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Category: Software and Hi-Tech

Guangdong issues special bonds to recapitalise small banks, paves way for Chinese local govts

The Guangdong provincial government sold Rmb10bn ($1.5bn) of special purpose bonds this week, creating a new form of support for small and medium-sized banks. The proceeds will provide a crucial source of funding for the

Sophie Bigeard joins Quaero Capital as head of multi-asset strategies for France

Opalesque Industry Update - Geneva-based specialist asset manager Quaero Capital has recruited Sophie Bigeard as Head of Multi-Asset Strategies for its French subsidiary Quaero Capital (France) SAS. She will be in charge of developing and

Värde Partners continues succession moves by naming new president, deputy CEO

Credit and distressed investment specialist Värde Partners has unveiled the latest step in its succession plan by naming Jon Fox as president and Andy Lenk as deputy CEO.

Permira-backed Allegro lists with market cap of €9.8bn

Permira-backed e-commerce company Allegro has listed on the Warsaw Stock Exchange with a market capitalisation of PLN 44bn (€9.8bn).

Storied aircraft engineering business Seanair gets AE Industrial Partners, Broadtree Partners backing

North Carolina private equity house Broadtree Partners has bought aerospace parts engineer Seanair Machine Co.

Mediterra acquires majority stake in Turkish fintech PayCore

Turkish private equity firm Mediterra Capital has signed an agreement to buy a majority stake in the Istanbul-based payment software provider Paycore.

Xpeng fuels $2.2bn ADS sale with investors’ new energy kick

China’s Xiaopeng Motors, an electric vehicle (EV) maker, leveraged on a big boost in interest in new energy stocks from investors to raise $2.16bn from a follow-on offering of its American Depositary Shares. Jonathan Breen

Vedanta quells debt fears with tricky return to bonds

Vedanta Resources sold a $1bn bond this week, easing mounting concerns about its debt repayment abilities. The metal and mining company’s return was not easy, as it had to concede to a number of investor-friendly

GP Profile: Silverfleet eyes fundraising progress, new acquisitions

Following a turbulent first half of 2020, when Silverfleet Capital focused on portfolio management, Katharine Hidalgo speaks to head of investor relations Andrew Harrison about how the firm is emerging from survival mode to turn

Blue Moon cleans up with top-end price for listing

Chinese detergent maker Blue Moon Group has raised HK$9.8bn ($1.27bn) from its Hong Kong IPO, which saw a strong turnout from global and local investors.

China’s Gaorong Capital hauls in at least $1bn towards fifth US dollar-denominated fundraise

Chinese early-stage investment house Gaorong Capital has raised at least $1bn for its fifth US dollar-denominated fund.

Idinvest leads +Simple funding round amid company buying April Entreprise

+Simple, a startup aiming to help simplify insurance underwriting, has closed a €20m funding round amid the acquisition of wholesale broker April Entreprise.

IK Investment Partners eyes Kersia as debut deal from €2.85bn Fund IX in buyout from Ardian

European private equity giant Ardian has entered talks for a sale of food safety business Kersia to fellow buyout house IK Investment Partners.

Jinan LGFVs net $380m

Two local government financing vehicles from Jinan, a city in China's Shandong province, hit the bond market on Wednesday. They raised $380m between them.

First thematic private equity fund from investment veteran Pictet Alternative Advisors targets ongoing tech revolution

Pictet Alternative Advisors has launched its first thematic private equity fund to focus on tech fund and direct deal investments.

Private equity trio celebrate €9.8bn Allegro valuation in Poland’s biggest-ever IPO

The private equity bet on Polish e-commerce retailer Allegro has paid off through Poland's biggest-ever IPO, valuing the business at €9.8bn.

Baltic-based LitCapital expands sights to Nordic, Polish deals through final close of sophomore fundraise

Baltic private equity house LitCapital has hit a final close for its sophomore fundraise after attracting back all its LPs from its debut vehicle.

PAG said to launch bulk drug platform with Anjan Drug buyout alongside CX Partners, Samara Capital

Asian private equity investor PAG has reportedly teamed with CX Partners and Samara Capital to buy a controlling stake in Indian drug maker Anjan Drug.

SMBC hires Lee for corporate banking

Former JP Morgan banker Luke Lee has joined Sumitomo Mitsui Banking Corp’s Hong Kong office in a senior position.

CPI Ronghe closes $250m deal with six banks

CPI Ronghe Financial Leasing, a subsidiary of Chinese state-owned State Power Investment Corp, has increased its loan size to $250m.

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