Analysis
CICC is planning to reduce its investment banking headcount by at least 10% this year.
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
CICC, Citic, JPMorgan slash investment banking jobs in China as deals stall
Former Dallas Fed chief Kaplan named Goldman Sachs vice chairman
India Digest: Parseable, Superplum, Cornext raise funding
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Troubled crypto platform Zipmex appoints liquidator to wind up operations
Venture Capital
The round roped in four strategic investors including CCB Investment and Changshu Jingkai Guofa Fund.
IPOs & Markets
The deal books are already multiple times oversubscribed.
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
Deals
The upsized senior secured credit facilities will help support the growth of Acclime.
About 20% of the [second] fund will be allocated to the so-called ‘sci-fi longevity tech’.
Earnings and Results
This marks a second consecutive quarter of investment income gain.
The LP View
Theta Capital is in the process of raising $300 million, the highest target that the firm has set for its FoF programme so far.
People
Employee numbers were 126 at the end of December, down from 234 a year earlier.
Quinn last year defeated Ping An’s long campaign to get HSBC to spin off its Asia business.