The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A deal is set to be announced as early as next week, the… Continue reading Google backs India’s ShareChat in $300m funding round, startup valued at $5b …
Author: Deal Street Asia Online News
Seek Pet raises $75m and 21 more deal updates from Greater China worth $263m
Seek Pet, a Chinese provider of pet food, has raised nearly 500 million yuan ($75 million) in a pre-IPO funding round to build new factories and expand its R&D and product testing facilities. The new round was led by private equity (PE) firm Boyu Capital and Confitop Capital, an investment platform backed by Shanghai’s state-owned… Continue reading Seek Pet raises $75m and 21 more deal updates from Greater China worth $263m
India: IFC proposes $100m debt investment in Manappuram Finance
The International Finance Corporation (IFC), a part of the World Bank Group, has proposed a debt investment of up to $100 million in Manappuram Finance Limited (MFL), it said in a disclosure. IFC will invest via three-year non-convertible debentures (NCDs) to be issued by MFL. The investment will help MFL support underserved individuals in the… Continue reading India: IFC proposes $100m debt investment in Manappuram Finance
India’s Tata Motors looks to buy Ford plant in Gujarat for electric vehicle push
Indian automaker Tata Motors Ltd has signed an agreement to potentially buy a Ford Motor manufacturing facility in the western state of Gujarat as it looks to ramp up its production of electric vehicles. The owner of Jaguar Land Rover already dominates India‘s fledgling electric car market, which the government is trying to grow by offering companies billions of dollars in incentives. The memorandum of understanding announced on Monday… Continue reading India’s Tata Motors looks to buy Ford plant in Gujarat for electric vehicle push
Baring completes Ginko take-private, values Chinese contact lens maker at $1b
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
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