Covid-19 “will test private equity industry like never before” as survey predicts distressed deals, private debt rise

More than 90% of private equity fund managers are predicting a rise in the volume of distressed dealmaking over the next 12 months amid the fallout from the coronavirus crisis - but it may not

Ex-CVC Asia operations director joins CDIB Capital to boost China investment capabilities

Asian private equity investor CDIB Capital has brought former CVC Capital Asian operations director Stephen Li to boost its Chinese investment abilities.

Vitruvian Partners buys into growing European digital signature, ID business Scrive

Vitruvian Partners has bought European digital signature and identity solutions business Scrive.

Investec spin-out launches recovery fund to save South African economy “in induced coma”

A new coronavirus economic recovery fund targeting South Africa has been launched by Ninety One, which has just demerged from Investec Bank, and Ethos Private Equity.

Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.

Sycamore emerges as potential JC Penney saviour, a month after backing out of Victoria’s Secret buyout

Sycamore Partners is reportedly in talks to buy US department store chain JC Penney out of bankruptcy, just a month after backing out of an agreed buyout of troubled fellow retailer Victoria's Secret.

Scorching hot healthcare IPOs net HK$2.7bn

Mainland-based firms OcuMension Therapeutics and Immunotech Biopharm sealed their Hong Kong IPOs at the top of guidance, riding on support from both institutional and retail investors.

Cathay Media to close HK IPO books early

Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the

The week in review: China finalises Star market follow-on rules, NDRC extends bond issuance approval deadline, JD Digits kicks off pre-IPO education

In this round-up, regulators release official guidelines for follow-on offerings in the Nasdaq-style Star market, issuers of onshore ‘enterprise bonds’ get an extension on their regulatory approvals, and a financial unit of JD.com starts pre-listing

The hot IPO trend of 2020: pay up now, acquire something later

In April, 80% of the money raised by US IPOs was for companies whose purpose is to fund acquisitions

China stuns market by halting Ant IPO at the eleventh hour

The Shanghai Stock Exchange stunned the market on Tuesday by halting Ant Group’s $34bn IPO, set to be the largest listing in history, just two days before the company’s planned stock market debut. The extraordinary

Jinke hits the road with $816m Hong Kong IPO

Chinese property manager Jinke Smart Services Group has launched its IPO. It is aiming to pocket up to HK$6.3bn ($815.9m) from the deal.

China’s move against Ant Group is a gift to its critics

China’s decision to clamp down on Ant Group has derailed an IPO of at least $34bn, despite execution being finished last week. The move appears to be little more than political muscle-flexing by Beijing. The

Blue Moon rises with Hong Kong listing rapidly covered

Blue Moon Group, a Chinese detergent maker, saw the book for its up to HK$9.8bn ($1.3bn) IPO covered within hours of opening on Friday.

Fosun-backed Gland Pharma readies Rp65bn IPO

Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has set the final terms for its Rp64.8bn ($866.5m) IPO in India.

RemeGen nets $515m from Hong Kong IPO

Chinese biopharmaceutical firm RemeGen has raised HK$3.99bn ($514.7m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter.

China pulls plug on Ant Group IPO

The Shanghai bourse stunned the market on Tuesday after halting Ant Group’s $34bn IPO, a deal which was set to be the largest listing in history. The extraordinary move, likely spurred by comments from Ant’s

Kakao Games eyes W340bn from long-awaited IPO

South Korean game developer Kakao Games is set to list in September for up to W340bn ($284.8m), reviving the deal two years after dropping its initial IPO plans.

Kerry Express launches $278m Thai listing

Thai express delivery company Kerry Express launched its IPO this week, aiming to raise up to Bt8.4bn ($278.2m) in proceeds.

The stock market drop has caused a lot of pain but private equity stands to benefit

The volatility has caused some M&A and initial public offering deals to be put on hold

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