Singapore-based private exchange ADDX has raised an extension of $20 million to its pre-Series B funding round led by KB Securities, a South Korean investment bank under KB Financial Group. With the total funds raised amounting to around $140 million, the startup plans to deploy its fresh fundings to develop ADDX advantage, its wealth management… Continue reading SG private exchange ADDX secures $20m from KB Securities in upsized pre-Series B
Author: Deal Street Asia Online News
Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
Australia’s Nitro Software said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc’s Alludo to be “superior” to an earlier bid from major shareholder Potentia Capital Management. In late October, the company took on an offer from Alludo at A$2.00 per share, which it said was an 11% premium to tech-focused private equity firm Potentia’s offer of A$1.80 per share. Nitro in a statement said… Continue reading Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
TPG said to have appointed SE Asia co-head to tap region’s increasing opportunities
TPG Capital Asia is understood to be strengthening its investment activity in the region as its partner, Dominic Picone, has recently taken on an additional role as co-head of Southeast Asia, DealStreetAsia has learnt. The appointment comes at a time of continued growth in investment opportunities in Southeast Asia, said a source privy to the… Continue reading TPG said to have appointed SE Asia co-head to tap region’s increasing opportunities
New omnibus bill proposes broad changes to Indonesia’s financial sector
Indonesia’s new omnibus bill, which seeks to provide an updated regulatory framework for the financial services sector, has been met with concerns and critical observations from the players in the industry due to the changes it proposes. The bill covers all segments of financial services including banking, capital markets, insurance, financing companies, venture capital, pension… Continue reading New omnibus bill proposes broad changes to Indonesia’s financial sector
DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
Shared electric mobility-as-a-service (MaaS) startup Yulu has secured a loan worth $9 million (Rs 73 crore) from the US International Development Finance Corporation (DFC), it announced on Monday. The funds will help Yulu move closer to its vision of enabling green last-mile mobility for people movement and goods deliveries, it said in a statement. Go… Continue reading DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
India Resurgence Fund invests $68m in restaurant-operator ImpresarioImpresario received an investment from L Catterton in 2017.
India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises Limited and Bain Capital, on Monday announced that it has invested about $68 million (Rs550 crores) in Impresario Entertainment and Hospitality Private Limited. Following the transaction, IndiaRF has become the majority shareholder of Impresario, it said in a statement. The fresh capital will… Continue reading India Resurgence Fund invests $68m in restaurant-operator ImpresarioImpresario received an investment from L Catterton in 2017.
Temasek said to be weighing sale of Advanced MedTech at around $1b valuation
Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been tapped to launch a sale process for Singapore-headquartered MedTech, which could be valued at roughly $1 billion, two of… Continue reading Temasek said to be weighing sale of Advanced MedTech at around $1b valuation
Indonesia’s SWF, China’s CATL, CMBI to set up $2b fund for electric vehicles
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Renewables-focused Alcazar Energy Partners II raises $337m from AIIB, othersThe fund is aiming to achieve up to $500m in its final closing.
The Middle East-focussed power producer and developer Alcazar Energy Partners has received $337 million for its fund Alcazar Energy Partners II, which targets solar and onshore wind technologies. The fund, which is aiming to achieve up to $500 million in its final closing, with a hard cap of $650 million, will deploy capital in clean… Continue reading Renewables-focused Alcazar Energy Partners II raises $337m from AIIB, othersThe fund is aiming to achieve up to $500m in its final closing.
SaaS startup Lentra raises $60m, HDFC partially divests stake
SaaS platform Lentra said on Monday that it has raised $60 million as part of its Series B funding round led by Bessemer Venture Partners, and SIG Venture Capital at a valuation of over $400 million. Incorporated in July 2018, Lentra is in the business of designing, developing, licensing, and implementing software products for the… Continue reading SaaS startup Lentra raises $60m, HDFC partially divests stake