Elliott Management is supporting a $450 million restructuring of Olympus Capital Asia’s third fund, which involves taking out a profit participation loan held by Canada Pension Plan Investment Board (CPPIB) as well as buying standard positions from other LPs.
The deal includes a $100 million tranche of senior debt held by the US Development Finance Corporation (DFC) – formerly known as the Overseas Private Investment Corporation (OPIC) – which expired earlier...
HESTA has acquired a A$120 million ($85 million) equity stake in Australian enterprise software and IT services provider Citadel, following its merger with medical practice software specialist Genie Solutions.
CVC Capital Partners has agreed to sell Malaysia-based snack foods producer Munchy Food Industries to Universal Robina Corporation (URC) – a branded consumer food and beverage business in the Philippines – for MYR1.93 billion ($454 million).
There is not enough capital in Asia to address the number of secondary opportunities – mirroring the situation globally – with investors claiming to have more transaction choices than ever before.
Moore Threads, a Chinese chip designer established 13 months ago by a team from Nvidia, has closed Series A at RMB2 billion ($313 million) led by Shanghai Guosheng Capital, 5Y Capital, and a BOC International fund.