SoftBank Vision Fund-backed fresh funding pushes Roivant’s valuation to $7b


Roivant Sciences Ltd. raised $200 million in a new funding round that makes it one of the most highly valued private firms in the history of the biotechnology industry.

UBP said to hire about 15 bankers from BNP Paribas in Asia

Most of the former BNP bankers are based in Hong Kong, with the remainder in Singapore.

WeWork raises $3b in fresh funding from SoftBank

SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 a share or higher, depending on whether WeWork goes public, is acquired or raises a $1 billion round before that date.

Pension fund AustralianSuper targets property loans in US, UK

AustralianSuper is keen to extend loans of up to $360.3 million per asset in developed markets.

S Korean emotion AI startup Looxid Labs raises $4m Series A

Hastings Asset Management, Daesung Private Equity, Sejong Venture Partners and Samsung Venture investment were the lead investors.

EDBI-backed biotech firm Moderna Therapeutics files for $500m IPO

Moderna, valued at $7.5 billion, secured $500 million in a round participated by Singapore-based EDBI and Sequoia Capital China in February.

Nomura, Daiwa to lead sales push for SoftBank IPO, Japan’s biggest offering

Nomura Holdings Inc and Daiwa Securities Group Inc will lead the sales effort for Japan’s biggest initial public offering ever, the sale of stock in SoftBank Group Corp’s domestic wireless operation.

SoftBank to hire Deutsche Bank to advise on Saudi power investments

SoftBank could consider purchasing a minority stake in Saudi Electricity from the Public Investment Fund (PIF) sovereign wealth fund.

TH Real Estate launches $2b Asia Pacific Cities Fund

The Asia Pacific Cities Fund has identified 17 cities, including Tokyo, Sydney, Brisbane, Singapore and Seoul, for investments.

Australia’s BGH Capital snubbed on two billion-dollar deals in a single day

The rejections crush what BGH had hoped would be its first purchases since it was set up last year by former local heads of U.S. private-equity giant TPG Capital Management and Australia’s Macquarie Group.