Blackstone Inc said redemptions from its $50-billion non-traded business development company reached its pre-set limit for the first time, but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last… Continue reading Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
Author: Deal Street Asia Online News
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Moglix is in discussions to raise $100-150 million from new and existing investors, while Investcorp is close to leading a $45-million funding round in Wakefit, Mint reported. Kimera could lead Moglix’s round B2B e-commerce platform for manufacturing goods, Moglix, is in discussions to raise $100-150 million from new and existing investors in a fresh round… Continue reading India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Vietnamese commercial lender HDBank is seeking to raise $500 million via convertible bonds, and to increase its foreign ownership limit from 18% to 20%, according to a statement. The plan is subject to approval from the bank’s shareholders. The bank will use the proceeds from the issuance for its medium- and long-term capital needs, enhancing… Continue reading Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Partners Group to sell Australia’s CWP Renewables to Squadron Wind EnergyThe deal is reportedly worth more than $2.7m.
Global private equity major Partners Group announced that it has agreed to sell Australian wind farms company CWP Renewables to local energy firm Squadron Wind Energy Assets. The announcement did not provide financial details of the acquisition but an AFR report on Tuesday said the transaction is expected to be worth more than A$4 billion… Continue reading Partners Group to sell Australia’s CWP Renewables to Squadron Wind EnergyThe deal is reportedly worth more than $2.7m.
Vietnamese EV maker VinFast files for Nasdaq IPOVinFast will convert to a Singapore public limited company and will be known as VinFast Auto Ltd.
Vietnam-based electric-vehicle maker VinFast said on Tuesday that it has filed for an initial public offering in the United States and plans to list its ordinary shares on the Nasdaq under ticker symbol “VFS”. For the IPO, the company said it will convert to a Singapore public limited company and will be known as VinFast Auto Ltd, while the… Continue reading Vietnamese EV maker VinFast files for Nasdaq IPOVinFast will convert to a Singapore public limited company and will be known as VinFast Auto Ltd.
AXA IM Alts acquires 15 nursing homes in Japan for $163m
Global alternative investment manager AXA IM Alts has officially forayed into the Japanese care home market following its acquisition of a portfolio of 15 nursing homes in the country for €156 million (about $163 million). In a statement, AXA IM Alts said the transaction, which is its first in the sector in Japan, involves over… Continue reading AXA IM Alts acquires 15 nursing homes in Japan for $163m
Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
Amid speculation that Chinese e-commerce giant JD could be looking at a potential exit from Indonesia and Thailand as early as Q1 next year, industry experts indicated that excessive focus on quality and lack of a competitive edge could be hurting its business in Southeast Asia’s largest economy. Ming Yii Lai, a senior consultant at… Continue reading Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Sequoia India-backed online gaming platform Mobile Premier League (MPL) recorded a 29% increase in group revenue in the financial year ended March 31, 2022, according to its latest regulatory filings. The company narrowed its total comprehensive loss slightly to $195.2 million from $199.5 million a year ago, its filings with Singapore’s Accounting and Corporate Regulatory… Continue reading India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Australia’s Mandalay Venture Partners hits $10m first close of debut Asia agrifood fund
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UK-based asset manager ICG appoints APAC infrastructure investment teamThe team comprises five people based in Singapore and Sydney.
UK-based alternative asset manager ICG has formed an Asia-Pacific infrastructure equity team focusing on mid-market transactions, corporate-led deals, and scaling platforms, per an announcement. The new team, comprising five investment professionals based in Singapore and Sydney, will be led by Devarshi Das as managing director and head of Asia-Pacific Infrastructure Equity, the firm said. Prior… Continue reading UK-based asset manager ICG appoints APAC infrastructure investment teamThe team comprises five people based in Singapore and Sydney.