Author: Deal Street Asia Online News

PAG acquires majority stake in Indian packaging firm Pravesha IndustriesPAG has also signed definitive documents to invest in Manjushree Technopack.

Asia-focused private equity firm PAG said on Monday that it has acquired a majority stake in Indian pharmaceutical packaging company Pravesha Industries, according to a statement. Financial details were not disclosed in the statement. A source with knowledge of the matter said the deal gave Pravesha an enterprise value of $200 million. PAG and Pravesha declined to comment.… Continue reading PAG acquires majority stake in Indian packaging firm Pravesha IndustriesPAG has also signed definitive documents to invest in Manjushree Technopack.

Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.

The private equity business of Vietnam-based Asia Business Builders (ABB) has closed its second fund with $70 million in capital commitment, lower than its initial target of $100 million. Asia Business Builders II LP attracted new limited partners, including Dutch development bank FMO, Pavilion Capital, the International Finance Corporation (IFC), Australian Development Investments, and several… Continue reading Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.

India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.

Groww is looking at a potential initial public offering (IPO) to raise around $700 million, while Ather Energy is set to value itself at as much as $2.4 billion in its upcoming IPO, per media reports. Groww in talks with bankers for IPO Indian stockbroking platform Groww has held talks with a clutch of investment… Continue reading India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.

India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…

India’s boba tea and Korean fusion food brand Boba Bhai on Monday said it has raised Rs 30 crore ($3.5 million) in a Series A round led by 8i Ventures, aiming to expand to new cities and capture the Gen Z and Millennial market. The round also saw participation from Titan Capital Winners Fund, Global… Continue reading India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…

PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.

Swedish investment house EQT Group has anchored the $70-million Series C funding round in Hong Kong-headquartered surgical robotics firm Cornerstone Robotics, according to an announcement. The round also saw the participation of a number of venture investors, including Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC,… Continue reading PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.

Bain Capital ups bid for Australia’s Insignia to $1.8b, matching CC CapitalUnder the offer, Insignia shareholders will receive A$4.30 per share.

Australia’s Insignia Financial said on Monday that private equity firm Bain Capital has sweetened its bid for the 178-year-old wealth manager, now valuing it at A$2.87 billion ($1.76 billion), matching CC Capital’s bid as the bidding war heats up between the two suitors. Under the offer, Insignia shareholders will receive A$4.30 per share, a 7.5%… Continue reading Bain Capital ups bid for Australia’s Insignia to $1.8b, matching CC CapitalUnder the offer, Insignia shareholders will receive A$4.30 per share.

HK’s Betatron Venture Group leads construction tech firm Varadise’s Series A roundThe Series A round also saw the participation of the Innovation and …

Hong Kong’s construction tech firm Varadise has secured $3 million in a Series A financing round led by early-stage venture capital firm Betatron Venture Group, as it charts international expansion plans into Southeast Asia, Mainland China, and the Middle East. The Series A round also saw the participation of the Innovation and Technology Venture Fund… Continue reading HK’s Betatron Venture Group leads construction tech firm Varadise’s Series A roundThe Series A round also saw the participation of the Innovation and …