Laurene Powell Jobs lead backer for News Corp’s digital education biz Amplify

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Laurene Powell Jobs, widow of Apple Inc co-founder Steve Jobs, is the lead investor who funded the buyout of News Corp‘s money losing digital education business Amplify earlier this year. A representative for Powell Jobs‘ organization, the Emerson Collective, confirmed the investment in Amplify but would not specify how much of… Read more »

Singapore: Crowdfunding company CoAssets establishes second JV, enters China market

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Singapore-based and NSX-listed real estate crowd-funding company CoAssets has established its second strategic joint venture (JV) as part of its regional expansion. It has formed a JV with Fujian Yaosheng Zichan (Yaosheng), which will enable its entry point in the People’s Republic of China. According to a release, Yaosheng is a… Read more »


India: Nalanda Capital part-exits Mumbai-based lingerie maker Lovable

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Private Equity firm Nalanda Capital has part-exited its over two years old investment in Lovable Lingerie Ltd, a Mumbai-based women innerwear manufacturer. This comes soon after the PE firm divested bulk of its stake in sugar manufacturing firm Triveni Engineering & Industries Ltd. Nalanda has sold its 2.04 per cent stake in… Read more »


Malaysia’s 1MDB might sell power assets to China-Qatar consortium

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Malaysia’s 1MDB is nearing the sale of its power assets to a consortium including Qatar’s Nebras Power and China General Nuclear Power Holding Corp, people familiar with the matter said on Friday, in a deal that would bring relief to the scandal-hit state fund. 1Malaysia Development Bhd (1MDB), currently at… Read more »


India: Bajaj Electricals considers offer to buy Hind Lamps manufacturing biz

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Indian billionaire Rahul Bajaj-led Bajaj Electricals Ltd is considering an offer to buy manufacturing business of Hind Lamps Ltd (HLL), according to a stock market disclosure. Uttar Pradesh-based HLL is a manufacturer, supplier and exporter of aluminum caps, HID bulbs, glass bulbs and tube lights among other electrical products. “The… Read more »


Thailand’s GPSC to acquire overseas power plants to boost capacity

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Global Power Synergy Co (GPSC), an electricity and utility subsidiary of Thailand’s energy conglomerate PTT PCL, is in the process of negotiations for the purchase of two to three power plants overseas, says GPSC’s newly-appointed president Toemchai Bunnag. “Some deals are under due diligence. If possible, we expect to finalise them… Read more »


PH power firm DPC foraying into renewable energy business

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DMCI Power Corp (DPC), the power arm of Philippine diversified engineering conglomerate DMCI Holdings Inc (DMCI-HI), disclosed plans of venturing into renewable energy (RE) business.


India: Singapore’s GIC, Bain combine to outbid Advent for $300m Quest deal

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Private equity major Bain Capital has partnered with Singapore’s state investment arm GIC to battle the competing bid from Advent International for a 26% stake in Bangalore-based engineering outsourcing firm Quest Global for about $300 million, said a report in The Times of India. Silver Lake Partners, a US-based technology… Read more »


India: HK’s specialist fund SSG Capital to buy JP Morgan’s $30m debentures in ailing Amtek Auto

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Hong Kong-based SSG Capital Management has proposed to buy debentures worth $30 million (Rs 200 crore) in auto components maker Amtek Auto from JP Morgan Asset Management Company, according to a report in The Economic Times. The proposed investment, which is yet to be approved by the regulatory authorities, would… Read more »


Towers Watson amends merger terms to get shareholders on board for $18b deal with Willis

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Towers Watson & Co and Willis Group Holdings amended their merger agreement to more than double the special dividend for Towers Watson shareholders, who have rejected a proposed $18 billion merger between the two financial companies. Financial services provider Towers Watson‘s shareholders will now get a one-time cash dividend of $10.00… Read more »