Author: Deal Street Asia Online News

Australia’s Macquarie to buy 15% in Applied Digital’s computing businessThe bank will invest up to $5b in Applied Digital’s AI data centres.

Australia’s Macquarie on Tuesday agreed to take a 15% stake in Applied Digital’s high-performance computing business and invest up to $5 billion in the company’s artificial intelligence data centers amid booming AI demand. Shares of Applied Digital rose about 20% before the opening bell. Since the launch of ChatGPT in late 2022, providers of computing infrastructure like… Continue reading Australia’s Macquarie to buy 15% in Applied Digital’s computing businessThe bank will invest up to $5b in Applied Digital’s AI data centres.

Oriza’s semiconductor investment platform achieves first close of debut M&A fundThe fund is expected to hit the final close in Q2, with a final target…

Oriza Hua, the integrated circuit (IC) industry investment platform of state-owned Oriza Holding, has held the first close of its debut merger and acquisition (M&A) fund at 1.2 billion yuan ($163.7 million). Oriza Hua has so far roped in its parent Oriza Holding; state-owned Anhui Provincial Emerging Industry Investment; as well as several listed Chinese… Continue reading Oriza’s semiconductor investment platform achieves first close of debut M&A fundThe fund is expected to hit the final close in Q2, with a final target…

Indonesian AI startup Bythen secures $5m funding led by Vector Inc, Skystar CapitalThe round also saw support from prominent investors such as East Ve…

Bythen, an Indonesian AI startup for virtual creators, has announced a $5-million seed financing round led by Japan’s Vector Inc. and Indonesia’s VC Skystar Capital, according to an announcement on Tuesday. The round also saw support from prominent investors such as East Ventures, BEENEXT, OSK, and AppWorks, as well as angel investors including William Tanuwijaya,… Continue reading Indonesian AI startup Bythen secures $5m funding led by Vector Inc, Skystar CapitalThe round also saw support from prominent investors such as East Ve…

PAG acquires majority stake in Indian packaging firm Pravesha IndustriesPAG has also signed definitive documents to invest in Manjushree Technopack.

Asia-focused private equity firm PAG said on Monday that it has acquired a majority stake in Indian pharmaceutical packaging company Pravesha Industries, according to a statement. Financial details were not disclosed in the statement. A source with knowledge of the matter said the deal gave Pravesha an enterprise value of $200 million. PAG and Pravesha declined to comment.… Continue reading PAG acquires majority stake in Indian packaging firm Pravesha IndustriesPAG has also signed definitive documents to invest in Manjushree Technopack.

Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.

The private equity business of Vietnam-based Asia Business Builders (ABB) has closed its second fund with $70 million in capital commitment, lower than its initial target of $100 million. Asia Business Builders II LP attracted new limited partners, including Dutch development bank FMO, Pavilion Capital, the International Finance Corporation (IFC), Australian Development Investments, and several… Continue reading Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.

India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.

Groww is looking at a potential initial public offering (IPO) to raise around $700 million, while Ather Energy is set to value itself at as much as $2.4 billion in its upcoming IPO, per media reports. Groww in talks with bankers for IPO Indian stockbroking platform Groww has held talks with a clutch of investment… Continue reading India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.

India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…

India’s boba tea and Korean fusion food brand Boba Bhai on Monday said it has raised Rs 30 crore ($3.5 million) in a Series A round led by 8i Ventures, aiming to expand to new cities and capture the Gen Z and Millennial market. The round also saw participation from Titan Capital Winners Fund, Global… Continue reading India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…

PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.

Swedish investment house EQT Group has anchored the $70-million Series C funding round in Hong Kong-headquartered surgical robotics firm Cornerstone Robotics, according to an announcement. The round also saw the participation of a number of venture investors, including Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC,… Continue reading PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.