Christie Ou
GE Capital is selling its commercial lending and leasing business in India to AION Capital Partners and a team of former GE executives.
Canada Pension Plan Investment Board and Kotak will pour $525m into Indian stressed debt. The investments will be under a separate flexible mandate from Kotak’s existing distressed asset investment unit, Phoenix ARC.
Commercial banks’ bad loans hit 1.27 trillion yuan ($194 billion, €174 billion) in December last year, the highest level since June 2006, according to China Banking Regulatory Commission. And that figure has been climbing for the past three years.
Banks will hold around 71 percent of Huarong Energy’s outstanding shares after the debt-for-equity swap, according to a report by Macquarie.
Eurozone equity market valuations look attractive, especially compared with US equities, given the ECB’s accommodative policy, the bank said of the strategy, which will also include some bond investments.
Deutsche Bank’s Deepak Dangayach joins Patrick Liu to lead the new division in Hong Kong.
.jpg?id=12885345733 "Slow progress of deleveraging in China – study")
Hang Seng reports that China will need to continue to drive deleveraging for a shift from an investment-and-exports-led to a consumer-and-services-led growth model.
.jpg?id=12885345128 "Proskauer hires corporate finance partner in Asia")
Joshua Zimmerman has joined law firm Proskauer’s Hong Kong office. The corporate finance specialist will help build out its capital markets practice in Asia.
.jpg?id=12885344055 "Oaktree opens office in Sydney")
Byron Beath’s local presence will help the distressed investment specialist to capture the growing market for opportunities in Australia.
Managing partner and chief investment officer Edwin Wong sat down with Christie Ou to discuss SSG Capital Management’s new performing secured lending strategy, its latest $950 million special situations fund and which side of the business offers the richest opportunity for investors.