Altair Capital, the ASEAN affiliate of Japanese buyout firm Polaris Capital Group, has picked up a significant minority stake in Singapore-based multi-disciplinary private specialist healthcare group Beyond Medical Group. Financial details of the transaction were not disclosed. This is the eighth investment from Altair Capital’s inaugural $100-million fund. The firm typically writes cheques of up… Continue reading Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
Author: Deal Street Asia Online News
IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
World Bank Group member International Finance Corporation (IFC) has proposed to extend a senior loan of up to $30 million to Vivriti India Retail Assets Fund, the latest alternative investment fund of Vivriti Asset Management Private Limited (VAM), according to a disclosure. The fund, which will be established in the GIFT City, India’s International Finance… Continue reading IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
HK’s new listing regime may not be game changer for startups, investorsExperts foresee years of wait-and-see before HK thrives under a tech-friendly l…
The Hong Kong government’s new initiatives including a $3.8-billion industry development fund and revamp of listing norms may not be a game changer for the city’s startups and their venture investors seeking exits at a time of market volatility. Hong Kong chief executive John Lee announced a series of measures to spur the city’s economic… Continue reading HK’s new listing regime may not be game changer for startups, investorsExperts foresee years of wait-and-see before HK thrives under a tech-friendly l…
Southeast Asia’s startup funding hits seven-quarter low in Q3 at $3.7b
Fundraising by Southeast Asia’s privately held companies dipped to a seven-quarter low in the July-September period amid a worsening macroeconomic environment, finds the latest report by DealStreetAsia – DATA VANTAGE. Startups in the region secured $3.72 billion in venture capital funding in the third quarter, down 22% from the previous quarter and 36.4% year on… Continue reading Southeast Asia’s startup funding hits seven-quarter low in Q3 at $3.7b
Ohio SERS commits $75m to Carlyle’s latest Asia-focused fund
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
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