Noble Group

Bermuda court hands lifeline to Noble Group, approves restructuring


The green light from the Bermuda court means that Noble could emerge from restructuring as soon as next week after more than a year of hard-fought negotiations over its $3.5-billion debt pile.

SG Digest: Gobi Partners re-invests in WaveOptics; Umitron gets funding

Gobi Partners re-invests in UK augmented reality startup, WaveOptics while Spiking sells out its first tranche of initial token offering in the first three hours.

Spiral Ventures targets final close of first SEA & India fund in mid-2019

The venture capital firm is seeking to raise between $30 million and $50 million for the Southeast Asia and India fund.

SG’s Visvires New Protein invests in Israeli aquaculture startup ViAqua

ViAqua plans to use the funds to perform research and development, and optimise its final product before bringing it to market.

Natixis Investment Manager launches PE firm Flexstone Partners

US and France-based Natixis Investment Managers has merged three of its private equity affiliates — Euro-PE, Caspian Private Equity and Singapore-based Eagle Asia — to launch Flexstone Partners.

Singapore’s Grab snags $150m from Japanese automaker Yamaha

The funding comes little over a month after Grab raised $250 million from Hyundai Motor and its affiliate Kia Motors.

Alibaba-backed Lazada names new CEO for second time in 2018

Pierre Poignant, the company’s executive president, will succeed Lucy Peng as CEO with immediate effect, Lazada said.

KKR invests $33m in Singapore energy company in first impact bet

For KKR, the investment is the first as part of the firm’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact.

Indonesia surpasses Singapore to conduct most IPOs in 2018

Public listings in Singapore hit a five-year low with 15 companies raising a total of about $523 million in 2018, while Indonesia recorded a new high by raising a total of $1.1 billion from 57 listings during the year.

Alibaba-backed SingPost to deploy LogiNext tech to boost last-mile delivery

LogiNext, which raised its Series A round of $10 million from Alibaba-backed Indian payments major Paytm, is looking to raise its next round of funding which is said to be in the region of $10 million.