Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

ESR Australia to complete Propertylink acquisition by April-end

As of March 20, ESR Australia had picked up a 98 per cent stake in Propertylink Securities.

SG-based venture builder FORUM to launch pre-Series A vehicle this year

FORUM, which has built six companies under its platform so far, claims to be the largest fintech builder in emerging Asia.

Texas ERS increases commitment to Baring PE Asia’s seventh fund

Baring PE Asia’s Fund VII recently hit its first close at $4.5 billion.

Malaysia’s Genting sells $1b bond to fund Resorts World Las Vegas

The 10-year notes due in 2029 are expected to be listed on the Offical List of the Singapore Exchange Securities Trading Ltd.

Malaysia’s Ekuinas exits investments in MediExpress and PMCare

Through this divestment, Ekuinas will generate a minimum internal rate of return of 38.8 per cent.

Japan’s Chikyoren picks UBS, Sumitomo Mitsui for alternatives mandate

Sumitomo Mitsui will manage Chikyoren’s overseas private equity mandate while UBS will manage the oveseas infrastructure mandate.

New York pension fund commits $250m to CVC Capital’s fifth Asia fund

The Asia-focused vehicle will target control, co-control investments across Asia, primarily Southeast Asia.

MY Digest: Globaltec gets new investor; AirAsia to spin off e-commerce site

Globaltec Formation is selling a 51% stake in its Australia-listed subsidiary NuEnergy Gas to Saujana E&P through a new share placement for A$38.62 million ($27.2 million).

PAG to deploy more capital in India, ropes in former KKR exec to lead PE team

The PE firm hit the final close for its third pan-Asian buyout fund, PAG Asia III, last November, with $6 billion in capital.commitments.

Australia’s Dexus raises $241m to up stake in office asset MLC Centre

DWPF is undertaking an equity raise of up to A$400 million to fund the acquisition of a further 25 per cent interest in the MLC Centre.