TPG, GIC recues Li Ning with $119m convertible bonds
Hong Kong-listed Li Ning, the leading Chinese sportswear brand, announced on Thursday that it has sold RMB750 million ($119 million) in convertible bonds to TPG Capital and Government of Singapore Investment Corp. (GIC). This follows the company's disappointing 2011 revenue projection.
In contrast to the growing purchasing power among Chinese consumers, the sportswear chain has been struggling to maintain its sales amid tough competition from both local and international brands. Meanwhile,...
More on Consumer
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.