Asian buyout firm Navis Capital Partners is targeting a $350-million raising in an inaugural credit fund that will provide private lending mainly to Southeast Asian companies, two sources with direct knowledge of the matter told Reuters. The Kuala Lumpur-headquartered private equity firm will make credit investments in sustainable-focused businesses or sectors primarily in Indonesia, Vietnam,… Continue reading Asian buyout firm Navis seeks to raise $350m for maiden private credit fund
Author: Deal Street Asia Online News
Australia mulls credit card laws to regulate BNPL lenders
Australia may make buy now pay later (BNPL) providers follow responsible lending laws, including mandatory background checks of borrowers, a government paper published on Monday said, pushing the sector closer to full regulation. Consumer advocates fear lenders have outgrown borrowing laws and “the rapid growth of the BNPL industry may be contributing to poor consumer… Continue reading Australia mulls credit card laws to regulate BNPL lenders
Stonepeak cuts first Australian deal with $732m port purchase
US investment group Stonepeak said on Monday it would make its first Australian purchase by agreeing to buy GeelongPort, which sources said was worth A$1.1 billion ($732 million). Stonepeak will partner with Australian industry superannuation Spirit Super for the deal which is expected to be approved by regulators in the first quarter of 2023. The… Continue reading Stonepeak cuts first Australian deal with $732m port purchase
Xiaomi-backed Chinese EV battery maker SVOLT files for $2.1b STAR Market IPO
SVOLT Energy Technology Co Ltd, a Chinese electric vehicle (EV) battery maker that counts Xiaomi Corp and IDG Capital among its investors, has filed for an initial public offering (IPO) to raise as much as 15 billion yuan ($2.1 billion) on Shanghai’s Nasdaq-style STAR Market. SVOLT, a spinoff from Chinese automaker Great Wall Motors, filed… Continue reading Xiaomi-backed Chinese EV battery maker SVOLT files for $2.1b STAR Market IPO
Lightspeed eyes investments in climate tech startups in India, SE Asia
Lightspeed Venture Partners is aiming to allocate more capital to startups offering solutions for climate change. “We believe that the focus of climate tech has opened trillions of dollars of opportunities globally, so we’ll be focusing more on this,” said Harsha Kumar, a partner at Lightspeed. Go to Source
IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV
The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an equity investment of up to $60 million in the latest India-focused fund of Multiples Asset Management IFSC Private Limited, popularly Multiples PE, according to a disclosure. The proposed investment is for Multiples Private Equity GIFT – Fund IV, which is… Continue reading IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV
The LP View: Interest in Asia remains robust despite fundraising woes
Andy Wang, Partner, Primary Investments at Adams Street Partners in Beijing Global private markets investment manager Adams Street Partners believes limited partner (LPs) interest in Asia remains strong in spite of numbers that reflect weakened fundraising. Adams Street’s Andy Wang told DealStreetAsia in an exclusive interview: “Global entities do have plans to allocate to Asia,”… Continue reading The LP View: Interest in Asia remains robust despite fundraising woes
PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows
New York-listed PropertyGuru posted a 47% year-on-year jump in revenue in Q3 of this year to S$34.6 million ($25 million), and cut its net loss to S$7.4 million in the quarter from S$9.6 million a year ago, its latest earnings report showed. The Southeast Asian property listing platform said its overall revenue rose on the… Continue reading PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows
Thailand poised to be SE Asia’s top IPO market in 2022 as dry winter hits listingsOnly $2.5b was raised from 28 IPOs on Thailand bourses in 2022, down…
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Masayoshi Son owes $4.7b to SoftBank after stock crash
Masayoshi Son personally owes SoftBank close to $5bn because of growing losses on the Japanese conglomerate’s technology bets, which have also rendered the value of his stake in the group’s second Vision Fund worthless. The billionaire’s ballooning personal liabilities, discovered through a Financial Times analysis of SoftBank’s recent filings, comes as the world’s biggest tech… Continue reading Masayoshi Son owes $4.7b to SoftBank after stock crash