Mergers and Acquisitions

Portugal’s EDP Renewables acquires 87.4% stake in Singapore’s Sunseap for $697M

The transaction allows EDPR to establish its presence in APAC with 540MW of operational and under-construction solar projects and a sizeable portfolio at different stages of development, namely 5.5GW of renewable projects.

Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah

hoolah will accelerate its growth with a platform to extend its BNPL offering to over 8,000 merchants and 30 million shoppers across nine markets in the Asia-Pacific. ShopBack will further enhance its suite of shopping tools and rewards by offering shoppers a responsible, convenient, and flexible payment option at checkout.

Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering

The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…

Singapore HealthTech HeartVoice acquires Integrated Wellness Clinic to combine tech capabilities with medical expertise

Through this acquisition, HeartVoice strengthens its team with the addition of a medical arm consisting of family physicians, qualified nurses, and sophisticated patient service officers.

Stripe to buy India-based payments reconciliation software provider Recko

Stripe has entered into an agreement to acquire Recko to help its internet businesses automate payments reconciliation.

Cloud communications firm Vonage acquires omnichannel conversational commerce solutions provider Jumper.ai

Vonage has acquired Jumper.ai to boost its existing portfolio.Conversational commerce is an in-demand retail trend that capitalizes on the growing convergence of shopping and conversations on platforms such as Facebook Messenger, WhatsApp, and Instagram, using the chat feature to create a seamless shopping experience. Consumers can engage in personal…

ASX-listed Novatti acquires Malaysia FinTech firm ATX Group for up to $7.4M

The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.

Petronas Twin Towers in Kuala Lumpur, Malaysia

Malaysia capital market regulator reviews SPAC framework – report

Against growing demand for such vehicles for high-growth companies, the current SPAC framework is being reviewed for greater efficiency, the regulator reportedly said.

EY: Asia-Pacific M&A hit highest value on record, fuelled by technological innovation & ESG agendas

M&A targeting technology companies hit a record high in Asia-Pacific with tech, advanced manufacturing and mobility sectors topped regional deal activity.

PayPal to acquire Japan BNPL unicorn Paidy for $2.7B

The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.