Private equity firm Advent International on Monday said it has signed an agreement to buy a majority stake in India’s Suven Pharmaceuticals from the Jasti family. Advent will also launch an open offer for an additional 26%, according to media reports. Advent is likely to pay Rs 504 a share to buy the promoters’ stake… Continue reading Advent to pick majority stake in India’s Suven Pharma
Author: Deal Street Asia Online News
South Korea’s SK Group denies report on sale of assets in Vietnam, MalaysiaSK has stakes in Vingroup, Masan, and BigPay, among other firms.
South Korean behemoth SK Group has denied a report that it was seeking the disposal of several assets in Southeast Asia. The Korea Economic Daily had reported on Sunday that SK was considering the sale of its stake in six companies in Vietnam and one in Malaysia, including a 6.1% stake in Vietnam’s largest conglomerate Vingroup,… Continue reading South Korea’s SK Group denies report on sale of assets in Vietnam, MalaysiaSK has stakes in Vingroup, Masan, and BigPay, among other firms.
Summit Video: In a tough market, some LPs may be reviewing their PE allocations
Amid a tough market environment, as the relative weight of private assets has risen, some LPs may be reviewing their allocations to private equity, Francois Pictet, managing partner at Pictet Group, said at the Asia PE-VC Summit 2022, organised by DealStreetAsia in Singapore on September 27-28. He was speaking at a session titled “The LP… Continue reading Summit Video: In a tough market, some LPs may be reviewing their PE allocations
Summit Video: Amid global turmoil, India is much better positioned than other geographies
Even as global macroeconomic headwinds derailed dealmaking momentum in 2022, India is much better positioned than other global economies, said venture capitalists in a virtual panel discussion, titled ‘From unicorn frenzy, the balance tilts to sustainable business models in India‘, at DealStreetAsia’s Asia PE-VC Summit 2022 held in September. However, India is not immune to the… Continue reading Summit Video: Amid global turmoil, India is much better positioned than other geographies
Summit Video: Top VCs discuss the gender diversity problem facing the industry
(L to R): Rishika Chandan, managing director, Venturi Partners; Pinn Lawjindakul, partner, Lightspeed Venture Partners; and Cristina Ventura, general partner & chief catalyst officer, White Star Capital at a panel titled ‘VCs have a diversity problem. What can they do to bridge the gap?’ moderated by Deepshikha Monga, Editor, DealStreetAsia at the Asia PE-VC Summit… Continue reading Summit Video: Top VCs discuss the gender diversity problem facing the industry
Summit Video: India’s SaaS firms can serve both domestic and global demand“For SMBs, Asia is a great place to build for the world,” said Nishant Rao.
(L toR) Mohan Kumar, managing partner, Avataar Ventures; Kabir Narang, founding general partner, B Capital Group; Cyrus Driver, managing director, Partners Group; and Nishant Rao, ex-managing director, LinkedIn at a panel session titled ‘The opportunity for cross-border SaaS play’ at the Asia PE-VC Summit 2022 Go to Source
Summit video: Top executive explains GoTo’s three-pronged approach to profitability“We cannot spread too thin at this point; we need to have a strongh…
Spending wisely, increasing app revenues and doing promos efficiently — that’s how Indonesian tech giant GoTo plans to achieve profitability, according to Catherine Hindra Sutjahyo, GoTo’s director/head of foods and Indonesia sales and operations. In a fireside chat at DealStreetAsia’s Asia PE-VC Summit 2022, Catherine said: “We cannot spread too thin at this point; we need to have… Continue reading Summit video: Top executive explains GoTo’s three-pronged approach to profitability“We cannot spread too thin at this point; we need to have a strongh…
India’s crypto dreams hinge on lower taxation, regulatory clarity
Public perception regarding blockchain and cryptocurrency remains mixed in India. Some of the negative sentiment has a lot to do with the recent disasters of FTX, Three Arrows Capital, Vauld, Voyager Digital, and BlockFi, which have shaken the industry and given sceptics, and hesitant regulators, one more reason not to embrace the asset class. Go… Continue reading India’s crypto dreams hinge on lower taxation, regulatory clarity
There could be a pickup in exit activity in India in 2023: Bain Capital
Even as India is not totally immune to the global recession, it is more resilient compared to other economies. “India does not face the sort of geopolitical and policy concerns that global investors deal with in other markets. This makes the country more likely to get a higher share of foreign capital flows,” Pavninder Singh,… Continue reading There could be a pickup in exit activity in India in 2023: Bain Capital
Russia-linked Sistema Asia Capital struggles to sell portfolio; CEO quits“Nobody wants to be seen as giving Russians money now.”
Sistema Asia Capital, the venture arm of Russian private investment firm Sistema PJSFC, has been caught in a liquidity limbo as the firm struggles to find buyers for its Asian portfolio. According to several sources aware of the development, Sistema Asia Capital placed its India and Southeast Asian venture portfolio on the secondary market after… Continue reading Russia-linked Sistema Asia Capital struggles to sell portfolio; CEO quits“Nobody wants to be seen as giving Russians money now.”