(L to R) Deepshikha Monga, editor, DealStreetAsia; Kenneth Cheong, managing director, Baring Private Equity Asia Pte; Nainesh Jaisingh, founding partner & CEO Affirma Capital; Eddie Ong, deputy chief investment officer and managing director (private investments) at SeaTown Holdings; and Doug Coulter, partner and head of PE, Asia-Pacific, at LGT Capital Partners at a session titled… Continue reading [Summit video] What makes Asia attractive to PE firms despite the challenges?
Author: Deal Street Asia Online News
PH Digest: Coins.ph bags another central bank licence; FPH acquires Medical Services of America’s local unit
Philippine crypto wallet Coins.ph said it has received a virtual currency exchange licence from the central bank, while FPH has agreed to acquire the local subsidiary of Medical Services of America (MSA). Coins.ph gets virtual currency exchange licence Philippine fiat and crypto wallet services provider Coins.ph has announced that the Bangko Sentral ng Pilipinas (BSP),… Continue reading PH Digest: Coins.ph bags another central bank licence; FPH acquires Medical Services of America’s local unit
GoTo sells stake in Indonesian retailer Alfamart to focus on core business
PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest tech group, said on Wednesday that it has sold stake in local retailer PT Sumber Alfaria Trijaya Tbk, popularly known as Alfamart, worth 1.5 trillion rupiah ($96 million). DealStreetAsia understands that GoTo still retains a minority stake in the local retailer. “Alfamart has performed strongly, providing us… Continue reading GoTo sells stake in Indonesian retailer Alfamart to focus on core business
Australia’s TPG Telecom plunges as email hack targets business users’ crypto, financial infoThe incident is the latest in a series of high-profile hac…
Australia’s No. 2 internet services provider TPG Telecom Ltd said on Wednesday it had been notified of unauthorised access to a hosted exchange service that hosts email accounts of upto 15,000 business customers, dragging its shares over 5%. The incident is the latest in a series of high-profile hacks in Australia, including the country’s second-largest… Continue reading Australia’s TPG Telecom plunges as email hack targets business users’ crypto, financial infoThe incident is the latest in a series of high-profile hac…
Malaysian nutrition firm Wellous to list in US following $270m SPAC deal
Wellous, a Malaysia-based health food and nutrition company, will go public in the US following a merger with Nasdaq-listed special purpose acquisition company (SPAC) Kairous Acquisition Corp. The merged entity will be called Wellous Group Holdings Ltd. and its ordinary shares will be listed on Nasdaq, according to an announcement on Wednesday. According to the… Continue reading Malaysian nutrition firm Wellous to list in US following $270m SPAC deal
SEA Digest: Widjaja family office leads Alio round; Eratani closes $3.8m seed funding
US-based medical technology company Alio has raised $18 million in Series C financing round led by Indonesia’s Widjaja Family Investment Office. Eratani, an Indonesia-based agritech startup, announced it has closed a $3.8-million seed funding round. Alio raises $18m Series C funding Alio has raised $18 million in a Series C financing round led by the… Continue reading SEA Digest: Widjaja family office leads Alio round; Eratani closes $3.8m seed funding
Paytm’s board unanimously approves $103m share buyback
SoftBank-backed digital payments firm Paytm said on Tuesday its board unanimously approved a share buyback worth up to 8.5 billion rupees ($103.06 million), as it looks to build investor confidence and shore up its battered stock price. The buyback will be priced at a maximum of 810 rupees per share, 50.2% higher than the stock’s… Continue reading Paytm’s board unanimously approves $103m share buyback
FTX’s Bankman-Fried fights incarceration in sweltering Bahamas courtroom
Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to the US. He was ultimately… Continue reading FTX’s Bankman-Fried fights incarceration in sweltering Bahamas courtroom
Oregon pension commits $315m to CVC Asia VI, GGV Capital fundsIt has also reportedly committed $150 million to GGV Capital funds.
Oregon Investment Council (OIC), which oversees the $94-billion Oregon Public Employees Retirement System, has made a combined $165 million commitment to Luxembourg-based private equity CVC Capital Partners’ sixth Asia fund, per the council’s recent board meeting. The commitments included $150 million from the pension fund and another $15 million from the Common School Fund, which… Continue reading Oregon pension commits $315m to CVC Asia VI, GGV Capital fundsIt has also reportedly committed $150 million to GGV Capital funds.
Indian software firm eNTrust buys PH-based Eximius BPO
Indian software firm eNTrust has acquired the Philippines-based Eximius BPO for an undisclosed amount in an all-cash deal after getting the requisite regulatory approvals. The Reserve Bank of India’s new rules on overseas direct investment (ODI) make it mandatory for firms to get its approval for overseas mergers and acquisitions. Go to Source