Structured finance
Indonesia private debt: Belt and braces
There is money to be made providing debt-based solutions to growing Indonesian companies that struggle to get financing from other sources. But enter uninformed or unprotected at your peril
DBS launches Singapore venture debt program
DBS Bank has launched a venture debt program to support Singapore start-ups, presenting a capital-raising channel that involves little or no dilution of equity.
India venture debt: Innovation capital
Led by SVB India, venture debt providers are beginning to take root in India. Can this nascent asset class replicated its success in developed markets and become a viable option for domestic start-ups?
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
Taiwan’s Fubon commits $30m to US-based Athyrium credit fund
Fubon Life, the second-largest insurer in Taiwan, has committed $30 million to Athyrium Capital Management’s healthcare-focused credit fund.
Q&A: Oaktree's Howard Marks
Howard Marks, chairman of Oaktree Capital Management, gives his appraisal of the current investment and economic environments, and explains how his firm is developing its Asia strategy
Kendall Court exits Malaysian broadband provider
Kendall Court Capital Partners has exited Packet One Networks – a Malaysian broadband provider heavily involved in 4G telecommunications technology – as Telekom Malaysia (TM) bought a controlling stake in the company.
KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
India's Piramal Capital merges PE and lending arms
Piramal Capital has merged its real estate private equity fund management business - Indiareit - and its real estate-focused non-banking financial company (NBFC).
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
IFC commits $50m to India's Cholamandalam NBFC
International Finance Corporation (IFC), the investment arm of World Bank, is investing INR3.15 billion ($50.7 million) in non-banking finance company (NBFC) Cholamandalam Investment & Finance (CIF).
IFC pumps $91m into Indian financial services providers
International finance Corporation (IFC), the investment arm of the World Bank, has committed around $91 million in three PE-backed non-banking financial companies (NBFCs) in India: Magma Fincorp, Bandhan Financial Services and Au Financiers.
IVF-backed ACT gets OCA Credit, Kilimanjaro debt solution
Atria Convergence Technologies (ACT), an Indian broadband and cable TV access provider backed by India Value Fund Advisors (IVFA), has received structured debt financing from Olympus Capital Asia Credit (OCA Credit) and Kilimanjaro Credit Fund.
KKR provides $100m in structured finance to India’s Avantha
KKR has agreed to provide $100 million in long-term financing to Avantha Group in order to help the Indian conglomerate pay down debt and continue investing in its businesses. The capital will come from KKR India Financial Services, the private equity...
Contrarians bullish on India investment opportunities
Private equity players are upbeat on investment prospects in India, arguing that those looking to commit capital now will benefit when the country's weak economy eventually rebounds.
Aion, Apollo to invest $157m into Avantha Holdings – report
Aion Capital Partners and Apollo Global Management are reportedly investing INR9.6 billion ($157 million) in Avantha Holdings, the holding company of the $4 billion conglomerate Avantha Group. Avantha is also in talks to raise $100 million from KKR, an...
KKR India NBFC raises $100m from US pension fund - report
KKR India Financial Services, the global private equity firm's non-banking financial company (NBFC), has reportedly raised $100 million from The Teacher Retirement System of Texas.
KKR's Kravis bullish on Asia private equity, credit
Henry Kravis, co-founder of KKR, believes that Asia’s macro headwinds have created an attractive environment for private equity investment, although the asset class is just one of several strategies that feature in his longer-term outlook for the development...
RRJ invests $100m in China property developer
RRJ Capital has committed $100 to Chinese property developer CIFI Holdings by subscribing to a senior notes issue. The Hong Kong-listed firm has raised $225 million in total, the remainder being placed with Citigroup, Standard Chartered, Deutsche Bank,...
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year.
Oaktree, Centerbridge make renewed Billabong refinancing offer
Oaktree Capital and Centerbridge Partners have made a fresh recapitalization offer of A$325 million ($292 million) for ailing Australian surfwear brand Billabong to compete with a revised proposal put forward by an Altamont Capital Partners-led consortium...
China’s Jiuding to launch mezzanine fund
China’s Kunwu Jiuding Capital plans to raise a renminbi-denominated mezzanine fund to provide local companies with debt solutions where pure equity is not appropriate.
Baring-backed Nord Anglia returns to Asia high-yield market
Baring Private Equity Asia-owned Nord Anglia Education has once again tapped Asia’s high-yield market, raising $165 million through a bond issue. This is the third time Nord Anglia has raised debt financing in the last 18 months – and the first of...
Q&A: Clearwater Capital Partners' Rob Petty
Clearwater Capital Partners is currently investing is $575 million fourth fund. CEO Rob Petty identifies the opportunities in Asia – offshore, onshore in China and India, and a generous helping of restructuring