Asia Digest: Värde invests in India assets; Japan’s Unison strikes two deals

REUTERS/Dado Ruvic

Global alternative investment firm Värde Partners has provided senior construction financing for two pre-leased office assets in India while Japan’s Unison Capital announced two acquisitions in the healthcare sector.

Värde invests $155m in two India office assets

Global alternative investment firm Värde Partners has extended senior construction financing for two pre-leased office assets in Hyderabad, India.

The $155-million facility will be used to refinance and fund the completion of over 2.5 million sq ft across two Grade A developments owned by Phoenix Group.

“We see significant opportunity across the Indian office market for both the financing and purchase of assets, in a market that offers potential strong cash-flow visibility, multinational tenants and strong absorption,” said Tim Mooney, Partner and Global Head of Real Estate at Värde Partners.

Värde Partners has invested $75 billion since its inception and manages more than $14 billion on behalf of a global investor base. The firm’s investments span corporate and traded credit, real estate and mortgages, private equity and direct lending.

Phoenix Group, a Hyderabad-focused group, has successfully developed over 12 million sq ft of mixed-use developments.

Japan’s Unison makes two healthcare acquisitions

Japan’s Unison Capital has sealed two deals in the healthcare space with the acquisition of pharmacy chain Reliance and outpatient nursing provider N Field. The deals were conducted through its Unison Capital Partners V.

The financial terms of the two deals were not disclosed.

Unison V plans to continue the consolidation of community pharmacies. The acquisition of Reliance is the first transaction of community pharmacies undertaken by Unison V.

N Field, meanwhile, is a specialised nationwide at-home nursing service provider catering to patients with mental disorders.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.