Deals

Shapoorji Pallonji to sell power project in Bangladesh, cut debt

The group’s Bhola power project in Bangladesh may be valued at around $270 million.

Singapore’s Olam to form two businesses as part of revamp, may list them

The decision comes a year after the Singapore-based firm exited four businesses.

Essel Infraprojects close to sale of two road assets to NIIF-Roadis

Essel had previously agreed to sell three of its road projects to CDPQ. But talks fell through last summer.

Indonesian P2P lender Akseleran closes $8.5m Series A round led by Beenext

Central Capital Ventura, Access Ventures, and Agaeti joined the round.

Private equity investors flock to Asia despite declining returns

Funds focused on Asia generated an internal rate of return of 12.8 per cent last year, down from 15.5 per cent in 2018, according to Preqin.

Mideast’s biggest lender Qatar National Bank focuses on SEA to expand

Expanding abroad is part of how the bank will continue growing despite the small scale of Qatar’s local market.

Editor’s take: The week that was – January 13-17

As we bid adieu to the week gone by, here’s a quick recap of the key developments that unfolded.

Japan’s Toshiba completes NuFlare takeover, snubs minority holders

Toshiba was already NuFlare’s biggest shareholder with 52.4 per cent when it initiated the buyout.

China’s HNA sells Pactera to state-owned CEC for $750m

HNA has been offloading assets from hotels to a container unit to pay down debt.

Tianjin in talks to sell stakes in two state-owned units to TCL

TCL has been a strong backer of Tianjin’s efforts to restructure its debt and introduce private investment in state-owned companies.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).

A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories.
A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).

A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories.
A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.