Author: Deal Street Asia Online News

Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.

Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with preparations as it awaits UK regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors’ questions and tests their investment appetite. The sources declined to be identified as… Continue reading Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.

Indian food delivery platform Swiggy gets shareholder nod to upsize IPO fresh issueWith the increase of the fresh issue, its initial public offering s…

SoftBank-backed Indian food delivery company Swiggy has received shareholders’ approval to use a provision that will allow it to increase the size of fresh issue in its IPO to 50 billion rupees ($595 million) from 37.5 billion rupees, people aware of the matter told Reuters on Thursday. India’s red-hot IPO market has already seen around 250 companies raise over $9 billion so far this year, more than… Continue reading Indian food delivery platform Swiggy gets shareholder nod to upsize IPO fresh issueWith the increase of the fresh issue, its initial public offering s…

Brookfield’s global operational playbook guides its SE Asia investment strategyThe investment firm sees increasing buyout opportunities in the region….

Alex Yang, Managing Partner and head of Greater China and Southeast Asia for Brookfield’s Private Equity Group Brookfield Asset Management’s Private Equity Group has a proven, repeatable operational improvement playbook that it relies on to maximise long-term value creation and drive cash flows, said a top executive. Over 50% of the firm’s returns are derived from… Continue reading Brookfield’s global operational playbook guides its SE Asia investment strategyThe investment firm sees increasing buyout opportunities in the region….

India’s Matrix Gas & Renewables looking to raise up to $143m in IPOThe company plans to file for its IPO next year.

India’s Matrix Gas & Renewables aims to raise 10 billion to 12 billion rupees ($119-$143 million) via initial public offering as the company looks to take advantage of the country’s hot IPO market to fund its green hydrogen projects, CEO Chirag Kotecha said on Thursday. Matrix Gas & Renewables, which is a unit of Gensol Group, plans to file for… Continue reading India’s Matrix Gas & Renewables looking to raise up to $143m in IPOThe company plans to file for its IPO next year.

Blackstone eyes at least $10b for new Asia PE fund, to focus on IndiaChina will not be a market for the new fund.

Blackstone Inc, the world’s largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said. The new buyout fund, Blackstone‘s third in Asia, will primarily focus on India with the largest percentage of capital allocated there, the sources said, declining to be named as they were not authorised to speak to the media. China will… Continue reading Blackstone eyes at least $10b for new Asia PE fund, to focus on IndiaChina will not be a market for the new fund.

China-listed chip foundry Nexchip ropes in external investors for subsidiary’s $1.36b dealWanxin, which has yet to generate any revenue, booked a net …

Shanghai-listed Chinese semiconductor foundry business Nexchip is roping in external investors to inject 9.55 billion yuan ($1.36 billion) into its wholly-owned subsidiary to expand chip production facilities. External investors, such as ABC Financial Asset Investment and Gongrong Jintou (Beijing) Emerging Industry Equity Investment Fund, will invest 5.4 billion yuan ($766.4 million) in Hefei Wanxin Integrated… Continue reading China-listed chip foundry Nexchip ropes in external investors for subsidiary’s $1.36b dealWanxin, which has yet to generate any revenue, booked a net …

ADB to invest $25m in Vivriti Capital’s climate bond issueThe bond proceeds will be used to enhance access to climate finance for financially underser…

The Asian Development Bank (ADB) said it will invest $25 million in a certified climate bond issue by mid-market lender Vivriti Capital, according to a press release. The proceeds of the bond issue will be used to provide finance for companies engaged in sectors including electric vehicles, solar and wind energy, and waste management. The… Continue reading ADB to invest $25m in Vivriti Capital’s climate bond issueThe bond proceeds will be used to enhance access to climate finance for financially underser…

US development bank DFC approves $326m commitments in AsiaThis includes a $50m equity investment in AP Moller’s Emerging Markets Infrastructure Fund I…

The US development bank International Development Finance Corporation (DFC) has approved at least $326 million worth of investments in firms based in, or focused on, Asia, including India, in its fiscal year 2024. The deals, which involved debt financing and equity investments, were part of the more than $12 billion in commitments that DFC made… Continue reading US development bank DFC approves $326m commitments in AsiaThis includes a $50m equity investment in AP Moller’s Emerging Markets Infrastructure Fund I…