HEAL Partners, an Australia-based growth and follow-on investment firm specialising in the healthcare, education and lifestyle sectors, has closed its first fund at A$200 million ($143 million) and already launched a $350–500 million second fund. HEAL Fund I’s close doubled its initial target, the investment firm said in a statement. Launched in August 2020, the… Continue reading HEAL Partners closes $143m Fund I, seeks up to $500m for Fund IIThe second fund is expected to secure a first close in H1 2023.
Author: Deal Street Asia Online News
Indonesian parliament passes omnibus bill to strengthen central bank’s control over financial sector
Indonesia’s parliament on Thursday approved an omnibus bill aimed at strengthening and preparing the financial industry for future technology despite market concerns over potential changes in the central bank’s independence, among others. The newly passed law — known locally as P2SK, an abbreviation for development and strengthening of the financial sector — covers all segments… Continue reading Indonesian parliament passes omnibus bill to strengthen central bank’s control over financial sector
Korea Investment Corporation acquires minority stake in Golub Capital
Korea Investment Corporation (KIC), the sovereign wealth fund of South Korea, has acquired a minority stake in US-headquartered Golub Capital’s management companies, according to a statement. The minority stake, which is passive and non-voting, expands the strategic partnerships between the two firms. Financial details of the transaction were not disclosed but the announcement said it… Continue reading Korea Investment Corporation acquires minority stake in Golub Capital
Data Vantage: UnaBiz, Cooky grab funding; Sumitomo ups stake in Singlife with Aviva
Internet of Things (IoT) solutions provider UnaBiz received $22.5 million this week from investors, including SPARX Group and GK Goh Holdings. The investment is part of a recently announced $25 million extension to its Series B round. Japan-based SPARX Group now owns an over 20% stake in the firm. UnaBiz plans to use the fresh… Continue reading Data Vantage: UnaBiz, Cooky grab funding; Sumitomo ups stake in Singlife with Aviva
Indonesia sees tepid appetite for mega tech listingsSmaller tech companies with positive cash flows will be likely IPO candidates next year.
Smaller tech companies with positive cash flows are likely candidates to tap the Indonesian Stock Exchange (IDX) to raise capital next year as the overall market conditions continue to be tepid for blockbuster listings. The two mega IDX listings – GoTo and Bukalapak – have also not been able to build confidence for bigger IPOs… Continue reading Indonesia sees tepid appetite for mega tech listingsSmaller tech companies with positive cash flows will be likely IPO candidates next year.
Crypto boom helped SG’s Coinhako post over 10x revenue growth in 2021
Singapore-based cryptocurrency exchange Coinhako’s revenue surged over ten times last year as it rode a marketwide boom, show its recent regulatory filings. Founded in 2014, Coinhako is one of the oldest crypto platforms in the Asia Pacific. Users can buy or sell cryptocurrencies such as Bitcoin and Ethereum on its platform via bank transfers and… Continue reading Crypto boom helped SG’s Coinhako post over 10x revenue growth in 2021
China venture capital deals seen recovering from 3-year lows
Venture capital investment in China will likely recover gradually in 2023 after a year of battering by the country’s severe pandemic controls, a share market slump and China-U.S. tension, dealmakers and investors said. As COVID-19 restrictions come off, boosting the economy and maybe the share market, the number of deals should rise, they said. The… Continue reading China venture capital deals seen recovering from 3-year lows
Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings Ltd., according to people close to PSA’s controlling shareholder Temasek Holdings. PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. The evaluation… Continue reading Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Even as deal activity has staggered globally, early-stage investor Blume Ventures, which has backed the likes of Dunzo and Unacademy, raised a whopping $250 million for its fourth India-dedicated fund, more than double the size of its previous fund. “India is all about strong fundamentals, which may have been mispriced or overpriced, but that doesn’t… Continue reading Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Temasek, Sequoia & IDG lead Chinese PV material maker’s nearly $72m Series B+ roundLongwater Investment joined the round, while GCL Technology Holding…
GCL Optoelectronic Material, a subsidiary of Hong Kong-listed GCL Technology Holdings, one of China’s largest photovoltaic (PV) materials makers, has secured 500 million yuan ($72 million) in a Series B extension round led by Temasek Holdings, Sequoia Capital China, and IDG Capital. Longwater Investment joined the round, while GCL Technology Holdings also re-upped, according to… Continue reading Temasek, Sequoia & IDG lead Chinese PV material maker’s nearly $72m Series B+ roundLongwater Investment joined the round, while GCL Technology Holding…