Mezzanine’s role in Australia’s financing sector has grown in light of the economic crisis because, not only has it acted as an alternative to taking on senior debt – as banks became more stringent in their lending – but also to equity itself, says Gary Stead, Co-Founder and Managing Director of Shearwater Capital.
Stead tells AVCJ that Australia's shifting financing landscape has landed mezzanine with new bedfellows that it wouldn't have had to compete with in times past. "The alternative used to be senior debt....
Beijing Shanhai Capital Management has led a consortium of investors to acquire US-based microchip manufacturer Analogix Semiconductor for more than $500 million.
Infinity Group, a China-Israel cross-border private equity firm, has partnered with Chinese IT services provider Neusoft Corporation to launch a $250 million medical technology fund.
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has led a $6 million Series A round for Indian customer experience management platform CloudCherry alongside Cisco Investments, the corporate VC arm of Cisco Systems.
Baring Private Equity Asia has agreed to buy Australia-listed risk management and standards compliance business SAI Global for an enterprise valuation of A$1.24 billion ($940 million).