Singapore’s Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region. MMA shareholders will receive A$2.70 per share in cash, a 36% premium over its 90-day average… Continue reading SG-based Cyan Renewables to buy Australian vessel operator MMA Offshore for $726m
Author: Deal Street Asia Online News
Data Vantage: Zepto, Hive Health, Mayhem Studios and ANEXT Bank in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Zepto, Hive Health, Mayhem Studios and ANEXT Bank in focus
Logistics giant Lineage raises $4.45b in this year’s biggest IPO so farThe $4.45b IPO values Lineage at more than $18b and is the biggest since Arm’s …
Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year, two people familiar with the matter said on Wednesday. The Novi, Michigan-headquartered company priced just under 57 million shares in New York at $78 apiece, the… Continue reading Logistics giant Lineage raises $4.45b in this year’s biggest IPO so farThe $4.45b IPO values Lineage at more than $18b and is the biggest since Arm’s …
TikTok develops new services in move to deepen e-commerce play in Indonesia
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India: E-commerce accounts for bulk of big-ticket funding deals in H1 2024
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PH’s Foxmont Capital Partners raising third fund, ropes in DGGF as LP
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SE Asian startups left thirsting as funding drought persists into Q2
Halfway through 2024, the venture capital landscape in Southeast Asia remains parched. The funding drought that has plagued the region for the past two years shows little signs of letting up, leaving startups thirsting for investment. The total volume of equity funding in Southeast Asian startups declined in the second quarter, reversing the upward trend… Continue reading SE Asian startups left thirsting as funding drought persists into Q2
GoTo plans treasury share cancellation to prop up share valueThe cancellation does not impact GoTo’s ongoing share buyback initiatives approved by the…
IDX-listed PT GoTo Gojek Tokopedia Tbk is seeking approval for the cancellation of treasury shares at the upcoming Extraordinary General Meeting of Shareholders (EGMS) on August 30 to prop up its share value, according to a statement on Wednesday. GoTo is set to cancel 10,264,665,616 Series A shares acquired in 2021 and 2022 through pre-IPO… Continue reading GoTo plans treasury share cancellation to prop up share valueThe cancellation does not impact GoTo’s ongoing share buyback initiatives approved by the…
Sequoia Capital-backed online security firm Vanta raises funding at $2.45b valuation
Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital, giving it a valuation of $2.45 billion. Companies pursuing artificial intelligence (AI) adoption are attracting the attention of US venture capital firms after a near two-year lull driven by high interest rates and a sluggish exit market for startup investors. Vanta says… Continue reading Sequoia Capital-backed online security firm Vanta raises funding at $2.45b valuation
India likely to ease curbs on ‘less sensitive’ Chinese investments
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. The government plans to free up sectors to Chinese investment that it deems less sensitive from a security point of view, said one of the officials, who did not want to named. The plans… Continue reading India likely to ease curbs on ‘less sensitive’ Chinese investments