A potential sale could value Paradise Group at as much as S$500 million ($367 million).
India Digest: OYO’s portal for travel agents; Paytm to launch ad platform
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
Rest of Asia
The Gulf has seen a flurry of international debt issuance as governments and companies take advantage of low global rates to attract yield-seeking inv
Temasek was said to have decided against investing in Saudi Aramco’s initial public offering, in part over environmental concerns.
So far, FMO has invested about 703 million euros ($778 million) in India across 61 companies.
The new business will be headed by John Paitaridis, former MD of Australian telco Optus Business, who recently joined BGH as CEO of its IT portfolio.
P7 has already committed to two new investments.
Unizo last week rejected a buyout proposal from Blackstone as well as one from a "locally renowned" fund that it did not identify.
KKR will make the investment from its $9.3-billion Asian Fund III.
ACE Equity Partners will become the largest shareholder in Tesna.
The deal has generated a 2.75x return for the PE firm.
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