in the entity to 32%.