China Food Investment (CFI), a health and agricultural biotech enterprise, has agreed to list its shares in the US via a merger with a special purpose acquisition company (SPAC) that values the combined entity at $523 million. The Nasdaq-listed SPAC, Iron Horse Acquisitions, said on Wednesday it will buy all of CFI’s equity from its… Continue reading China Food Investment to list on Nasdaq via $523m SPAC dealThe SPAC, Iron Horse Acquisitions, will buy all of CFI’s equity from its parent Rosy Sea Ho…
Author: Deal Street Asia Online News
SG Digest: ThaiBev revives IPO plan for BeerCo; HomesToLife prices Nasdaq IPOHomesToLife was previously listed on SGX mainboard since 1993.
Thai Beverage is reviving plans to list its beer unit BeerCo, while Singapore-based furniture retailer HomesToLife, which was formerly listed on SGX, is looking to raise $5m in its Nasdaq IPO. ThaiBev revives IPO plan for BeerCo Thai Beverage (ThaiBev) is reviving plans for an initial public offering of its beer unit BeerCo, besides considering… Continue reading SG Digest: ThaiBev revives IPO plan for BeerCo; HomesToLife prices Nasdaq IPOHomesToLife was previously listed on SGX mainboard since 1993.
KKR weighs takeover bid for HK-listed chip maker ASMPT: reportKKR has made a non-binding, preliminary approach to take ASMPT private.
KKR is considering a takeover bid for chip equipment maker ASMPT, Bloomberg News reported on Wednesday, citing people familiar with the matter. Hong Kong-listed ASMPT is valued at HK$39.39 billion ($5.07 billion), according to LSEG data. The US private equity firm has made a non-binding, preliminary approach to take ASMPT private, according to the report.… Continue reading KKR weighs takeover bid for HK-listed chip maker ASMPT: reportKKR has made a non-binding, preliminary approach to take ASMPT private.
Carlyle-backed StandardAero looking to raise $1.44b in IPOStandardAero priced its offering at $24 apiece.
StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday. Scottsdale, Arizona-based StandardAero, which is backed by buyout firm Carlyle, priced its offering at $24 apiece, above its range of $20 to $23, the sources said,… Continue reading Carlyle-backed StandardAero looking to raise $1.44b in IPOStandardAero priced its offering at $24 apiece.
Quadria Capital said to weigh investment in Vietnam’s Tam Tri MedicalThe transaction might create an exit for VinaCapital.
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IFC mulls anchor investment in Asia Debt Opportunities Fund IIThe fund will focus on distressed debt, special situations, asset-backed credit portfoli…
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Peak XV trims $2.85b fund citing ‘richly priced public market’ in IndiaAs part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion …
Peak XV, one of the largest venture capital firms in India and Southeast Asia, announced that it is reducing the size of its $2.85-billion fund by 16%, attributing the decision to soaring valuations in a richly priced public market. In a LinkedIn post on Wednesday morning, Peak XV said, “In the context of a richly… Continue reading Peak XV trims $2.85b fund citing ‘richly priced public market’ in IndiaAs part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion …
SME-focused Philippines startup Enstack secures $3m in fresh fundingEnstack is looking at expanding to Thailand, Malaysia, and Taiwan.
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Indonesian automotive platform Broom bags $25m funding led by OpenspaceOpenspace led the firm’s $10m pre-Series A funding announced in March 2023.
Broom, an Indonesian digital automotive startup, has raised $25 million in an extended Series A round led by existing backer Openspace Ventures, according to a statement on Tuesday. The round also saw participation from other existing investors, including AC Ventures, Quona Capital, MUFG Innovation Partners, and PKSHA Capital. Additionally, the company secured credit facilities from… Continue reading Indonesian automotive platform Broom bags $25m funding led by OpenspaceOpenspace led the firm’s $10m pre-Series A funding announced in March 2023.
Asia Digest: UAE’s Podeo raises $5.4m; Indonesian D2C brand SYCA ceases operationSYCA was backed by Salt Ventures.
Podeo, a UAE-based podcast distribution platform, has raised $5.4 million in a Series A round led by Oraseya Capital, while Indonesian D2C brand SYCA announced it will cease operations by Oct. 15, 2024. UAE’s podcast startup Podeo secures $5.4m funding Podeo, a UAE-based podcast distribution platform has announced a $5.4 million series A round. The… Continue reading Asia Digest: UAE’s Podeo raises $5.4m; Indonesian D2C brand SYCA ceases operationSYCA was backed by Salt Ventures.