Author: Deal Street Asia Online News

Macquarie buys Korean drug company Genuone Sciences in $550m dealThe investment was made through Macquarie Korea Opportunities Fund 6.

Macquarie Asset Management’s private equity fund is understood to have sealed the deal to acquire a 100% stake in Korean contract development and manufacturing organisation (CDMO) Genuone Sciences from local investor IMM Private Equity, according to sources familiar with the matter. Go to Source

CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021. 

Chinese electric vehicle battery maker CATL has injected “several hundreds of millions” of US dollars into electrical aerial vehicle maker AutoFlight.  Alongside the strategic investment, the two will jointly dedicate resources for the R&D of batteries used in electric aviation, according to a company release on Sunday.  “By combining their respective resources and technical expertise,… Continue reading CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021. 

Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.

Singapore will merge two state-backed investment agencies, EDBI and SEEDS Capital, to form a new entity next year, according to an announcement on Friday. EDBI, the investment arm of Singapore’s Economic Development Board (EDB), and SEEDS Capital, an early-stage investments-focused company, will merge to form SG Growth Capital on April 1, 2025. A joint release… Continue reading Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.

India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.

Infibeam Avenues, the parent of payment gateway CCAvenue, on Friday, said it will buy a 54% stake in Rediff.com, one of India’s oldest internet businesses, for Rs 25 crore ($2.9 million). The acquisition marks the beginning of Infibeam Avenues’ consumer-facing digital financial service as an aggregator backed by mainstream news, cloud-based enterprise email storage, and… Continue reading India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.

Asia-focused SPAC AA Mission Acquisition raises $300m in New York IPOThe blank cheque firm may acquire an F&B business.

AA Mission Acquisition, a blank cheque company focused on Asian businesses, announced raising $300 million in its initial public offering in the US. The special purpose acquisition company (SPAC) offered 30 million units at $10 apiece in the IPO, each consisting of one share of common stock and one-half of a warrant. The units are… Continue reading Asia-focused SPAC AA Mission Acquisition raises $300m in New York IPOThe blank cheque firm may acquire an F&B business.