Home Mergers & Acquisitions
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.
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.
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 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 has on Thursday acquired India-based startup database provider Xeler8. The financial details of the transaction was not disclosed.
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.
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 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.
Golf inventory aggregator GolfLAN has made its second acquisition in six months, purchasing Singapore-based competitor GolfGreedy in a cash-and-stock deal.
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.