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Month: August 2020

Vistas Media nets $100m from US Spac IPO

Vistas Media Acquisition Co (VMAC) has raised $100m after listing on the Nasdaq. It plans to use the funds for an M&A in the media and entertainment industry.

Hangzhou LGFV rides on bank demand for tight $300m debut

Hangzhou Qiantang New Area Construction and Investment Group Co, a Chinese local government financing vehicle (LGFV), found strong support from banks for its maiden dollar bond, allowing it to tighten price guidance by 70bp during

Redco returns with 364-day bond

Redco Properties Group returned to the dollar market with a sub-one year bond on Tuesday, two weeks after using up its offshore issuance quota.

Li & Fung uses coupon step-up to tackle downgrade risks

Hong Kong-based Li & Fung used a coupon step-up in case of a rating downgrade to attract investors to its $300m bond on Tuesday, as it gears up for a big hit to its business

Federal Reserve’s Covid response fuels private equity debt boom

Private equity firms are bingeing on junk bonds as central bank moves have supported high-yield debt markets

Occident leads CHF 5.1m series-A for Hemotune

Occident has led a CHF 5.1m round for therapeutic blood purification technology developer Hemotune, with participation from South Korea-based Greencross Medical Science Corp (GCMS) and the Zürcher Kantonalbank.

Venture capital fund invests in Antikytera E-Technologies

Dublin-headquartered startup Antikytera E-Technologies has received an investment from a venture capital house to further expand its remote assistance software and artificial intelligence technology.

VCs in €5m round for Klima

Germany-based venture capital investors EVentures, 468 Capital and HV Holtzbrinck Ventures have backed a €5m seed round for Klima, an app that allows users to make donations to mitigate their carbon footprint.

Clessidra to buy wine producer Botter

Italian private equity firm Clessidra is acquiring a majority stake in wine producer Casa Vinicola Botter from Dea Capital Alternative Funds and the founding Botter family.

Arsenal Capital Partners acquires Cello Health

Arsenal Capital Partners has completed the acquisition of AIM-listed healthcare consultancy Cello Health for a purchase price of £181.8m.

US companies should consider making slavery reparations, says Vista Equity Partners CEO

Vista Equity Partners CEO Robert Smith has said that companies which profited from the transatlantic slave trade should consider making reparations to African-Americans.

Shark Solutions raises funding from Circularity Capital

Danish recycled glass firm Shark Solutions has raised funding from Scotland-based venture capital firm Circularity Capital.

La Famiglia announces second fund

La Famiglia has announced its second B2B-focused venture capital fund, which is targeting €50m.

Churchill Real Estate picks up $2bn of new institutional capital

Churchill Real Estate has picked up $2bn of new institutional capital as it looks to capitalise on residential transition lending.

Stellex Capital Management brings in industry veteran pair for launch of Michigan office

Mid-market US private equity house Stellex Capital Management has expanded its operations through the opening of a new office in Michigan.

MCH buys pipes manufacturer Molecor

MCH Private Equity has acquired a majority stake in Molecor, a Spanish manufacturer of molecular orientated PVC (PVC-O) pipes.

One Equity Partners picks up wound care, medical procedure specialist American Medical Technologies

One Equity Partners has picked up advanced wound care and medical procedure supplies and services company American Medical Technologies.

Advent Life Sciences seals KaNDy sale to industry giant Bayer, deal could be worth over $975m

Europe's Advent Life Sciences has sealed a sale of KaNDy Therapeutics Ltd to industry giant Bayer in a deal which could see it collect in excess of $975m.

Unquote Private Equity Podcast: Made in Germany

This week, the Unquote Podcast focuses on Germany, where private equity activity has remained resilient despite Covid-19.

Arcline Investment Management makes Jersey Elevator latest buyout from $1.5bn debut fund

Arcline Investment Management has picked up elevator maintenance, modernization and installation Jersey Elevator.

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