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Analysis

Seven & i to tell Couche-Tard its takeover bid price is “inadequate”: report

Couche-Tard offered roughly $41.8b when it made its proposal in July, Nikkei reported.

Venture Capital

Asia Digest: Nvidia backs Sakana AI; Stephenson Harwood starts legal support for VCs

New Enterprise Associates, Khosla Ventures, and Lux Capital also backed Sakana Ai.

Analysis

BYD’s global expansion plans run into stiff test in Japan

Japan has reduced EV subsidies for BYD and also several of its rivals.

Analysis

Asia falls behind in PE-VC funding for plastic circularity firms

The industry in Asia amassed $500m from PE-VC investors in 2023—6.49% of the global total.

Deals

Blackstone, CPPIB to buy Aussie data centre group AirTrunk in $16b deal

AirTrunk is being acquired from Macquarie Asset Management and the Public Sector Pension Investment Board.

Venture Capital

Dubai-based fintech Ziina bags $22m led by Altos Ventures

The round was participated by Activant Capital and Y Combinator, among others.

Analysis

Deals Digest: Indonesian agritech Lokatani, MENA payroll startup Cercli raise funds

Lokatani has secured pre-seed funding from AsiaPay Capital and Jakarta Ventura.

Private Equity

Bain makes $4.1b offer to counter KKR’s Fuji Soft takeover bid: Nikkei

The offer is 5% higher than KKR’s bid.

Policy & Regulations

Japanese companies cannot use national security cover to block takeovers

The comments follow reports that Seven & i Holdings is seeking to be classified as “core” to national security.

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“These plug-ins are smart!!”

“Pakistani VC firm i2i Ventures closes debut fund, IFC commits $3mThe fund writes cheques worth $300,000 to $500,000 for initial investments…”

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