Asia Private Equity Weekly News, Dec. 16, 2013

China Everbright Environment

16/12/2013 09:28

HONG KONG, Dec 16 (Reuters) - News and developments in Asia private equity from Reuters News for the week ended Dec. 13.  DEC. 13 ASIAN PRIVATE equity firm PAG said it had invested $250 million into theme park operator Universal Studios Japan, joining other investors including Goldman Sachs  GS.N , MBK Partners and Owl Creek.  ID:nL3N0JS05U   PRIVATE EQUITY firm RRJ Capital, founded by former Goldman dealmaker Richard Ong, has paid $350 million for a stake in waste-to-energy company China Everbright International Ltd 0257.HK , according to a Hong Kong stock exchange filing. ID:nL3N0JS0Q5   INVESTMENT BY Japan's Government Pension Investment Fund in infrastructure projects abroad will amount to less than 1 percent of its 120 trillion yen ($1.16 trillion) fund, Takatoshi Ito, a government advisory panel member, told reporters. ID:nT9N0JC00C   DEC. 12 NORD ANGLIA Education, a Hong Kong-based school operator, has hired banks for an initial public offering that could come next year, according to sources familiar with the matter. ID:nL1N0JP1P3   SHARES IN China Cinda Asset Management Co Ltd  1359.HK  surged as much as a third in their trading debut, marking a major success for China's first listing of a bad debt management firm and boding well for other potential IPOs in the sector. ID:nL3N0JR0LY   GOLDMAN SACHS has agreed to provide a $120 million pre-IPO loan to Shanghai-based warehouse developer e-Shang, co-founded by U.S. private equity firm Warburg Pincus  WP.UL , e-Shang said.  ID:nL3N0JR2BC   INDIA'S GMR Infrastructure Ltd  GMRI.NS  has hired four banks including Citigroup  C.N  and JPMorgan  JPM.N  to manage the listing of its airport business that is expected to raise $300-$350 million, sources with direct knowledge of the matter said.  ID:nL3N0JR1WD   DEC. 11 PRIVATE EQUITY firm Actis said it sold its 82 percent stake in India's Sterling Hospital to Addlife Investments Private Limited, a company promoted by the hospital's current chairman, Girish Patel.  ID:nL3N0JQ2R0  SOUTH KOREAN financial regulators approved private equity firm MBK Partners' 1.84 trillion won ($1.75 billion) purchase of ING Groep's  ING.AS  local insurance unit, the country's largest insurance acquisition.  ID:nL3N0JQ1K6   ALIBABA GROUP Holding Ltd said it is seeking to extend the draw-down period of an $8 billion loan from January next year, a move people familiar with the e-commerce company's plans said would buy it more time to launch an IPO.  ID:nL3N0JQ1WE   DEC. 10 DEBT LENDER Intermediate Capital Group has launched an Australia senior loan fund, targeting to raise up to A$1 billion ($895.55 million) over the next three to five years, Thomson Reuters Basis Point reported.  ID:nRLP33708a   DEC. 9 KKR & CO LP  KKR.N  and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's  TYC.N  South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said. ID:nL3N0JO0U5   CARLYLE GROUP LP  CG.O , hedge fund firm Farallon Investors and China Cinda have agreed to buy $45 million worth of shares in Fu Shou Yuan International Group Ltd as China's largest provider of death-care services seeks up to $215 million in a Hong Kong IPO.  ID:nL3N0JO0HA   ASIA RESEARCH & Capital Management has raised $1.1 billion for its new hedge fund, the region's biggest launch this year, as investment opportunities for the distressed asset specialist grow on the back of tighter credit.  ID:nL3N0JO12M  PRIVATE EQUITY has become a more attractive asset class to investors in the wake of the global financial crisis, according to a research report from Coller Capital. (http://link.reuters.com/rew45v) BANKERS IN Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10-fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.  ID:nL3N0JO04O   ($1 = 1.1166 Australian dollars) (Compiled by Stephen Aldred; Editing by) ((stephen.aldred@thomsonreuters.com)(+852 2912 6609)(Reuters Messaging: stephen.aldred.thomsonreuters.com@reuters.net)) Keywords: PVE WEEKLY/