YC

Yvette Choo

Report: Hangzhou to launch private equity incentive package

The package reportedly includes subsidies of up to CNY 5m for private equity firms and will be launched before the end of the year.

2 min read · 05 January 2013

HSBC Asia again backs Chinese supermarket chain

The Hong Kong-based firm injected $35m in a second tranche of funding, upping its stake in YongHui Group to 24 percent.

1 min read · 05 January 2013

Morgan Stanley invests in Indian castor oil maker

The INR 1.82bn deal marks the first investment in India from the bank’s third dedicated Asia fund and will help Biotor expand its international footprint.

1 min read · 05 January 2013

NBD Sana holds $170m first close

The private equity unit of Middle East bank Emirates NBD is targeting $500m for its MENASA-focused fund.

1 min read · 05 January 2013

Shuaa, Amwal, QInvest close $200m mezzanine fund

The fund is the GCC region’s first sharia-compliant mezzanine vehicle and will provide financing to a mixed-used development in Qatar.

1 min read · 05 January 2013

ING trims Asian leveraged finance team

The Dutch financial firm expects lower deal volume, but will remain active in the region through its Hong Kong, Tokyo and Singapore offices. Separately, the heads of leverage finance for Citi Australia and UBS have resigned.

1 min read · 05 January 2013

Och-Ziff hires Morgan Stanley Asia team

Zain Fancy, Roy Kwok, Bharat Khanna and Anand Madduri have joined New York's Och-Ziff to build out its Asia real estate platform.

1 min read · 05 January 2013

CVC Asia Pacific to de-list Hong Kong beauty company

The firm will pay roughly HK$2.4bn to add Natural Beauty on to existing portfolio company Global Radiance.

1 min read · 05 January 2013

TPG China deal embroiled in scandal

Former managers of Nissin Leasing allegedly prevented the buyout firm access and hid the company's seal, as it tried to replace the CEO. The $275m deal, completed in February, may reportedly be written down to zero.

2 min read · 05 January 2013

Warburg Pincus portfolio company suspends trading

Hong Kong-listed GOME has suspended trading of its shares after chairman Wong Kwong Yu was reportedly detained on allegations of stock price manipulation.

1 min read · 05 January 2013

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