Private equity firm Permira has mandated Goldman Sachs to run a sale of business services company Tricor Group in a deal that could fetch up to $2 billion, three people with knowledge of the transaction told Reuters. The sale process is expected to kick off soon after an initial gauge of market interest, said one of the… Continue reading Permira mandates Goldman Sachs for up to $2b sale of business services firm Tricor …
Author: Deal Street Asia Online News
China’s Baidu launches US dollar bond amid regulatory uncertainty at home
Chinese internet giant Baidu Inc is tapping debt markets with a two-tranche, U.S. dollar sustainability bond in a deal that could test global investor appetite for China tech assets as Beijing cranks up regulatory scrutiny. The search company on Wednesday launched a 5.5 year and 10-year U.S. dollar fixed rate senior unsecured sustainable notes transaction. It didn’t… Continue reading China’s Baidu launches US dollar bond amid regulatory uncertainty at home
Philippine supermarket operator AllDay Mart files to raise $119m in IPO
Philippine supermarket operator, AllDay Marts Inc, has filed for an up to 6 billion pesos ($119 million) initial public offering (IPO), the corporate regulator said on Wednesday, adding to a robust pipeline of share sales on the country’s bourse. AllDay Mart is planning to sell up to 7.5 billion shares, including the over-allotment option, at… Continue reading Philippine supermarket operator AllDay Mart files to raise $119m in IPO
Indian Thrasio-style venture UpScalio snags $42.5m from Presight Capital, others
Gurugram-based UpScalio, a five-month-old e-commerce brand investor and operator, has raised $42.5 million in its Series A funding round led by Presight Capital and an undisclosed global hedge fund, per an announcement. The startup’s funding round also saw participation of Heliad Equity Partners, MPGI, 468 Capital, Whiteboard Capital, alongside capital commitments from a consortium of… Continue reading Indian Thrasio-style venture UpScalio snags $42.5m from Presight Capital, others
S Korean online secondhand marketplace Danggeun Market raises $162m
South Korea’s Danggeun Market, the company behind secondhand marketplace Karrot, has raised $162 million in a Series D led by DST Global, the investment firm headed by billionaire Yuri Milner. Aspex Management and Reverent Partners joined the round while existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and… Continue reading S Korean online secondhand marketplace Danggeun Market raises $162m
BlackRock Real Assets buys stake in Korea’s Brite Energy, to inject $100m “over time” …
BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, is set to acquire an equity stake in Korean solar development and investment company Brite Energy Partners (BEP), according to a press announcement on Wednesday. Financial details of the transaction were not disclosed. As part of the deal, BlackRock Real Assets will provide… Continue reading BlackRock Real Assets buys stake in Korea’s Brite Energy, to inject $100m “over time” …
PE arm of Singapore’s UOB bank makes first close of fifth Asean-China fund at $35.5m …
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Laiye, China’s answer to UniPath, eyes unicorn status by end-2021, plans global foray …
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 Laiye, China’s answer to UniPath, eyes unicorn status by end-2021, plans global foray …
SoftBank Ventures Asia co-leads Series B funding in Chinese self-driving startup Neolix
Neolix Technologies, a Chinese autonomous vehicle startup for the logistics industry, has announced raising an undisclosed amount in its Series B funding round co-led by SoftBank Ventures Asia and CICC Capital. Existing shareholders Yunqi Capital and Glory Ventures also participated in the funding round that will finance the enhancement of Neolix’s range of services as… Continue reading SoftBank Ventures Asia co-leads Series B funding in Chinese self-driving startup Neolix
JustCo eyes growing demand for flexible workspace in post-pandemic recovery
Premium Before the likes of WeWork lured entrepreneurs and freelancers with free beer and foosball, Kong Wan Sing spent time at a serviced office leased by one of the largest global operators. It was then that the seeds of launching a co-working space were sown. Go to Source