Optimistic Capital, a homegrown investment firm, on Monday said it has launched a Rs 200-crore ($24 million) microbreweries-focused fund to tap into the burgeoning sector in India. Optimistic Capital is backed by four founding partners from ISB and INSEAD — Karthik Chandrasekaran, Jeff Jose, Varun Krishnan, and Edwin Daniel. The fund will focus on key… Continue reading Optimistic Capital launches India’s first fund for microbreweriesThe fund will focus on key markets including Bengaluru, Hyderabad, and Pune.
Author: Deal Street Asia Online News
GIC-backed StandardAero eyes $7.5b valuation in US IPOThe company is seeking proceeds of up to $1.07 billion in the IPO.
Aviation services provider StandardAero, backed by buyout firm Carlyle Group and Singapore’s sovereign wealth fund GIC, said on Monday it was targeting a valuation of up to $7.54 billion in its initial public offering in the United States. The Scottsdale, Arizona-based company is seeking proceeds of up to $1.07 billion through a sale of 46.5 million shares priced between $20 and $23… Continue reading GIC-backed StandardAero eyes $7.5b valuation in US IPOThe company is seeking proceeds of up to $1.07 billion in the IPO.
Brookfield raises $2.4b in initial close for UAE-backed climate fundCTF was launched last Dec and was anchored by a $1 billion commitment from ALTERRA…
Brookfield Asset Management said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by the United Arab Emirates and aims to scale up climate finance in emerging markets. CTF was launched at the COP28 climate talks in Dubai last December and was anchored by a $1 billion commitment from ALTERRA, a $30-billion UAE-based climate fund. ALTERRA, which was also announced during last year’s climate summit,… Continue reading Brookfield raises $2.4b in initial close for UAE-backed climate fundCTF was launched last Dec and was anchored by a $1 billion commitment from ALTERRA…
PH Digest: Car-sharing platform DOON, marketplace Supafaya secure fundingDOON secured $500K in equity funding and $1m in debt facility.
DOON has announced raising $1.5 million in its pre-seed funding round, while Supafaya has secured fresh investment. P2P car-sharing startup DOON secures $1.5m funding DOON, the first peer-to-peer car-sharing platform in the Philippines, has announced raising $1.5 million in debt and equity in its pre-seed funding round. The startup said it raised $500,000 in equity… Continue reading PH Digest: Car-sharing platform DOON, marketplace Supafaya secure fundingDOON secured $500K in equity funding and $1m in debt facility.
Taiwanese e-scooter giant Gogoro faces subsidy fraud allegationsThe firm went public in April 2022 via a merger with blank-cheque firm Poema Global Ho…
Taiwan’s Gogoro Inc, an electric scooter and energy-swapping giant backed by conglomerate Ruentex Group, is embroiled in an alleged subsidy fraud for using mainland China-made components instead of locally-produced parts in some of its products. Multiple law firms notified investors in the past two days that they have commenced investigations into the Nasdaq-listed Gogoro in… Continue reading Taiwanese e-scooter giant Gogoro faces subsidy fraud allegationsThe firm went public in April 2022 via a merger with blank-cheque firm Poema Global Ho…
ABC Impact leads $30m funding in Aye Finance and India deals worth $363mWith this round, Aye Finance has raised a total equity funding of nearly $150m…
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Digital health startup FathomX, S Korean AI firm AIZEN raise fresh fundsFathomX sees to raise $4m at a pre-money valuation of $15m.
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Australia’s Healius to sell diagnostic imaging arm to Affinity for $657mThe country’s competition regulator rejected its $1b takeover by Australian Cl…
Australia’s Healius said on Monday it would sell its diagnostic imaging arm Lumus Imaging to private equity firm Affinity Equity Partners for an enterprise value of A$965 million ($657 million). Healius started a formal process in March to explore options for a sale of Lumus as part of a strategic review after the country’s competition… Continue reading Australia’s Healius to sell diagnostic imaging arm to Affinity for $657mThe country’s competition regulator rejected its $1b takeover by Australian Cl…
India’s HDFC Bank-backed HDB Financial gears up for $299m IPOExisting shareholders will also sell some stake in the IPO via an offer for sale.
India’s HDB Financial Services, a unit of HDFC Bank, has approved raising 25 billion rupees ($299 million) through a fresh issue of shares in its initial public offering (IPO), the lender said on Friday, marking the group‘s first public float in six years. Existing shareholders will also sell some stake in the IPO via an offer for sale, the firm said in an exchange filing, without specifying details. HDB Financial‘s listing… Continue reading India’s HDFC Bank-backed HDB Financial gears up for $299m IPOExisting shareholders will also sell some stake in the IPO via an offer for sale.
UK’s Abrdn to exclude China from emerging markets fundAbrdn said the decision was about giving clients flexibility, and did not reflect a call on the …
British fund manager abrdn is cutting out investments to China from one of the company’s emerging market funds, in response to client demands for greater choice in managing their exposure to the country, the company said in a statement. Abrdn will relaunch its Emerging Markets Sustainable Equity Fund to exclude China and re-brand the product the Emerging Markets Ex China fund, the statement said. Abrdn said the decision was about giving clients flexibility, and did not reflect a call on the Chinese market.… Continue reading UK’s Abrdn to exclude China from emerging markets fundAbrdn said the decision was about giving clients flexibility, and did not reflect a call on the …