Kazakhstan's Kaspi covered on first day of London IPO

Kaspi, the Kazakh fintech and e-commerce firm, has attracted enough orders to cover the books on its London IPO on the first day, according to sources close to the deal.

XPeng charges up $100m US IPO

Chinese electric vehicle manufacturer XPeng is aiming to raise up to $100m from a listing on the New York Stock Exchange.

K-pop shop aims for smash hit IPO

South Korea’s Big Hit Entertainment, manager of K-pop boy band BTS, has won early-stage approval for its IPO.

Industry Ventures raises $180m sophomore co-investment fund amid coronavirus lockdown

Industry Ventures has hit a $180m final close for its second co-investment fund amid talking up the "compelling opportunity" to invest in digital transformation in the coronavirus pandemic.

Lufax targets multi-billion-dollar US listing

Chinese peer-to-peer lender Lufax Holding filed IPO paperwork in the US on Wednesday for what is expected to be a jumbo listing.

BGH Capital agrees cut-price Village Roadshow buyout in wake of coronavirus shuttering

Australian theme park and cinema operator Village Roadshow has agreed to a cut-price offer from BGH Capital as it looks to recover from the impact of the coronavirus crisis.

Southeast Asia IPOs return to form as Covid concerns ease

Southeast Asian bankers are enjoying a revival in primary equity raising, after three large deals were launched or set to be priced this week. Bankers are guardedly optimistic they can keep up the momentum. Jonathan

Kester Capital hits hard cap close for sophomore private equity fundraise

Kester Capital has hit the £90m hard cap for the final close of its oversubscribed sophomore fund.

CapMan has goal in sight for sophomore growth fund thanks to €74m first close

Nordic private equity investor CapMan is in sight of its €85m goal for its latest growth fundraise.

PE-backed Vertafore targeted by rival Roper, other buyout firms, deal could reach $5.5bn – report

Private equity-backed insurance software company Vertafore is in the sights of other buyout houses and rival Roper Technologies in what could end up as a $5.5bn buyout.

Tembo Capital looks to equal total raised by all PE mining funds last year through a single fundraise

Mining-focused private equity house Tembo Capital is targeting up to $300m for a new fund to follow its stand-out sophomore raise in the sector last year.

ICG could raise €1bn for recovery fund targeting coronavirus opportunities – report

Intermediate Capital Group is reportedly in talks with LPs over raising a €1bn 'recovery fund' to invest in business opportunities thrown up by the Covid-19 pandemic.

Blackstone said to near biggest Indian RE portfolio buyout to date with $1.7bn Prestige Group deal

Global private equity giant Blackstone is reportedly near a $1.7bn buyout of Indian property developer Prestige Group's rental income assets in what is said to be the largest real estate portfolio buyout in the country

Rival offer sees Thoma Bravo up deal for insurtech business Majesco to $729m

Private equity house Thoma Bravo has upped its previously agreed deal for cloud insurance software provider Majesco to $729m amid rival interest from a new suitor.

LVMH veteran-led Spac eyes $225m US IPO

Singapore-based special purpose acquisition company (Spac) Aspirational Consumer Lifestyle Corp is looking to raise $225m from a listing on the New York Stock Exchange.

Ming Yuan Cloud pre-markets Hong Kong IPO

Real estate-focused software company Ming Yuan Cloud Group Holdings has kicked off pre-deal investor education for its Hong Kong listing, according to a senior source close to the transaction.

Ant clears up Alibaba ties, business model after SSE questions

Ant Group has tackled the nearly two dozen questions posed by the Shanghai Stock Exchange ahead of its jumbo concurrent IPOs on the Star market and Hong Kong. The digital payment firm’s ownership structure, especially

TA Associates buys Astorg portfolio business Surfaces Group after three-year hold

Astorg has agreed to sell manufacturing tools and consumables business Surfaces Group to fellow buyout house TA Associates.

Vitruvian Partners follows €4bn fund close with Unifaun sale to Marlin Equity

Vitruvian Partners has agreed to sell cloud logistics business Unifaun to fellow buyout house Marlin Equity Partners.

Pacific Equity Partners hits A$2.5bn hard cap close for smallest flagship fund since 2006

Australian buyout major Pacific Equity Partners has hit an A$2.5bn hard cap final close for its sixth flagship fundraise.

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