As Southeast Asia gains prominence in the global private equity landscape, the region’s mid-market segment, especially, shows bright prospects, according to seasoned investors. “In Southeast Asia, we are beginning to see a lot of positive trends. The demographic dividend is taking shape. You have seen a lot of the young population entering the workforce, and… Continue reading SE Asia’s potential for mid-market private equity holds promise despite macro risksTo stand out in the mid-market segment, investors called for value …
Author: Deal Street Asia Online News
G42, Microsoft to set up two centres in Abu Dhabi to work on “responsible” AIMubadala and Silver Lake hold stakes in G42.
Microsoft and United Arab Emirates-based artificial intelligence company G42 will open two centres in Abu Dhabi to work on “responsible” AI initiatives, the companies said on Tuesday. The UAE, led by government-backed firm G42, is striving to become a global leader in AI and is investing heavily in it to diversify away from oil. The push comes amid… Continue reading G42, Microsoft to set up two centres in Abu Dhabi to work on “responsible” AIMubadala and Silver Lake hold stakes in G42.
Home appliances maker Midea Group rises in Hong Kong debut after $4b IPOMidea is also listed in Shenzhen.
Chinese home appliances maker Midea Group rose by up to 9.5% on its trading debut in Hong Kong on Tuesday after raising nearly $4 billion in the city’s largest share offering in almost four years, bolstering hopes for a revival in large Chinese issuances. Midea, also listed in Shenzhen, priced its shares at HK$54.80 each… Continue reading Home appliances maker Midea Group rises in Hong Kong debut after $4b IPOMidea is also listed in Shenzhen.
Cathay Life sells Dragoneer fund stake at $11.5m profitIt sold a $23.08m stake in Dragoneer Global Offshore Feeder II.
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Charticle: Public market now preferred exit route for PE-VCs in IndiaPE-VCs encashed $7.6b from public market sales on India’s bourses in Jan-July 202…
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India: Warburg, SoftBank lead $100m funding in SaaS startup WhatfixWhatfix had last raised $90m in its Series D funding round in June 2021 led by Soft…
SaaS-based digital adoption solution provider Whatfix has raised nearly $100 million in its Series E funding round led by Sweet Nector Investments (Warburg Pincus) and Japanese investment firm SoftBank. The board at Whatfix has passed a special resolution to issue 13,201 Series E compulsory convertible preference shares (CCPS) at an issue price of Rs 2,24,788.44… Continue reading India: Warburg, SoftBank lead $100m funding in SaaS startup WhatfixWhatfix had last raised $90m in its Series D funding round in June 2021 led by Soft…
SoftBank-backed Swiggy eyes IPO filing this week: ReportSwiggy may be reportedly seeking over $1 billion in its IPO.
Food delivery firm Swiggy is considering filing for its domestic initial public offering as soon as this week, Bloomberg reported citing people familiar with the matter. Swiggy may be targeting to raise more than $1 billion in its IPO, the report said, adding that the company is waiting to get approval from India’s Securities and… Continue reading SoftBank-backed Swiggy eyes IPO filing this week: ReportSwiggy may be reportedly seeking over $1 billion in its IPO.
Chinese warehouse robot maker Quicktron raises over $100m in Series DThe firm closed its $100m Series C+ round led by Kion Group and Prosperity7 Ventu…
Quicktron Intelligent Technology, a Chinese provider of warehouse robot solutions, has secured over $100 million in a Series D round of financing to fuel its global expansion. Shanghai-headquartered Quicktron raised the fresh capital from Taiwanese property development and construction firm Farglory Group and a few investment firms in mainland China, including Wuxi Liangxi Tech Innovation… Continue reading Chinese warehouse robot maker Quicktron raises over $100m in Series DThe firm closed its $100m Series C+ round led by Kion Group and Prosperity7 Ventu…
SE Asian family offices are slowly warming up to private equityIn 2023, family offices across APAC allocated only 16% of their assets to PE.
The number of Southeast Asia-based family offices is growing, but their allocation to private equity investments in their home turf may not see a sudden spurt just yet given the limited exit opportunities and the relatively lower risk-adjusted returns of the asset class. Go to Source
Asia’s family-owned businesses put faith in private equity as heirs step asideJapan is Asia’s top market for acquiring family-owned businesses, show d…
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