Mercari’s top-of-range IPO mints a new Japanese billionaire


Mercari Inc. priced its IPO at the top of the range to sell $1.2 billion worth of shares, a valuation that’s set to make its 40-year-old founder a billionaire.

Genworth gains U.S. national security nod for $2.7b buyout by China Oceanwide

The US insurer sought to assuage concerns about personal consumer information becoming more vulnerable after the deal with the China-based company.

Cryptocurrencies shed $46b after hacking at South Korean exchange

Enthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the nearly $500 million theft from Japanese exchange Coincheck Inc. in late January.

Australian microlender Prospa delays IPO indefinitely

Prospa received a letter from ASIC requesting information as part of a broader industry review of small business lending contract terms.

Armed with $900m private credit fund, Hamilton Lane sees pockets of opportunities in Asia

Given the growth and still-evolving nature of Asian markets, Hamilton Lane expects the opportunity for credit-focused investments to continue to expand.

Deloitte said to have found Dubai’s Abraaj commingled $95m

Abraaj still owes $94.6 million to its Private Equity Fund IV, but all money has been accounted for and there appears no evidence of embezzlement or misappropriation.

PE firm Actis appoints Ellen Li to lead investor relations in Asia

She will be based in Hong Kong for the new role that will focus on fundraising and investor relations activities across Asia.

S Korea’s CJ Group unit buys US logistics firm for $216m

For CJ Logistics, the deal marks its first acquisition in the Americas where it operates 15 logistics centers

Australia’s Mineral Resources okays Atlas talks with other potential buyers

In April, Mineral Resources agreed to buy Atlas via a scheme of arrangement that valued it at $213 million.

Australia’s IFM Investors picks 37.5% in Ontario Teachers’-owned GCT Global

Following the transaction, IFM will own 37.5 per cent in the container terminal operator while BCI will acquire 25 per cent interest.