Cambodia’s Phnom Penh SEZ get SEC approval for listing, to raise up to $11.6m


Based on the indicative offer price, the IPO would raise between $8.12 million and $11.6 million. The total market capitalization of Phnom Penh SEZ would be from approximately $40.5 to $57.88 million.

Daily Mail parent in talks with PE firms for Yahoo’s core business: WSJ

Daily Mail & General Trust PLC’s potential bid could take one of two forms, according to the report, citing people familiar with the matter. In one scenario, a private-equity partner would acquire Yahoo’s core web business, with the Mail taking over the news and media properties.

In the other scenario, the private-equity firm would acquire Yahoo’s core web business and merge its media and news properties with the Mail’s online operations.

TMT and consumer deals fall in Q1 as megadeals dry up: Mergermarket

The general downward trend in the sector, nonetheless, is a reflection of the overall global situation: the mega-deal frenzy, which drove M&A in 2015, is no longer the defining trend in the market.

HK’s Ally Bridge leads $150m investment in Sorrento Therapeutics

The investment is led by Ally Bridge Group (ABG), a healthcare-focused investment group in Hong Kong, and sees participation from Yuhan Corporation, its strategic corporate partner in South Korea, and others.

Marriott Hotel’s Starwood takeover approved by shareholders

China’s Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels, clearing the way for Marriott to buy the owner of Sheraton and Westin hotel brands.

Bain Capital rebrands its business units, announces new leadership positions

The firm’s business units would be rebranded as “Bain Capital” . Sankaty Advisors will operate as Bain Capital Credit while Brookside Capital will be Bain Capital Public Equity,

Verizon plans bid for Yahoo and its Yahoo Japan stake

First-round bids for the company’s main Web assets are due April 11, a person with knowledge of the matter said last week. Yahoo shares fell about 1 percent to $36.32 as of 3:16 p.m. in New York Thursday.

Canada’s Fengate Capital Management acquires Australian power plant

Canadian Fengate Capital Management has acquired an equity stake in the Western Australia Worsley Multi-fuel Cogeneration plant (Worsley MFC), marking its third investment in the APAC country and further strengthening its international infrastructure business.

ELEVEN:ZULU Capital launches $100m Pan-Asia and US fund

Eunse Lee, founder and special partner at the firm, said the fund expects to hit its first close in May with 30 to 40 per cent of capital committed. The company is looking at raising a parallel fund for Asia exclusively.

Samsung Venture leads $13.5m round for Japan’s Kyulux

Participating in the round were global OLED panel manufacturers including Samsung Display, LG Display, Japan Display and JOLED, top tier Japanese venture capital funds, and a Japanese Government affiliated venture fund.