Novo Tellus Alpha Acquisition, a Singapore-based special purpose acquisition company (SPAC), said on Wednesday it was still pursuing buyout targets, denying media reports that it was seeking to pull the plug on its operations. “The activities to identify an optimal business combination target are ongoing”, but it has not entered any written, binding acquisition agreement,… Continue reading Singapore SPAC Novo Tellus Alpha Acquisition denies shutdown rumours
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JIC denies issues with Chinese antitrust regulator over $6.4b JSR buyoutJIC this week pushed back the expected start of its tender offer for JSR from …
State-backed Japan Investment Corp (JIC) sees no particular issues with China’s antitrust regulator over its planned $6.4 billion buyout of chip materials firm JSR Corp, the chief executive of the fund said on Wednesday. JIC, which is overseen by the trade ministry, this week pushed back the expected start of its tender offer for JSR… Continue reading JIC denies issues with Chinese antitrust regulator over $6.4b JSR buyoutJIC this week pushed back the expected start of its tender offer for JSR from …
Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down
Pegasus Asia, a Singapore-based special purpose acquisition company (SPAC) backed by alternative asset manager Tikehau Capital, said on Wednesday it would not make an acquisition by a Jan 20 deadline and would close down. The shell company, which was listed on the Singapore bourse in January 2022, had two years to acquire or merge with… Continue reading Unable to acquire/merge, Singapore SPAC Pegasus Asia to shut down
PE firm General Atlantic in talks to buy UK infra investor Actis
U.S. private equity firm General Atlantic is in talks to buy infrastructure investor Actis shortly after it filed for an initial public offering earlier this month, the Financial Times reported on Wednesday. The deal, which would add $12.7 billion to General Atlantic’s $77 billion of assets under management, has yet to be finalised, the report… Continue reading PE firm General Atlantic in talks to buy UK infra investor Actis
Abu Dhabi’s PureHealth surges 69% on market debut after billion-dollar IPO
Shares in Abu Dhabi healthcare platform PureHealth Holding climbed as much as 69% above their listing price on Wednesday on their market debut, after raising almost $1 billion in an initial public offering (IPO) for 10% of the business. PureHealth played a pivotal role in screening for COVID-19 infections in the United Arab Emirates, and… Continue reading Abu Dhabi’s PureHealth surges 69% on market debut after billion-dollar IPO
VanMoof 2.0: a new hope
The electric bike company’s new leadership outlines its post-bankruptcy plan to relaunch and expand into more areas of e-mobility. By Thomas Ricker, a deputy editor and Verge co-founder with a passion for human-centric cities, e-bikes, and life as a digital nomad. He’s been a tech journalist for almost 20 years. Share this story Photo by… Continue reading VanMoof 2.0: a new hope
Japanese startup Preferred Networks ramps up investment in AI chip designCompanies around the world are scrambling to secure AI chips amid excitement …
Japanese startup Preferred Networks is ramping up investment in customised artificial intelligence chips, seeking to ensure access to critical hardware as advances in generative AI spark a global investment boom. The company, whose investors include automaker Toyota and robot maker Fanuc, began developing its first generation AI chip in 2016 to power its supercomputers. “We… Continue reading Japanese startup Preferred Networks ramps up investment in AI chip designCompanies around the world are scrambling to secure AI chips amid excitement …
Deals Digest: Warburg Pincus forms logistics JV with Korean firm; ESR Japan beefs up real estate portfolio
Warburg Pincus has partnered with MQ Logistics for a logistics and industrial real estate joint venture, while ESR’s Japan arm has completed the acquisition of ESR Aisai Distribution Centre. Warburg Pincus, MQ Logistics set up joint venture Private equity firm Warburg Pincus has partnered with MQ Logistics, a South Korean logistics firm, to set up a… Continue reading Deals Digest: Warburg Pincus forms logistics JV with Korean firm; ESR Japan beefs up real estate portfolio
People Digest: Gaw Capital, BlackRock make key appointments
Hong Kong-based private equity (PE) firm Gaw Capital Partners has appointed Oliver Yates as head of Australia, while global asset manager BlackRock has hired Stephen Allan as head of private credit for Australia and New Zealand. Gaw Capital appoints Oliver Yates as Australia head Hong Kong-based, real estate-focused PE firm Gaw Capital Partners has appointed… Continue reading People Digest: Gaw Capital, BlackRock make key appointments
Omnivore leads $3m funding in Finhaat and India deals worth $73m
Mumbai-based insurance platform Finhaat has raised $3 million in its seed funding round led by Omnivore, with participation from Kettleborough VC, the company said in a statement. Founded in June 2022, Finhaat utilises its proprietary distribution infrastructure to deliver digital insurance services, targeting underserved groups such as rural communities and middle- to low-income populations in… Continue reading Omnivore leads $3m funding in Finhaat and India deals worth $73m