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Month: January 2021

SAIC-GMAC seals year’s first auto ABS

SAIC-GMAC Automotive Finance Co has sold the first auto loan ABS transaction of the year in China, printing a Rmb10bn ($1.55bn) deal this week.

Huarong Leasing returns for $300m

China Huarong Financial Leasing Co wooed investors with a $300m short-dated bond on Thursday to meet some of its general funding requirements, returning to the debt market less than six months after its last outing.

Home Credit innovates with consumer loan ABS

Chinese originator Home Credit Consumer Finance Co sold a Rmb1bn ($155m) consumer loan ABS this week, opting for a different type of underlying assets compared to its past deals.

Gracell Biotech boosts US IPO size to $209m

Gracell Biotechnologies has raised $209m from its Nasdaq IPO after increasing the size of the float and pricing the deal above the initial marketed range.

Chinese issuers wrap up busy week for issuance

Five Chinese corporate borrowers pushed into the debt market on Thursday, capping a frantic pace of deal flow this week that set a new record for Asia bond issuance.

New World builds Asia’s first sustainability-linked bond

Hong Kong-based property developer New World Development Co (NWD) opened a new area of issuance for Asian borrowers on Thursday when it sold the region's first dollar sustainability-linked bond.

BOC makes ‘big bang’ move with maiden transition bond

Bank of China sold its debut transition bond on Thursday, giving the still nascent market a big boost by opting for a dual currency dollar and renminbi deal.

China policy and markets round-up: PBoC unveils 2021 goals, Beijing extends SME support, Trump bans Alipay, WeChat Pay

In this round-up, the central bank sets working goals for 2021, the Chinese government extends its policy to support small and micro-sized enterprises, and the US bans eight Mainland-based applications including the popular Alipay and

Democratic control sparks unease in private equity

With Democrats in the White House and Congress, private equity sees the possibility for a clutch of tax rises; venture capital sees a silver lining in better prospects for ‘start-up visas’

Comment: Accentuate the positive, eliminate the negative and City’s mood is up

Post-Brexit: Despite financial services feeling ignored, there is a sense of cautious optimism

Foresight reaches interim close of sustainable energy fund at €430m

Swedish pension fund and US investor join fund

Bill Gates and Blackstone team up for $4.3bn Signature Aviation bid

Under UK takeover panel rules, the consortium has until 14 January to either make an offer or walk away

Apax France to acquire NL Mental Care from NPM Capital

Apax France is to wholly acquire NL Mental Care in an SBO from NPM Capital.

Marlin and Francisco to merge Unifaun and Consignor

Marlin Equity Partners-backed company Unifaun has announced its merger with Consignor, a portfolio company of Francisco Partners.

CVC Capital Partners buys Stark Group from Lone Star

CVC Capital Partners has signed an agreement to wholly acquire Danish heavy building materials distributor Stark Group from Lone Star Funds.

Ares, Ontario Teachers’ pension buy into PE-backed global packaging major TricorBraun

Ares Management and the Ontario Teachers' Pension Plan have teamed up to buy a majority stake in AEA Investors-backed global packaging major TricorBraun.

Sixth Street eyes European debt market with newly-raised €1bn fund

The firm's latest direct lending vehicle surpassed its €800m target

Blackstone, Carlyle in talks to take Signature Aviation private

Blackstone Group and Carlyle Investment Management are each in talks to de-list aviation services company Signature Aviation.

EQT, Verdane to merge Confirmit and FocusVision

Private equity firms EQT and Verdane have announced the merger of their respective portfolio companies FocusVision and Confirmit.

Insight Partners helps create one of 2021’s first tech unicorns through huge Series B investment round

Private equity house Insight Partners has created one of 2021's first tech unicorns through a huge Series B investment in digital product building software specialist Quantum Metric.

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