Mergers and Acquisitions

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).

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…

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.

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.

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…

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

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…

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

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