Mergers and Acquisitions
US cybersecurity firm Claroty raises $400M Series E funding led by SoftBank, acquires Medigate for extended IoT protection
Claroty has raised $400 million in Series E funding and entering an agreement to acquire Medigate. The round brings the company’s total funding to $635 million, making it the most well-funded cybersecurity company in the industrial, healthcare, and enterprise IoT sectors.
Binance Asia Services invests in Singapore private securities exchange HG Exchange
Binance Asia Services, the blockchain ecosystem and cryptocurrency provider behind Binance Singapore, announced its post-money stake of 18 percent in Singapore private securities exchange Hg Exchange (HGX). Through this investment, Binance Singpoare seeks to work with HGX in enhancing offerings of products and services supported by blockchain technology.
Grab to debut on NASDAQ after investors approve SPAC merger
Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.
Vietnam’s Society Pass eyes M&A opportunities in Indonesia, Philippines after share price jumps more than 400% on NASDAQ
The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-Commerce and online travel.
Singapore’s Doctor Anywhere acquires Thailand’s largest telemedicine platform Doctor Raksa
The acquisition will also support Doctor Anywhere’s growth trajectory and enhance the group’s regional strategy of enabling borderless healthcare.
Singapore’s PE fund ABC World Asia exits solar energy firm Sunseap Group with EDP Renewables deal
ABC World Asia (ABC World), the Singapore-based Asia-focused private equity impact fund, is set to make its first exit as part of a transaction between shareholders of portfolio company Sunseap Group and global renewables energy producer EDP Renewables (EDPR).
Siam Commercial Bank buys 51% stake in digital asset exchange Bitkub for $540M
Under the deal, SCB’s affiliate SCB Securities Co., Ltd. (SCBS) will become Bitkub’s major shareholder and will be responsible for driving and engaging closely with the company as a business partner in building a business and digital asset ecosystem whereby digital asset exchange will become one of the nation’s key infrastructure segments to achieve further…
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…
