US EditionMultiples secures HSBC and Nomura backing for QBurst deal
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Multiples secures HSBC and Nomura backing for QBurst deal
Indian private equity firm Multiples Alternate Asset Management has secured INR5bn (~$58m) in private debt financing from HSBC and Nomura to support its acquisition of a majority stake in digital engineering platform QBurst Software Services, according to a report by Bloomberg. The debt has been structured as listed non-convertible debentures (NCDs), a common financing instrument in India’s private credit market. The five-year instruments carry …
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