CVC DIF, the infrastructure arm of global private markets manager CVC, announced that it is acquiring a 49.9% stake in Singapore hazardous waste management firm ECO. According to the announcement, CVC DIF has agreed to acquire ECO, through DIF Infrastructure VII, from French industrial group Seche Environnement for an undisclosed amount. Seche will retain a… Continue reading CVC unit to acquire 49.9% stake in Singapore’s ECOThis transaction marks CVC DIF’s inaugural investment in Asia.
Author: Deal Street Asia Online News
SGX-listed 17LIVE acquires 100% of outstanding shares of N CraftThe strategic move aims to enhance 17LIVE’s V-Liver business segment.
SGX-listed live-streaming platform 17LIVE Group Limited has announced the acquisition of 100% of the outstanding shares of N Craft Co., Ltd (N Craft). The strategic move aims to enhance 17LIVE’s V-Liver business segment by integrating production and talent development capabilities within the Group, according to the company’s statement on Monday. N Craft specializes in developing… Continue reading SGX-listed 17LIVE acquires 100% of outstanding shares of N CraftThe strategic move aims to enhance 17LIVE’s V-Liver business segment.
Dymon Asia PE invests in Singapore-based business services firm CLA Global TS The investment will see CLA acquire similar companies in SE Asia.
Dymon Asia Private Equity has made an investment in Singapore-based business services provider CLA Global TS to support the latter’s growth across Southeast Asia and China. The funding amount was not disclosed. CLA said in a statement that the investment by Dymon will help it acquire a series of professional service businesses in other Southeast… Continue reading Dymon Asia PE invests in Singapore-based business services firm CLA Global TS The investment will see CLA acquire similar companies in SE Asia.
China’s DeepRoute.ai bags $100m funding as smart driving adoption speeds upIt expects nearly 200,000 cars to be equipped with its advanced assisted dr…
Chinese autonomous driving technology developer DeepRoute.ai has raised $100 million from an automaker, the company said on Monday, as it looks to bolster mass adoption of its systems on vehicles ahead of Tesla in China. The Shenzhen-based startup expects nearly 200,000 cars to be equipped with its advanced assisted driving system on Chinese roads by… Continue reading China’s DeepRoute.ai bags $100m funding as smart driving adoption speeds upIt expects nearly 200,000 cars to be equipped with its advanced assisted dr…
Blackstone in advanced talks to acquire US shopping centre owner Retail OpportunityIf the talks are successful, a deal could be finalised in the comin…
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp, which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter. If the talks are successful, a deal could be finalized in the coming weeks, the sources said, requesting anonymity as the matter… Continue reading Blackstone in advanced talks to acquire US shopping centre owner Retail OpportunityIf the talks are successful, a deal could be finalised in the comin…
Malaysia expects its ‘remarkable’ IPO boom to continue in 2025Reaching 50 listings would mark the largest for the country since 2005.
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Taiwanese insurers Taiwan Life, Fubon Life commit $39.4m to two fundsTaiwan Life committed $30 million to Global Infrastructure Partners V-C.
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Chinese AI unicorn Zhipu holds first close of $211m ecosystem fundZ Fund invests in upstream and downstream innovations and emerging use cases of LLMs…
Beijing-based Zhipu AI, one of China’s fastest-rising large language model (LLM) startups, recently held the first close of a venture capital (VC) fund which targets to raise a total of 1.5 billion yuan ($210.6 million) to invest in early-stage LLM startups. Go to Source
PIF-backed ewpartners injects $50m into Lenovo Group’s LeshinesThis is the first investment from ewpartners’s $1b, second growth-stage fund.
Riyadh-based ewpartners, which counts Chinese internet giant Alibaba Group and Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) as investors, has pumped $50 million into Leshines, the supply chain solutions provider of Lenovo Group, according to a company announcement on Thursday. Go to Source
EIKTO raises $56m to power more electric forklifts, shipsHefei Industry Investment Group, Kaisheng Group backed the Chinese battery maker.
China’s Anhui EIKTO Battery, which develops industrial lithium-ion batteries, has secured 400 million yuan ($56.1 million) in a new funding round to strengthen its market position as a provider of electric forklifts and new energy ships. This fundraising attracted the participation of state capital investors including Hefei Industry Investment Group and Kaisheng Group, both headquartered… Continue reading EIKTO raises $56m to power more electric forklifts, shipsHefei Industry Investment Group, Kaisheng Group backed the Chinese battery maker.