Author: Deal Street Asia Online News

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

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

SoftBank shares crash on hefty Vision Fund losses

Shares in Japan’s SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half years. Analysts said, however, that the share price slide was in part a pullback from a steep rally that had been driven… Continue reading SoftBank shares crash on hefty Vision Fund losses

People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…

Warburg Pincus-backed Circles has appointed Brian Finn as chief business officer, while Chicago-based Northern Trust has appointed Alvin Chia as its head of Digital Assets Innovation for Asia-Pacific. Brian Finn joins Circles as chief business officer Singapore-based telco Circles has appointed Brian Finn as chief business officer, according to an announcement. In this role, Finn… Continue reading People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…

Binance CEO calls for stable, clear regulations for crypto industry

Dominant cryptocurrency exchange Binance‘s chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of G20 leaders at the summit in Bali. “We do need some regulations, we… Continue reading Binance CEO calls for stable, clear regulations for crypto industry

SG’s Spenmo said to be negotiating down round with investors

Singapore-based spend management software firm Spenmo is negotiating a down round less than a year after closing its Series B fundraise led by Tiger Global, sources privy to the matter told DealStreetAsia. The startup had closed its Series B round at $85.35 million in January, which had pegged its post-money valuation at $500 million. Go… Continue reading SG’s Spenmo said to be negotiating down round with investors

Germany’s BioNTech to set up mRNA vaccine facility in Singapore

BioNTech, the German biotech that developed a widely used COVID-19 vaccine with Pfizer Inc, acquired a manufacturing facility in Singapore, its first in Asia, the company said on Monday. The facility, bought from a Novartis unit, will be its first messenger ribonucleic acid, or mRNA, facility in Singapore and support its vaccines production for the Asia Pacific region, BioNTech said in a statement, without disclosing financial details. MRNA vaccines, which… Continue reading Germany’s BioNTech to set up mRNA vaccine facility in Singapore

Taiwan’s AppWorks to make first close of fourth fund this monthAppWorks, which focuses on Taiwan and SE Asia, is looking to hit the first close at $20…

Taiwan-based venture capital (VC) firm AppWorks is looking to make the first close of its fourth flagship fund at about $200 million as early as this month, its top executives told DealStreetAsia in an interview. The total corpus that the firm is targeting to raise by mid-2023 is $360 million, even as the global economic… Continue reading Taiwan’s AppWorks to make first close of fourth fund this monthAppWorks, which focuses on Taiwan and SE Asia, is looking to hit the first close at $20…