Hillhouse Capital Management Ltd. is close to completing its latest fundraising series, attracting $18 billion to back three new funds for the Hong Kong-based investment firm, according to people familiar with the matter.
Headlines about a bursting—or already-burst—SPAC market bubble abound. But even if half of SPACs fail to make it to the finish line by merging with a private company, the M&A market can still reasonably count at least a couple hundred “de-SPAC” deals in the pipeline.
India has allowed bidders access to the financial data of Bharat Petroleum Corp. as the government moves ahead with plans to sell its entire stake in the country’s second-biggest state refiner, according to people familiar with the matter.
China’s securities regulator is weighing tighter rules for companies seeking to list in Hong Kong or overseas, a move that could hit technology firms already smarting from months of clampdowns, according to people familiar with the matter.