A consortium of three buyout funds including KKR and Cinven is looking to launch a takeover bid for Spanish telecoms company MasMovil , two sources close to the matter told Reuters.
Deals for stalled projects, last-mile financing being sought. : Last week, Amar Merani, chief executive and managing director (MD) of Xander Finance - the lending arm of Singapore-based private equity (PE) firm Xander - asked for last-mile or finished commercial and residential inventory deals for long-term structured credit on his LinkedIn profile. Merani said manufacturing and service companies outside real estate - but having a robust business model, distinct cash flows, and model leverage - can also reach them.
Ril On Track To Attain Zero Net Debt Even If Aramco Deal Is Delayed: Report | Business Standard News
Adjusted net debt, however, at Rs 2.57 trillion is higher and would take longer to repay. : Riding on the Rs 1.3 trillion in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, a brokerage report said. The company, controlled by billionaire Mukesh Ambani, has sold minority stakes in its digital arm to Facebook and private equity firms such as Silver Lake, Vista Equity, KKR and General Atlantic to raise a cumulative Rs 78,562 crore.
The company, controlled by billionaire Mukesh Ambani, has sold minority stakes in its digital arm to Facebook and private equity firms such as Silver Lake, Vista Equity, KKR and General Atlantic to raise a cumulative Rs 78,562 crore.
Corporate America sold record-shattering amounts of stock in May. IPOs and other equity issuances were overshadowed this spring as stock markets tanked and corporates rushed to raised debt instead. But volatility has faded and markets have rebounded, thanks in part to stimulus from the Federal Reserve. Stock issuance is surging again, producing more than $70 billion in deals in May. Companies are stockpiling cash in case of another downturn -- some to protect themselves in case revenues disappear, and others so they can pounce on M&A deals that may arise.
Three of the largest digital asset platforms have moved into the crypto prime brokerage space over the past seven days, as the importance of the function to attract institutional investors becomes abundantly clear.
Mas Registered Rf Fund Management Secured Inaugural Vcc Incorporation Strategic Milestone - Following Approval Of Mas Status, Rf Fund Management Announces Its Inaugural Private Equity Vehicle, Rf Transformation Fund Vcc For The Digital Economy Spurring Global Investment Innovation
Singapore's Monetary Authority of Singapore (MAS) registered RF Fund Management, a subsidiary of RF International Holdings, has unveiled following approval of MAS status that the Accounting and Corporate Regulatory Authority (ACRA) has confirmed its RF Transformation Fund VCC has been incorporated under section 16(4) of the Variable Capital Companies (VCC) Act on 26th May 2020 as an umbrella VCC. This incorporation paves the strategic milestone for RF Fund Management to steadily pursue their inaugural US$50 million Private Equity Fund.
Hong Kong-based blockchain investment manager establishes its second crypto-themed quantative hedge fund. : SFC-licensed blockchain and crypto-related asset manager, MaiCapital announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1 , which aims to track and potentially outperform Bitcoin's performance in various market conditions. MaiCapital is an alternative investment manager in Hong Kong and a pioneer in applying institutional investment practices to the innovative cryptocurrency space.
Two big health-care buyouts are shaping up to be among the worst-performing private-equity investments in recent years. The coronavirus pandemic is only the latest reason why. Physician-staffing firms Envision Healthcare Corp. and TeamHealth Holdings Inc., whose emergency-room workers are ubiquitous throughout the country, were purchased by KKR & Co. and Blackstone Group Inc. in 2018 and 2017 for roughly $6bn and $3bn, respectively.