Intermediate Capital Asia Pacific
ICG invests in Korean tutoring business
Intermediate Capital Group (ICG) has invested an undisclosed sum in Time Education, a privately-owned education company in Korea that provides tutoring services from kindergarten through high school.
Private debt: Enforcement issues
Investors see great potential in Asia’s private debt markets, but some GPs and LPs’ attitudes towards downside protection and enforceability keep them out of emerging markets
ICG, Nomura set up Japan mezzanine fund
Intermediate Capital Group (ICG), a global mezzanine specialist, and Japanese investment bank Nomura Holdings have together launched a joint venture to manage a Japan-focused mezzanine fund. Each will the contribute JPY10 billion ($98 million).
Australia's PEP sells Link stake to Macquarie, ICG - report
Australia’s Pacific Equity Partners (PEP) has reportedly sold a 25% stake in share registry and superannuation administration services provider Link Group to Macquarie Group and Intermediate Capital Group for around A$200 million ($187 million).
Leveraged lenders seek common ground
Australia’s banks have proposed a standard set of rules on who can do what in the event of a default. They say it will stimulate the mezzanine market but junior lenders claim the measures are too restrictive