PICC Capital Insurance Asset Management, the wholly-owned subsidiary of state-owned Chinese insurer The People’s Insurance Company (Group) of China (PICC), is planning to set up a 10 billion yuan ($1.4 billion) private equity investment fund to transform traditional industries. Go to Source
Author: Deal Street Asia Online News
Khazanah completes acquisitions of MAVCAP, Penjana KapitalThe National FoF will invest in innovative and high-growth startups via PE/VC funds.
Malaysian sovereign wealth fund Khazanah Nasional (Khazanah) has announced the completion of its acquisitions of government-backed venture capital agencies – Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital (PK). Following the deal, both entities will become wholly owned subsidiaries of Khazanah, per an official statement. In a statement released on Tuesday, Khazanah also revealed plans… Continue reading Khazanah completes acquisitions of MAVCAP, Penjana KapitalThe National FoF will invest in innovative and high-growth startups via PE/VC funds.
99 Speed Mart aims to raise $509m in Malaysia’s biggest IPO in seven years99 Speed Mart plans to offer an up to 17% stake, or as much as 1.43 billion …
Malaysia’s top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be launched next month and which would be the country’s biggest in seven years, two people said. 99 Speed Mart, founded by entrepreneur Lee Thiam Wah in… Continue reading 99 Speed Mart aims to raise $509m in Malaysia’s biggest IPO in seven years99 Speed Mart plans to offer an up to 17% stake, or as much as 1.43 billion …
Indian seed-stage VC Gemba Capital launches $29m second fundThe firm invests has backed over 50 startups in the seed and pre-seed stages.
Seed-stage venture capital firm Gemba Capital, which has backed the likes of insurtech firm Plum and alternative investment platform Grip Invest, has launched its second fund targeting a corpus of Rs 250 crore ($28.9 million), the firm said on Tuesday. Gemba Capital invests at the seed and pre-seed stages in scalable tech startups and has… Continue reading Indian seed-stage VC Gemba Capital launches $29m second fundThe firm invests has backed over 50 startups in the seed and pre-seed stages.
Malaysia’s KWAP plans to roll out Dana Perintis II in Q4 next yearIt expects to fully deploy the fund by mid-next year and has closed six transactions…
Go to Source
Partners Group vies for China’s rich with evergreen fundsEvergreen funds comprise around a third of the Swiss investor’s AUM.
Go to Source
Adani Energy Solutions said to eye share sale to raise over $600mIt will mark the group’s first public share sale since scrapping a $2.5b offering in …
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale… Continue reading Adani Energy Solutions said to eye share sale to raise over $600mIt will mark the group’s first public share sale since scrapping a $2.5b offering in …
India’s Ola Electric announces price range for $734m IPOA term sheet showed the IPO values the firm at $4 billion.
SoftBank-backed Indian e-scooter maker Ola Electric said on Monday it would offer shares priced in a range from 72 rupees to 76 rupees ($0.86-$0.91) in a $734-million listing that will be this year’s biggest domestic IPO. It is the first IPO by an Indian electric vehicle maker, which is also the biggest player in a… Continue reading India’s Ola Electric announces price range for $734m IPOA term sheet showed the IPO values the firm at $4 billion.
India: FirstCry set to file final papers for $3-3.5b IPO this weekFirstCry’s offer size remains unchanged from its draft IPO papers at $217m, per medi…
FirstCry is expected to file its red herring prospectus (RHP) this week, for an initial public offering (IPO) valuing the baby and mother care products retailer at $3-3.5 billion, The Economic Times reported on Monday. FirstCry’s offer size remains unchanged from its draft IPO papers, at $217 million (Rs 1,816 crore) of primary fundraise. Earlier… Continue reading India: FirstCry set to file final papers for $3-3.5b IPO this weekFirstCry’s offer size remains unchanged from its draft IPO papers at $217m, per medi…
AgFunder VC raises $102m for latest agrifood tech fundThe fund is already over a third deployed.
AgFunder VC, a US-based agrifood tech investor, has raised $102 million for its latest early-stage fund, surpassing its $100 million target. AgFunder Fund IV secured commitments from global investors including family offices—GeoBlue AG and Nest—and institutions including Japan’s agricultural bank Norichukin Bank and Alexandria Real Estate. According to a report by AgFunderNews, the latest investment… Continue reading AgFunder VC raises $102m for latest agrifood tech fundThe fund is already over a third deployed.