Hong Kong-based buyout firm Baring Private Equity Asia announced on Monday the closing of its investment in Ginko International, one of the biggest contact lens producers in China, in a take-private deal that valued the firm at $1 billion. Baring, which has $21 billion in fee-paying assets under management (FPAUM), said in a statement that… Continue reading Baring completes Ginko take-private, values Chinese contact lens maker at $1b
Author: Deal Street Asia Online News
Fullerton Fund Management raises $100m as it carves out first Thai PE strategy …
Temasek-linked Fullerton Fund Management has raised $100 million in a first close as it carves out its first Thai private equity (PE) strategy, per an announcement. The firm said it has partnered with KBank Private Banking, Hatton Equity Partners, and Land and House Asset Management to launch this first-ever Thailand-focused PE strategy that is accessible… Continue reading Fullerton Fund Management raises $100m as it carves out first Thai PE strategy …
Vantage Point: Kopi Kenangan’s recovery proves offline business holds key to profits
Indonesia’s MDI Ventures may be eyeing $100m impact fund …
Telkom Indonesia’s venture arm MDI Ventures is exploring a $100-million impact fund, according to sources aware of the matter. Fundraising discussions are still understood to be in the preliminary stages, with MDI Ventures set to be a key limited partner (LP) in the fund. The fund is also likely to tap on a different set… Continue reading Indonesia’s MDI Ventures may be eyeing $100m impact fund …
Fundnel to launch Southeast Asia secondaries fund for European investors
Singapore-headquartered private investment platform Fundnel is set to launch a new Southeast Asia-focused secondaries fund targeted at European investors. Fundnel is launching the fund in partnership with Aris PrimePartners Asset Management, a Singapore-based multi-family office and asset management firm with roots in Europe and the UK. Go to Source
Ares SSG expects COVID-hit SE Asia to deliver more restructuring opportunities
Ares SSG, one of the largest alternative investment managers (AIMs) in the Asia-Pacific region, expects deep-pocketed AIMs to be well-placed to capture opportunities in cleaning up COVID-hit assets in Southeast Asia. “There has been a very accommodative regulatory framework, [with assets that are essentially in default] moratoriums. But no one wants to call an NPL… Continue reading Ares SSG expects COVID-hit SE Asia to deliver more restructuring opportunities
‘If the idea is clear, it doesn’t matter if a startup is women or men led’
Growing a business from an idea is a challenge for both men and women entrepreneurs, and everyone needs to exhibit grit and resilience to navigate the questions by VCs successfully, said Dr Garima Sawhney, co-founder of Pristyn Care, in an interview for DealStreetAsia’s inaugural report – Female Founders in India 2021 – on the gender… Continue reading ‘If the idea is clear, it doesn’t matter if a startup is women or men led’
Indonesia’s quick commerce startup Astro confirms $60m Series B round
Astro, a Jakarta-based quick commerce startup, on Monday announced the completion of a $60 million Series B funding round led by investment firms Accel, Citius and Tiger Global Management. Existing investors, including AC Ventures, Global Founders Capital, Lightspeed, and Sequoia Capital India, also participated in the round. The company, which was launched in September 2021,… Continue reading Indonesia’s quick commerce startup Astro confirms $60m Series B round
China to launch first residential REITs to revive COVID-hit economy …
China’s first public real estate investment trusts (REITs) based on residential properties will be launched soon, as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy. Stock exchanges in Shanghai and Shenzhen each accepted an application for residential REITs backed by rental incomes from affordable housing, exchange filings show. The launches will expand the… Continue reading China to launch first residential REITs to revive COVID-hit economy …
HSBC clients query bank on climate change, a large investor to review engagement
HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role, according to one of the people. The investor, which manages in excess of $100 billion, plans to seek opinions from consultants on whether HSBC Asset Management should… Continue reading HSBC clients query bank on climate change, a large investor to review engagement