Oct 23, 2025

I heard that Supreme Energy is building a second geothermal plant in West Sumatra, expected to start operating in October 2027. Singapore leads in smart grid development in ASEAN with significant spending on digital grids. Tax insurance placements in non-M&A contexts in the APAC region rose to 20% in 2024. China’s power demand is projected to rise annually due to data centers and EV growth, with new industries expected to overtake heavy sectors by 2030.

In other news, David Einhorn’s hedge fund, Greenlight Capital, is not enthusiastic about AI spending, focusing on other investments like a biotech company and Pacific Gas & Electric. Japan is experiencing a buyout boom with increased cross-border M&A activity. The new Japanese prime minister, Sanae Takaichi, is expected to impact deal activity with stricter regulations on foreign investments.

Josh Kushner’s VC firm, Thrive Capital, is raising a new flagship fund targeting between $6 billion and $8 billion. Other notable funding rounds include Uniphore raising $260 million and Sesame raising $250 million. Notable private equity deals include Blue Owl Capital’s joint venture with Meta for a $27 billion data center project in Louisiana.

Furthermore, USDe, a stablecoin, experienced a significant drop to 97 cents against the dollar on Binance. Six Flags Entertainment Corp attracted activist investors, including Jana Partners and NFL star Travis Kelce. A peculiar tax evasion strategy involving snails emerged in London, where breeding snails in office buildings exempts them from property taxes.

Lastly, key metrics for SaaS companies were discussed, emphasizing the importance of monitoring payment processing revenue. The SaaS CFO offers outsourcing services for accounting and funding opportunities for SaaS founders. Resources for learning about SaaS metrics and forecasting are available to help finance professionals in the SaaS industry.

Stay Well!