DealStreetAsia

Germany's Allianz plans to buy majority stake in Singapore's Income Insurance

Allianz said the move would make it Asia's fourth-largest insurer, up from ninth previously.

DEG commits to invest about $18.7m in Phi Capital's latest PE fund

Phi Capital Growth Fund 1.6 seeks to raise about $250 million in total capital commitments.

Peter Thiel’s Valar Ventures anchors $20m Series A funding in UAE fintech baraka

The deal marks Valar’s first investment in the Middle East.

Etihad gets new CEO after takeover by Abu Dhabi wealth fund ADQ

Antonoaldo Neves will replace Tony Douglas, who has been CEO since 2018.

Thai Union, CJ CheilJedang, VisVires New Protein join cultivated meat startup Aleph Farms' $105m round

Existing investor VisVires New Protein, which led Aleph's Series A, joined the latest round.

Realty-focused Godrej Fund hits first close of new vehicle at $250m

Netherlands-based APG Asset Management is the cornerstone investor in the $500-million fund.

India: Ashok Piramal group to sell Miranda Tools to Swedish firm Sandvik

The acquisition improves Dormer Pramet’s presence in key markets such as India, China and Southeast Asia.

IFC proposes to extend $45m debt capital to two Bangladeshi companies

IFC is weighing a debt investment of up to $25 million in F&B major PRAN Group entity.

Switzerland's MET Energy plans billion-euro M&A deals in Europe

Met will pay particular attention to LNG deals in Western Europe, especially in Italy and Spain where it already has a customer base, allowing i…

Frasers merges two Singapore REITs in $1.1b deal

Combined, the group will have about S$5.7 billion of assets, propelling it into the city-state’s top 10 REITs.

Some of the European IPOs investors are tracking for next year

The region has had a strong showing in 2017 -- companies and their shareholders have raised about $55 billion in IPOs year-to-date.

French insurer AXA narrows M&A focus to 16 countries, including SE Asia & China

AXA will narrow its acquisition focus to 16 key countries and could sell some assets in markets where it lacks scale

China's Legend in talks to buy stake in Luxembourg bank BIL

China's HNA became the largest direct shareholder in Deutsche Bank,

Chinese Internet majors pursuing growth through M&A, trend likely to continue in 2017

Chinese Internet companies are pursuing international growth through M&A in a trend that is likely to see a slight dip in 2017.