SC Capital Partners, a Singapore-based private equity real estate fund manager, has formed a $2-billion joint investment programme for data centres in the Asia-Pacific with a subsidiary of the Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund. The new setup will target digital infrastructure in Japan, South Korea, Singapore, and Australia and… Continue reading SC Capital Partners, ADIA team up for $2b data centre programme
Author: Deal Street Asia Online News
China’s Fosun may sell stake in Alibaba’s logistics arm Cainiao
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said. Fosun has appointed a financial adviser to run the sale of its stake of less than 5% in Cainiao and the plan is at an early stage, said the sources, who… Continue reading China’s Fosun may sell stake in Alibaba’s logistics arm Cainiao
India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m
D2C omnichannel ayurveda brand The Ayurveda Co has raised $15 million in a Series A funding round, while health-tech AI platform RedBrick AI said it has raised $4.6 million in seed funding led by Sequoia India and Southeast Asia’s Surge. The Ayurveda Co raises $15m in Series A The Ayurveda Co has raised $15 million… Continue reading India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m
Berkshire Hathaway sells shares worth $81m in China’s BYDThe sale lowered Berkshire’s holdings in BYD’s total issued H-shares to 15.99%.
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Transition VC launches $49m debut fund to invest in climate tech startupsThe fund is looking to invest in up to 40 early-stage startups over the next …
Bengaluru-based Transition VC, an energy transition-focused venture capital firm, has launched a $48.9 million (Rs 400 crore) debut fund, with a greenshoe option of $24.4 million, it said it a statement on Wednesday. The firm aims to make seed investments in startups that are in the segments of e-mobility, green hydrogen, energy storage, net zero… Continue reading Transition VC launches $49m debut fund to invest in climate tech startupsThe fund is looking to invest in up to 40 early-stage startups over the next …
India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding
Flipkart-owned digital payments platform PhonePe has received a fresh capital infusion of about $90 million (Rs 742 crore) from its Singapore-based parent, while apartment management solution provider MyGate has raised about $12 million in a new round co-led by Urban Company and Acko. SG parent invests in PhonePe PhonePe has received a fresh capital infusion… Continue reading India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding
Malaysia’s Affin Hwang seeks to add $5.5b assets in 3 years
Malaysian investment manager Affin Hwang Asset Management has rebranded to AHAM Asset Management (AHAM Capital), and is aiming for 100 billion ringgits (nearly $22 billion) in assets under administration (AUA) by 2025, it said in a statement. The move follows the completion of its majority sale to Luxembourg-based alternative investment firm CVC Capital Partners. AHAM… Continue reading Malaysia’s Affin Hwang seeks to add $5.5b assets in 3 years
Affirma Capital seeks to sell stake in Jordan’s Fine Hygienic Holding
Singapore-based buyout firm Affirma Capital is seeking to exit its stake in Jordan-based Fine Hygienic Holding, one of the Middle East’s largest makers of tissue and paper products, two sources told Reuters. Affirma is working with Moelis & Co to arrange the sale of its significant minority stake in the company, said the sources, who… Continue reading Affirma Capital seeks to sell stake in Jordan’s Fine Hygienic Holding
Musk may choose to build EV factory in S Korea
Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making electric vehicles (EVs), according to South Korea’s presidential office. Musk had made the remark in a video call with President Yoon Suk-yeol, adding that the company planned… Continue reading Musk may choose to build EV factory in S Korea
SG’s Wavemaker Partners appoints ex-Facebook and Stripe exec as GPAndy Hwang is also an active angel investor.
Southeast Asian venture capital firm Wavemaker Partners has appointed Andy Hwang as a general partner, according to a statement. Hwang, a longtime angel investor with stints at Facebook and Stripe, will join Wavemaker’s investment committee and work closely with managing partner Paul Santos. He will also sit on the boards of portfolio companies. Hwang is… Continue reading SG’s Wavemaker Partners appoints ex-Facebook and Stripe exec as GPAndy Hwang is also an active angel investor.