Latest news with #HillhouseInvestment
Bloomberg
24-06-2025
- Business
- Bloomberg
Daiwa Plans $690 Million Real Estate Fund as Japan Market Booms
Daiwa Securities Group Inc. plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan's booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings Co., and fund manager Hillhouse Investment, according to Daiwa's Masatsugu Oishi. It aims to raise ¥100 billion ($690 million) via a private fund for domestic and overseas institutions, said Oishi, who is general manager of asset management strategy.
South China Morning Post
24-06-2025
- Business
- South China Morning Post
Starbucks denies it is considering a full sale of its China operations
Starbucks has denied reports that it is in talks with private equity firms to sell the entirety of its China operations, as it faces slowing sales and intensifying competition from domestic rivals. 'We have a world-class team in China, and a strong brand,' the Seattle-based coffee chain said in a statement on Tuesday. 'We see significant long-term potential in the market and are evaluating the best ways to capture the future growth opportunities.' The statement came after local media outlet Caixin Global reported on Monday, citing sources, that Starbucks was weighing the sale of its China unit, drawing potential buyers including Hillhouse Investment and Trustar Capital, the private equity affiliate of McDonald's China owner Citic Capital. Starbucks began approaching private equity firms about a possible stake sale in May, according to a Bloomberg report. Baristas at work at a Starbucks Reserve Roastery in Shanghai. Photo: Reuters Starbucks shares rose less than 1 per cent in after-hours trading in New York, closing at US$92.34. The shares have fallen nearly 20 per cent from a peak in March.
Bloomberg
18-06-2025
- Business
- Bloomberg
China's Top Soy Sauce Maker Set to Begin Trading in Hong Kong
Foshan Haitian Flavouring & Food Co., China's biggest soy sauce maker, will begin trading in Hong Kong on Thursday after its HK$10.1 billion ($1.3 billion) stock offering drew strong demand from investors. The stock rose in Hong Kong's gray market on Wednesday. Earlier this week, Foshan Haitian sold the shares at HK$36.30 apiece, the high end of its marketed range, and attracted cornerstone investors including Hillhouse Investment, GIC Pte and RBC Global Asset Management.
South China Morning Post
17-06-2025
- Business
- South China Morning Post
Foshan Haitian sells 6% more shares in upsized Hong Kong IPO, raising US$1.3 billion
Foshan Haitian Flavouring & Food has raised HK$10.1 billion (US$1.3 billion) after robust demand for its shares to be listed in Hong Kong allowed China's biggest soy sauce maker to increase the deal size. The company, whose shares already trade in Shanghai, sold 279 million shares at HK$36.30 each, the top end of the marketed price range, according to terms of the deal seen by Bloomberg News. That reflects a roughly 17 per cent discount to Foshan Haitian's Monday closing price of 40.12 yuan (US$5.60) in Shanghai. About 6 per cent more shares were offered after the company exercised the upsize option. Investors expressed interest for multiple times the shares available on the first day it started taking orders last week, people familiar with the matter have said. The new shares are due to start trading in Hong Kong on Thursday. Foshan Haitian's deal would be among the largest listings in Hong Kong this year, where demand for share offerings has rebounded and China-listed companies are increasingly seeking second floats. Battery maker Contemporary Amperex Technology's more than US$5 billion listing last month helped fuel the most action in the city's equity capital markets in years. Eight cornerstone investors, which agreed to hold Foshan Haitian's shares for at least six months, bought US$595 million worth of the stock, making up about 46 per cent of the deal. Those investors include Hillhouse Investment, Singapore's sovereign-wealth fund GIC and RBC Global Asset Management. The proceeds will be used to develop new products, expand production capacity and enhance its overseas supply chain, the company said. Its origins stem from a merger of 25 soy sauce factories in 1955.
Arabian Business
19-05-2025
- Business
- Arabian Business
Global investment companies line up for a piece of Dubai real estate pie
From Brookfield Corp to Goldman Sachs, some of the biggest investment companies in the world are increasingly turning their attention to Dubai's surging real estate market. Bloomberg has reported that Canada's Brookfield – which already has the ICD Brookfield Place, the mega successful 53-storey, 1.1 million square feet commercial property in the Dubai International Financial Centre (DIFC) area as part of their joint venture with Investment Corporation of Dubai (ICD) – is now considering plans to develop a mixed-use community in the Dubai Hills area. Goldman Sachs is looking at hospitality, with Goldman Sachs Asset Management investing an additional US$25 million in the UAE-based Sunset Hospitality Group (SHG), which aims to have 20 hotels in management or operation by 2026, including in cities like Barcelona, Milan, and Singapore. The US company had earlier invested US$35 million in SHG. Hillhouse Investment, a prominent Asian private equity firm managing US$100 billion in assets, recently made news when a company backed by them, Ascentium, acquired the UAE-based Virtuzone. Now, its real estate unit Rava Partners have acquired the real estate of Hartland International School, valuing it at US$100 million. Bloomberg also reported that Mapletree Investments, the property management company owned by Singapore's sovereign wealth fund Temasek, is also hoping to deploy about US$2 billion in the Gulf region after opening an office in Abu Dhabi last year. In neighbouring Abu Dhabi, New York-based Apollo invested US$500 million in Subordinated Notes issued by Aldar Properties earlier this year. It is one of the region's largest-ever corporate hybrid private placements and brings Apollo's aggregate investment in Aldar to approximately US$1.9 billion across four transactions since 2022. Jamshid Ehsani, Apollo Partner, said at the time: 'We are pleased to broaden our partnership and provide another scaled capital solution to Aldar by investing in a leading real estate franchise that we believe offers an attractive investment opportunity for our clients. Apollo's fourth investment in Aldar underscores our strong partnership with the company as well as our commitment to serving as a leading capital provider to the broader Abu Dhabi ecosystem.' Andrew Love, head of capital markets and commercial agency at Knight Frank, told the wire agency: 'The past two years have been busier for us than the whole previous decade on the capital market side. Demand is growing from overseas buyers, who are coming in search of better returns and lower taxes.' In its H2 2024 Dubai Office Market Review in March, Knight Frank had said average lease rates across key submarkets were up by 9.1 per cent. The company told Bloomberg that in the last 24 months, eight office buildings sales were recorded in Dubai, more than the previous 10 years combined. This was in addition to 15 hotel transactions over the past 30 months. The report credited Dubai's strong bounceback from the COVID pandemic, when it became one of the first cities in the world to be fully opened for business. This was also supported by the government's 'Golden Visa' programme, and the ability to attract businesses like cryptocurrencies and hedge funds through its policies and frameworks.
