Author: Deal Street Asia Online News

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 …

Vietnam’s Vingroup plans bond issue to raise $1.5b for automobile unit …

Vingroup, Vietnam’s biggest listed company, plans to raise $1.5 billion through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement. The funds will be used to repay loans and for the expansion of VinFast, the group’s automobile unit, the statement said. Bondholders will be able… Continue reading Vietnam’s Vingroup plans bond issue to raise $1.5b for automobile unit …

China-focused PE firm Yuantai Ventures Partners raising $250m for Fund I …

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 China-focused PE firm Yuantai Ventures Partners raising $250m for Fund I …

ONE Championship raises $150m from Qatar sovereign fund, Guggenheim Investments

Singapore-based sports media platform Group ONE, the parent company of ONE Championship and ONE Esports, has closed a $150 million equity financing round led by two new global investors, Guggenheim Investments and Qatar Investment Authority (QIA), according to a statement. The company has received about $50 million in equity funding from Al-Rayyan Holding, a wholly-owned subsidiary of QIA,… Continue reading ONE Championship raises $150m from Qatar sovereign fund, Guggenheim Investments