HONG KONG Feb 20 U.S. private equity firm Bain
Capital raised about $69 million from a selldown in Hong
Kong-listed Greatview Aseptic Packaging Co Ltd, IFR
reported on Wednesday citing sources familiar with the
Bain sold 110 million shares of Greatview at HK$4.85 each,
putting the total deal at HK$534 million ($69 million), added
IFR, a Thomson Reuters publication. The price was equivalent to
a discount of 5.65 percent to Greatview's close on Tuesday.
The private equity company, which raised about $50 million
through a sale of Greatview shares last year, originally planned
to sell 80 million shares but later boosted the offering to 110
million, IFR said.
Shares of Greatview, which produces packaging used in milk
cartons, as well as juice boxes and machinery used in the
packaging process, have surged 41 percent in the past year,
reaching a 52-week high of HK$5.57 on Feb. 15.
Bain invested $40 million in 2006 for a 43.2 percent stake
in the company. It owned 284.3 million shares before the most
recent selldown, according to Thomron Reuters data.
Morgan Stanley acted as sole bookrunner on the