Macquarie Group
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Beijing Huatu Hongyang Education & Culture Corp has revived its Hong Kong IPO plans, refiling a draft prospectus with updated financial information.
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Burford Capital, the UK litigation finance company, completed a £196.1m capital increase on Monday night, selling just over 10.4m shares at £18.50 a share. The company's shares fell below the offer price in trading before recovering throughout the day on Tuesday.
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Gas asset and infrastructure investment consortium Quadgas made its debut in the sterling corporate bond market on Monday with a £350m 11 year offering. The company had previously raised funds from the US private placement market, but this was its first benchmark public deal.
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The funding for KKR’s acquisition of BMC Software is set to add almost $2bn of high yield bonds in euros and dollars this week, the last portion of a cross-border, multi-billion debt deal that has enlivened the leveraged finance markets.
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Nicholas Moore, the chief executive of Macquarie Group, announced on Thursday that he would be retiring on November 30. He will be replaced by Shemara Wikramanayake, the head of Macquarie Asset Management.
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Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.
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Hong Kong start-up Welab Holdings has filed a listing application with Morgan Stanley as lead left underwriter and sponsor alongside JP Morgan.
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Chinese mobile streaming platform Inke hit the road with its Hong Kong IPO on Wednesday. With strong anchor demand in the bag, it is reaching for proceeds of up to HK$1.5bn ($192.6m).
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CYBG has agreed to buy Virgin Money for £1.7bn, paving the way for a new major challenger bank on the UK high street. The combined bank will be strong in mortgages but have only £7.6bn of corporate and SME loans.
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Macquarie Group has signed a £2bn loan that features green tranches, as the seemingly inexorable rise of the product continues unabated.
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The Stars Group has won about $6.9bn of fully committed debt financing from four banks, as the Canadian gaming and online gambling company moves ahead with its debt and equity purchase of Sky Betting and Gaming.
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Macquarie Capital has hired the former head of US loan trading at HSBC to help take advantage of surging activity in leveraged finance markets.