People: JP Morgan gets new Australia CEO; Falcon Private Bank replaces two board members

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J P Morgan’s Australia CEO Rob Priestly is leaving the bank after a 15-year stint while Falcon Private Bank has replaced two of its Abu Dhabi representatives. JP Morgan gets new Australia CEO J P Morgan’s Australia CEO Rob Priestly is leaving the bank after a long innings of 15 years… Read more »

SoftBank running out of patience as Intelsat debt offer extended

SoftBank Group Corp. says it is unwilling to pay more for Intelsat SA


Fairfax Media grants due diligence to rival private equity bidders

Australian newspaper publisher Fairfax Media Ltd on Thursday said it would grant due diligence access to two rival private equity bidders after U.S. buyout firm Hellman & Friedman made a surprise takeover proposal of as much as A$2.87 billion ($2.13 billion). The non-binding cash offer from Hellman & Friedman values… Read more »


Honeywell launches $100m venture fund, targeting aerospace vertical

The aerospace business is Honeywell’s biggest by revenue.


S Korea: MBK Partners sells 5% in Korean water purifier firm Coway for $340m

The firm had abandoned a plan for complete exit from Coway last year


Saudi sale of the century lures foreign investment banks, PE firms

Riyadh aimed to raise around $200 billion over several years.


In a novel approach, Bain Capital Ventures to fund ‘angel’ investors

Bain Capital Ventures MD Salil Deshpande is overseeing the programme


IFC to invest $50m in Dhaka-based BRAC Bank

This is IFC’s fourth investment in the region this month.


Australia’s Wesfarmers cancels Officeworks’ $1.1b IPO plans citing weak market

The cancellation is another set-back for Australia’s retail sector


Japan: Circle-In closes seed round; Takeda, others back Israeli BiomX

Circle-in has closed a seed funding round while Japanese investors have backed Israeli biotech firm BiomX in a Series A transaction. Circle-in closes seed funding from 500 Startups Japan, YJ Capital & East Ventures Tokyo-based Circle-in,  which is developing a support tool for international logistics works named Shippio, has raised… Read more »