Author: Deal Street Asia Online News

Ailing property firm Sunac China to raise $156m to repay corporate debtSunac will place around 489 million shares.

Embattled property developer Sunac China said on Thursday it is seeking to raise HK$1.21 billion ($155.70 million) to repay its existing corporate debt, at a time when China is dealing with a downturn in the property market. Sunac will place around 489 million shares, representing 5.60% of its existing share capital, at HK$2.465 apiece. The… Continue reading Ailing property firm Sunac China to raise $156m to repay corporate debtSunac will place around 489 million shares.

Warburg Pincus commits $327m to MA Financial’s real estate credit fundThe fund is expected to provide global institutional investors access to Austral…

US private equity giant Warburg Pincus announced that it committed A$490 million ($327 million) to MA Financial‘s A$1 billion Real Estate Credit Vehicle. The vehicle is expected to provide global institutional investors access to Australia’s real estate credit market, funding high-quality developers and residential real estate projects. Warburg Pincus said the deal reinforces its commitment… Continue reading Warburg Pincus commits $327m to MA Financial’s real estate credit fundThe fund is expected to provide global institutional investors access to Austral…

India: EQT-backed digital engineering firm Indium acquiring ExperionThe acquisition will expand Indium’s geographic footprint and headcount.

Indium, an India-based AI-driven engineering services company backed by private equity major EQT, is acquiring a majority stake in global product engineering services firm Experion, according to an announcement. Founded in 2006, Experion operates across North America, the UK, Europe, Australia, and Japan, serving clients in the financial services, healthcare, manufacturing, retail, automotive, and transportation… Continue reading India: EQT-backed digital engineering firm Indium acquiring ExperionThe acquisition will expand Indium’s geographic footprint and headcount.

Malaysia’s Bintang launches $47m fund for gender diversity in semiconductor industryBSIF I will invest in growth-stage semiconductor companies.

Malaysia-based private equity firm Bintang Capital Partners has launched a new impact fund with a focus on women empowerment in the local semiconductor industry, according to a statement. The vehicle, Bintang Semiconductor Impact Fund I (BSIF I), targets a corpus of up to 200 million ringgit ($47 million) to invest in growth-stage semiconductor companies with… Continue reading Malaysia’s Bintang launches $47m fund for gender diversity in semiconductor industryBSIF I will invest in growth-stage semiconductor companies.

Hong Kong moves to set up $1.2b FoF to invest in Innovation & TechnologyHK has announced a series of measures to bolster investments in the private se…

The Hong Kong government will set up a HK$10 billion ($1.2 billion) fund-of-funds (FoF)—the I&T Industry-Oriented Fund—to invest in the Innovation & Technology (I&T) sector in a move to boost the city’s technology sector, according to an announcement.  The I&T-focused FoF will inject capital into the life and health technology, AI and robotics, semiconductors and… Continue reading Hong Kong moves to set up $1.2b FoF to invest in Innovation & TechnologyHK has announced a series of measures to bolster investments in the private se…

Sales commission management platform Everstage raises $30m in Series B roundThe round was led by Eight Roads Ventures.

Sales commission management platform Everstage on Wednesday said it has raised $30 million in its Series B round of funding led by Fidelity-backed global venture capital firm Eight Roads Ventures. Everstage, which counts SaaS unicorns like Chargebee, Postman and Nitro as some of its customers, said the round also saw participation from existing investors, Elevation… Continue reading Sales commission management platform Everstage raises $30m in Series B roundThe round was led by Eight Roads Ventures.