American Woodmark Corporation has announced the pricing of a $350m private placement of senior unsecured notes.
Due 2026, the notes are being issued to qualified institutional buyers.
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A wholly owned subsidiary of American Woodmark, RSI Home Products has opted to redeem 20%, or $115m in principal amount, of the outstanding $575m of its 6.5% senior secured second lien notes.
The net proceeds from the placement are intended to be used by the company to fund the conditional redemption and acquisition of the RSI notes.
Google and Temasek Holdings have collectively invested in PT Aplikasi Karya Anak Bangsa (operating as GO-JEK).
The investment forms part of a $1.2bn funding raised by GO-JEK.
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By GlobalDataBased in Indonesia, GO-JEK is a provider of mobile technology for transportation, logistics, payment and lifestyle applications.
The transaction enables Google to develop its application-based services and electronic payments in the Southeast Asia region.
Affinity Equity Partners and BRV Capital Management intend to invest $940m in Emart and Shinsegae.
Emart is a subsidiary of Shinsegae and all the companies involved in the transaction are based in South Korea.
The transaction enables Shinsegae to expand its business to benefit from an increase in online grocery shopping and e-commerce.
Modyroad (also known as Goxip) has raised $5m through a Series A funding round led by The Mills Fabrica Fund, Sabrina Ho, Meitu, Iman Allana and Chryseis Tan.
Based in Hong Kong, Modyroad is an online apparel platform. The Mills Fabrica Fund has invested approximately $1m in Goxip.
The funding will enable the company to increase its team in Hong Kong and expand its operations in South-East Asia, principally in Thailand.
JM Digital Steel intends to raise CNY20.01m ($3.16m) through the issue of 6.67 million new shares in a private placement to Tiangong International.
Tiangong International is a China-based investment holding group engaged in the production and marketing of high-speed steel (HSS), HSS cutting tools, die steel (DS) and titanium alloy.
The transaction will enable Tiangong Group to sell its products directly to end-consumers by using JM Digital’s e-commerce platform.
Group 1 Automotive has acquired two new dealerships located in El Paso, Texas, US.
The dealerships, namely Audi El Paso and Subaru El Paso, are anticipated to make approximately $65m in annual revenues.
The transaction is expected to enable Group 1 Automotive to enhance the existing partnership with Audi and Subaru, while also expanding its dealership network in El Paso.
Walmart has entered a strategic partnership with Japan-based e-commerce firm Rakuten to expand consumer reach and improve services in Japan and the US.
The alliance will launch a new Japan-based online grocery delivery service called Rakuten Seiyu Netsuper, which will increase the fulfilment capacity, enhance the merchandise offering and improve customer convenience.
The service will provide fresh produce, daily consumables, partially prepared foods and ready-meal kits for customers.
Walmart has also entered an exclusive retail partnership, which enables the supermarket chain to sell e-books and audiobooks, and Rakuten Kobo eReaders in Walmart stores, as well as online at Walmart.com in the US.
