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Author: Deal Street Asia Online News
HK-listed real estate manager ESR completes acquisition of LOGOS
Hong Kong-listed real estate group ESR announced that it is acquiring the remaining 13.6% interest in LOGOS, one of the region’s top logistics property groups, held by LOGOS founders. The acquisition of the remaining shares will complete ESR’s acquisition of LOGOS, originally set for January 2025, per the announcement. With the integration, LOGOS co-founder and… Continue reading HK-listed real estate manager ESR completes acquisition of LOGOS
Naver-backed Planetarium Labs’s losses widened 2.6x in 2023 despite higher revenue
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L Catterton’s Asia chairman Chinta Bhagat steps down from role
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Need to shift more climate investments to countries like India: LeapFrog
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Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…
Indian drugmaker Mankind Pharma Ltd on Thursday said it has signed a deal to buy Bharat Serums & Vaccines Ltd (BSV), from private equity firm Advent International for Rs 13,630 crores ($1.63 billion). The deal will help Mankind expand into the Indian women’s health and fertility drug market besides giving it access to other high-entry… Continue reading Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
PT Energy Selalu Baru (ESB), the Indonesian electric vehicle (EV) maker behind the two-wheeler brand Volta, plans to expand its business to Malaysia, Thailand, and Vietnam, a senior executive said. ESB is a subsidiary of the Indonesia Stock Exchange-listed PT NFC Indonesia Tbk (NFCX), part of MCASH Group. “We believe with our experience, we can… Continue reading Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
Ola Electric suspends India car project to focus on scooters, bikes: report
India’s IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision said. Ola’s founder Bhavish Aggarwal laid out plans in 2022 to launch an electric sports car with an all-glass roof in two years that could… Continue reading Ola Electric suspends India car project to focus on scooters, bikes: report
Grab calls off proposed acquisition of Singapore taxi operator Trans-cab
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said in the statement on Thursday evening that both Grab and Trans-cab had notified it on July 22… Continue reading Grab calls off proposed acquisition of Singapore taxi operator Trans-cab
BPEA Credit commits $30m to Indian precision manufacturer DMW GroupThe funds will be used by DMW Group for its capex and working capital needs.
Asian mid-market performing credit platform BPEA Credit has committed to investing Rs 250 crore ($29.8 million) in DMW Group, a precision manufacturer of components for the automotive, agricultural, aerospace, flow control, and railway sectors. DMW recently bought a controlling stake in a foundry business to integrate backwards into the value chain and increase the overall… Continue reading BPEA Credit commits $30m to Indian precision manufacturer DMW GroupThe funds will be used by DMW Group for its capex and working capital needs.