China’s securities regulator said on Monday it would allow China- and Hong Kong-listed Chinese property developers to sell additional shares to acquire real estate assets, replenish working capital, or repay debts, lifting a ban on such refinancing to help stabilize the economy. The China Securities Regulatory Commission (CSRC) said it would also promote financing by… Continue reading China broadens equity financing channels for property developers to aid economy
Author: Deal Street Asia Online News
SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
Temasek-backed Vertex Ventures is nearing the first close of its $450-million fifth fund for Southeast Asia and India, according to sources close to the development. DealStreetAsia understands that Vertex has secured around $380-400 million in capital commitments from major institutional investors. Singapore state investor Temasek Holdings is said to be contributing roughly $100 million to… Continue reading SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
TA Associates prefers to invest in profitable Indian businesses, says top exec
American private equity (PE) giant TA Associates is betting big on sectors such as financial services, healthcare, technology, and consumer in India, as it carves out an investment strategy from its latest $12.5-billion fund. So far this year in India, TA Associates has invested in biopharma-focused tech services company Zifo RnD Solutions. The transaction, which… Continue reading TA Associates prefers to invest in profitable Indian businesses, says top exec
People Digest: WhatsApp appoints GoPlay ex-boss as Indonesia head; PayMongo CEO to step down
While WhatsApp has appointed GoPlay’s ex-boss Calvin Kizana as its first head of Indonesia, PayMongo co-founder and CEO Francis Plaza will be stepping down over allegations of misconduct. Calvin Kizana named WhatsApp’s Indonesia head WhatsApp has appointed Calvin Kizana, who was the former chief operating officer at Gojek’s live-streaming arm GoPlay, as its Indonesia head.… Continue reading People Digest: WhatsApp appoints GoPlay ex-boss as Indonesia head; PayMongo CEO to step down
Indian PE Motilal Oswal Alternates invests $56m in Shapoorji Pallonji Real EstateThe PE firm’s cumulative AUM for real estate currently stand at over …
India-focused fund manager Motilal Oswal Alternates has invested Rs 450 crore (about $56 million) in two projects of Shapoorji Pallonji Real Estate, per an announcement. While one is a commercial project, the other is a residential township. The commercial one called SP Infocity is located near Manesar in Gurugram. It is partially completed, operational and… Continue reading Indian PE Motilal Oswal Alternates invests $56m in Shapoorji Pallonji Real EstateThe PE firm’s cumulative AUM for real estate currently stand at over …
PE giant Carlyle raises more than $3b for pan-European tech fund
US buyout firm Carlyle Group has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of “pockets of life” in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters. Focused on lower mid-market and growth technology companies across Europe, the fund, called CETP V, has… Continue reading PE giant Carlyle raises more than $3b for pan-European tech fund
Evergrande aims to win approval for restructuring proposals by March
Embattled property developer China Evergrande Group aims to win creditors’ approval for its debt restructuring proposals by as early as the end of February, the company’s lawyers said on Monday. Once China’s top-selling developer, Evergrande is now at the centre of the country’s property crisis. Its $22.7 billion of offshore debt, including loans and private… Continue reading Evergrande aims to win approval for restructuring proposals by March
Cargill-backed Proterra Asia closes Food Fund 3 at over $200mFood Fund 3 was launched in May 2019 but closed only on Oct 26, 2022.
Proterra Investment Partners’s Asian subsidiary, Proterra Asia, has closed its third food fund at over $200 million, according to a statement. The food and agribusiness-focused private equity firm drew in limited partners (LPs) from institutional investors, international and regional foundations, and family offices from Europe and Asia. The Development Bank of Japan (DBJ) also joined… Continue reading Cargill-backed Proterra Asia closes Food Fund 3 at over $200mFood Fund 3 was launched in May 2019 but closed only on Oct 26, 2022.
PAG, Platinum among bidders for Advent’s stake in Singapore tuition chain
Private equity firms PAG and Platinum Equity are among bidders vying for Advent International’s stake in Singaporean tuition chain The Learning Lab that could fetch up to $500 million, two sources with knowledge of the matter told Reuters. The sale process, which is being run by Rothschild & Co, has entered a second round of… Continue reading PAG, Platinum among bidders for Advent’s stake in Singapore tuition chain
India Digest: Simplilearn acquires Fullstack; PhonePe to buy ZestMoney
Blackstone-backed Simplilearn has acquired US-based Fullstack Academy, while Flipkart-owned PhonePe is understood to be acquiring ZestMoney. Simplilearn acquires US edtech firm Fullstack Simplilearn, a higher edtech platform backed by private equity firm Blackstone, has acquired US-based bootcamp education company Fullstack Academy. The acquisition will help the Indian startup strengthen its presence in North America at… Continue reading India Digest: Simplilearn acquires Fullstack; PhonePe to buy ZestMoney