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Booming metal prices could bring more equity deals
International tension has propelled valuations in the sector up, tempting issuers
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Indian mortgage lender Housing Development Finance Corp has completed a block sale of 31m shares, or a 4.2% stake, in Gruh Finance to rake in Rp8.9bn ($129.34m).
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JP Morgan has added Gregor Feige and Philip Wong to its Asia Pacific ECM team, according to an internal memo seen by GlobalCapital Asia on Wednesday.
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HgCapital Trust, the UK investment firm focused on unquoted investments, has unveiled plans to raise £80m of fresh capital to finance its pipeline of investments.
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Investment firm Triton Partners has sold the remainder of its shares in in Befesa, the German metal recycling firm, in a popular €216m block trade.
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Nordic Capital sold its last shares in Resurs Holding, the Swedish retail finance company, on Tuesday night, ending its investment in a firm it took to market in 2016.
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Equity investors are priming themselves for the US Federal Reserve to cut the Federal Funds Rate after dovish comments from the Fed’s chairman, Jerome Powell.