Abu Dhabi-based Aliph Capital, the Middle East’s first female-led private equity firm, said on Thursday it had completed a 100% buyout of UAE business The Pet Shop from Kasamar Holdings. The investment, the value of which was not disclosed, is the first under the firm’s Aliph Fund I (LP), in which Abu Dhabi sovereign wealth… Continue reading Female-led PE firm Aliph Capital buys The Pet Shop under first fund
Author: Deal Street Asia Online News
Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
US investment fund Blackstone Inc said on Thursday it would buy a 52% stake in India’s R Systems International from the IT services company’s promoters for $359 million. Blackstone said it would pay 245 rupees per R Systems share, a premium of around 4% to the closing price on Wednesday. But, R Systems‘ shares shot up about 17% to 275.25… Continue reading Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
Anicut Capital co-leads $7m funding in Chargeup and India deals worth $267m
Chargeup, which provides financing and battery-as-a-service offerings, on Thursday announced that it has raised $7 million in a pre-Series A1 funding round led by Capital-A and Anicut Capital. The financing also saw the participation of investors including Ekta Kapoor, Sunil Kalra, and Sachin Mehra. Go to Source
India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Fintech lender Aye Finance on Wednesday announced that it has raised about $10.7 million (Rs 87 crore) in debt funding from Swiss impact investor BlueOrchard. Separately, corporate social responsibility (CSR) platform Goodera has raised $10 million in fresh funding. BlueOrchard invests in Aye Finance Fintech lender Aye Finance on Wednesday announced that it has raised… Continue reading India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Indonesian regulator orders exchanges to stop trading FTX tokens
Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration Reuters 17 November, 2022 Indonesia has ordered crypto exchanges in the country to stop trading the FTX tokens following its bankruptcy filing in U.S. court, the sector’s regulator said in a… Continue reading Indonesian regulator orders exchanges to stop trading FTX tokens
Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m
Shares of the already-battered Paytm dropped around 10% in morning trade on the Indian bourses on Thursday, following reports that Japanese conglomerate SoftBank Group is looking to sell shares worth $200 million. The one-year lock-in period for investors in the fintech firm, which listed on November 18 2021, will soon end. SoftBank had invested $1.6… Continue reading Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m
Full contagion impact of FTX collapse still to show, says Coinbase CFOThere will be a drive towards regulation both in the US and globally, she says.
The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried’s FTX was yet to come out, Coinbase Global Inc Chief Financial Officer Alesia Haas told the Wall Street Journal on Wednesday. “What we are seeing now is a fallout of FTX is becoming much more like the 2008 financial crisis where it’s exposing poor credit practices and is exposing… Continue reading Full contagion impact of FTX collapse still to show, says Coinbase CFOThere will be a drive towards regulation both in the US and globally, she says.
Germany-based Patrizia launches $1b Japan rental residential fundThe Singapore-domiciled fund is targeting Greater Tokyo and other major cities in Jap…
Patrizia, a German real estate investment manager, has set up a 1-billion-euro (around $1 billion)acquisition vehicle to hunt for core-plus and value-add opportunities in Japan’s multifamily sector, per an announcement. With fresh capital injection from a major Asian institutional investor, whose identity is not disclosed, the Singapore-domiciled fund is targeting Greater Tokyo and other major… Continue reading Germany-based Patrizia launches $1b Japan rental residential fundThe Singapore-domiciled fund is targeting Greater Tokyo and other major cities in Jap…
Cautious spending, retail partners help Grab hit EBITDA breakeven in deliveriesGrab partners retailers like Jaya Grocer in Malaysia and PT Trans Retai…
Investors in Southeast Asian superapp Grab — who have seen the price of the company’s Nasdaq-listed shares more than halve this year — may finally get to see light at the end of the tunnel. The Singapore-based company’s third quarter results showed some signs that the company is moving towards profitability, at least in some… Continue reading Cautious spending, retail partners help Grab hit EBITDA breakeven in deliveriesGrab partners retailers like Jaya Grocer in Malaysia and PT Trans Retai…
Dutch lender FMO mulls $50m loan for Mongolia’s XacBank
Dutch entrepreneurial development bank FMO has proposed extending a $50-million loan to XacBank, Mongolia’s fifth-largest bank in terms of total assets, it said in a disclosure. The proposed senior unsecured loan aims to fund the growth of XacBank’s SME portfolio, especially in green lending and loans to women-owned SMEs. Go to Source