Singaporean electronic brand Prism+ has raised $32 million from TNB Aura while Australian venture capital firm Blackbird has invested in health tech startup Sonder’s Series B funding round. In M&A news, Animoca Brands has agreed to acquire WePlay Media, a racing video game developer. Prism+ bags $32m from TNB Aura Singapore-based home appliance startup… Continue reading Asia Digest: TNB Aura invests in Prism+; Blackbird backs Sonder; Animoca Brands to buy WePlay MediaHome appliance startup Prism+ has secured $32m in s…
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Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round
Fujian Deer Technology Corp, a Chinese manufacturer of materials used in applications like integrated circuits (ICs), flat-panel displays, and optical fibers, has secured 2.036 billion yuan ($290.5 million) in its pre-IPO funding. Anhui Transportation Zhaoshang Industry Investment Fund, a 5-billion-yuan ($713.6 million) fund backed by expressway operator Anhui Transportation Holding Group in eastern China, led… Continue reading Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round
OTPP completes co-control acquisition of packaging firm GPA Global from EQTOTPP said this was its first co-control private equity investment in Asia.
Ontario Teachers’ Pension Plan Board (OTPP) has acquired a co-control stake in Shenzhen- and Seattle-headquartered packaging solutions firm GPA Global from Swedish private equity firm EQT and other minority shareholders. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the company, the Canadian pension fund said… Continue reading OTPP completes co-control acquisition of packaging firm GPA Global from EQTOTPP said this was its first co-control private equity investment in Asia.
US pension fund CalSTRS commits $325m to vehicles of PAG, Greystar
California State Teachers’ Retirement System (CalSTRS), one of the largest US pension funds, has committed a total of $325 million to Asia-focused real estate funds managed by PAG and Greystar. In its 2022 semi-annual report, CalSTRS said it committed $200 million to PAG Real Estate Partners (PREP) III and another $125 million to Greystar EP… Continue reading US pension fund CalSTRS commits $325m to vehicles of PAG, Greystar
Cleantechnica: 16% Of New Car Sales In Germany Fully Electric, 28% Have A Plug 002255
It seems the German automotive market has bottomed out, having grown 3% in August, while plugins are also recovering. Sales of full electric vehicles (BEVs) were up in August by 13% year over year (YoY). There were 31,734 BEV registrations last month, representing 16% of the overall market. This time Plugin hybrids (PHEVs) also helped,… Continue reading Cleantechnica: 16% Of New Car Sales In Germany Fully Electric, 28% Have A Plug 002255
Clean Technica: 14% Of New Cars Now Fully Electric In France!002254
Plugin vehicles continue to rise in France, with last month’s plugin vehicle registrations ending at 19,712 units. That means it was another two-digit growth month for plugin vehicles (PEVs) in France. With the overall market presenting its first positive month in a long time, up 4% year over year (YoY), but still down a significant… Continue reading Clean Technica: 14% Of New Cars Now Fully Electric In France!002254
All iPhone 15 models will reportedly feature Dynamic Island display cutouts
The entire iPhone 15 lineup will reportedly include the iPhone 14 Pro’s Dynamic Island. In a tweet spotted by MacRumors, display analyst Ross Young said he expects Apple to make the screen cutout standard on all 2023 iPhones. Additionally, the company will reportedly keep its ProMotion 120Hz display technology exclusive to Pro variants due to… Continue reading All iPhone 15 models will reportedly feature Dynamic Island display cutouts
Puerto Rico loses power as Hurricane Fiona brings threat of ‘catastrophic’ flooding
Almost exactly five years after Hurricane Maria left Puerto Rico in the dark, the US territory is once again facing a power crisis. On Sunday, LUMA Energy, the company that operates the island’s electrical grid, announced that all of Puerto Rico had suffered a blackout due to Hurricane Fiona, reports Reuters. With the storm nearing… Continue reading Puerto Rico loses power as Hurricane Fiona brings threat of ‘catastrophic’ flooding
‘Elden Ring: The Board Game’ will bring the Lands Between to the tabletop
If From Software’s uncompromising approach to difficulty has prevented you from playing Elden Ring, you’ll soon have another way to experience one of the most popular games of the year. This week, Steamforged Games announced it is adapting Elden Ring into a board game. According to Mat Hart, the co-founder of the company, “fans should expect… Continue reading ‘Elden Ring: The Board Game’ will bring the Lands Between to the tabletop
Chubu Electric joins all-Japan consortium to buy out ToshibaThe consortium includes private equity firm Japan Industrial Partners (JIP).
Chubu Electric Power Co said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp. Toshiba, which is exploring going private and other options, has selected Bain Capital, CVC Capital Partners, Brookfield Asset Management and a consortium involving JIP and… Continue reading Chubu Electric joins all-Japan consortium to buy out ToshibaThe consortium includes private equity firm Japan Industrial Partners (JIP).