The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.
Regions
Japan launches fund to boost soft exports
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
Blackstone acquisitions may soon displace DLF as top realty firm
Blackstone Group, the second biggest realty firm in India, may soon replace DLF as the top real estate developer with its series of acquisitions in the country.
Biotech venture capital firms invest USD43 million in Series A funding in Editas Medicine
A consortium of venture capitalists had helped Editas Medicine raised USD43 million in Series A financing to create medicine designed to eradicate gene abnormalities.
7Digital nears deal of UBC Media Group takeover
Online music platform company 7Digital is close to signing a deal to buy out UBC Media Group. The takeover deal will provide a London listing for 7Digital in place of UBC. Should it be successful, the float could give 7Digital a valuation of about GBP50 million.
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Telecommunications and information technology (IT) service provider Coms PLC announced that it has completed the acquisition of Redstone Converged Solutions Ltd in a deal valued at GBP9.5 million.
The move of former Shenzhen Development Bank Chairman Xiao Suining to a private equity company was not very common among top Chinese bankers, according to a report from the South China Morning Post.
The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.
A study conducted by researchers at the University of British Columbia's Sauder School of Business showed that the more women are on a company's corporate board, the lesser the chance the company would be entering into risky deals.
Malaysia's Seven Convenience Bhd. has postponed its planned initial public offering until March next year. The 7-Eleven convenience store chain, which filed for an IPO in September, is expected to sell 530.3 million shares in Bursa Malaysia.
Despite receiving backlash from short sellers who claimed that they misstate their assets, there is no stopping to Chinese companies who pursued initial public offerings in the US.
James Rosenwald III's Dalton Greater China Fund has outperformed peers with a 25% return this year. This was according to an investor newsletter seen by Bloomberg.
HarbourVest Partners and Dubai-based private equity firm Lagoon Capital have teamed up to scout for secondary market private equity deals in the Middle East and North Africa.
Japan's Fast Retailing Co. is planning a secondary public offering in the Hong Kong Stock Exchange next year. If successful, the Tokyo-listed retail holding company would become the third Japanese company to list in Hong Kong.
