Mergers & Acquisitions

Singaporean iFashion acquires lifestyle marketplace Megafash for US$2.23 million

iFashion Group makes its fourth acquisition to date, buying Singapore-based lifestyle marketplace Megafash for US$2.23 million to beef up its portfolio before IPO.

Razer acquires Nextbit, the maker of cloud-based smartphone Robin

Nextbit, the startup responsible for cloud-based smartphone Robin has become part of the Razer Family. However, Nextbit will remain as a standalone business, continuing to support the Robin smartphone while enhancing the Android ecosystem.

Vietnamese buyout firm PHI Group to acquire majority stake in agribusiness HMC

PHI Group, a U.S.-based private equity investment firm has recently acquired the majority stake in Vietnamese agricultural company HMC which specialises in the cultivation and processing of turmeric.

Indonesian Indo Komoditi to acquire Sinar Cahaya Cemerlang, Zonergy’s local unit for US$33 million

Indonesian rubber producer, Indo Komoditi has acquired Sinar Cahaya Cemerlang (SCC), a local unit of Zonergy for US$33 million which will be supplied by major shareholders Alam Tulus Abadi (ATA) and Sinoasia. The shareholders' approval for transaction is slated on March 2, 2017.

Chinese accelerator ZDream Ventures acquires startups database provider Xeler8

Chinese accelerator ZDream Ventures has on Thursday acquired India-based startup database provider Xeler8. The financial details of the transaction was not disclosed.

Chinese hotel management GreenTree Group to buy CVC-backed Da Niang Dumplings

Owner of Green Oriental Hotel and GreenTree Inn Hotel, China hotel management group GreenTree has crossed the border and entered into the catering business via its acquisition of Da Niang Dumplings.

China Exim Bank fund buys Hungarian telecom firm Invitel for US$214 million

The China-CEE Fund, which focuses its investments in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of €202 million (about US$214 million).

Singaporean online art gallery The Artling raises US$1.78 million series A from Edipresse Media

Singaporean The Artling aims to be the go-to online art gallery for Asia, as it raises a US$1.78 million Series A intended for marketing and talent acquisition. The online art platform also bought Artshare.com in order to expand into Hong Kong and Great China.

Online golf platform GolfLAN acquires Singapore-based competitor GolfGreedy in cash-and-stock deal

Golf inventory aggregator GolfLAN has made its second acquisition in six months, purchasing Singapore-based competitor GolfGreedy in a cash-and-stock deal.

Indian Aurobindo Pharma acquires Portugal’s Generis for Rs 970 crore in a bid to...

Aurobindo Pharma has inked the binding agreement, through its wholly-owned subsidiary Agile Pharma BV of Netherlands, to acquire Generis Farmaceutica SA from Magnum Capital Partners for a total consideration of 135 million euros.
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