BEIJING: Fresh off a split from its US counterpart, the Asia business of venture-capital firm GGV Capital is considering raising money to invest in private debt for the first time, according to people familiar with the matter.
Fresh off a split from its US counterpart, the Asia business of venture-capital firm GGV Capital is considering raising money to invest in private debt for the first time, according to people familiar with the matter.
GGV Asia Mulls Expansion Into Private Credit After Split with US bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
SINGAPORE, Aug. 4, 2022 /PRNewswire/ Fullerton Health Corporation Limited ("Fullerton Health" or the "Company") announced today that it has completed a merger led by RRJ Capital ("RRJ") involving an equity injection by the private equity firm and a senior loan totalling S$390 million. The merger delivers a stronger balance sheet and a new capital structure which will propel post-pandemic growth opportunities for the pan-Asian healthcare provider. Singapore-headquartered Fullerton Health said the merger has been legally completed under the laws of Cayman Islands where it is registered, after having received approval by 85.8% of shareholders on 5 May 2022. The merger involved the combination of Fullerton Healthcare Corporation Limited with Fullerton Health and the latter continuing as the surviving entity. RRJ has subscribed for S$140 million of new ordinary shares in Fullerton Health, while the Company has entered into a senior loan facility agreement for