Drone-based business intelligence provider Aereo has raised $15 million in a Series B round of funding led by 360 ONE (IIFL). Separately, Zensar Technologies has announced the acquisition of BridgeView Life Sciences, an American IT and operations services firm, in an all-cash deal. Aereo snags $15m from 360 ONE Drone-based business intelligence provider Aereo has… Continue reading India Digest: Aereo snags $15m from 360 ONE; Zensar acquires US firm
Author: Deal Street Asia Online News
Geopolitics overtakes inflation at top of sovereign wealth fund worry list
Geopolitical rivalries, including brewing trade battles between the United States and China, now trump inflation as the biggest worry for sovereign wealth funds and central banks managing some $22 trillion in assets, an Invesco survey published on Monday showed. The ratcheting up of conflict – from Russia’s war in Ukraine to trade restrictions – has… Continue reading Geopolitics overtakes inflation at top of sovereign wealth fund worry list
StanChart-linked China Bohai seeks to dispose of $4b in bad loans
China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non-performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets. The Tianjin-based bank, 16.2% owned by British lender Standard Chartered, expects a financial hit of 3.9 billion yuan… Continue reading StanChart-linked China Bohai seeks to dispose of $4b in bad loans
Goldman Sachs names Jaehoon Ahn as South Korea’s new investment banking head
Goldman Sachs said on Monday it has appointed Jaehoon Ahn as head of investment banking in South Korea, the latest move by the Wall Street bank to bolster its investment banking leadership in the region. He will also serve as the bank’s co-country head of Korea, and co-branch manager of Goldman Sachs Asia at its… Continue reading Goldman Sachs names Jaehoon Ahn as South Korea’s new investment banking head
PE firm Stonepeak to acquire NZ’s Arvida Group in $746m dealStonepeak, which has assets of around $71.2 billion, said it is offering NZ$1.70 per Arvid…
US-based private equity firm Stonepeak will buy out New Zealand’s Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt as the investment firm looks to cash in on the demand for retirement living and aged care services. Stonepeak, which has assets of around $71.2 billion, late Sunday said it is offering NZ$1.70 per Arvida share,… Continue reading PE firm Stonepeak to acquire NZ’s Arvida Group in $746m dealStonepeak, which has assets of around $71.2 billion, said it is offering NZ$1.70 per Arvid…
The LP View: RMB fund managers face steep learning curve to woo China’s rising state LPsGPs looking to capture China’s rising RMB opportunities will n…
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65 Equity Partners, AC Ventures said to weigh investment in Temasek-backed Oatside
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Indonesian VCs optimistic about startup fundraising as valuations moderate
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Philippines live-streaming startup Kumu’s losses widened 3.7x in 2022
Kumu Holdings, the holding company of Philippines-based live-streaming startup Kumu, saw its losses swell 3.7x even as its revenue increased 140% during the financial year ended December 31, 2022, according to filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
Charticle: June records highest fundraise by Indian startups in first half of 2024
June witnessed the highest funding raised by Indian startups in the first six months of the current year. However, the number of deals sealed in the month was the second lowest after March. Indian startups raised $2.24 billion in June compared to $1.85 billion in May 2024. The funding raised by startups in May and… Continue reading Charticle: June records highest fundraise by Indian startups in first half of 2024