Deals
The proposed senior secured A loan will finance the working capital needs of the Bangladeshi firm.
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IFC proposes $60m loan to Bangladesh pharma firm Renata
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Private Equity
China will not be a market for the new fund.
The Gunawan family would be open to paring down their own 46.52% stake and selling control of the bank.
If the stake were sold down, the banking arm would no longer be counted as a consolidated subsidiary.
Analysis
The automaker’s new funding is on top of $394m in prior investments it made in Joby.
Mitsui wants to leverage Numa’s AI platform to tap into the $1.2-trillion US auto dealership market.
Rest of Asia
Gulf states are directing their state-backed companies to build national champions.
The fund will focus on distressed debt, special situations, asset-backed credit portfolios, and single assets.
Venture Capital
SYCA was backed by Salt Ventures.
T-Gaia’s major shareholders are Sumitomo Corp and Hikari Tsushin.
