Author: Deal Street Asia Online News

Data Vantage: Blue Planet, Rario, Nuguru, Arival and Lyte Ventures report updates

This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $52. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Blue Planet, Rario, Nuguru, Arival and Lyte Ventures report updates

Hong Kong’s VMS Group secures first close of dedicated AI fundThe fund is a JV between VMS and AI specialist Esther Wong.

Hong Kong-based alternative asset management firm VMS Group has completed the first close of its Artificial Intelligence fund, 3Capital AGI Fund (3Cap Fund). While the company did not disclose the size of the first close, it said over half of the vehicle’s target has been raised. The 3Cap Fund is a joint venture between VMS… Continue reading Hong Kong’s VMS Group secures first close of dedicated AI fundThe fund is a JV between VMS and AI specialist Esther Wong.

Singapore SPAC Novo Tellus Alpha Acquisition denies shutdown rumours

Novo Tellus Alpha Acquisition, a Singapore-based special purpose acquisition company (SPAC), said on Wednesday it was still pursuing buyout targets, denying media reports that it was seeking to pull the plug on its operations. “The activities to identify an optimal business combination target are ongoing”, but it has not entered any written, binding acquisition agreement,… Continue reading Singapore SPAC Novo Tellus Alpha Acquisition denies shutdown rumours

JIC denies issues with Chinese antitrust regulator over $6.4b JSR buyoutJIC this week pushed back the expected start of its tender offer for JSR from …

State-backed Japan Investment Corp (JIC) sees no particular issues with China’s antitrust regulator over its planned $6.4 billion buyout of chip materials firm JSR Corp, the chief executive of the fund said on Wednesday. JIC, which is overseen by the trade ministry, this week pushed back the expected start of its tender offer for JSR… Continue reading JIC denies issues with Chinese antitrust regulator over $6.4b JSR buyoutJIC this week pushed back the expected start of its tender offer for JSR from …

Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down

Pegasus Asia, a Singapore-based special purpose acquisition company (SPAC) backed by alternative asset manager Tikehau Capital, said on Wednesday it would not make an acquisition by a Jan 20 deadline and would close down. The shell company, which was listed on the Singapore bourse in January 2022, had two years to acquire or merge with… Continue reading Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down

PE firm General Atlantic in talks to buy UK infra investor Actis

U.S. private equity firm General Atlantic is in talks to buy infrastructure investor Actis shortly after it filed for an initial public offering earlier this month, the Financial Times reported on Wednesday. The deal, which would add $12.7 billion to General Atlantic’s $77 billion of assets under management, has yet to be finalised, the report… Continue reading PE firm General Atlantic in talks to buy UK infra investor Actis

Abu Dhabi’s PureHealth surges 69% on market debut after billion-dollar IPO

Shares in Abu Dhabi healthcare platform PureHealth Holding climbed as much as 69% above their listing price on Wednesday on their market debut, after raising almost $1 billion in an initial public offering (IPO) for 10% of the business. PureHealth played a pivotal role in screening for COVID-19 infections in the United Arab Emirates, and… Continue reading Abu Dhabi’s PureHealth surges 69% on market debut after billion-dollar IPO