Financing
Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
HSBC recruits Hsu as head of leveraged finance
HSBC Holdings plc has appointed Lyndon Hsu, formerly with Credit Suisse Group, as head of leveraged and acquisition finance for Asia Pacific, joining after 14 years at the Swiss bank.
Highland rolls out in Oz, Korea
Highland Capital Management, a $27 billion asset management firm that invests in secured senior debt, bonds, structured credits and mezzanine, as well as equities, has opened new offices in Australia and South Korea to complement its existing Asia presence...
SMBC recruits Palanca for regional finance
Japanese bank SMBC has recruited Jun Palanca, formerly head of leveraged finance for Bank of America Merrill Lynch, as Head of Structured Finance Syndicate for Asia Pacific ex-Japan.
OB refinancing, IPO on cards
Several banks have submitted unsolicited proposals for the refinancing of the $1 billion five-year leverage loan that underwrote Kohlberg Kravis Roberts and Affinity Equity Partners' $1.8 billion buyout of Korea's Oriental Brewery in 2009, amid talk of...
Australia: Ripe for mezz
Australia is not what the global mezzanine debt industry might consider a stand-out market. Traditionally, equity and senior debt have always reigned supreme, and convertible bonds have been considered quite a sexy debt instrument.
3i targets Asia as shares slide
UK-headquartered LSE-listed private equity major 3i Group saw its stock slide by some 6.5% after its latest figures for its net asset values per share missed estimates