Japan outpaces China in overseas M&As clocking record $191b worth deals in 2018


Japanese companies announced more than 1,000 offshore acquisitions totaling a record $191 billion last year, led by Takeda Pharmaceutical Co.’s blockbuster takeover of Shire Plc.

Australia’s Healius rejects $1.2b buyout bid from China’s Jangho Group

Jangho, which is also Healius’ biggest shareholder, with a 16 percent stake, made a bid last week to acquire the New South Wales-based company.

Korea Post arm to commit $50m to Adams Street’s VC fund: Report

The $112-billion Korea Post intends to invest more than half of its commitments in startups via FoFs.

Boston-based Pear Therapeutics raises $64m in Temasek-led round

Other investors, who participated in the funding, include Swiss drugmaker Novartis AG and Arboretum Ventures.

Alphabet’s life sciences unit Verily raises $1b in Silver Lake-led round

Verily, which was previously part of Google’s research and development unit, received an $800-million investment from Singapore’s Temasek in 2017.

US-based March Capital raises over $300m for two VC funds

Largely focused on the US, the VC firm is also keen to step up its pace of investments in India and was also considering setting up a base in the country.

Sri Lanka’s LankaPropertyWeb acquires local unit of property site Lamudi

The acquisition of lamudi.lk’s listings and the local operations of Lamudi Sri Lanka will enable LankaPropertyWeb to expand its reach and property portfolio.

SoftBank said to hire Goldman veteran for new investments unit

The hiring is the latest move by Masayoshi Son to transform SoftBank into a technology-focused investor with initiatives such as the near-$100 billion Vision Fund.

Dubai’s Noor Bank wins right to swap Abraaj debt for fund stakes

Noor Bank will hold the stakes alongside other investors and limited partners.

S Arabia said to seek advisers for biggest bank merger since 2016

Saudi Arabia is exploring mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank.