GPs expect a wave of non-performing loan sales in China as the slowing economy leaves banks with more bad debts to resolve, but could the distress investment opportunity be even broader than they envisage?
Abu Dhabi Investment Authority (ADIA) will make an anchor commitment of $500 million to an India special situations fund launched in conjunction with Kotak Private Equity.
India Resurgence Fund (India RF), a vehicle established by Bain Capital Credit and Piramal Enterprises to invest in distressed assets, has committed $156 million to Archean Group’s marine chemicals business.
Special situations investor Oaktree Capital has extended a loan package worth up to A$50 million ($36 million) to Australia-listed Blue Sky Alternative Investments following a string of regulatory breaches.
With a series of highly publicized bankruptcy proceedings, government efforts to rein in India’s non-performing assets may finally be paying off. Investors expect a wave of turnaround opportunities
Tony Liu, COO of Shoreline Capital, discusses investment opportunities in China's non-performing loan (NPL) space.
GSR Capital, a Chinese private equity firm with a strong interest in clean energy technology, has agreed to invest RMB1.5 billion ($236 million) in overleveraged domestic environmental project developer Shenwu Technology Group.
PAG Asia Capital has supported Chinese-owned auto components manufacturer Key Safety Systems (KSS) in its $1.59 billion acquisition of assets held by Takata Corporation, a Japanese company that filed for bankruptcy following a recall of faulty vehicle...
Carpet Court’s attractive growth plan was held back by its structural weaknesses. Under the ownership of Allegro Funds, the company has new focus as the leader in New Zealand’s fragmented flooring industry
Two pieces of legislation – one enacted and the other pending – are expected to facilitate corporate restructuring in Australia. It remains to be seen how turnaround investors take advantage of this
Chinese banks will be allowed to raise capital from third-party investors to participate in debt-for-equity swap programs as regulators look for additional ways to alleviate the country’s corporate debt problem.
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.
Weijian Shan of PAG Asia Capital, Piau-Voon Wang, Dan Carroll of Brooklands Capital Strategies, and Michael Kim of MBK Partners on the impact of the Asian financial crisis
Allegro Funds has reached a first close of more than A$200 million ($156 million) on its third fund. The Australian GP is no longer marketing to new investors and a final close near the hard cap of around A$300 million is expected before the end of the...
Indian online marketplace Snapdeal has called off a planned merger with rival Flipkart and will pursue a restructuring plan to allow it to survive as an independent entity. Both companies have substantial PE and VC backing.
A creditor consortium led by Investec and Bain Capital Credit (BCC) has assumed full control of Gerard Lighting, an Australian light fittings distributor owned by CHAMP Private Equity.
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.
Vietnam’s state-owned enterprise (SOE) privatization initiative continues to produce investment opportunities, but private equity firms must be prepared for a hard sell when negotiating
Endeavour United, a GP established by the team behind turnaround investor Phoenix Capital, has agreed to buy Pizza Hut Japan and Phoenix Foods from Mitsubishi Corporation-controlled KFC Holdings Japan.
Singapore-based private equity firm Gateway Partners has agreed to invest S$70 million ($50.2 million) in distressed local hospital operator Healthway Medical.
China wants to use securitization and debt-for-equity swaps to address its non-performing loan problem. Even without structural concerns and political agendas, they are unlikely to supplant portfolio sales
The credit and distress investment opportunity is significant – and expected to grow – but an on-the-ground presence is seen as essential to accessing it, industry participants told the AVCJ China Forum.
Foreign private equity firms are positioning themselves to address an anticipated surge in non-performing loan sales to third-party investors. Will the reality match the hype?
A stronger commodity price environment has spurred some opportunistic private equity investment in Australian mining services, but caution remains the mantra in this industry of capricious value drivers