Author: Deal Street Asia Online News

Indonesia’s presidential hopefuls pledge to tackle key concerns of investors

Two of Indonesia’s three presidential hopefuls told U.S. investors on Tuesday they would address issues surrounding doing business in the Southeast Asian country. Former Central Java Governor Ganjar Pranowo told an event hosted by the American Chamber of Commerce that he would ensure legal certainty for foreign investors and boost tax collection in the trillion-dollar… Continue reading Indonesia’s presidential hopefuls pledge to tackle key concerns of investors

Schroders, KBank Private Banking launch China secondaries-focused fund in ThailandThe strategy aims to provide Thai private wealth investors access to…

Schroders Capital and Kasikornbank’s private banking business have launched a secondaries-focused China private equity fund to tap capital from private wealth investors in Thailand.  The fund, which is managed by Schroders Capital, is targeting high-growth companies in technology, consumer, and healthcare sectors that offer attractive discounts in China’s secondaries market to capture the dislocation opportunities,… Continue reading Schroders, KBank Private Banking launch China secondaries-focused fund in ThailandThe strategy aims to provide Thai private wealth investors access to…

BYJU’s CFO quits less than seven months into the job, to return to VedantaAjay Goel will leave the company after completing the formalities for BYJU’S…

BYJU’S on Tuesday said its chief financial officer Ajay Goel has resigned and will return to his former company Vedanta, less than seven months after joining the edtech firm. The company has appointed Nitin Golani, who is currently President-Finance as the India CFO and Pradip Kanakia as senior advisor. Golani played a crucial role in… Continue reading BYJU’s CFO quits less than seven months into the job, to return to VedantaAjay Goel will leave the company after completing the formalities for BYJU’S…

Singapore lunar tech startup Qosmosys announces $100m seed funding

Qosmosys, a Singapore-based lunar technology startup backed by investment firm Orient G, has announced raising $100 million in seed funding that will be allocated towards its lunar transportation vehicle Zeus X. The announcement did not mention the institutional investors behind the seed round. A company executive told DealStreetAsia that it does not disclose the investors’… Continue reading Singapore lunar tech startup Qosmosys announces $100m seed funding

Norway wealth fund posts $34b loss in Q3 2023

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, posted a loss of 374 billion Norwegian crowns ($33.80 billion) in the third quarter of 2023 as all asset classes fell in value, it said on Tuesday. The fund’s return on investment was minus 2.1% for the July-September period, which was 0.17 percentage points stronger than… Continue reading Norway wealth fund posts $34b loss in Q3 2023

Hong Kong’s Templewater to buy Singapore health units of Luye Medical

Hong Kong-based private equity firm Templewater is acquiring Luye Medical Group’s IPO-LUEY.SI oncology and cardiology businesses in Singapore, the company said on Tuesday. Financial terms of the deal were not disclosed. Templewater said in a statement it will buy OncoCare Medical and Novena Heart Centre from Luye Medical, which is a Pan-Asian healthcare services company.… Continue reading Hong Kong’s Templewater to buy Singapore health units of Luye Medical

General Atlantic to buy stake in India’s TBO, Affirma scores 9x returns with partial exitAffirma Capital had invested around $42m in TBO in 2018.

Private equity major General Atlantic will acquire a minority stake in India-headquartered travel distribution platform TBO for an undisclosed amount, it said. The PE firm will acquire the stake from entities held by Affirma Capital, which will remain an investor in TBO even after the transaction. Affirma Capital had invested approximately Rs 300 crore ($42… Continue reading General Atlantic to buy stake in India’s TBO, Affirma scores 9x returns with partial exitAffirma Capital had invested around $42m in TBO in 2018.