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 SE Asia’s agrifood startups to attract more VC money as interest in sustainability grows
Author: Deal Street Asia Online News
SG’s Spenmo said to be in talks with Tiger Global for new funding round
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 SG’s Spenmo said to be in talks with Tiger Global for new funding round
NewQuest Capital set to gain $10m from TPG if Fund V surpasses $1.75b …
Asia Pacific secondaries investor NewQuest Capital Partners is set to receive a $10-million payout from its controlling shareholder TPG if it manages to raise $1.75 million or more for the NewQuest Fund V. US-based alternative asset manager TPG, which filed for a Nasdaq listing last week, said in its IPO prospectus that NewQuest will earn… Continue reading NewQuest Capital set to gain $10m from TPG if Fund V surpasses $1.75b …
Singapore’s OUE to acquire 17.2% stake in Lippo’s tech investment vehicle Multipolar
Singapore-based property developer and investor OUE’s wholly-owned subsidiary is acquiring about a 17.2% stake in Lippo Group’s tech investment vehicle PT Multipolar Tbk for Rp1 trillion ($70 million) in a bid to tap into the country’s rapidly growing digital economy. Lippo Karawaci CEO John Riady had, during a fireside chat at the Asia PE-VC Summit… Continue reading Singapore’s OUE to acquire 17.2% stake in Lippo’s tech investment vehicle Multipolar
Renewable energy-focused SPAC AP Acquisition prices $150m IPO in New York
AP Acquisition Corp, a SPAC with a focus on decarbonisation and the renewable energy sector, is looking to raise about $150 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE), the company said in a statement. SPACs are blank cheque companies that raise capital solely to acquire private entities with… Continue reading Renewable energy-focused SPAC AP Acquisition prices $150m IPO in New York
Death of China’s tycoon Xie Zhikun triggers selling in firms he controlled
Shares of Chinese companies controlled by Zhongzhi Enterprise Group founder Xie Zhikun plunged on Monday, after the surprise death of the rags-to-riches tycoon triggered fears of disorder in a business empire spanning mining to asset management. All nine listed companies controlled by Xie, 61, including education firm Dalian My Gym Education Technology Co Ltd and Xinjiang Zhundong Petroleum Technology Co, tumbled in morning trade, even as they say… Continue reading Death of China’s tycoon Xie Zhikun triggers selling in firms he controlled
Sequoia China, 5Y Capital back Huobanyun and 25 more deal updates …
ResearchPremium Codeless data platform Huobanyun has garnered $40 million in its Series B+ round of financing from existing investors Sequoia Capital China and 5Y Capital, per a company statement on Monday. Trustbridge Partners, Belle International and Engage Capital also joined the round. Boutique investment bank 100Summit Partners facilitated the transaction. Sequoia China and 5Y Capital had… Continue reading Sequoia China, 5Y Capital back Huobanyun and 25 more deal updates …
Indian B2B startup Bizongo raises $110m in funding led by Tiger Global
Private equity-backed B2B e-commerce and supply chain enablement platform Bizongo has raised as much as $110 million in its Series D round led by New York-based Tiger Global Management. The round that saw the participation of both new and existing investors has pegged the valuation of the company at $600 million. While new investments have… Continue reading Indian B2B startup Bizongo raises $110m in funding led by Tiger Global
India: Used car marketplace Cars24 raises $400m in latest round
Indian used car marketplace Cars24, backed by Japanese behemoth Softbank, has raised $400 million as a part of its latest funding round. The funding comes just months after the company raised $450 million in September. In the current round, about $300 million of the total corpus has come in through equity, while the remaining $100… Continue reading India: Used car marketplace Cars24 raises $400m in latest round
Carlyle to have 20th exit in Japan, selling Sunsho Pharmaceutical
Global investment firm Carlyle has agreed to sell its entire investment in Sunsho Pharmaceutical, a Japanese contract manufacturer of health and nutrition products, to Osaka-based Towa Pharmaceutical. The financial details of the deal were not disclosed. Carlyle said in a statement that the transaction is expected to be completed in February next year. Carlyle acquired a… Continue reading Carlyle to have 20th exit in Japan, selling Sunsho Pharmaceutical