HONG KONG, April 8 News and developments in Asia
private equity from Reuters News for the week ending April 4.
BLACKSTONE GROUP LP's head of private equity for
Asia, senior managing director Michael Chae, is returning to New
York after three years in Hong Kong, according to an internal
memo seen by Reuters.
BLACKSTONE AND Carlyle Group are considering a bid
for Singapore's Goodpack Ltd, people familiar with the
matter told Reuters, eyeing the container maker a few weeks
after its takeover talks with Australian pallet maker Brambles
SUN HUNG Kai & Co Ltd has appointed three banks to
underwrite the sale of its consumer finance division, people
familiar with the matter told Reuters.
PRIVATE EQUITY firms, which have been showing an increased
interest in investing in the mining industry, will have a hard
time even if they are betting on recovery in the longer term,
the bosses of Anglo American and Glencore Xstrata
MORGAN STANLEY Private Equity Asia (MSPEA) launched a
sale of shares in Sihuan Pharmaceutical Holdings Group Ltd.
worth up to $147 million, IFR reported, citing a term
sheet for the transaction.
NOAH EDUCATION Holdings Ltd, which provides
education services in China, said it has reached an agreement to
go private with a consortium including MSPEA and Baring Private
Equity Asia, in a deal valuing the company at $107.4 million on
a fully diluted basis.
INTERVIEW-JAPANESE private equity firm Unison Capital Inc
said a new fund worth close to $600 million will target mainly
smaller, nimble consumer goods and services companies that have
bigger growth potential than Japan's established corporate
CHINESE PORK producer WH Group Ltd nearly doubled revenue
last year but posted a net loss because of costs associated with
a $4.9 billion takeover of U.S.-based Smithfield Foods Inc, the
company said in a pre-listing filing.
MONUMENT GROUP, an alternative investment fund placement
agent, said it is opening offices in Hong Kong and Tokyo. [link.reuters.com/dak38v
CREDIT INVESTMENT and private equity firm Ares Management LP
filed to go public in what would be the first initial public
offering by a major alternative asset manager since Carlyle's
flotation two years ago.
ANHEUSER-BUSCH InBev SA, KKR & Co and
Affinity Equity Partners said that AB InBev has successfully
completed the acquisition of Oriental Brewery, the leading
brewer in South Korea. [link.reuters.com/xyj38v]
SEQUOIA CAPITAL backed China online game developer Baioo
Family Interactive plans to raise up to HK$1.84
billion ($237.21 million) in a Hong Kong initial public offering
through the sale of 706 million shares, IFR reported.
GREATER CHINA-focused private equity firm Zoyi Capital said
it has invested $20 million in Camelot Information Systems Inc
, a provider of enterprise application services and
financial industry information technology services in China. [link.reuters.com/cak38v
PANASONIC CORP and KKR said they had completed a
deal to become joint partners of Panasonic Healthcare Co, Ltd.
($1 = 7.7568 Hong Kong dollars)
(Compiled by Stephen Aldred; Editing by Sunil Nair)