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Month: June 2020

Cathay Media to close HK IPO books early

Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the

The week in review: China finalises Star market follow-on rules, NDRC extends bond issuance approval deadline, JD Digits kicks off pre-IPO education

In this round-up, regulators release official guidelines for follow-on offerings in the Nasdaq-style Star market, issuers of onshore ‘enterprise bonds’ get an extension on their regulatory approvals, and a financial unit of JD.com starts pre-listing

Hedge funds extend gains in May as business reopening accelerate

Opalesque Industry Update - Hedge funds advanced in May, extending strong April gains as the reopening of businesses accelerated throughout the month, and despite historically high unemployment figures and increased uncertainty surrounding civil rights protests

FS KKR Capital Corp. Announces Further Detail on Expected Reverse Stock Split

PHILADELPHIA , June 5, 2020 /PRNewswire/ --  FS KKR Capital Corp. (NYSE: FSK), a leading publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, announced that it expects

Norvestor Equity sells stake in modular building supplier

Founded in 2014, Wexus Gruppen was under Norvestor's ownership since 2017 and reported nearly €30m in revenue in 2019

Kinderhook Acquires Original One Parts

Kinderhook Industries has acquired Original One Auto Parts. This acquisition is the firm’s 86th acquisition in the automotive aftermarket. Dallas-headquartered Original One Parts is a provider of recycled, refinished, and certified original equipment manufacturer auto parts

Blue Sage Invests In Traffic Control Platform

Blue Sage Capital has acquired Barricades Unlimited, a provider of traffic safety and control products. Barricades Unlimited rents and sells lane markers, barricades, message boards, channelizing devices, work zone signs, and road construction work apparel.

Francisco Closes On $10 Billion

Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45

Raymond James Expands Investment Banking Team

Raymond James has added Andy Schwartz to its investment banking team as a managing director and co-head of its newly formed commercial and industrial services sector team. Mr. Schwartz has long been active in the

Payment problems rise in fast-growing private debt market

Default rates rise sharply for loans popular with heavily indebted private equity-backed companies

Morgan Stanley’s European healthcare banking head joins Moelis

The bank, run by Wall Street dealmaker Ken Moelis, has hired Philippe Gallone as a managing director

Capza acquires tech-focused growth investor

Following the transaction the firm will be launching a dedicated technology fund called Capza Growth Tech

Value Creation in Private Equity

Posted by Markus Biesinger (EBRD), Çağatay Bircan (EBRD), and Alexander Ljungqvist (Stockholm School of Economics), on Friday, June 5, 2020 Editor's Note: Markus Biesinger is Associate, Private Equity at the European Bank for Reconstruction and

Bargain hunters take a cautious approach to energy deals

A slow oil market rebound has energy-focused firms moving cautiously on investment opportunities arising amid the slump

Alternatives specialist Stafford buys Robeco’s $1.5bn PE business

The firm will set up an office in Rotterdam, the Netherlands, for the 11-strong team joining from Robeco

DevCo-backed Medix Biochemica adds-on two US companies

DevCo-backed Medix Biochemica, a Finnish biotech company, has acquired US companies Biostride and East Coast Bio (ECB).

Pillarstone Italy launches €600m turnaround fund

Pillarstone Italy has launched a €600m vehicle dedicated to bank credits with a special focus on unlikely-to-pay (UTP) exposures.

Norvestor Equity sells Wexus to TDR-backed Algeco

Norvestor Equity has sold its majority stake in Wexus Gruppen, a supplier of modular buildings, to London-based Algeco Group, a portfolio company of TDR Capital.

Elephant, Mosaic Ventures lead $18m round for Keelvar

US-based venture capital firm Elephant and London-based peer Mosaic Ventures have led a $18m series-A round for Keelvar, a procurement software developer based in Ireland, along with participation from Paua Ventures.

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