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Month: November 2020

Chinese borrowers rush to bond market

A flurry of Chinese corporations rushed to the dollar bond market on Wednesday, raising a total of $1.19bn between them.

Jinke Smart Services prices HK$5.9bn IPO at mid-point

Jinke Smart Services Group, a Chinese property manager, raised HK$5.94bn ($766.1m) this week after sealing its IPO at the mid-point of the marketed range.

The wrong sort of liquidity

Spare a thought for a young loans banker who recently told Taipan about his newfound freedom. I was drinking in Solas when the chap walked in on his own and ordered a Brooklyn Lager. Since

HKW hires ex-Goldman Sachs investor Ammar in tech investment push

Indianapolis-based mid-market private equity firm HKW has hired former Goldman Sachs investor Rick Ammar in a senior role to expand its tech investment efforts.

IK buys majority stake in GeoDynamics from Sofindev

IK Investment Partners has acquired a majority stake in Belgian software company GeoDynamics from Belgian private equity firm Sofindev and the management.

Altitude exits Mortec Semiconductor for 12.6x return

Altitude Partners has sold sensor technology design Moortec to Synopsys, generating a 12.6x return.

Capvis buys Arag

Swiss private equity firm Capvis has acquired a majority stake in Arag, an Italian manufacturer of sprayers and accessories for precision farming.

IK Investment Partners buys into mobile workforce localisation software specialist GeoDynamics

IK Investment Partners has tapped its €550m Small Cap II Fund to buy a majority stake in mobile workforce localisation software specialist GeoDynamics.

Speedinvest surges towards goal for second fund targeting disruptive digital marketplaces

European venture capital house Speedinvest is more than halfway to its €50m target for its second fund targeting disruptive digital marketplaces and platforms.

Virginia pension commits to HIG Europe distressed fund, new $7.5bn GTCR vehicle – report

The $83bn-managing Virginia Retirement System has committed more than $300m across a pair of private equity funds, including GTCR's newly-closed $7.5bn Fund XIII.

Seedcamp hails ‘special’ fundraise as VC firms help new vehicle to massive oversubscription

Seedcamp has hailed its 'special' £78m Fund V raise after the vehicle was almost 50% oversubscribed despite volatility around the ongoing global pandemic.

Pacer Ventures looking to solve funding gap for African startups

Sub-Saharan Africa's funding gap is the 'most critical problem on the continent' according to Pacer Ventures, which has launched a new fund hoping to solve the issue.

Country Garden Services returns to ECM

Country Garden Services Holdings Company has raised HK$7.785bn ($1bn) from a placement of new shares, riding on strong investor interest in property management services companies over the past year.

GlobalCapital Asia awards 2020: Investment banks

In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for

Petronas pockets $752m from dual block trades

Malaysian energy giant Petronas raised MR3.05bn ($751.8m) from a pair of secondary share sales on Thursday.

Tsinghua Unigroup defaults on dollar bonds

Embattled Chinese borrower Tsinghua Unigroup Co missed payment on a $450m bond that was due on Thursday, with the non-payment expected to trigger cross-defaults on a number of its other dollar notes.

Sino-Ocean prices IPO low to net HK$1.7bn

Chinese property management firm Sino-Ocean Service Holding has scooped up HK$1.74bn ($224.5m) after pricing its IPO below the mid-point of the marketed range.

Nio follows peers with $2.7bn ADS offer

Nio has launched a US follow-on offering that could raise up to $2.71bn, becoming the third Chinese electric vehicle (EV) maker to tap the equity market in less than two weeks.

Roundtable: Chinese high yield bond market fights off Covid volatility

GlobalCapital and Standard Chartered hosted a combination of virtual and in-person roundtable on the China high yield debt market at the end of November. The third part of a 2020 series followed the first roundtable

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