Photo: Reuters Mars W. Mosqueda Jr. 26 October, 2022 US pension fund School Employees Retirement System (SERS) of Ohio has approved a total commitment of $75 million to the latest Asia-focused vehicle of alternative investment giant Carlyle Group. According to Ohio SERS’ board meeting highlights, the commitment to Carlyle Asia Partners Growth II was part… Continue reading Ohio SERS commits $75m to Carlyle’s latest Asia-focused fund
Author: Deal Street Asia Online News
China’s CR Beer in $1.7b deal for 55% of baijiu spirit maker
China Resources Beer Holdings said on Tuesday its unit agreed to acquire a 55.19% stake in Chinese “baijiu” liquor maker Guizhou Jinsha Jiaojiu Winery Industry for about $1.7 billion, as it diversifies alcohol businesses with non-beer assets. China Resources Wine Holdings Limited would boost capital in Jinsha Jiaojiu by 1.03 billion yuan ($141.70 million), after which it would… Continue reading China’s CR Beer in $1.7b deal for 55% of baijiu spirit maker
Thailand’s ChocoCRM raises $8m Series C funding led by TechMatrixThe round was participated by InnoSpace Thailand and Krungsri Finnovate.
ChocoCRM, a Thailand-based customer relationship management (CRM) and point-of-sale services provider, has bagged $8 million in a Series C funding round led by Tokyo-listed software giant TechMatrix, according to an announcement on Tuesday. The round was participated by the public-private venture capital project InnoSpace Thailand, while Krungsri Finnovate, a long-time backer, participated through the Finnoventure… Continue reading Thailand’s ChocoCRM raises $8m Series C funding led by TechMatrixThe round was participated by InnoSpace Thailand and Krungsri Finnovate.
India Digest: Sofina leads agri platform DeHaat’s $46m funding; Green Frontier backs EMotorad
Agritech platform DeHaat has raised about $46 million in a Series E funding round led by Sofina Ventures. Separately, EMotorad has secured funding from e-bikes startup Green Frontier Capital (GFC), LetsVenture, and Ivy Growth Associates. Sofina leads $46m funding in DeHaat Agritech platform DeHaat has raised about $46 million in a Series E funding round… Continue reading India Digest: Sofina leads agri platform DeHaat’s $46m funding; Green Frontier backs EMotorad
Cash-rich Singapore Airlines to spend $2.7b redeeming convertible bonds
Singapore Airlines Ltd (SIA) said on Tuesday its strong cash position would allow it to spend S$3.86 billion ($2.71 billion) to redeem convertible bonds issued in 2020 that helped it weather the halt in travel during the pandemic. The airline said in a statement that the bonds, which have a conversion price below the current share price,… Continue reading Cash-rich Singapore Airlines to spend $2.7b redeeming convertible bonds
Dubai’s BitOasis inks deal with Mastercard for crypto-linked cards
BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, said on Tuesday it had signed an agreement with Mastercard to launch payment cards linked to cryptocurrencies, they said in a joint statement. The cards will allow BitOasis customers in the Middle East and North Africa to make purchases at points of sale or online,… Continue reading Dubai’s BitOasis inks deal with Mastercard for crypto-linked cards
India slaps $113m fine on Google, orders third-party paymentsAntitrust body says Google forces app developers to use its in-app payment system.
Alphabet Inc’s Google should not restrict app developers from using third-party billing or payment processing services in India, the country’s antitrust body said on Tuesday, as it fined the US giant $113 million for anti-competitive practices. The Competition Commission of India (CCI) said Google used its “dominant position” to force app developers to use its in-app payment system, noting the sale of… Continue reading India slaps $113m fine on Google, orders third-party paymentsAntitrust body says Google forces app developers to use its in-app payment system.
Mirae Asset said to be in talks to help fund Elon Musk’s Twitter deal
South Korea’s Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk‘s $44 billion buyout of Twitter Inc, a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalised in the coming days before the deadline for the closing of the Twitter… Continue reading Mirae Asset said to be in talks to help fund Elon Musk’s Twitter deal
SEA digest: iGrow teams up with eFishery; Enterprise SG partners Stellar Lifestyle
In Indonesia, agri fintech lender iGrow and aquatech firm eFishery have teamed up to help fish farmers access loans, while Enterprise Singapore has teamed up with Stellar Lifestyle to jointly fund startups innovating for the public transport network. iGrow partners with eFishery to enable loans for fish farmers LinkAja-owned agri P2P lender iGrow has partnered… Continue reading SEA digest: iGrow teams up with eFishery; Enterprise SG partners Stellar Lifestyle
Singapore’s GIC invests in German branded medicines platform CheplapharmThe investment will be provided in the form of a subordinated convertible inst…
Cheplapharm AG, an international platform for branded medicines, has announced raising €550 million (about $543 million) in structured investment from Singapore sovereign wealth fund GIC and Atlantic Park. Atlantic Park is a joint venture between global growth equity firm General Atlantic and credit-focused asset manager Iron Park Capital Partners. According to the announcement, the investment… Continue reading Singapore’s GIC invests in German branded medicines platform CheplapharmThe investment will be provided in the form of a subordinated convertible inst…