In latest private debt deals in Asia, Singapore-headquartered direct lending firm Orion Capital Asia has provided a 200-million-euro ($235 million) financing for a Chinese manufacturing business. Meanwhile, Vietnam-based realty firm SonKim Land has raised a $200-million debt round.
Orion provides $235m acquisition financing for Chinese firm
Asian private credit firm Orion Capital Asia has completed a 200-million-euro ($235 million) acquisition financing for a leading China-based manufacturing company.
Without divulging the name of the invested business, Orion said in a LinkedIn announcement that the financing supported the Chinese company in its acquisition of a European peer.
The transaction marked Orion’s largest investment to date, the firm said. It is also the fourth investment it has announced within the last six months.
Orion is focused on performing credit strategies across the Asia-Pacific region, with core markets of India, Southeast Asia, China, and Australia. Over the past 12 months, the firm has deployed more than $400 million. In total, it has invested more than $1.7 billion to date, according to its website.
Orion announced a $205-million first close of its third fund in October 2023, with an aim to raise at least $400 million for the vehicle.
SonKim Land raises $200m in private credit deal
Vietnam-based luxury real estate developer SonKim Land Corporation has secured a $200-million private credit facility, said its financial advisor Jefferies.
The identity of the investor was not disclosed.
The financing was said to support SonKim Land’s long-term strategic portfolio expansion plans and financial objectives.
SonKim Land develops high-end projects across residential, office, and hospitality in Vietnam. The company is owned by a local family that has businesses in retail, real estate, and investment.
SonKim Land has raised over $200 million in the past from investors including EXS Capital, ACA Investments, Skymont Capital, and Credit Suisse.
