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Author: Deal Street Asia Online News
Universities in Greater China emerge as new force in startup incubationOver 67.9% of the 340 Chinese unicorns are led by founders from a domestic univ…
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IFC mulls $30m investment in SG’s Jungle Ventures’s fifth fundJungle Ventures is targeting to raise $500 million for its fifth fund, IFC said.
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Family office GreenBear Group to remain committed to SE Asia, India“We have observed many investors exiting these markets, we are not following that p…
Vishnu Amble, Investment Director, & Head of Philanthropic Initiatives at GreenBear Group LLC GreenBear Group, the US-headquartered single-family investment office of a prominent South Asian semiconductor company, has been assessing secondary markets in Southeast Asia and India, identifying next-generation managers with significant potential in the latter. Start your deal-making journey now! Subscribe now to enjoy… Continue reading Family office GreenBear Group to remain committed to SE Asia, India“We have observed many investors exiting these markets, we are not following that p…
Indian carrier SpiceJet restructures dues to Carlyle AviationSpiceJet said it will issue shares worth $30 million to Carlyle
India’s SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group into equity and debentures. The restructuring plan comes as the budget airline has struggled to restore operations despite multiple fundraises over the last year. Late last month, the country’s aviation… Continue reading Indian carrier SpiceJet restructures dues to Carlyle AviationSpiceJet said it will issue shares worth $30 million to Carlyle
Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech’s India IPOCarlyle acquired a controlling stake in Hexaware in 2021.
Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday. The US-based private equity giant acquired a controlling stake in the Indian company in 2021, a year after Hexaware was taken private by its former… Continue reading Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech’s India IPOCarlyle acquired a controlling stake in Hexaware in 2021.
Actis buys stake in Manila Electric unit to back Terra Solar ProjectActis is acquiring a 40% stake in Solar Philippines New Energy for $600m, Reuters …
UK-based infrastructure private equity investor Actis has entered into a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, aimed to provide electricity to around 2.4 million Philippine households. This transaction is touted to be the largest foreign direct investment for a… Continue reading Actis buys stake in Manila Electric unit to back Terra Solar ProjectActis is acquiring a 40% stake in Solar Philippines New Energy for $600m, Reuters …
Chinese commercial rocket firm iSpace bags almost $99m in Series C, C+ roundsThe rounds were co-led by local investment firm Xin Ding Capital.
Beijing Interstellar Glory Space Technology, also known as iSpace, has secured 700 million yuan ($98.8 million) in Series C and C+ rounds co-led by local investment firm Xin Ding Capital. Sichuan Industrial Revitalization & Development Investment Fund led the Series C+ round while the two rounds have attracted the participation of local investors including Jingming… Continue reading Chinese commercial rocket firm iSpace bags almost $99m in Series C, C+ roundsThe rounds were co-led by local investment firm Xin Ding Capital.
India’s Drip Capital raises $113m in debt-and-equity fundingThe $23m in equity came from Japan’s GMO Payment Gateway and SMBC.
India’s Drip Capital, a global cross-border trade finance platform, on Friday, said it has raised $113 million in equity-cum-debt funding. The $23 million in equity came from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), while International Finance Corporation (IFC) and East West Bank led the debt investment of $90 million.… Continue reading India’s Drip Capital raises $113m in debt-and-equity fundingThe $23m in equity came from Japan’s GMO Payment Gateway and SMBC.
Large shareholder sells stake worth $145m in India’s Max Financial ServicesThe holding compan has been trimming its ownership in MFSL since last year.
A large shareholder of India’s Max Financial Services Ltd (MFSL) offloaded a nearly 3.2% stake in the company for 12.18 billion rupees ($145.1 million), exchange data showed on Thursday. Max Ventures Investment Holdings sold 11 million shares of the listed company at 1,107.37 rupees per share, a nearly 2.3% discount to MFSL’s closing price on… Continue reading Large shareholder sells stake worth $145m in India’s Max Financial ServicesThe holding compan has been trimming its ownership in MFSL since last year.