Author: Deal Street Asia Online News

Bain Capital ups bid for Australia’s Insignia to $1.8b, matching CC CapitalUnder the offer, Insignia shareholders will receive A$4.30 per share.

Australia’s Insignia Financial said on Monday that private equity firm Bain Capital has sweetened its bid for the 178-year-old wealth manager, now valuing it at A$2.87 billion ($1.76 billion), matching CC Capital’s bid as the bidding war heats up between the two suitors. Under the offer, Insignia shareholders will receive A$4.30 per share, a 7.5%… Continue reading Bain Capital ups bid for Australia’s Insignia to $1.8b, matching CC CapitalUnder the offer, Insignia shareholders will receive A$4.30 per share.

HK’s Betatron Venture Group leads construction tech firm Varadise’s Series A roundThe Series A round also saw the participation of the Innovation and …

Hong Kong’s construction tech firm Varadise has secured $3 million in a Series A financing round led by early-stage venture capital firm Betatron Venture Group, as it charts international expansion plans into Southeast Asia, Mainland China, and the Middle East. The Series A round also saw the participation of the Innovation and Technology Venture Fund… Continue reading HK’s Betatron Venture Group leads construction tech firm Varadise’s Series A roundThe Series A round also saw the participation of the Innovation and …

Indian NBFC Infinity Fincorp raises $35m funding led by SG-based Jungle VenturesJungle Ventures led a $26m funding round in the company last year.

Infinity Fincorp Solutions, an NBFC specialising in tailored property loans for MSMEs, said it has raised $35 million in a funding round led by existing investor Jungle Ventures, a Singapore-based independent VC firm. Infinity, which operates in eight Indian states, lends to micro-entrepreneurs like tea shop owners, vegetable vendors, small machine enterprises, restaurants, provision stores,… Continue reading Indian NBFC Infinity Fincorp raises $35m funding led by SG-based Jungle VenturesJungle Ventures led a $26m funding round in the company last year.

Japan’s NTT ropes in banks for $1b data centre REIT IPO in SingaporeThe proposed listing could be the biggest in Singapore since the $977 million IPO …

Japan’s Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a $1 billion data centre real estate investment trust listing in Singapore, two sources with knowledge of the matter said. The listing, which sources said was likely to take place in the second half of 2025, could help spur IPO activity in Singapore, where $152.3 million in IPO proceeds were raised last… Continue reading Japan’s NTT ropes in banks for $1b data centre REIT IPO in SingaporeThe proposed listing could be the biggest in Singapore since the $977 million IPO …

Kotak fund injects $109m into Indian IPO-hopeful Neuberg DiagnosticsThe investment was from Strategic Situations Fund II.

Kotak Investment Advisors Limited (KIAL), the alternative assets arm of Kotak Mahindra Group, said it has invested Rs 940 crore ($109.4 million) in India’s Neuberg Diagnostics, as it readies itself to list on the Indian bourses. Neuberg has over 250 labs in 250 Indian cities and claims to be the second-largest genomics player in India… Continue reading Kotak fund injects $109m into Indian IPO-hopeful Neuberg DiagnosticsThe investment was from Strategic Situations Fund II.

Apollo weighs $9.5b investment in Seven & i management buyout: reportThe founding family will invest 500b yen and Itochu over 1 trillion yen, Bloomber…

Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan’s Seven & i Holdings, Bloomberg News said on Friday, citing several people with knowledge of the matter. Under the plan, Seven & i’s founding family will invest 500 billion yen in equity, trading company Itochu… Continue reading Apollo weighs $9.5b investment in Seven & i management buyout: reportThe founding family will invest 500b yen and Itochu over 1 trillion yen, Bloomber…

IFC likely to lead AND Global’s Series B round with $7m investmentAND Global, through LendMN, operates a digital lending business in Mongolia.

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India’s Adani to sell up to 20% stake in Wilmar joint ventureAdani will sell up to 13.5% to the public.

India’s Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company. Adani, which holds a nearly 44% stake in the joint venture with Singapore’s Wilmar… Continue reading India’s Adani to sell up to 20% stake in Wilmar joint ventureAdani will sell up to 13.5% to the public.