Deutsche, UBS step up for National Plant & Equipment

Australian Financial Review April 11th, 2019 by Sarah Thompson and Anthony Macdonald There are two strong favourites to help float mining equipment company National Plant & Equipment. Street Talk understands investment banks Deutsche Bank and UBS are close to finalising terms on a $100 million loan to the company, in a deal arranged by boutique [...]

2019-04-12T01:11:10+00:00 By |Uncategorized|

OCP Asia refocuses on China funding gap

Private Debt Investor March 28th, 2019 by Adalla Kim A decline in 'shadow banking' has led to a reduction in primary lending and a growing funding gap in the People's Republic Private credit fund manager OCP Asia is refocusing on the corporate funding gap in China after asset management companies and ‘shadow bankers’ reduced their [...]

2019-04-01T06:54:57+00:00 By |Uncategorized|

Pacific Star to take full control of Puteri Cove project for $26m

The Straits Times December 27th, 2018 Pacific Star Development (PSD) is buying out its joint venture partner in the Puteri Cove Residences project to facilitate the obtaining of a $70 million loan facility, the property developer said on Monday. PSD will face an outlay of $26 million to buy out Max Treasure, the partner in [...]

2019-02-13T09:27:00+00:00 By |Uncategorized|

Credit managers factored into Asia’s growth

Private Debt Investor November 29th, 2018 by Adalla Kim As smaller companies in the region face liquidity constraints, non-bank lenders are coming to the fore with financing solutions, writes Adalla Kim They may have less than $25 million in EBITDA but that doesn’t mean small and medium-sized enterprises are less in need of capital. A [...]

2018-11-29T07:29:51+00:00 By |Uncategorized|

National Plant offers $1b bait; banks respond to RFP

The Australian Financial Review November 26th, 2018 by Sarah Thompson Anthony Macdonald There is nothing like the lure of a lucrative future mandate to get money out of investment banks. So it is interesting to hear privately-owned mining equipment company National Plant & Equipment is offering a lead role on a mooted sharemarket listing to [...]

2018-11-27T06:16:08+00:00 By |Uncategorized|

OCP Asia garners $500m for Fund III

Private Debt Investor October 16th, 2018 by Adalla Kim OCP Asia, the Hong Kong-based credit fund manager, has garnered $500 million so far for its latest closed-end fund vehicle, Dan Simmons, a partner at the firm, has confirmed to Private Debt Investor. The capital raised for Orchard Landmark III is double that of its predecessor [...]

2018-10-18T05:10:17+00:00 By |Uncategorized|

OCP Asia Is Said to Raise Over $700 Million for Lending Funds

Bloomberg October 15th, 2018 by Bei Hu • Firm attracted $500 million for a new direct-lending fund • Investors also added capital to its oldest and largest fund OCP Asia has raised more than $700 million over the past 12 months for funds that lend to small- and medium-sized companies, according to a person familiar [...]

2018-10-15T06:26:16+00:00 By |Uncategorized|

OCP Asia scales to $2.25bn

AsiaHedge October 9th, 2018 by Rodney Diola Manager attracts $500m in commitments to third lending vehicle under the Orchard Landmark series of funds OCP Asia is now a $2.25bn-sized lending manager after successfully attracting $500m in commitments from investors for its third lending vehicle under the Orchard Landmark series of funds. Dan Simmons, a partner [...]

2018-10-11T07:25:01+00:00 By |Uncategorized|

Sorrento’s Continental Hotel gets $80m makeover

Brisbane Times October 9th 2018 by Simon Johanson The sun is set to shine again on Sorrento’s Continental Hotel as developer Steller starts an $80 million redevelopment of the historic landmark. The ambitious, staged redevelopment of the Italianate-style hotel at the popular Mornington Peninsula seaside getaway, a short drive from Melbourne, is a joint venture [...]

2018-10-11T02:29:15+00:00 By |Uncategorized|

OCP Asia writes 3rd cheque for mining equipment company

Australian Financial Review August 10th 2018 by  Sarah Thompson  Anthony Macdonald Asia-based alternatives manager OCP Asia has tripled down on privately-owned mining equipment hire company National Plant & Equipment. Street Talk understands OCP Asia has written another $50 million cheque for National Plant in recent days, to take its exposure to the business to $185 million in [...]

2018-08-24T03:16:41+00:00 By |Uncategorized|