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Category: Software and Hi-Tech

Alberta makes rare Kangaroo outing

The Province of Alberta made a rare appearance in the Kangaroo market on Wednesday, printing A$100m with a February 2046 bond. Daiwa Capital Markets ran the books.

Nomura defies doldrums with strong showing

Nomura’s new chief executive is off to a strong start. Mark that down as a point for investment bankers.

Second time lucky for Continuum with green bond

Indian renewable energy company Continuum Energy Levanter made its debut in the dollar bond market this week, more than three years after pulling its initial attempt. However, it had to offer investors incentives to seal

China Fortune Land’s bonds see rollercoaster ride after defaults on domestic debt

China Fortune Land Development’s domestic and offshore bonds swung this week after the property company admitted to onshore defaults worth Rmb5.255bn ($813m), adding to ongoing concerns about its liquidity condition and access to funding. Addison

Myanmar’s political turmoil casts pall over rare acquisition loan

A $390m loan backing CVC Capital Partners’ acquisition of Myanmar’s Irrawaddy Green Towers (IGT) was abruptly put on hold this week after political turmoil rocked the country following a military coup. Pan Yue reports.

Kexim rakes in $1.5bn from triple-tranche outing

The Export-Import Bank of Korea got orders of nearly $6bn for a $1.5bn triple-tranche bond this week, showing the continuous appeal of deals from high quality credits.

Chinese firms Cloopen, Adagene kick off US listings

Cloopen Group Holding, a cloud-based communications provider, launched its New York Stock Exchange IPO on Wednesday night.

Indian Railways stays on track with $750m debt outing

Indian Railway Finance Corp (IRFC) sold its first bond since its IPO this week, raising $750m.

PTT Oil wraps up blow-out IPO as foreign investors left empty-handed

Thailand’s PTT Oil and Retail Business scooped up Bt54bn ($1.79bn) this week from the country’s largest IPO in a year. The deal was a hit with both domestic and foreign investors — but in a

New Horizon launches $263m Hong Kong listing

New Horizon Health hit the equities market on Thursday, aiming to raise up to HK$2.04bn ($263.1m) from its IPO, according to a source familiar with the matter.

Andera to exit e-learning firm amid edtech boom

IK Investment Partners is investing in the French company via its ninth mid-cap fund, closed in May last year at €2.85bn

Andera sells Skill & You to IK

Andera Partners has sold its majority stake in French distance-learning specialist Skill & You to IK Investment Partners.

Genesis closes first growth fund on €40m hard-cap

Czech Republic-based private equity investor Genesis Capital has announced the final close for its first growth fund on its hard-cap of €40m.

BayBG appoints Herreiner as managing director

Bayerische Beteiligungsgesellschaft (BayBG) has announced the appointment of Peter Herreiner as its new managing director, as of 1 February 2021.

Foresight prices IPO at £455m market cap

Foresight has priced its initial public offering with a market capitalisation of £455m.

VC-backed Auto1 completes IPO

Auto1, a used car trading platform that has received backing from VCs including Softbank and DN Capital, has completed its IPO on the Frankfurt Stock Exchange, marking the first IPO in Germany of 2021.

Osae Partners eyes Covid-19 market dislocation with €250m debut French RE fund close

French private equity real estate specialist Osae Partners has pulled in €250m for the final close of its debut fundraise.

ICG taps up PIMCO’s Lionel Laurant to help lead Covid debt Rescue Fund

Intermediate Capital Group has brought in former PIMCO European credit opportunities head Lionel Laurant as a managing director in the wake of launching a Covid-focused recovery fund.

Eurazeo receives €340m in commitments for growth continuation fund

Eurazeo will receive €340m of additional commitments for its Eurazeo growth strategy from a group of international investors.

Andera Partners agrees exit of e-learning provider Skill & You to IK after big sales year amid 2020 lockdowns

Andera Partners has agreed the sale of e-learning business Skill & You to fellow private equity house IK Investment Partners.

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