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REX announces exclusive negotiations with PAG regarding funding for its domestic major city jet operations
Australian airline Regional Express Holdings Ltd and PAG Asia Capital entered exclusive negotiations for PAG to invest up to AUD150 million to support the launch of Rex’s domestic major city jet operations, scheduled to commence in March 2021.
On Nov. 11 PAG was recognized with three major awards by AVCJ, including Firm of the Year, Fundraise of the Year (for its PAG Asia III large-cap buyout fund) and Deal of the Year – Large Cap (for its acquisition of Baosteel Gases).
LexinFintech Announces US$300 Million Private Placement of Convertible Notes with PAG
LexinFintech Holdings Ltd., a leading fintech platform for educated young adults in China, today announced that it has entered into a convertible note purchase agreement with PAG, a leading Asia-focused private equity firm with over US$30 billion in capital under management, pursuant to which the Company will issue and sell convertible notes in an aggregate principal amount of US$300 million to PAG through a private placement.
PAG has acquired a controlling stake in leading biopharmaceuticals company Hisun BioRay for approximately US$540 million in the largest private equity investment in China's biotechnology industry to date