Global A&T Electronics, a Singapore-headquartered provider of assembly and test services for semiconductor chips that is controlled by Affinity Equity Partners and TPG Capital, has filed for bankruptcy in the US.
Creditors have already endorsed a restructuring plan that will see Global A&T’s debt burden reduced from approximately $1.12 billion to $665 million and Affinity and TPG give up a 31% equity interest...
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Bessemer Venture Partners has led an INR1.5 billion ($20 million) Series B round for teleconsultation health platform DocsApp.
Everest Medicines, a China-based biopharmaceutical company, has raised $310 million in Series C funding across two tranches.
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.