Texas-based real estate investor Hines has set up the second headquarters in Southeast Asia in Vietnam’s Ho Chi Minh City to tap opportunities in the market. The new office will be spearheaded by Anh Hao Le who joined the company this month as director. Reporting to Kian Fong Lim, the Singapore-based head of Southeast Asia… Continue reading Real estate investor Hines opens new office in Vietnam
Author: Deal Street Asia Online News
PE-VC exits in India drop to $11.7b in first nine months of 2022In the entire 2021, investors had reaped $37b from 283 deals.
With only a little over two months remaining for 2022 to end, private equity (PE) and venture capital (VC) exits in India are nowhere close to that of 2021 levels. PE and VC firms encashed just $11.7 billion across 162 exit transactions during the first nine months of this year, show data from research firm… Continue reading PE-VC exits in India drop to $11.7b in first nine months of 2022In the entire 2021, investors had reaped $37b from 283 deals.
People Digest: Carlyle appoints PE head for Australia, NZ; Avenue Family Office names new partner
Global investment firm Carlyle has appointed Geoff Hutchinson as managing director and head of private equity in Australia and New Zealand, while Avenue Family Office has appointed Anthony Chan, a banker with 30 years of experience in corporate banking and wealth management, as a partner. Carlyle appoints PE head for Australia, NZ Global investment firm Carlyle… Continue reading People Digest: Carlyle appoints PE head for Australia, NZ; Avenue Family Office names new partner
Dubai to sell 10% stake in state-linked entity Empower’s IPO next weekEmpower is the fourth state-linked entity to seek a listing this year in Dubai.
Dubai‘s Emirates Central Cooling Systems Corporation (Empower) plans to launch its initial public offering next week, company executives said on Monday. Empower is the fourth state-linked entity to seek a listing this year in Dubai in a programme aimed at boosting investor interest in the domestic stock exchange. Reuters reported in May that Empower invited banks to pitch for roles… Continue reading Dubai to sell 10% stake in state-linked entity Empower’s IPO next weekEmpower is the fourth state-linked entity to seek a listing this year in Dubai.
GoTo weighs coordinated secondary offering of shares held by pre-IPO investors
Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk is exploring a coordinated secondary offering of shares held by pre-IPO shareholders after a lock-up period ends late next month, the company said on Monday. It said it would not issue or sell new shares, so there would be no dilution of GoTo‘s shares. The lock-up period officially ends… Continue reading GoTo weighs coordinated secondary offering of shares held by pre-IPO investors
Abu Dhabi’s ADQ invests $125m in women-led PE firm Aliph Capital
Abu Dhabi sovereign wealth fund ADQ has invested $125 million in the debut fund launched by Aliph Capital, the Middle East’s first female-led private equity firm. The investment announced by ADQ and Aliph’s founder accounts for half of the $250 million Aliph Fund I (LP), which will focus on medium-sized companies in the region. “Aliph Capital will seek to… Continue reading Abu Dhabi’s ADQ invests $125m in women-led PE firm Aliph Capital
The LP View: Manulife IM still sees pockets of opportunities in China
Manulife Investment Management (IM), the global wealth and asset management division of the Canadian insurance giant, remains bullish on certain segments of the China market, unlike several investors who are looking at alternative geographies to invest in Asia. “In the past… China accounted for 40-50% of Asian markets. But now, China has a weaker appeal…,”… Continue reading The LP View: Manulife IM still sees pockets of opportunities in China
Vietnam’s VinFast receives $135m green financing led by ADBVinFast is developing Vietnam’s first fully-electric public transport bus fleet.
Vietnamese carmaker VinFast has received $135 million in financing led by the Asian Development Bank (ADB) to support the manufacturing of its fully-electric public transport bus fleet and national electric vehicle (EV) charging network. The financing will enable VinFast to achieve net-zero greenhouse gas emissions, according to a statement released on Monday. The climate financing… Continue reading Vietnam’s VinFast receives $135m green financing led by ADBVinFast is developing Vietnam’s first fully-electric public transport bus fleet.
KKR, Mubadala to co-invest at least $1b in APAC private credit strategy
Global private equity powerhouse KKR and Abu Dhabi sovereign wealth fund Mubadala Investment Company have announced a strategic partnership that will see both firms co-investing across private credit opportunities in the Asia Pacific region. The partnership aims to deploy at least $1 billion of long-term capital, according to a statement. Mubadala will deploy its capital… Continue reading KKR, Mubadala to co-invest at least $1b in APAC private credit strategy
Saudi’s Sidra Capital, BlackRock hold first close of APAC PE strategy
Saudi alternative asset manager Sidra Capital and BlackRock Alternatives have joined hands to hold the first close of the Sidra-BlackRock Asia-Pacific Private Equity Strategy, which will invest in Shariah-compliant private equity opportunities in the Asia-Pacific (APAC). The programme seeks to “access leading managers with compelling transactions” across the region, Sidra said in a statement. While… Continue reading Saudi’s Sidra Capital, BlackRock hold first close of APAC PE strategy