Deal Street Asia Online News – Page 87 – I wish I had more to offer

Charticle: Independent VCs catch up as average cheque sizes of China’s CVCs shrink

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General Atlantic’s Sandeep Naik may step down as India, SEA head by year-end: Report

Global private equity (PE) major General Atlantic could soon see a rejig in its top management. Sandeep Naik, its head of India and Southeast Asia, is tipped to leave his position by the end of this calendar year and take on an advisory role. The development was first reported by MoneyControl, which said Naik’s current… Continue reading General Atlantic’s Sandeep Naik may step down as India, SEA head by year-end: Report

Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

Metro Pacific Tollways and Singapore sovereign wealth fund, GIC, will take up a stake worth $1 billion in a unit of Indonesian toll road operator, PT Jasa Marga, the affiliate of the Philippines’ Metro Pacific Investments said on Monday. The companies would take up a 35% stake in Jasamarga Transjawa Tol, which is a network… Continue reading Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

India Digest: Matrix Partners rebrands India, China units; Zomato gets GST notice

US-headquartered venture capital firm Matrix Partners has rebranded its India and China units while food delivery giant Zomato has received a GST demand of over Rs 9.45 crore for 2019-20. Matrix Partners rebrands India, China arms US-headquartered venture capitalist Matrix Partners is rebranding its India unit to z47 while its China arm will be renamed… Continue reading India Digest: Matrix Partners rebrands India, China units; Zomato gets GST notice

China refines financial stability law to strengthen risk prevention

China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s Congress (NPC) standing committee, and are open for public feedback until July 27th, according to… Continue reading China refines financial stability law to strengthen risk prevention

Indonesia’s Delta Dunia eyes more deals as it completes US coal buy

Indonesia’s Delta Dunia Group plans to grow through acquisitions, backed by strong support from its lenders, after it completed the $122.4 million purchase of Atlantic Carbon Group on Monday, director Iwan Salim said. The Jakarta-listed company has been diversifying beyond its home base of Indonesia where it runs its BUMA coal mining services business. It… Continue reading Indonesia’s Delta Dunia eyes more deals as it completes US coal buy

Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium saysThe $5.2 billion sale of Yandex is the largest deal b…

A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal. Yandex is being bought by a consortium made up of senior Yandex Russian management, a fund controlled… Continue reading Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium saysThe $5.2 billion sale of Yandex is the largest deal b…

BlackRock to buy UK data group Preqin for $3.2b in cash

BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world’s biggest asset management company into the private markets data segment. BlackRock said in a statement that the acquisition would complement its Aladdin tech business by bringing together data, research, and investment processes for fund… Continue reading BlackRock to buy UK data group Preqin for $3.2b in cash

Tokyo-based SmartHR secures $140m from KKR, Teachers’ Venture Growth

Tokyo-based Japanese HR automation service provider SmartHR has secured $140 million in its Series E funding round co-anchored by private equity giant KKR and Teachers’ Venture Growth (TVG), the late-stage investment arm of Ontario Teachers’ Pension Plan. The transaction marks KKR’s latest technology investment in Japan, where its portfolio includes Yayoi, a financial and accounting… Continue reading Tokyo-based SmartHR secures $140m from KKR, Teachers’ Venture Growth

IFC proposes $100m debt investment in Tata Group’s Infopark Properties

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of $100 million (Rs 835 crore) in Infopark Properties Limited (IPL) to help the latter settle an outstanding debt, per a disclosure. The proposed investment, which is in the form of a senior secured loan, will be utilised to… Continue reading IFC proposes $100m debt investment in Tata Group’s Infopark Properties