Australian mid-market buyout firm Next Capital has agreed to buy NZ Bus, a local bus service operator in New Zealand, from infrastructure investment manager Infratil.
The transaction is expected to generate adjusted proceeds of NZ$218-240 million ($147-162 million), Infratil said in a filing. This includes the provision of a vendor loan of NZ$20-30 million, repayable...
Ascendent Capital Partners has joined Xuan Ruiguo, the chairman and founder of Hong Kong-listed industrial control systems maker China Automation Group, in a take-private offer that values the company at HK$1.5 billion ($197 million).
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
Hansoh Pharmaceutical Group, a Chinese drug developer that counts Hillhouse Capital and Boyu Capital among its investors, has raised HK$7.86 billion ($1 billion) through a Hong Kong IPO.
Fidelity International has announced plans to spin-out its proprietary investment arm Eight Roads within the year pending regulatory and shareholder approvals.