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Month: July 2020

Bohai Bank bags $1.78bn from Hong Kong IPO

China Bohai Bank has priced its Hong Kong listing just off the floor of the marketed range to raise HK$13.8bn ($1.78bn).

Bonds round-up: ZhongAn sells $600m debut

Chinese issuers continued to bombard the dollar bond market on Thursday. Hangzhou Financial Investment Group Co, Yankuang Group Co and ZhongAn Online P&C Insurance were among those that sold deals.

PTT scores with super-tight 50 year deal

Thai oil and gas company PTT Public Co sold the first 50 year bond from an Asian corporation on Thursday, raising $700m from a tightly-priced deal.

China policy round-up: Beijing cleared of second wave of Covid-19, US sanctions officials, Trump administration looks into TikTok ban

In this round-up, the latest cluster of Covid-19 in Beijing city comes to an end, the US imposes sanctions on four Chinese officials and Mainland-based social media apps are faced with more pressure.

China markets round-up: Credit Suisse plans full control of China JV, Sina chair proposes Nasdaq exit, former CSRC head calls for delisting reform

In this round-up, Credit Suisse is reportedly seeking a bigger share in its onshore securities joint venture, Weibo’s parent Sina Corp considers delisting from Nasdaq after two decades and the former head of China’s securities

Borromin’s ProFagus completes refinancing

Beech charcoal and natural additives producer ProFagus, a portfolio company of Borromin Capital, has completed a refinancing with a debt package from H&A Global Investment Management.

Five Seasons et al. back €10.1m round for Yamo

Switzerland-based baby food producer Yamo has raised a €10.1m series-A round backed by new investors Five Seasons Ventures, Swiss Entrepreneurs Fund, Müller Ventures, Polytech Ventures, BackBone Ventures and Fundament.

ETF closes Environmental Technologies Fund III on £167m

ETF Partners has closed its third-generation Environmental Technologies Fund on £167m.

HIG Capital launches HIG European Capital Partners III

HIG Capital has launched HIG European Capital Partners III, dedicated to investment opportunities across Europe, Unquote has learned.

EQT Ventures leads $8m round for Traplight

Finnish mobile games studio Traplight has raised €8m in a funding round led by EQT Ventures.

Equita buys corporate finance firm K Finance in €7m deal

Investment banking specialist Equita has acquired a 70% stake in Italian corporate finance boutique K Finance.

Blackstone closes life sciences fund at $4.6bn

This is the first fund raised since Blackstone acquired biomedical investment firm Clarus Ventures in November 2018

Great Point’s MLM Medical Labs buys CirQuest

MLM Medical Labs, a German portfolio company of Green Point Partners, has acquired US-based CirQuest Labs as part of its international expansion strategy.

Moira invests in logistics operator Goi

Spanish private equity firm Moira Capital Partners has backed Goi, a logistics operator which specialises in the transport, delivery, assembly and installation of household goods and furniture.

Pictet closes Monte Rosa V on $1.164bn

Pictet Alternative Advisors has closed its fifth-generation fund-of-funds, Monte Rosa V, on $1.164bn.

P101 in €3.5m round for food marketplace Soplaya

Venture capital house P101 has led a €3.5m seed round for Soplaya, an Italian startup that offers an online marketplace for food producers and restaurants.

SmartFin Capital leads $25m series-C for MariaDB

Finnish database software firm MariaDB Corporation has raised $25m in an additional series-C round led by SmartFin Capital.

Caryle’s Rubenstein: US set for long recession post Covid-19, businesses must prepare for “very different” economy

Carlyle co-founder David Rubenstein believes the US is set for a long recession in the wake of the Covid-19 pandemic - and that business must be ready for a very different economy when it opens

Mercia sells NAC to PE-backed LGC for £18m

Mercia Asset Management has sold The Native Antigen Company, a medical research company, to LGC, a portfolio company of Astorg and Cinven, for £18m.

US, Asia-based DCM raises $880m fund pair thanks to stellar past performance

US and Asia-based early stage investor DCM Ventures has closed its biggest family of funds to date by hauling in $880m across a pair of new vehicles. The committed capital includes $780m for DCM IX, its

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