Luckin Coffee chairman survives ouster vote

Lu Zhengyao will remain chairman of Chinese chain Luckin Coffee after a vote to remove him went in his favour.

Software and Hi-Tech
JG Summit ends seven year hiatus with $600m bond

JG Summit ends seven year hiatus with $600m bond

Philippine conglomerate JG Summit Holdings managed to tackle investor questions and scrutiny into the impact of Covid-19 on its business to make a rare bond market outing for $600m.

Business Services
China policy round-up: Sino-US relationship worsens, Beijing commits to maintaining supply chains, India bans WeChat

China policy round-up: Sino-US relationship worsens, Beijing commits to maintaining supply chains, India bans WeChat

In this round-up, China joins a 12-country initiative to ensure supply chain connectivity, India has banned 59 Chinese apps including WeChat for being ‘prejudicial’ to its sovereignty and integrity, and tensions between China and the

Software and Hi-Tech
Great Wall Motors readies first internationally rated ABS

Great Wall Motors readies first internationally rated ABS

Tianjin Great Wall Binyin Automotive Finance is gearing up for a new Rmb3.37bn ($477m) auto loan ABS in China. For the first time, the issuer has obtained an international rating for its deal.

Politics
Carlyle scores 4x return on the sale of dental software maker

Carlyle scores 4x return on the sale of dental software maker

The €376m cash transaction is expected to close in the second quarter of the year

Manufacturing and Industrial
Investindustrial hires Asia chairman from Deutsche Bank

Investindustrial hires Asia chairman from Deutsche Bank

The European private equity group wants to expanding its presence in Asia to further support the growth of its portfolio companies

Oil and Energy
Bankruptcy case reveals the risks of cross fund investing

Bankruptcy case reveals the risks of cross fund investing

Energy-focused EnCap Investments had to write off $1.1bn invested in Southland Royalty when the exploration and production company sought bankruptcy protection in late January

Event
CDR bids for Huntsworth in mid-market take-private

CDR bids for Huntsworth in mid-market take-private

Clayton, Dubilier & Rice has launched a take-private bid for UK based healthcare marketing and PR firm Huntsworth, bidding an enterprise value of £524m for the company. The debt financing for the deal is a

Pharma and Healthcare
Clayton Dubilier & Rice to take UK’s Huntsworth private in £400m deal

Clayton Dubilier & Rice to take UK’s Huntsworth private in £400m deal

The healthcare communications agency's share price surged 51% following the news

Consumer Services
Advent hires head of European retail team from Towerbrook

Advent hires head of European retail team from Towerbrook

Chavanne, who will take on the role of managing director, has more than 14 years’ experience

Fintech and Finance
AMB :- Asia, Europe see a massive high of fintech investment in 2019

AMB :- Asia, Europe see a massive high of fintech investment in 2019

Laxman Pai, Opalesque Asia: While Europe saw a banner year of fintech funding in 2019, Asia saw relatively strong funding compared to historical norms, revealed a study. Europe set a new record for fintech funding

Academic Research
The Persistent Effect of Initial Success: Evidence from Venture Capital

The Persistent Effect of Initial Success: Evidence from Venture Capital

Posted by Ramana Nanda (Harvard Business School), Sampsa Samila (IESE Business School), and Olav Sorenson (Yale University), on Wednesday, February 26, 2020 Editor's Note: Ramana Nanda is the Sarofim-Rock Professor of Business Administration at Harvard

Oil and Energy
Dyal Capital takes stake in energy-focused private equity firm valued at $4bn

Dyal Capital takes stake in energy-focused private equity firm valued at $4bn

Neuberger Berman’s Dyal unit acquiring minority stake in Quantum Energy Partners

IPO
Companies put IPOs on ice as coronavirus fears shake markets

Companies put IPOs on ice as coronavirus fears shake markets

Carlyle has already delayed the US IPO of chemicals manufacturer Atotech

Fintech and Finance
Banks need to look within to combat London’s IPO drought

Banks need to look within to combat London’s IPO drought

Flotations in the City fell by more than half to 35 last year. With fewer joining than leaving, the number of public companies continues to fall

Politics
Carlyle invests in Belgian medical software provider Mak-System

Carlyle invests in Belgian medical software provider Mak-System

The firm said it used equity from two of its European funds to acquire a stake at the family-owned business

Consumer Services
SoftBank-backed startup pitched $3 peanut butter – consumers didn’t bite

SoftBank-backed startup pitched $3 peanut butter – consumers didn’t bite

Brandless, which sold generic household products online, all for one price, shut down this week after investors grew frustrated with losses

Politics
Hellman & Friedman engineers big workplace software merger

Hellman & Friedman engineers big workplace software merger

The all-stock deal will create a company worth roughly $22bn including debt

Consumer Services
Former TPG Growth consumer head launches new firm

Former TPG Growth consumer head launches new firm

The new consumer-focused firm will target investments of between $30m and $150m

Oil and Energy
AMB :- Greencoat Capital rakes in $358m for green energy fund

AMB :- Greencoat Capital rakes in $358m for green energy fund

Laxman Pai, Opalesque Asia: Infra investor Greencoat Capital has raked in £277m ($358m) of capital commitments for its new Greencoat Renewable Income (GRI) fund. Brunel Pension Partnership, Bristol, England, and the Sup...Article Link

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