Japan: Tech startups Megakaryo, Every, Base & Cognitee raise funding


Megakaryon Corporation, Every, Base and Cognitee, technology businesses based in Tokyo, have raised funding for further growth. 

NZ Super reaps better returns with bets on high-growth domestic private firms

The fund has generated an IRR of 14.7 per cent net of fees or a 1.5x Multiple of Invested Capital, which is 0.7 per cent over its expected return at the outset of the investment.

Renault-Nissan-Mitsubishi alliance sets up $200m new mobility tech fund

This is the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.

Australia: Pacific Star Network to merge with sports content firm Crocmedia

PNW will acquire 100 percent of the equity in Crocmedia in exchange for 91.6 million PNW shares.

Oaktree buyout caps spectacular wipeout of Aussie surfwear giant Billabong

Oaktree subsidiary Boardriders Inc agreed to buy Billabong in a deal that values the surfwear brand at about $155 million.

VIG Partners acquires Korean footwear fabric maker Youyoung for $206m

It made the acquisition through a special purpose vehicle jointly set up with Youyoung founder and CEO Jung Ho-tae.

Uber’s Kalanick mulls sale of 29% of his stake in ride-hailing giant

One of the wealthiest people in the world on paper, Kalanick would become an actual billionaire for the first time as a result of the sale.

Brookfield-affiliate to buy Toshiba-owned Westinghouse Electric for $4.6b

Brookfield Business Partners LP and institutional partners will buy the business using $1 billion of equity and $3 billion of long-term debt financing.

US-based Mojo Networks, vendor to India’s Reliance Jio, eyes IPO in two years

The company has so far raised about $70 million from investors including Morgan Stanley and various venture capital firms.

UK’s Foresight Fund acquires Canadian Solar’s Queensland farm

Nasdaq-listed solar power firm Canadian Solar Inc. has divested the Oakey 2 Solar Farm in Queensland as part of a portfolio sale to London-based Foresight Solar Fund Limited.