Indian business-to-business (B2B) marketplace Udaan is in talks with UK savings and investment firm M&G Prudential to raise a new funding round of $8-100 million, The Economic Times reported on Wednesday. M&G, which holds a 15% stake in the company, led Udaan’s $340-million Series E round of funding in December, which was a mix of… Continue reading Indian B2B marketplace Udaan in talks to raise $100m at flat valuation: Reportin January this year, Udaan’s valuation fell by nearly half to around $1…
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India: Avaana’s Climate & Sustainability Fund surpasses target to close at $135mDealStreetAsia reported in June that the firm is expected to hit the f…
India’s climate-focused venture capital firm Avaana Capital on Wednesday said it has closed its Climate and Sustainability Fund at $135 million, larger than its target of $120 million. Led by Anjali Bansal and Swapna Gupta, Avaana invests in thematic areas such as energy and resource management, mobility and supply chains, and sustainable agriculture and food… Continue reading India: Avaana’s Climate & Sustainability Fund surpasses target to close at $135mDealStreetAsia reported in June that the firm is expected to hit the f…
GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: reportEDC is the Philippines’ biggest renewable energy firm.
Singapore’s GIC and Australia’s Macquarie are looking at selling their stake of roughly 30% in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch $2 billion, two sources with knowledge of the matter said. They are in preliminary talks with advisors and no decision has been made, the sources said, declining… Continue reading GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: reportEDC is the Philippines’ biggest renewable energy firm.
People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chiefAbhishek Gupta, ex-finance chief of OYO, will be the new …
Elevation Capital, which has backed the likes of Paytm and Makemytrip, said it has promoted Vaas Bhaskar and Chirag Chadha as partners in the firm. Separately, ChrysCapital-backed Indian eyewear retailer Lenskart has named former OYO chief financial officer as its new CFO. Elevation Capital promotes execs to partners Elevation Capital, which has backed the likes… Continue reading People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chiefAbhishek Gupta, ex-finance chief of OYO, will be the new …
Tokyo Metro shares jump 45% in market debut after biggest IPO in six yearsTokyo Metro was trading at $11.41 in the morning.
Tokyo Metro’s shares shot up 45% in their market debut on Wednesday, after Japan’s largest initial public offering in six years raised $2.3 billion. Tokyo Metro, one of the capital’s two major subway operators, was trading at 1,730 yen ($11.41) in the morning after opening untraded with a glut of buy orders. The company raised… Continue reading Tokyo Metro shares jump 45% in market debut after biggest IPO in six yearsTokyo Metro was trading at $11.41 in the morning.
Mubadala Capital closes fourth PE fund at $3.1b, surpasses targetThe fund will target middle-market companies in various sectors.
Mubadala Capital, the wholly-owned alternative asset management arm of Mubadala Investment Company, has closed its Private Equity Fund IV with total commitments of $3.1 billion, exceeding its initial target by more than $1 billion, according to an announcement on Wednesday. Fund IV attracted commitments from both new and existing limited partners, including leading US pension… Continue reading Mubadala Capital closes fourth PE fund at $3.1b, surpasses targetThe fund will target middle-market companies in various sectors.
Eye on exits, Federated Hermes tightens control over deal structuresThe firm wants to take control of exits rather than rely solely on the GP.
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I Squared to buy Philippines’s biggest oil import storage firm for $296mThe PE firm will buy Philippine Tank Storage International from Keppel Infrast…
Private equity firm I Squared Capital, through its Philippine affiliate, will buy Philippine Tank Storage International from Singapore’s Keppel Infrastructure Trust and Metro Pacific Investments Corp in a $296 million deal. Hong Kong’s First Pacific said on Wednesday its Philippine affiliate, Metro Pacific, will sell its 50% stake in Philippine Coastal Storage & Pipeline Corp,… Continue reading I Squared to buy Philippines’s biggest oil import storage firm for $296mThe PE firm will buy Philippine Tank Storage International from Keppel Infrast…
BlackRock launches two new AI-focused ETFsAsset managers have been rolling out thematic ETFs to capitalise on the popularity of certain themes, sector…
Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to the booming market for artificial intelligence. Generative AI, designed to create human-like interactions by processing vast amounts of data, has taken the world by storm and is expected to be integrated into virtually all industries in the coming years from technology to financial services.… Continue reading BlackRock launches two new AI-focused ETFsAsset managers have been rolling out thematic ETFs to capitalise on the popularity of certain themes, sector…
Hyundai Motor India shares plunge 7% on debut after country’s biggest IPOHyundai was targeting a valuation of $19 billion via the offering.
Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country’s biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown. The stock listed at 1,934 rupees on the National Stock Exchange, below its offer price of… Continue reading Hyundai Motor India shares plunge 7% on debut after country’s biggest IPOHyundai was targeting a valuation of $19 billion via the offering.