Global investment banks beef up transaction business in Asia, boost headcount


In 2016, many foreign banks had cut down investment banking headcount in Asia.

Australia’s Charter Hall appoints Russell Proutt as CFO

Proutt will take the new role in August this year

PE investors’ focus on APAC healthcare push deals up 60% to $36.4b: Bain & Co

Bain & Company found that APAC healthcare saw $36.4b in aggregate deal value, with valuations for healthcare assets in the region expected to increase in 2017.

S.Korea’s ING pays high dividends to draw investors for $1.2b IPO

Private equity-owned ING Life Insurance Korea is banking on its hefty dividend payouts to draw investors to its planned initial public offering (IPO) that could raise as much as $1.2 billion in one of South Korea’s bigger public floats. The nation’s fifth-largest life insurer by assets, wholly owned by Asia-based… Read more »

Daimler in talks with Didi Chuxing, others for potential cooperation deals

Daimler CEO said he sees potential for expanding production in China.

Japan government fund, bank may join Broadcom to bid for Toshiba chip unit

The other bidders are South Korea’s SK Hynix Inc and US chipmaker Western Digital Corp

KKR-backed consortium makes $4.7b cash offer for Australian lottery operator Tatts

Australian lottery operator Tatts Group Ltd on Wednesday said it had received a A$6.15 billion ($4.65 billion) cash takeover proposal from a consortium backed by U.S. private equity firm KKR & Co, threatening an agreed merger with Tabcorp Holdings Ltd. The bid values Tatts at A$4.21 a share, the takeover… Read more »

Warburg Pincus appoints EMC executive Paul Maritz as adviser

Maritz, 62, will advise Warburg Pincus on software investments with a focus on cloud computing and machine learning.

S.Korea’s Netmarble plans $4.4b war chest for acquisitions post IPO

South Korea’s Netmarble Games Corp said on Tuesday it expects to have a war chest of some $4.4 billion for acquisitions after an imminent IPO, and plans to roll out its new blockbuster game to Japan and China this year. While little known in the West, Netmarble has scored big… Read more »

South Korea: Daewoo Shipbuilding wins approval to convert $2.6b debt into equity

Daewoo won approval from over 96 percent of bondholders.