SINGAPORE/KUALA LUMPUR (Reuters) – Malaysia’s biggest mobile phone operator, Maxis Communications, plans to raise $2 billion in a public offering later this year, underscoring the revival of Asian IPO’s as equity markets rebound. The offering, which could be the biggest in Malaysia since 1995, comes just two years after Maxis was taken private by its […]
HONG KONG (Reuters) – A consortium led by private equity firm FountainVest Partners plans to buy nearly $99 million worth of convertible bonds issued by Central China Real Estate (0832.HK), sending its shares up nearly 9 percent on Wednesday. Central China signed an agreement to issue HK$765 million ($98.72 million) worth of convertible bonds to […]
MILAN (Reuters) – Talks between Italian designer Roberto Cavalli and private equity fund Clessidra over a stake in the fashion house have been broken off, a source close to the matter said on Wednesday. Cavalli, known for his animal print designs and flowing long dresses, told an Italian newspaper in June he had signed a […]
SHANGHAI (Reuters) – Shanghai has set up China’s first private equity fund devoted to investment in financial companies, which aims to manage assets worth $2.9 billion, newspapers said on Wednesday, as part of China’s reforms to transform its financial hub into a global financial centre by 2020. Set up on Tuesday among only a few […]
KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. buyout shop KKR, said that it has passed the threshold of unit-holder support for its proposed merger with KKR. The combined company would initially trade in Amsterdam, before transfering to a New York exchange within the next 12 months.
Jamie Hale has left Oak Hill Investment Management, where he was a partner who helped launch and run the firm’s secondaries practice, peHUB has learned. His final day was last Friday. Hale joined Oak Hill nine years ago after doing M&A work for Lazard Freres. No word yet on his future plans.
Prospect Capital Corp. (Nasdaq: PSEC) has agreed to acquire Patriot Capital Funding Inc. (Nasdaq: PCAP) for $197 million.
Inghie Kwik has agreed to join Affinity Equity Partners, according to the Wall Street Journal. Kwik will lead Affnity’s push into Indonesia, and currently runs Morgan Stanley’s Indonesia unit. www.affinityequity.com
WebTrends Inc., a Portland, Ore.-based provider of online analytics, has acquired WideMile, a Seattle-based provider of multivariate testing and digital content optimization for online marketers. WebTrends is a portfolio company of Francisco Partners, while WideMile had raised raised $4 million in convertible note financing.
WatchGuard Technologies, a Seattle-based provider of extensible network security and connectivity solutions, has agreed to acquire BorderWare Technologies, a Toronto-based provider of an e-mail and online security content and threat management platform. No financial terms were disclosed. WatchGuard is a portfolio company of Francisco Partners and Vector Capital.