Author: Deal Street Asia Online News

Hong Kong VC firm MindWorks Capital closes Fund IV at $220mThe firm remains conservative when it comes to deployment this year. 

Hong Kong-based venture capital firm MindWorks Capital, which counts logistics unicorn Lalamove among its portfolio firms, has closed its fourth fund at $220 million, according to a company release on Wednesday.  MindWorks Ventures Fund IV had achieved its first close in 2021. Although the fund closed within its targetted range of $200-250 million, it did… Continue reading Hong Kong VC firm MindWorks Capital closes Fund IV at $220mThe firm remains conservative when it comes to deployment this year. 

India’s Adani Enterprises to raise $500m via share saleThe share sale marks the company’s return to equity fundraising after it scrapped a $2.5 billio…

Adani Enterprises aims to raise $500 million through a share sale it launched on Wednesday, two sources with direct knowledge said, as billionaire Gautam Adani’s flagship firm seeks to shore up capital to fund expenses and repay debt. The share sale marks the company’s return to equity fund-raising after it scrapped a $2.5 billion plan… Continue reading India’s Adani Enterprises to raise $500m via share saleThe share sale marks the company’s return to equity fundraising after it scrapped a $2.5 billio…

Liquidity now or fair valuations later? SE Asian private equity faces a dilemmaCan LPs tolerate low DPIs? Their patience is limited.

A backlog of unrealised exits is creating a big dilemma for Southeast Asia’s private equity industry, which, for a lot of global investors, brings déjà vu of the 2008 global financial crisis when performance in the industry had taken a heavy hit. Go to Source

Hyundai to use proceeds from upcoming $3b India IPO for new cars, R&DHyundai is due to launch its IPO—India’s biggest ever—next week.

Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets. Hyundai is due to launch its initial public offering—India’s biggest ever—next week. It will set a value… Continue reading Hyundai to use proceeds from upcoming $3b India IPO for new cars, R&DHyundai is due to launch its IPO—India’s biggest ever—next week.

Carlyle-backed Rigaku looking to raise up to $870m in Tokyo IPOAt the top of the range, Rigaku would raise up to $870m.

Japan X-ray testing tool maker Rigaku set a tentative initial public offering (IPO) price range of 1,230 to 1,260 yen ($8.48) per share against an initial estimate of 1,230 yen, a regulatory filing showed on Wednesday. At the top of the range, Rigaku, which is backed by buyout firm Carlyle Group, would raise up to… Continue reading Carlyle-backed Rigaku looking to raise up to $870m in Tokyo IPOAt the top of the range, Rigaku would raise up to $870m.

Partners Group-backed KinderCare sets US IPO range to raise $576mThe company priced its offering at $24 apiece.

KinderCare Learning, a provider of early childhood education, on Tuesday priced its U.S. initial public offering (IPO) within its indicated range to raise $576 million. The company, which is backed by private equity firm Partners Group, priced its offering at $24 apiece, within its target range of $23 to $27, KinderCare said in a statement.… Continue reading Partners Group-backed KinderCare sets US IPO range to raise $576mThe company priced its offering at $24 apiece.

Hyundai sets price range for $3b India IPOThe Indian unit of the Korean carmaker is offering a discount to eligible employees in the IPO.

Hyundai Motor India has set a price range of 1,865 rupees ($22) to 1,960 rupees ($23) for its initial public offering (IPO) that opens next week for subscriptions, an advertisement in the Financial Express newspaper showed on Wednesday. The Indian unit of the Korean carmaker is offering a discount of 186 rupees per share to… Continue reading Hyundai sets price range for $3b India IPOThe Indian unit of the Korean carmaker is offering a discount to eligible employees in the IPO.

Japan’s JX Advanced Metals files IPO application with TSEThe market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion).

Japan’s biggest oil refiner Eneos Holdings is spinning off its metal unit, JX Advanced Metals (JXAM), saying on Tuesday JXAM has applied for a listing on the Tokyo Stock Exchange to improve focus on their respective areas of expertise. The market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion), making it… Continue reading Japan’s JX Advanced Metals files IPO application with TSEThe market capitalisation of JXAM is expected to exceed 700 billion yen ($4.7 billion).