HONG KONG, April 8 News and developments in Asia
private equity from Reuters News for the week ending April 5.
THE MYSTERY lender behind a Thai billionaire' s $9.4 billion
purchase of a stake in China's No.2 insurer was UBS,
which offered the region's fourth-largest bridge loan ever and a
complex financing package known to only a few involved, people
with knowledge of the matter told Reuters.
CERBERUS CAPITAL Management LP will try to increase
its stake in Japan's Seibu Holdings to 44.7 percent from 32.4
percent and proposed eight members to the board, stepping up a
battle with the railway and real estate group's management.
INDONESIAN AIRLINE PT Mandala Airlines plans to buy 18
Airbus A320 planes worth $1.6 billion by 2014, in an effort to
capture growing middle class travel in Southeast Asia's largest
economy, its major shareholder said.
A MAJOR shareholder in Japan's Seibu Holdings Inc has
supported the company's stand against allowing private equity
firm Cerberus Capital Management LP to increase its stake in the
railway and real estate group, the Nikkei daily said.
INDONESIAN PRIVATE equity firm PT Saratoga Investama Sedaya
has picked UBS and Deutsche Bank to lead its initial
public offering, aiming to raise at least $200 million in the
second quarter, sources with direct knowledge of the matter
TROUBLED AUSTRALIAN surfwear firm Billabong International
Ltd said it is still in talks with two takeover suitors
and requested a trading halt in its shares ahead of a possible
announcement this week.
PENNAR INDUSTRIES Ltd said India-focused private
equity firm Zephyr Peacock has invested 500 million rupees
($9.21 million) to buy a significant minority stake in its unit
TAIWAN WILL ease rules to allow Chinese banks to buy bigger
stakes in local banks and permit more Chinese firms to invest in
its financial industry, the island's financial regulator said on
Monday, marking a major advance in cross-strait ties.
SHARES IN PT Visi Media Asia Tbk, controlled by
the politically connected Bakrie family, jumped as much as 20.4
percent on Monday after the company received takeover proposal
from Indonesia-based CT Corp.