* First time that execs have spun out of a high-profile princeling fund * Co-founder Yu Jianming to step back from managing partner role, but remain as investor in new funds Executives at New Horizon Capital, a “princeling” private equity firm founded by the son of China’s former premier Wen
The following article was published on Debtwire on May 27, 2015 When CVC Capital Partners struck a deal to buy a majority stake in serviced office company The Executive Centre from Headland Capital Partners in May 2014, the London-headquartered firm did not know that the EBITDA had been overstated by as much as around USD 8m,
The following article was published on Debtwire on May 28, 2015 Bank of China is sounding lenders in Asia and Europe to join an underwritten seven-year term loan and revolving credit facility of around USD 1.95bn to back the acquisition of a majority of Royal Philips’ LED components and automotive
The following article appeared on Debtwire on May 6, 2015 Bank of America Merrill Lynch has been bumped off a major-buyout-financing by Bank of China and China Merchants Bank, which swooped in to back the buyout of US-listed OmniVision Technologies with a term loan at the last minute, in the