Singapore-listed real estate investment trust CapitaLand Integrated Commercial Trust (CICT) has agreed to acquire a 50% interest in an integrated development located in Sydney for A$422 million ($305.4 million), per an announcement. It added that the total acquisition outlay was A$454.4 million, comprising A$422 million purchase price, other expenses of A$28.2 million, and acquisition fees… Continue reading CapitaLand’s REIT to buy 50% in Sydney property for $305m
Author: Deal Street Asia Online News
People Digest: Monir Azzouzi joins GoToko to lead HR; Hypefast ropes in Indonesia’s former minister
Monir Azzouzi joins GoToko, GoTo Group’s B2B e-commerce platform arm, as part of the efforts to reinforce the group’s presence among small merchants across the country. Meanwhile, Indonesia’s former trade minister and a popular Youtube talkshow host Gita Wirjawan joined Hypefast as President Commissioner. Monir Azzouzi joins GoToko Monir Azzouzi joins GoToko, a joint venture… Continue reading People Digest: Monir Azzouzi joins GoToko to lead HR; Hypefast ropes in Indonesia’s former minister
Xiaomi, SIG back Lanwan and 11 more deal updates from Greater China worth over $400m
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Xiaomi, SIG back Lanwan and 11 more deal updates from Greater China worth over $400m
India: TPG-backed SK Finance raises $53m from IIFL Wealth, others …
Jaipur based non-banking financial company SK Finance, formerly Ess Kay Fincorp, has raised about $53 million (Rs 400 crore) in its Series F funding round IIFL Wealth and other new investors, it announced on Thursday. With the latest capital raise, the company to date has cumulatively raised about Rs 1,400 crores from six investors, including… Continue reading India: TPG-backed SK Finance raises $53m from IIFL Wealth, others …
Chinese semiconductor memory firm DERA nets nearly $157m in Series C round …
Chinese semiconductor memory firm DERA has secured nearly 1 billion yuan ($157 million) in a Series C round of financing, the firm announced on Thursday. The Series C round was led by state investor China Reform Fund and CICC Capital, a private equity (PE) fund management platform of investment bank China International Capital Corp (CICC).… Continue reading Chinese semiconductor memory firm DERA nets nearly $157m in Series C round …
Asia Digest: NZ Super Fund to back fertility biz; Brookfield to buy Intellihub stake
NZ Super Fund joined a consortium with Pioneer Capital and Comprador Holdings to buy a majority stake in fertility treatment provider Fertility Associates. Meanwhile, Pacific Equity Partners has reduced its holding on Australian smart meters business Intellihub, following a sale on its community energy services business WINconnect. NZ Super Fund joins consortium to back fertility… Continue reading Asia Digest: NZ Super Fund to back fertility biz; Brookfield to buy Intellihub stake
PE firm Northstar Group hits final close of fifth fund at $590m
Southeast Asian private equity (PE) firm Northstar Group has achieved the final close of Northstar Equity Partners V Limited (Northstar V) at $590 million, according to its announcement on Friday. Northstar V will continue the Group’s strategy of investing in mature growth companies primarily in Indonesia. It will make select investments in early-stage opportunities and… Continue reading PE firm Northstar Group hits final close of fifth fund at $590m
Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b
CK Asset Holdings Ltd said on Friday it had agreed to sell its aircraft-leasing businesses for an aggregate of $4.28 billion, as it exits the sector while enhancing its strategic focus during the pandemic. The Hong Kong property developer said it had agreed to sell the entire Accipiter Finance S.à r.l. and Manchester Aviation Finance… Continue reading Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b
Bukalapak secures EGM approval to use IPO money for acquisitions …
Indonesia’s Bukalapak, which became the first tech unicorn in the country to be listed on IDX, has secured stakeholder approval to use the proceeds from its initial public offering (IPO) for business acquisitions, the company said in a statement on Thursday. At the extraordinary general meeting (EGM) on Thursday, shareholders also approved the resignation of… Continue reading Bukalapak secures EGM approval to use IPO money for acquisitions …
Thai tech startup ecosystem gets a boost as viable exit routes emerge …
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Thai tech startup ecosystem gets a boost as viable exit routes emerge …