By Juliet Shwe Gaung
Ontario Teachers’ Pension Plan has appointed Ben Chan as the firm’s regional managing director for Asia Pacific, effective June 1.
The planned IPO is part of a pledge by Lotte Group to simplify its holding structure through IPOs.
In 2016, TPG listed Inghams on the share market with an equity value of up to A$1.5 billion ($1.1 billion).
The region now generates 22 per cent of global buyout value, up from 13 per cent in 2016.
Previously reluctant to relinquish control, Asian company owners are increasingly seeing the benefit of bringing in an outsider.
While the Melbourne-based fund had invested in external infrastructure managers, over the past 18 months it has started bulking up its own teams.
The Swiss bank named Gaetano Bassolino, currently head of the debt capital market business in the region, as head of Asia Pacific capital markets.
The round coincides with the launch of ShareRing’s token generation event where it aims to issue four billion tokens with a hard cap of $48 million.
Magna International Inc. and Lyft will share the intellectual property from co-developing autonomous vehicles, and Magna will be free to sell the technology to car companies.
The new London-based trading platform is aimed at hedge funds, proprietary trading firms and sophisticated retail investors, and cryptocurrency miners.