Private Equity
The deal puts the 148-year-old electronics-to-power stations maker in domestic hands.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
More Stories
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen
Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs
Indonesian fintech startup Finantier said to have shut down
Deals
JIP gained 78.65% of Toshiba through the tender offer.
IPOs & Markets
Hyundai Global Service targets a valuation of $3-4b.
Venture Capital
SOSV’s Orbit Startups, Sarmayacar, and other investors backed the round.
Doosan Corp’s stake in Doosan Robotics will shrink to around 68% from 91% following the IPO.
IFC will subscribe to a Bangladeshi Taka-denominated senior bond that will be issued by DBH.
Turkish President Tayyip Erdogan has asked Tesla CEO Elon Musk to build a vehicle factory in Turkey.
The deal will create an exit path for KKR and other shareholders.
The latest offer still represents an 8.8% premium to Costa’s last closing price.
SoftBank is looking for deals in AI, including a potential investment in OpenAI, per an FT report.
