by Sebastian | Dec 19, 2019 | News, SEAPEC
Intel Corp. bought Habana Labs, an Israeli startup that develops chips for artificial intelligence applications, for about $2 billion to bolster its efforts in the fast-growing market for AI silicon. The purchase is the latest in a string of acquisitions aimed at...
by Sebastian | Dec 19, 2019 | News, SEAPEC
American Express Global Business Travel said Carlyle Group and several big name investors are buying a stake in the corporate travel company. American Express Co. will retain 50% ownership, according to a statement Tuesday. The deal values the unit at $5 billion,...
by Sebastian | Dec 9, 2019 | News, NPCD, SEAPEC
Danish serial entrepreneurs Mads Faurholt and Stefan Bruun have sold their stake in the comparison platform CompareAsiaGroup through their investment company Nova Founders Capital at a price that values the company at more than $200 million. The sale follows just...
by Sebastian | Nov 21, 2019 | News, SEAPEC
Sabana Shari’ah Compliant Industrial REIT and ESR-REIT, two Singapore-listed real estate investment trusts, are being urged to merge by activist fund Quarz Capital Management Ltd. Quarz began buying into Sabana REIT in 2018 and controls around 4% to 5% of the firm,...
by Sebastian | Nov 19, 2019 | News, SEAPEC
Billionaire David Rubenstein predicts faster growth in Asia-based companies Singapore may be the best place to start a private equity firm, according to David Rubenstein, co-founder and co-executive chairman of industry heavyweight Carlyle Group, who expects...
by Sebastian | Nov 19, 2019 | News, SEAPEC
Singapore’s Jungle Ventures said on Wednesday it has raised $240 million from investors, including Temasek Holdings, for a third fund designed to back Southeast Asian startups, highlighting the growing interest in the region’s technology firms. Jungle Ventures’ latest...
