Aug 5 News and developments in Asia private
equity from Reuters News for the week ended Aug. 1.
BLACKSTONE ENERGY Partners will invest up to $800 million in
Tamarind Energy, a firm focused on oil and gas production in
Malaysia and Indonesia, marking the first oil and gas investment
in Asia by the Blackstone Group's $2.5 billion energy
ALIBABA GROUP Holding Ltd IPO-BABA.N has invested $120
million in San Francisco-based mobile games studio Kabam, the
latest in a string of U.S. investments intended to build up the
Chinese online retailer's presence in the world's biggest
U.S. PRIVATE equity firm Catterton Partners has acquired
Bali-inspired jeweller John Hardy for an undisclosed sum,
closing a transaction that took months to negotiate.
JINKOSOLAR HOLDING Co Ltd said that China
Development Bank International, the Macquarie Greater China
Infrastructure Fund and New Horizon Capital have agreed to
invest $225 million in the company's downstream solar power
CHINA'S RUNDONG Automobile Group, backed by private equity
firm KKR & Co LP, said it will launch an up to $138
million initial public offering in Hong Kong, betting on
continued demand for luxury vehicles in the world's
WH GROUP Ltd, the world's biggest pork producer,
has raised the $2.1 billion it sought in a Hong Kong initial
public offering, said a person with direct knowledge of the
CARLYLE GROUP LP said its second-quarter earnings
doubled from a year earlier as one of its European buyout funds
started paying performance fees, highlighting the growth
potential of its private equity business in Europe.
U.S. BUYOUT firm Bain Capital has agreed to sell a 49.9
percent stake in Japanese telemarketing firm Bellsystem24
Holdings to Tokyo-based trading house Itochu Corp, the
parties said in separate statements without disclosing the value
of the deal.
HOSPITAL OPERATOR Healthscope Ltd's positive debut
set the stage for the privatisation of state-owned Medibank
Private, as investors ramp up exposure to Australia's ageing
population and subsidised health sector.
SANKATY ADVISORS, LLC, the credit affiliate of Bain Capital,
said it had agreed to buy a portfolio of loans and securities
worth around $1.3 billion from J.P. Morgan's Global
Special Opportunities Group.
CLUB MEDITERRANEE'S board of directors advised
that a 790 million euro ($1.1 billion) takeover offer for the
holiday group from Italian financier and top shareholder Andrea
Bonomi was in shareholders' interest.
CLSA CAPITAL Partners, the alternative asset management arm
of brokerage and investment group CLSA, said it had launched the
300 billion won ($290.5 million) Nexen Global Co-Investment
Fund, its first private equity fund based in Korea. (bit.ly/1AOlJNN)
GOLDMAN SACHS and private equity firm Warburg Pincus
are among the investors nearing a deal to buy an up to
20 percent stake in China Huarong Asset Management Ltd for about
$2 billion, seeking a share in the profitable business of bad
loan management in China.
BARING PRIVATE Equity Asia said it bought a "substantial"
stake in British lifestyle and fashion brand Cath Kidston for an
undisclosed sum, looking to benefit from growing consumer demand
for global brands in Asia.
($1 = 1032.8500 Korean Won)
(Compiled by Stephen Aldred in Hong Kong; Editing by Subhranshu