Author: Deal Street Asia Online News

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.

PIDG Group’s Emerging Africa Infrastructure Fund expands mandate to SE AsiaThe fund’s operations in Asia will be spearheaded from Singapore.

The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) and managed by impact investor Ninety One, has revised its name to Emerging Africa and Asia Infrastructure Fund (EAAIF) to reflect its broadened mandate, which now includes South and Southeast Asia. Ninety One, an active global investment manager, is… Continue reading PIDG Group’s Emerging Africa Infrastructure Fund expands mandate to SE AsiaThe fund’s operations in Asia will be spearheaded from Singapore.

India Digest: BlackSoil backs 11 startups in Q2; Peak XV unveils Surge 10Blacksoil also exited 11 investments during the quarter.

BlackSoil, an alternative credit platform, said it invested $29 million (Rs233 crore) across 11 portfolio companies in July-September 2024. In another development, Peak XV Partners selected 14 startups for the tenth cohort of Surge, its seed-stage platform for founders. BlackSoil invests $29m in 11 startups in Q2 BlackSoil, an alternative credit platform, invested $29 million… Continue reading India Digest: BlackSoil backs 11 startups in Q2; Peak XV unveils Surge 10Blacksoil also exited 11 investments during the quarter.

China’s Horizon Robotics looks to raise $696m from Hong Kong IPO: reportAt the set price, the IPO is the largest in Hong Kong in 2024.

Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter. The sources could not be named discussing confidential information. Horizon Robotics declined to comment on its IPO pricing.… Continue reading China’s Horizon Robotics looks to raise $696m from Hong Kong IPO: reportAt the set price, the IPO is the largest in Hong Kong in 2024.

Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.

Hyundai Motor India’s shares dropped 5% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest-ever initial public offering over its pricing. The stock listed at 1,934 rupees on the National Stock Exchange, compared to its offer price of 1,960 rupees, and was last trading at 1,860 rupees at… Continue reading Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.

India: AI startup Neysa raises $30m funding led by NTTVC, Z47, NexusThe investment follows the startup’s $20m seed round raised in April this year.

AI acceleration cloud system provider Neysa has raised $30 million in its Series A funding round co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India) and Nexus Venture Partners, per an announcement. The investment follows the startup’s $20-million seed round raised in April this year. Mumbai-based Neysa, which is the second venture of data… Continue reading India: AI startup Neysa raises $30m funding led by NTTVC, Z47, NexusThe investment follows the startup’s $20m seed round raised in April this year.

SK Group acquires Vietnamese semiconductor firm ISCVina for $300mThe deal further expands SK Group’s footprint in Vietnam’s high-tech sector.

South Korean conglomerate SK Group has acquired Vietnamese semiconductor manufacturing and trading company ISCVina Manufacturing Co Ltd for $300 million. The acquisition was disclosed during a meeting between Tran Duy Dong, Chairman of the Vinh Phuc People’s Committee; and Hang Sung Won, manager of SK Group in Vietnam. ISCVina Manufacturing, operating in Ba Thien 2… Continue reading SK Group acquires Vietnamese semiconductor firm ISCVina for $300mThe deal further expands SK Group’s footprint in Vietnam’s high-tech sector.