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Deals Asia Digest: Savills IM expands its Japan portfolio; Cboe, based in the United States, acquires Chi-X Asia Pacific
The Japan assets were bought through off-market deals by Savills IM.
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Savills IM expands its Japan portfolio; US-based Savills IM expands its Asia portfolio Chi-X is purchased by Cboe. Asia and the Pacific
Indian banks have suspended links with cryptocurrency exchanges as a result of a central bank directive.
S SK Innovation, a Korean company, is considering offering its battery business.
SCI Ecommerce, based in Singapore, has raised $65.4 million in a round led by EDBI and others.
Kitopi, a Dubai cloud kitchen, raises $415 million from SoftBank and others.
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Adrian Cheng’s C Ventures invests in CASETiFY, a tech accessories business aimed at Gen Z, while Velocity Ventures closes its first $20 million SE round. Hospitality and tourism fund with a focus on Asia
WeMaintain raises $36 million in Series B fundraising for worldwide development and establishes a Singapore office, according to HarbourVest WeMaintain raises $36 million in Series B funding for global expansion and opens a Singapore office.
Alpha JWC of Indonesia has filed for a $300 million third venture capital fund.
Regulations & Policy
Indian banks have suspended links with cryptocurrency exchanges as a result of a central bank directive.
Even payment gateways like Razorpay, PayU, and BillDesk have cut relations with the company.
IPOs & Markets SK Innovation, based in South Korea, is considering offering its battery business.
The move comes as demand for electric vehicles rises, and carmakers partner with battery manufacturers to assure consistent supply.
SCI Ecommerce, a venture capital firm based in Singapore, has closed a $65.4 million round led by EDBI and others.
SCI’s last private market funding before a Nasdaq IPO is likely to be this transaction.
Dubai cloud kitchen deals Kitopi raises $415 million in funding from SoftBank and others.
This is the fund’s first investment in a company based in the United Arab Emirates.
Regulations & Policy
Telenor, a Norwegian company, is rumored to have hired Citi to look about selling its Myanmar unit.
Last year, Myanmar accounted for 7% of Telenor’s revenue.
Deals
SoftBank invests $200 million in the Mercado Bitcoin cryptocurrency exchange in Latin America.
The agreement comes as market opinion around cryptocurrencies has deteriorated as a result of regulatory crackdowns.
Deals Partners Group acquires a 24.9 percent investment in Apex International in China.
In the areas of private equity, real estate, and infrastructure, Partners Group has invested approximately $145 billion.
Markets & Initial Public Offerings
Krafton, the producer of the PUBG video game, has lowered its IPO aim by a quarter.
The offering would raise 4.3 trillion won ($3.8 billion) at the top end of the range.
Deals
The Future Fund of Australia is ranked first among sovereign investors in terms of governance.
The NZ Super Fund, Norges Bank Investment Management, and CDPQ were the next best performers./n
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