DealStreetAsia

DealStreetAsia™ is a media company based in Singapore that operates on a subscription model. It focuses on reporting all types of deals, including private equity, venture capital, mergers and acquisitions, public listings, and the activities of startups throughout Asia.

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HSBC-backed Hang Seng Bank to cut jobs as part of restructure

1 day ago | dealstreetasia.com | Selena Li

Hong Kong-based lender Hang Seng Bank said on Thursday that it was restructuring its business and streamlining duplicate roles in a move that would lead to job losses for about 1% of its “core staff”. Hang Seng Bank, which is 63%-owned by global banking group HSBC, “reviews and restructures its business from time to time” in response to “the ever-changing market condition and diversified client needs”, it said in a statement.
Actis closes second long life infrastructure fund at $1.7b

3 days ago | dealstreetasia.com | Kavitha Nair

Actis, a leading growth markets investor in sustainable infrastructure, has raised $1.7 billion in commitments for the second vehicle in its long life infrastructure fund strategy and secured the final close of the vehicle, according to an announcement on Tuesday (May 13). Actis Long Life Infrastructure Fund 2 (ALLIF2) continues Actis’s strategy of investing in operating infrastructure assets in growth markets.
Gaw Capital enters Abu Dhabi via $150m acquisition of Aldar's residential building

3 days ago | dealstreetasia.com | Eudora Wang

Real estate private equity (PE) firm Gaw Capital Partners announced on Tuesday its first investment in Abu Dhabi with the acquisition of a residential building for over $150 million. Gaw Capital, which commanded $34.4 billion in assets under management as of Q4 2024, acquired the residential building at Mamsha Gardens, a property located on Saadiyat Island in the capital of the United Arab Emirates (UAE), according to a company announcement.
Vietnam Digest: Sand battery startup Alternō raises funds; VinFast teams up with four PH partners

3 days ago | dealstreetasia.com | Quynh Nguyen

Alternō, a Vietnamese startup that provides thermal energy storage solutions using sand battery technology, has closed a Series A funding round, while Vietnamese electric vehicle manufacturer VinFast has signed a deal to collaborate with four partners in the Philippines. Alternō, a Vietnamese startup that provides thermal energy storage solutions using sand battery technology, has closed a Series A funding round for an undisclosed amount.
Secondaries are emerging as a key entry point for investors: Mercer

3 days ago | dealstreetasia.com | Kavitha Nair

There’s a quiet shift underway in how fresh capital is entering the private equity market. Historically, this capital—often held in cash or public markets—was first deployed into more familiar strategies like buyout and growth. Now, many investors are bypassing this path entirely, opting instead for secondaries, stated senior executives at global consulting firm Mercer. “The secondary markets are at the forefront.
DATA VANTAGE: Connect and Heal, HydraX, QE Labs in focus

3 days ago | dealstreetasia.com | Corry Anestia

Indian healthtech company Connect and Heal issued preference shares worth S$7.8 million (about $6 million) in May to multiple shareholders, including Malaysian boutique fund management firm Tradeview Capital, The Quarternary Group, and GSE Trust. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
Investors bet globally, but also 'go local' in Asia amid tariff moves

3 days ago | dealstreetasia.com | Eudora Wang

Amid unfolding US tariff developments, private market investors in Asia are preparing themselves for all options of deploying capital with both “global diversification” and “domestically-driven growth” in mind to mitigate potential downsides across borders. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets.
Indian e-scooter maker Ather Energy's fourth-quarter loss narrows

4 days ago | dealstreetasia.com | Nandan Mandayam

Indian electric two-wheeler maker Ather Energy reported a narrower fourth-quarter loss on Monday, helped by strong demand for its top-selling ‘Rizta’ family scooters. The company, which made its stock market debut last week, reported a loss of 2.34 billion rupees (about $28 million), compared to a loss of 2.83 billion rupees a year before.
Vietnam's electric ride-hailing player Xanh SM forays into food delivery

4 days ago | dealstreetasia.com | Quynh Nguyen

Vietnamese electric ride-hailing service Xanh SM under Green and Smart Mobility (GSM), which is 95% owned by Pham Nhat Vuong, the billionaire chairman of local conglomerate Vingroup, has forayed into the food delivery market with the launch of Xanh SM Ngon. After a trial period, Xanh SM is set to launch its new food delivery platform, Xanh SM Ngon, in Hanoi. This marks a significant expansion for the company within its green transportation ecosystem.
AllianzGI to ride energy transition, data centre growth in Asia

4 days ago | dealstreetasia.com | Kavitha Nair

Institutional investors are seeing increasing opportunities in Asia amid a growing appetite for infrastructure financing in the region to support development goals. But with the emergence of more financing options—such as the flourishing private credit model—even long-time funders are being forced to differentiate themselves in the market. Start your deal-making journey now!Subscribe now to enjoy unlimited access at just $59.