Author: Deal Street Asia Online News

Shell Ventures-backed Orb Energy in talks to raise $48m in mix of debt and equityThe firm is in talks with two large impact investors for the equity p…

Shell Ventures-backed solar energy solutions provider Orb Energy is in talks with investors for its Series D round. It is aiming to raise nearly Rs 400 crore ($48 million) in a mix of equity and debt, as it seeks to expand its ground-mounted solar solutions offerings. Founded by Damian Miller and NP Ramesh in 2006,… Continue reading Shell Ventures-backed Orb Energy in talks to raise $48m in mix of debt and equityThe firm is in talks with two large impact investors for the equity p…

Hamilton Lane expands evergreen platform with launch of global, US private infra fundsThe firm’s evergreen platform now includes five funds across mul…

Leading private markets investment management firm Hamilton Lane has launched two evergreen funds that offer expanded access to private market infrastructure investments to accredited investors around the world, according to an announcement on Tuesday. With the addition of the two funds The Hamilton Lane Global Private Infrastructure Fund (HLGPI) and The Hamilton Lane Private Infrastructure… Continue reading Hamilton Lane expands evergreen platform with launch of global, US private infra fundsThe firm’s evergreen platform now includes five funds across mul…

Ares Management to buy GLP Capital Partners ex-China business in $3.7b dealThe deal splits GCP into GCP International and GLP’s remaining business.

US-based Ares Management has entered into a deal to acquire the international business of Singapore-based GLP Capital Partners (GCP), the investment and asset management arm of Asian warehouse giant GLP, for $3.7 billion, according to a company statement on Tuesday. The deal excludes its operations in Greater China.   The deal includes approximately $1.8 billion in… Continue reading Ares Management to buy GLP Capital Partners ex-China business in $3.7b dealThe deal splits GCP into GCP International and GLP’s remaining business.

India’s markets regulator clears NSDL IPONSDL had filed for an IPO in July 2023.

India’s markets regulator has approved an initial public offering by National Securities Depository Ltd (NSDL) more than a year after the company filed draft papers, a regulatory notice showed late on Monday. NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market, had filed for an IPO… Continue reading India’s markets regulator clears NSDL IPONSDL had filed for an IPO in July 2023.

Ares agrees to buy GLP Capital’s operations outside China: reportLast month, Bloomberg reported the deal may include an upfront payment of roughly $3….

Investment firm Ares Management has agreed to acquire asset manager GLP Capital Partners’ operations outside of China, Bloomberg News reported on Monday, citing people familiar with the matter. Ares and GLP Capital are set to announce a deal as soon as Tuesday, the report said. Last month, Bloomberg News reported that the deal might include an upfront payment… Continue reading Ares agrees to buy GLP Capital’s operations outside China: reportLast month, Bloomberg reported the deal may include an upfront payment of roughly $3….

WuXi AppTec to raise $500m in convertible bond sale as US restrictions loomWuxi Apptec said the proceeds would be used to fund its global expansion an…

China’s WuXi AppTec will raise $500 million in a convertible bond sale, according to a regulatory filing on Tuesday, a month after the U.S. passed rules to restrict business with the firm on national security grounds. Wuxi Apptec said the proceeds raised in the deal would be used to fund the Shanghai-headquartered biotech company’s global… Continue reading WuXi AppTec to raise $500m in convertible bond sale as US restrictions loomWuxi Apptec said the proceeds would be used to fund its global expansion an…

Tokyo Metro looks to raise up to $2.4b in largest Japan IPO in six yearsThe subway operator is owned by the Tokyo and national governments.

Tokyo Metro has set a price range for an initial public offering at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday. At the top of the range, Tokyo Metro, one of two subway operators in Japan’s capital, would raise 349 billion yen ($2.35 billion)… Continue reading Tokyo Metro looks to raise up to $2.4b in largest Japan IPO in six yearsThe subway operator is owned by the Tokyo and national governments.