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Author: Deal Street Asia Online News
Asia Digest: VIG Partners sells Preed Life stake to KKR; Actis RE platform invests in ThailandThe deal values Preed Life at about $723 million.
South Korean PE firm VIG Partners has sold a partial stake in Preed Life to KKR while Actis platform Levanta Renewables acquired a solar project portfolio in Thailand. Korean PE firm VIG Partners sells partial stake in Preed Life to KKR South Korean private equity firm VIG Partners announced selling a partial stake in funeral… Continue reading Asia Digest: VIG Partners sells Preed Life stake to KKR; Actis RE platform invests in ThailandThe deal values Preed Life at about $723 million.
Morgan Stanley fund backs Vietnamese creator economy startup METUB
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Australia’s Bapcor rejects Bain Capital’s $1.2b bid; appoints new CEO
Auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital, saying the proposal “does not represent fair value for Bapcor”. Bain Capital had offered to buy Bapcor for A$5.4 per share in cash, representing a 23.9% premium to the stock’s June 7 close of A$4.36.… Continue reading Australia’s Bapcor rejects Bain Capital’s $1.2b bid; appoints new CEO
Asia Digest: KKR said to revive Goodpack sale; DealCart raises fresh fundingShorooq Partners and Sturgeon Capital led DealCart’s funding round.
KKR is reportedly looking to put Goodpack, a Singapore-based global supply-chain and logistics company, on the block, while Pakistan’s social e-commerce startup DealCart has raised $3 million in a seed funding round. KKR in early talks for Goodpack sale KKR is reportedly looking to initiate a sale process for Goodpack, a Singapore-based global supply-chain and… Continue reading Asia Digest: KKR said to revive Goodpack sale; DealCart raises fresh fundingShorooq Partners and Sturgeon Capital led DealCart’s funding round.
India Digest: Ex-defence secretary to launch VC fund; Pepperfry postpones IPO plansWhile Ajay Kumar is the chairman of the fund, former senior telecom…
Ajay Kumar, who retired as India’s defence secretary in 2022, is setting up a Rs 250-crore venture capital firm. Separately, furniture retailer Pepperfry is said to have postponed its IPO plans. Ajay Kumar’s VC fund gets Sebi nod Ajay Kumar, who retired as India’s defence secretary in 2022, is setting up a Rs 250-crore venture… Continue reading India Digest: Ex-defence secretary to launch VC fund; Pepperfry postpones IPO plansWhile Ajay Kumar is the chairman of the fund, former senior telecom…
Hong Kong’s Isola Capital ropes in Sun Hung Kai & Co as anchor investor for latest fund
Hong Kong-based Isola Capital has roped in alternative investment company Sun Hung Kai & Co as one of the anchor investors for the first close of its latest fund with Sydney-based Mantis Funds, according to a company statement on Monday. Financial details of the fund’s first close were undisclosed. The fund, dubbed Isola Fullerton Global… Continue reading Hong Kong’s Isola Capital ropes in Sun Hung Kai & Co as anchor investor for latest fund
Heritas Capital leads funding in Singapore food solutions business The Gentle Group
Singapore fund manager Heritas Capital has led a S$2-million investment round in The Gentle Group, a local social enterprise which provides food solutions and care services for patients with swallowing difficulties, according to a statement on Monday. Go to Source
Led by Indonesia, SE Asia’s public markets defy global IPO slump
Though startup fundraising from PE and VC investors has slowed to a trickle in Southeast Asia, capital raising through initial public offerings (IPOs) has been remarkably stable and resilient in the region, according to DealStreetAsia DATA VANTAGE‘s latest report SE Asia’s Public Markets: Resilience in Uncertain Times. Led by Indonesia, which is witnessing a ‘green… Continue reading Led by Indonesia, SE Asia’s public markets defy global IPO slump
Asia Digest: VinFast partners with Otoklix in Indonesia; Barings provides credit facility to Permaconn
Vietnamese EV maker VinFast has tapped Otoklix as its service provider for customers in Indonesia while global asset manager Barings has provided credit to Permaconn. Vietnam’s VinFast partners with Otoklix in Indonesia Vietnamese electric vehicle (EV) maker VinFast has partnered with Otoklix in Indonesia to serve as its authorised service provider for customers in the… Continue reading Asia Digest: VinFast partners with Otoklix in Indonesia; Barings provides credit facility to Permaconn