Asia Private Equity Weekly News, November 6, 2013

Reuters

HONG KONG, Nov 6 (Reuters) - News and developments in Asiaprivate equity from Reuters News for the week ending Nov. 1.

OCTOBER 31

AUSTRALIA'S NINE Entertainment Co Pty Ltd is seeking toraise as much as $570 million in an initial public offering, aperson familiar with the process said, a move that will help thetroubled TV network pay down debt.

OCTOBER 30

A DEAL for CVC Capital Partners to buy a majoritystake in a Chinese restaurant chain highlights a growingwillingness by smaller China firms to cede control to foreignprivate equity amid unfavourable IPO prospects.

HONG KONG-based private equity firm Gaw Capital Partnerssaid on Wednesday it had raised a $1.025 billion real estatefund for investment in China, its biggest ever fund.

BAMBOO FINANCE said it had sold its stake in TenGerFinancial Group, the holding company of Mongolia's Xac Bank, toinvestors including Orix Corp, resulting in expectedreturns above 25 percent in local currency and two times itsinvestment. ()

ITALIAN LUXURY leather goods brand Bruno Magli said itshedge fund owner Fortelus has begun exclusive talks to sell theentire company to a consortium of Asian investors, includingSouth Korean retailer E-Land and Hong Kong-based private equityfirm CDIB Capital in November.

CLSA CAPITAL Partners, the alternative asset management armof brokerage CLSA, said it had hired Dr. Richard Woodling as anoperating partner for its Clean Resources Asia Growth Fund. ()

OCTOBER 29

LAW FIRM Debevoise & Plimpton LLP said Andy Y. Soh, aspecialist in internal investigations and complex commercialdisputes, has joined the firm as International Counsel. ()

OCTOBER 28

ASIAN PRIVATE equity firm MBK Partners has put TechpackSolutions Co Ltd on the auction block, people familiar with thematter said, in a deal that could fetch up to 600 billion won($565 million) for the South Korean bottler.

FOUNDERS OF India's Apollo Hospitals Enterprise have agreedto raise 5.5 billion rupees ($89.42 million) from U.S. buyoutfirm KKR Co & LP in a structured debt deal, the companysaid in a statement.

CHINA'S SUNING Commerce Group and Hony Capital,an affiliate of Lenovo Group, will invest $420 millionin PPTV, a Chinese online TV services provider, Suning said in astatement on Monday.

OCTOBER 25

ASIAN PRIVATE equity firm RRJ Capital, founded by ex-GoldmanSachs and Hopu Management dealmaker Richard Ong, hasinvested a further $248 million in ING Groep's U.S.insurance unit, a person with direct knowledge of the mattertold Reuters.

BRITAIN'S ROYAL Mail PLC said Singapore's GIC has raised its stake in the mail carrier to above 4percent.

JAPAN'S ANT Capital Partners said it had taken a majoritystake in Japanese shoe maker MoonStar Co Ltd, which makes shoesfor K-Swiss, Burberry and Disney, though a management buyout.Ant did not disclose the value of the deal.

OCTOBER 24

A PRIVATE consortium is seeking to raise a $2.1 billionsyndicated loan to back the purchase of an 81 percent stake inUS insurer American International Group's aircraftleasing unit ILFC, banking sources said.

AUSTRALIA'S NEWLY elected conservative government hasordered a study into selling government-owned insurer MedibankPrivate, kickstarting privatisations as it scours state assetsto see where it can make budget savings.

OCTOBER 23

BLACKSTONE GROUP founder Stephen A. Schwarzman saidat a groundbreaking ceremony for Schwarzman College at TsinghuaUniversity in Beijing that $260 million had been raised forSchwarzman Scholars, an international scholarship programme inChina. ()

OCTOBER 22

PRIVATE EQUITY firm Actis said it invested $48 million inIndian pharmaceuticals company Symbiotec Pharmalab Ltd for asignificant stake.

OCTOBER 21

AT LEAST three South Korean firms made preliminary bids forthe brokerage unit of the Woori Finance Holdings Co Ltd, giving a boost to the government's decade-oldattempts to privatise the country's biggest banking group.

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