JD Capital related stories
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MidOcean adds two to IR teamMidOcean Partners has expanded its investor relations team with two new additions.
Partners Group names Asia chairman – ExclusiveKevin Lu, head of Partners Group’s Singapore office, will now be overseeing the firm’s activities in Mumbai, Shanghai, Seoul, Tokyo, Manila, as well as Singapore.
- Partners Group to open office in Manila
The new office will act as a services hub for Partners Group’s affiliates.
- EQT exits Chinese die-casting manufacturer
EQT invested in the company in 2010 through its second China and South-East Asia focused buyout fund.
- EQT exits Chinese aluminum die casting company Modern Metal
JD Capital has acquired EQT's stake in Modern Metal, a China-based maker of aluminum die casting. No financial terms were disclosed.
- China tightens listing rules for PE firms
Local private equity firms must have total assets worth more than CNY 5 billion in the last three years and should have been in business for at least five years in order to list on the NEEQ exchange.
- Ageas to sell Hong Kong unit to China's JD Capital for $1.4 bln: Reuters
Ageas has agreed to sell its Hong Kong insurance unit to a China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago.
- DIC to launch $500m Saudi fund
The Middle Eastern firm is rolling out its regional presence with a new vehicle to target deals in Saudi Arabia. It is building a team now.
DICs £675m hotel billPermira sells Travelodge to Dubai International Capital. The acquisition is in line with DIC’s strategy to diversify the assets of its parent company, Dubai Holding. Investments are made on the basis of the size, strength and growth potential of the business, the expected returns, and the management team.
- DICs 675m hotel bill
Dubai International Capital (DIC) acquired UK-based Travelodge Hotels, Britain’s fastest growing hotel company for £675m from the Permira Funds. The acquisition is expected to complete in late September. Permira bought Travelodge and Little Chef for a total consideration of £712m on a debt and cash free basis in January 2003.