AEON Financial, the financial arm of Japanese retail major AEON, has agreed to buy a 100% stake in Post and Telecommunication Finance Company Limited (PTF) from Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) for 4.3 trillion dong ($175 million). PTF was founded in 1998 by the Vietnam Posts and Telecommunications Group, and sold to… Continue reading AEON Financial to buy Vietnam-based SeABank’s microfinance unit for $175m
Author: Deal Street Asia Online News
Bain Capital, China’s DNE Group form $250m industrial real estate JVDNE will manage projects for the JV while Bain acts as the strategic investor.
Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the US firm looks for investment opportunities in manufacturing park assets in China. The initial batch of assets the joint venture will invest in are located in China’s… Continue reading Bain Capital, China’s DNE Group form $250m industrial real estate JVDNE will manage projects for the JV while Bain acts as the strategic investor.
SE Asian logistics startup Inteluck raises $34m in Series C funding
Inteluck, a Southeast Asian third-party logistics player, has raised $34 million in a Series C funding round led by Philippines-focused private equity firm Navegar. The company’s existing investor East Ventures participated in the funding round, according to a release. “As the industry grows from increased trade, infrastructure upgrades, and the development of traditional sectors, Inteluck… Continue reading SE Asian logistics startup Inteluck raises $34m in Series C funding
Data Vantage: SIRCLO, Arival Bank, Tjufoo and BeeX update cap table
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Australia’s Canva takes deep dive into AI to help regain valuationDesign software maker’s co-founder says tech is key to avoid ‘real opportunity cost’
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Indian startups closed megadeals worth $4b in Jan-Sept 2023, down 65% YoY
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Asia Pacific continues to present plenty of opportunities, says Ares Asia head
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IFC weighs $10m investment in Clime Capital’s second SE Asian clean energy fund
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Gulf Capital makes exit from BPO portfolio firm iSON XperiencesGulf Capital and AfricInvest invested around $50 million in iSON in 2018.
UAE-based private equity firm Gulf Capital has announced its exit from business process outsourcing services company iSON Xperiences, which has a presence across India and Africa. Financial details of the divestment were not disclosed. Gulf Capital said it invested around $50 million, along with AfricInvest, in iSON five years ago. During the investment period, iSON… Continue reading Gulf Capital makes exit from BPO portfolio firm iSON XperiencesGulf Capital and AfricInvest invested around $50 million in iSON in 2018.
Reliance nears deal to buy Disney’s India business: report
Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday. Disney has been exploring options to sell or find a partner for its India assets, Reuters reported in July,… Continue reading Reliance nears deal to buy Disney’s India business: report