South Korean brokerage firm KB Securities officially secured a stake in Singapore-based private market exchange ADDX last week after investing $15 million in the startup. Priced at $2.35 per share, the capital injection was part of ADDX’s $58 million pre-Series B round announced in May, which was backed by the Stock Exchange of Thailand (SET),… Continue reading Data Vantage: ADDX, AnyMind & Youvit receive capital and other updates
Author: Deal Street Asia Online News
S Korean VC Nextrans to launch $50m Vietnam-focused fund soonNextrans is one of the most active foreign VCs in Vietnam with 32 startups in its portfol…
South Korean venture capital firm Nextrans is planning to launch a $50-million new Vietnam-focused fund next month as it steps up focus on the country’s tech startup ecosystem, DealStreetAsia has learnt. The new vehicle will look at writing cheque sizes of up to $3 million, Le Han Tue Lam, Nextrans’s general manager confirmed in a… Continue reading S Korean VC Nextrans to launch $50m Vietnam-focused fund soonNextrans is one of the most active foreign VCs in Vietnam with 32 startups in its portfol…
Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy
Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund, has made a $135-million investment in Shizen Energy to boost the Japanese energy group’s growth in the country and key international markets. In a statement, CDPQ and Shizen Energy said they have also agreed to a co-investment framework that will see the Canadian… Continue reading Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy
Toyota scrambles for EV reboot with eye on Tesla
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38-billion… Continue reading Toyota scrambles for EV reboot with eye on Tesla
Real estate investor Hines opens new office in Vietnam
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
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