M&A

GS Holdings looks to scrub out cleaning, dishwashing business

GS HOLDINGS is proposing to sell two wholly-owned subsidiaries for S$2, in a move that will take the company another step further from its dishwashing roots, but a step closer to focusing on newer...

Koufu's Deli Asia deal to 'bring in the dough'

THE proposed S$22 million acquisition of the Deli Asia group by food court and coffee shop operator Koufu Group is an "attractive" deal that could boost the mainboard-listed company's earnings per...

Koufu to acquire fried food and dough product supplier for S$22m

KOUFU Group has proposed to acquire Deli Asia, Delisnacks, Dough Culture and Dough Heritage for S$22 million.

Dealmaking slows amid travel curbs and valuation gaps

WHILE merger and acquisition (M&A) activity in Singapore has slowed this year, industry watchers expect more special-situation transactions, promoter-led privatisations, private equity-led...

BHG Retail Reit cancels Beijing outlet mall deal on Covid-19 impact

THE manager of BHG Retail Real Estate Investment Trust (BHG Retail Reit) has terminated its proposed acquisition of a Beijijng outlet mall due to the "impact of Covid-19 on capital markets and the...

B Capital urges its startups to seek M&A opportunities

GLOBAL venture capital (VC) firm B Capital, co-founded by Facebook billionaire Eduardo Saverin, is working with its Asian portfolio companies with ample cash to suss out merger and acquisition (M...

Arkphire acquires Singapore's Generic Tech in Asia boost

SINGAPOREAN IT solutions company Generic Technologies has been acquired by Ireland-based IT company Arkphire as part of the latter's Asia-Pacific expansion. While the deal sum is undisclosed,...

Dented valuations amid virus spread could offer Asia M&A buys

WHILE the grim market environment amid the Covid-19 outbreak has unnerved businesses, the economic downturn might be a good time for opportunistic buyers to come forward to pick up assets at a...

How ride will Grab-Gojek merger be?

THE ride-hailing sector is abuzz with merger talks between Grab and Gojek. Will it be a merger or a takeover? Who's the acquirer and who's the target?

Bankers in Asia brace for a virus-related deal drought

[HONG KONG] Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.

Cityneon buys US animated figures design firm in S$50m deal

CITYNEON Holdings, which delisted from the Singapore Exchange (SGX) last February, has acquired US-based animated figures design firm Animax Designs in a deal worth about S$50 million, The...