Hong Kong-listed real estate fund manager ESR Group, which halted trading in its shares on Monday, is subject to a potential take-private deal by a group of investors, three sources with knowledge of the matter said. ESR, which is backed by US private equity firm Warburg Pincus LLC, said in a stock exchange filing trading… Continue reading Warburg-backed ESR halts trading as potential take-private talks gather steamA group led by financial investors is planning a deal to take ESR private…
Author: Deal Street Asia Online News
Shares of OceanaGold Philippines decline in early trades on market debut
Gold miner OceanaGold Philippines Inc’s shares fell as much as 6% below their initial public offering (IPO) price in the first 15 minutes of trading on their market debut on Monday. The shares opened at 13.34 pesos ($0.2314) a touch above their IPO price of 13.33 pesos, but subsequently lost ground. Toronto-listed miner OceanaGold Corp… Continue reading Shares of OceanaGold Philippines decline in early trades on market debut
China’s ICBC to kick off TLAC bond sales with issuance of $4.15bIt marks the first issuance of such bonds by a Chinese bank.
Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of total loss-absorbing capacity (TLAC) bonds on May 15, marking the first issuance of such bonds by a Chinese bank. China’s major state-owned lenders face growing pressure to raise capital, especially as demands mount to support the economy, property… Continue reading China’s ICBC to kick off TLAC bond sales with issuance of $4.15bIt marks the first issuance of such bonds by a Chinese bank.
More GPs opt for alternative exit routes but LPs face a steep learning curve
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The LP View: Weak deal activity in India may lead to lower capital allocation to GPs
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China steps up focus on getting low-altitude economy off the ground
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OpenAI plans to launch AI-powered search engine to take on Google: reportOpenAI’s search product is an extension of its flagship ChatGPT product.
OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google. The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is working on a search product to potentially… Continue reading OpenAI plans to launch AI-powered search engine to take on Google: reportOpenAI’s search product is an extension of its flagship ChatGPT product.
Tokyo bourse seeks to draw SE Asian IPO hopefuls but challenges remain
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US PE giant Silver Lake raises $20.5b seventh fund—its biggest to dateIts predecessor fund had raised $20b in early 2021.
Silver Lake, the technology-focused private equity (PE) group famed for its successful takeover of Dell, has raised its largest fund to date with the final close on Silver Lake Partners VII at $20.5 billion. As its seventh flagship PE fund, the new vehicle tops the $20 billion that the firm closed for Silver Lake Partners VI… Continue reading US PE giant Silver Lake raises $20.5b seventh fund—its biggest to dateIts predecessor fund had raised $20b in early 2021.
TVS Holdings to buy 80.74% stake in Home Credit India Finance for $66m
Auto components manufacturing and distribution group TVS Holdings on Friday said it is acquiring an 80.74% stake in Home Credit India Finance, a consumer financing and personal loans provider, for Rs 554 crore ($66.4 million). Premji Invest and other associates will purchase the remaining stake. Home Credit India, a part of the Home Credit Group,… Continue reading TVS Holdings to buy 80.74% stake in Home Credit India Finance for $66m