United Overseas Bank in tie-up to launch $250 million mezzanine fund
Published on Sep 4, 2014 8:47 PM
SINGAPORE - United Overseas Bank (UOB) has tied up with Japanese financial services firm Orix Corp to launch a US$200 million (S$250 million) mezzanine fund on Thursday.
The United Orient Capital Fund, as it is called, aims to provide expansion capital to mid-sized companies in South-east Asia.
UOB said it is the first Singapore bank to launch such a fund, which will invest in mid-sized companies through loans or purchasing bonds and preference shares.
Eligible companies would have to have mature operations, strong cash flows and good management teams, said UOB. Other factors include the companies' market share, brand name and the industry's entry barriers.
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