Author: Deal Street Asia Online News

KKR said to be closing in on $400m investment in Malaysian sub-sea cable firm OMSOMS Group could be valued at approximately $1b in the deal, the repor…

New York-headquartered private equity firm KKR is close to finalising a deal to invest around $400 million in Malaysian sub-sea cable company OMS Group, according to a Bloomberg report citing anonymous sources. OMS could be valued at approximately $1 billion in the deal, the report said citing sources familiar with the matter . The sources… Continue reading KKR said to be closing in on $400m investment in Malaysian sub-sea cable firm OMSOMS Group could be valued at approximately $1b in the deal, the repor…

Hong Kong’s de facto sovereign wealth fund seeks to set up joint GBA fund

Hong Kong’s de facto sovereign wealth fund is considering using HK$5 billion ($639 million) it set aside for its GBA Investment Fund to set up a joint investment fund with the government of Guangdong to invest in Greater Bay Area projects, the city said on Wednesday. Financial details, such as the size of the fund,… Continue reading Hong Kong’s de facto sovereign wealth fund seeks to set up joint GBA fund

India’s PMI Electro Mobility Solutions drives home $30m from Piramal AlternativesThe investment has been made through Piramal’s Performing Credit Fund…

Electric bus maker PMI Electro Mobility Solutions on Wednesday said it has raised $30 million (Rs 250 crore) in the form of convertible securities from Piramal Alternatives, the fund management business of the Piramal Group. The investment has been made through the Performing Credit Fund (PCF), a sector-agnostic fund of Piramal Alternatives, that caters to… Continue reading India’s PMI Electro Mobility Solutions drives home $30m from Piramal AlternativesThe investment has been made through Piramal’s Performing Credit Fund…

Kokusai Electric shares jump 28% in Tokyo market debut

Kokusai Electric shares jumped 28% in their Tokyo market debut on Wednesday after private equity firm KKR sold shares in the chip equipment maker for $724 million in Japan’s largest initial public offering (IPO) in five years. The stock closed at 2,350 yen, valuing the company at 541.5 billion yen ($3.61 billion) as investors grabbed… Continue reading Kokusai Electric shares jump 28% in Tokyo market debut

China’s Detong Capital raises just over $200m for new RMB fund, eyes $274m final closeThe new RMB fund will focus on three industries including advanc…

Shanghai-based private equity (PE) firm Detong Capital announced on Wednesday that it has raised over 1.5 billion yuan ($205.2 million) for its latest RMB-denominated fund, as the firm targets a final close of up to 2 billion yuan ($273.6 million). The new RMB fund, named “Changzhou Detong Hexin II Venture Capital Partnership (Detong Hexin II),”… Continue reading China’s Detong Capital raises just over $200m for new RMB fund, eyes $274m final closeThe new RMB fund will focus on three industries including advanc…

Kopital Ventures raises $12m for early-stage investments in SE AsiaKopital Ventures managed to attract commitments from Saison Capital, Trihill Capita…

Months after launching their angel investor network, Kenangan Brands co-founder James Prananto and Fandy Cendrajaya, who manages Kenangan Capital, have decided to take the network up a notch into a full-blown venture capital (VC) business. Called Kopital Ventures, the newly launched sector-agnostic VC received an overwhelming response from the market as it managed to raise… Continue reading Kopital Ventures raises $12m for early-stage investments in SE AsiaKopital Ventures managed to attract commitments from Saison Capital, Trihill Capita…

SG crypto payments firm Triple-A secures $10m in Peak XV-backed Series A

Singapore-based digital currency payments firm Triple-A has announced raising $10 million in a Series A funding round co-anchored by Peak XV and MENA-based tech investor Shorooq Partners. The latest transaction comes about a year after the startup raised $4 million in its seed funding round, led by Razer’s venture capital arm zVentures Investments and backed… Continue reading SG crypto payments firm Triple-A secures $10m in Peak XV-backed Series A

Queensland Government’s QIC expands into Asia to forge capital connections, fuel growthThe Queensland Government-owned investor recently set up an off…

Ross Israel Head of Global Infrastructure, Global Infrastructure, QIC Queensland Government-owned investment company Queensland Investment Corporation (QIC), which established a presence in Singapore last month, is seeking to forge capital connections and engagements with investors and partners in the Asia Pacific region. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just… Continue reading Queensland Government’s QIC expands into Asia to forge capital connections, fuel growthThe Queensland Government-owned investor recently set up an off…