Los Angeles-based private equity firm Ares Management Corp said on Thursday it has raised $2.2 billion to invest in infrastructure businesses operating in the renewable energy, energy efficiency, and energy storage sectors. Ares said it raised $1.4 billion for its inaugural Ares Climate Infrastructure Partners Fund, and an additional $800 million in managed accounts that will be deployed alongside the… Continue reading PE firm Ares Management raises $2.2b for climate infrastructure investment
Author: Deal Street Asia Online News
SC Malaysia revises SPAC framework to bolster local listings …
The Securities Commission of Malaysia (SC) has revised its Special Purpose Acquisition Company (SPAC) framework to create more flexibility for successful SPAC listings and de-SPAC mergers. According to an SC statement on Thursday, the revisions include allowing SPAC acquisition deals to be conducted through the issuance of shares rather than cash alone, permitting additional financing… Continue reading SC Malaysia revises SPAC framework to bolster local listings …
Blockchain research firm Nansen bags $75m Series B from Accel, GIC, others
Premium Blockchain data analytics startup Nansen has raised $75 million in a Series B round led by US venture capital company Accel. Other prominent investors that participated include Singapore sovereign wealth fund GIC, the US investment firm Tiger Global, Siam Commercial Bank’s (SCB) venture arm SCB 10X, and existing investor a16z. Crypto-specific investors like L1… Continue reading Blockchain research firm Nansen bags $75m Series B from Accel, GIC, others
Chinese chip designer Chipone valued at $4.7b after Oceanpine-led $1b Series E round …
Chipone Technology has secured over 6.5 billion yuan ($1 billion) in a Series E financing round that pushed the valuation of the Chinese chip designing firm to over 30 billion yuan ($4.7 billion). The Series E round was led by Oceanpine Capital, a Beijing-based hard tech investment firm. Chinese smartphone brand Vivo and a wide… Continue reading Chinese chip designer Chipone valued at $4.7b after Oceanpine-led $1b Series E round …
SEA Digest: Lenskart to launch in Indonesia, Vietnam; Eve World buys Femcy
Omni-channel eyewear brand Lenskart plans to open outlets in Indonesia and Vietnam by March 2022. Meanwhile, the Singapore-based, women-only social media Eve World has acquired the menstrual wellness app Femcy. Lenskart to launch in Indonesia, Vietnam Lenskart, an omnichannel eyewear retailer, has announced plans to strengthen its outlet presence across Southeast Asia and expand into… Continue reading SEA Digest: Lenskart to launch in Indonesia, Vietnam; Eve World buys Femcy
Deals Digest: Kakao’s Radish buys Wuxiaworld; Australia’s Voly bags $13m
Radish, a subsidiary of South Korean startup Kakao Entertainment, has acquired Wuxiaworld for $37.5 million while Australian instant grocery delivery startup Voly has secured about $13 million in seed funding. Radish acquires Wuxiaworld for $37.5m Radish, the serialised fiction app subsidiary of South Korea’s Kakao Entertainment, has acquired Wuxiaworld, an Asia fantasy fiction platform, for… Continue reading Deals Digest: Kakao’s Radish buys Wuxiaworld; Australia’s Voly bags $13m
China’s Linear Capital raises $500m for two new funds in just five weeks …
Linear Capital, a Chinese investment firm that focuses on data and frontier technology startups, has closed two new funds in just five weeks with $500 million in total capital commitments. Linear Capital, an early investor of auto chip startup Horizon Robotics and content marketing platform Tezign, raised the capital for its USD Fund V and… Continue reading China’s Linear Capital raises $500m for two new funds in just five weeks …
SenseTime plans to relaunch Hong Kong IPO as early as Monday
Chinese artificial intelligence startup SenseTime Group plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said. The people could not be identified as the information is not public. A spokesperson for SenseTime,… Continue reading SenseTime plans to relaunch Hong Kong IPO as early as Monday
India’s ShareChat raises $266m led by US-based Alkeon Capital
Indian content-sharing platform ShareChat on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion. The new investments, part of ShareChat’s third funding round this year, were led by Alkeon and saw participation from Singapore’s Temasek Holdings and Moore Strategic Ventures,… Continue reading India’s ShareChat raises $266m led by US-based Alkeon Capital
SoftBank-backed Indian ride-hailing firm Ola raises $500m loan
Indian ride-hailing company Ola said on Thursday it had raised a $500-milllion loan from international institutional investors, as the SoftBank Group-backed start-up preps to make its stock market debut next year. Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion… Continue reading SoftBank-backed Indian ride-hailing firm Ola raises $500m loan