August 16th, 2015 | by sa | published in Published Articles
* 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 Jiabao, are planning to spin […]
May 27th, 2015 | by sa | published in Published Articles
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, according to three sources close […]
May 26th, 2015 | by sa | published in Published Articles
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 lighting business, Lumileds, by China-based […]
May 6th, 2015 | by sa | published in Published Articles
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 latest instance of what is […]
February 2nd, 2015 | by sa | published in Published Articles
The following article was published on Debtwire on February 2, 2015 CDH Investments, one of China’s biggest private equity firms, has been forced to repay a USD 500m loan backed by its shares in Hong Kong-listed pork products company WH Group after the stock price plunged on poor earnings and triggered a margin call, three […]
January 9th, 2015 | by sa | published in Published Articles
The following story was first published on Debtwire on January 9, 2015 Asian private equity firm RRJ Capital, founded by ex Goldman Sachs and Hopu Investments dealmaker Richard Ong, has begun fundraising for a third buyout fund of at least USD 4bn, according to two sources familiar. The planned fund underscores the rise of home-grown […]
December 5th, 2014 | by sa | published in Published Articles
Stake sale could value Focus Media at around $9 bln – sources Focus Media mulls dividend recap of over $1 bln – sources HONG KONG, Fri, Dec 6, 2014 – Carlyle Group-backed display advertising firm Focus Media Holding Ltd is mulling a stake sale of up to $900 million, to pay down debt ahead of […]
December 5th, 2014 | by sa | published in Published Articles
Boyu Capital is regarded as among the most professional operators in China private equity, with seasoned executives at its helm. But according to multiple investors, Alibaba and Cinda are not only what lures them to Boyu. Investors were also impressed with Boyu’s 2011 purchase of a controlling stake in Sunrise Duty Free – which runs […]
October 21st, 2014 | by sa | published in Published Articles
This story appeared on Reuters on October 21, 2015 China private equity firm Nepoch Capital has erased its princeling backer He Jintao from the documents it shows investors after he was questioned in connection with a corruption investigation, sources have told Reuters. Nepoch’s distancing from its co-founder, son of former head of Communist Party discipline […]
October 9th, 2014 | by sa | published in Published Articles
The following story appeared on Reuters on October 9, 2014 Private equity firm TPG Capital has asked Australia’s UGL Ltd to provide a full explanation of payments made to embattled Hong Kong Chief Executive Leung Chun-ying when he was a top executive of a UGL-owned property company that a consortium led by TPG has agreed […]