MBK Partners Revives $1 Billion Sale of China’s Apex Logistics

MBK Partners Revives $1 Billion Sale of China’s Apex Logistics

MBK Partners is reviving its plan for a potential sale of Chinese freight forwarder Apex Logistics International Inc. which is riding a surge in e-commerce during the Covid-19 pandemic, people with knowledge of the matter said. The private equity firm is working with...
Alibaba to Buy Up to 10% Stake in Duty-Free Retailer Dufry

Alibaba to Buy Up to 10% Stake in Duty-Free Retailer Dufry

Alibaba Group Holding Ltd. agreed to buy as much as a 9.99% stake in Dufry AG, giving the Swiss duty-free giant a lifeline as the pandemic hammers the business. Dufry said Monday it’s proposing a capital increase that will raise up to 700 million Swiss francs ($763...
NEC acquires Switzerland’s Avaloq for $2.2bn

NEC acquires Switzerland’s Avaloq for $2.2bn

Japan’s NEC has agreed to buy Switzerland’s largest software provider to banks for SFr2.05bn ($2.2bn) in its biggest foray into the global fintech space. The sale of Avaloq to the Japanese technology group ends a three-year investment by Warburg Pincus, which paid...
LVMH executive to launch Asian private equity fund

LVMH executive to launch Asian private equity fund

The former head of the Asian arm of a private equity firm backed by LVMH plans to launch his own fund this year, having already joined the latest Wall Street trend with a “blank cheque” company listing in New York. Ravi Thakran will launch Asia 3.0, a private equity...
HPS raises $9bn as investors race into direct lending

HPS raises $9bn as investors race into direct lending

HPS Investments has raised $9bn for one of the largest-ever funds to supply riskier corporate loans, as struggling companies increasingly turn to private investment groups for debt. The US specialist debt investment group, which manages $65bn in assets, has completed...