Author: Deal Street Asia Online News

Norway sovereign wealth fund buys 45% stake in US real estate portfolio for $1bThe transaction comprised 48 buildings in Southern California, New Jers…

Norway’s sovereign wealth fund said on Friday it had acquired a 45% stake in a portfolio of logistics properties in the United States from the Canada Pension Plan Investment Board in a new joint venture with Goodman Group for $1.07 billion. Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund, said it valued the portfolio… Continue reading Norway sovereign wealth fund buys 45% stake in US real estate portfolio for $1bThe transaction comprised 48 buildings in Southern California, New Jers…

Chinese national fund fuels aerospace growth with two $100m-plus dealsReusable rocket maker LandSpace and satellite manufacturer Genesat raised funds.

China’s 147.2-billion-yuan ($20.2 billion) National Manufacturing Transformation and Upgrading Fund has bankrolled two domestic commercial aerospace companies in their $100-million-plus fundraising efforts amid the country’s growing space ambitions. The final few days of 2024 saw the national fund inject 900 million yuan ($123.3 million) into Beijing-based reusable rocket developer LandSpace Technology Corporation. This investment marks… Continue reading Chinese national fund fuels aerospace growth with two $100m-plus dealsReusable rocket maker LandSpace and satellite manufacturer Genesat raised funds.

Mubadala acquires majority stake in UAE pharma firmsMubadala will acquire 80% of Global Medical Supply Chain and Al Ittihad Drug Store.

Abu Dhabi sovereign investor Mubadala Investment Company has announced its acquisition of a majority stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) for an undisclosed sum. In a statement, Mubadala said the acquisition from GlobalOne Healthcare Holding (GHH) gives it an 80% stake in GMSC and IDS, expanding its footprint… Continue reading Mubadala acquires majority stake in UAE pharma firmsMubadala will acquire 80% of Global Medical Supply Chain and Al Ittihad Drug Store.

Chinese EV brand IM Motors raises $192m in fresh Series B round trancheThe battery EV maker had raised $1.1b in the first tranche of the round in Marc…

Chinese premium battery electric vehicle (BEV) brand IM Motors, co-founded by state-owned automaker SAIC Motor, has secured another 1.4 billion yuan ($191.8 million) in a Series B1 round, roping in both state-owned and private investment firms. The latest tranche marks the final close of the company’s Series B fundraising, bringing the total capital raised in… Continue reading Chinese EV brand IM Motors raises $192m in fresh Series B round trancheThe battery EV maker had raised $1.1b in the first tranche of the round in Marc…

Silicon Valley VC Accel raises $650m for eighth India fund — same as predecessorAccel had raised $650m for its seventh India fund in 2022.

US venture capital firm Accel, which has backed a slew of unicorns in India including Flipkart and Swiggy, has mopped up $650 million (approximately Rs 5,500 crore) for its eighth India fund, show regulatory filings with the US Securities and Exchange Commission (SEC). The final close of Accel India VIII L.P. comes at a time… Continue reading Silicon Valley VC Accel raises $650m for eighth India fund — same as predecessorAccel had raised $650m for its seventh India fund in 2022.

Analysts expect further rally in Bitcoin prices following a breakout 2024Bitcoin has surged more than 120% this year, while ether has jumped 50%.

Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and most well-known cryptocurrency hit $100,000 earlier this month, a milestone that has ignited ‘animal spirits’… Continue reading Analysts expect further rally in Bitcoin prices following a breakout 2024Bitcoin has surged more than 120% this year, while ether has jumped 50%.

India’s competition watchdog approves stake sale in Prataap Snacks by Peak XVAuthum Investment and Mahi Madhusudan Kela had acquired a 72.8% stake in …

India’s competition regulator, on Tuesday, approved the acquisition of a 72.8% stake in snack maker Prataap Snacks by Authum Investment & Infrastructure and investor Mahi Madhusudan Kela. In September, the two investors acquired a 46.85% stake in the Indore-based company from venture capital firm Peak XV Partners, and announced an open offer for an additional 26%… Continue reading India’s competition watchdog approves stake sale in Prataap Snacks by Peak XVAuthum Investment and Mahi Madhusudan Kela had acquired a 72.8% stake in …

Chinese toy maker Bloks Group files for up to $188m Hong Kong IPOBloks is China’s largest player in the assembly character toy segment.

Bloks Group is looking to raise as much as HK$1.46 billion ($188.01 million) in a Hong Kong initial public offering, as the Chinese toy maker aims to ramp up product development and output while cashing in on the reviving IPO market. Bloks will be selling a total of 24.1 million shares, priced between HK$55.65 and HK$60.35 each,… Continue reading Chinese toy maker Bloks Group files for up to $188m Hong Kong IPOBloks is China’s largest player in the assembly character toy segment.