Asia Private Equity Weekly News, Aug 18, 2014

Dongwon Systems

18/08/2014 01:34

Aug 18 (Reuters) - News and developments in Asia private 
equity from Reuters News for the week ended Aug. 15. 
     
    AUGUST 15 
    SINGAPORE SOVEREIGN wealth fund GIC  GIC.UL  said it 
acquired an 18.5 percent stake in Brazilian education services 
company Abril Educacao SA  ABRE11.SA .  ID:nL4N0QL06H  
    A MEDIA firm Alibaba Group Holding Ltd  IPO-BABA.N  recently 
bought said a review of its finances revealed possible 
accounting irregularities, casting doubts on the Chinese 
e-commerce giant's due diligence as it prepares for a U.S. 
initial public offering.  ID:nL4N0QL1BH   
     
    AUGUST 14 
    TPG CAPITAL Management LP  TPG.UL  has agreed to purchase a 
majority stake in Sri Lanka's Union Bank of Colombo Plc 
 UNIO.CM  for $113 million in the country's biggest buyout deal. 
 ID:nL4N0QK59T  
    AAC CAPITAL UK is looking to sell kettle safety firm Strix 
in a deal that could value the company at $500 million and draw 
interest from other private equity firms and Chinese buyers, 
three sources familiar with the matter told Reuters. 
 ID:nL6N0QK206   
    JAPANESE PROPERTY developer Mori Trust Co is in final talks 
to buy a complex of buildings in Tokyo from U.S. buyout firm 
Lone Star for more than 100 billion yen (about $1 billion), five 
people with knowledge of the matter said.  ID:nT9N0OU01G   
    A GOLDMAN Sachs Group Inc  GS.N  unit is a final bidder for 
a Tokyo office tower in a deal that could fetch about 165 
billion yen ($1.6 billion), said people familiar with the deal, 
which could be the biggest office property deal in six years. 
 ID:nT9N0OU01F  
    CHINESE SPORTSWEAR maker Li Ning Co Ltd  2331.HK  said it 
made a first-half net loss of nearly $100 million, much wider 
than a year earlier, as it soaked up one-off charges and the 
cost of opening more stores amid fierce competition in the 
industry.  ID:nL4N0QK01V   
    GULF OF Mexico deepwater oil explorer Venari Resources LLC 
said it had raised $1.3 billion from original backers Warburg 
Pincus LLC  WP.UL , Kelso & Co, the Jordan Company and Temasek 
Holdings  TEM.UL , as well as new investors.  ID:nL2N0QJ182  
    GOODPACK LTD  GPAK.SI  said that shareholders approved the 
acquisition of all issued and paid-up ordinary shares in the 
company by IBC Capital Ltd, a wholly-owned subsidiary of funds 
affiliated with and advised by KKR & Co LP  KKR.N . 
 ID:nWNBS00MCO  
     
    AUGUST 13 
    SOUTH KOREAN aluminium and food can maker Dongwon Systems 
Corp  014820.KS  said it has agreed to buy bottle maker Techpack 
Solutions Co Ltd for 250 billion won ($243 million) from 
Asia-Pacific private equity fund MBK Partners.  ID:nL4N0QJ151  
    SOUTH KOREA'S YG Entertainment Inc  122870.KQ  said it is 
considering selling a stake in itself or various other forms of 
securing investment or partnerships from third parties, but 
nothing has been decided.  ID:nL4N0QJ18A   
         
    AUGUST 12 
    A KKR & Co-led takeover of Australia's Treasury Wine Estates 
Ltd  TWE.AX  would likely lead to a long and drastic overhaul, 
resulting in a much smaller but more profitable company, bankers 
familiar with the matter said.  ID:nL4N0QD26K  
    CARLYLE GROUP  CG.O  has bought a minority stake in Chinese 
online and mobile-based classified advertising business 
Ganji.com, the global private equity firm said.  ID:nL4N0QI4OA   
    NEW ZEALAND'S two biggest Maori commercial groups have 
joined forces to buy one of the country's major bus operators in 
a further example of their growing financial strength. 
 ID:nL4N0QI1LN   
    A SATELLITE internet provider serving U.S. and Australian 
troops in Afghanistan and air crash investigators in Ukraine 
made a strong debut in Sydney trading, with the firm saying 
increasing incidence of "man-made disasters" would bolster its 
prospects.  ID:nL4N0QI274   
    LUXURY AUTOMOBILE dealer China Rundong Auto Group Ltd 
 1365.HK , backed by KKR, fell as much as 16 percent in its Hong 
Kong trading debut.  ID:nL4N0QI144   
    LAW FIRM Dechert LLP said it has opened an office in 
Singapore which will initially focus on investment fund 
formation with Dean E. Collins as office managing partner. (http://bit.ly/1p2gzJv) 
 
    AUGUST 11 
    TWO GLOBAL private equity giants are set to face off in a 
battle for Australia's Treasury Wine after TPG matched a $3.1 
billion move from KKR for one of the world's biggest wine 
makers.  ID:nL4N0QG0SX  
    CVC CAPITAL Partners  CVC.UL  has agreed to sell kimchi 
refrigerator maker WiniaMando Inc for around 150 billion won 
($144.73 million) to South Korea's Hyundai Green Food Co, a 
Hyundai spokeswoman said.  ID:nL4N0QH08H  
    A CONSORTIUM including South Korea's National Pension 
Service and gas seller E1 Corp  017940.KS  has been chosen as 
preferred bidder to buy a $540 million stake in US-based shale 
gas transport firm Cardinal Gas Services, NPS and E1 officials 
said.  ID:nL4N0QG0WC  
 
 (Compiled by Stephen Aldred in Hong Kong; Editing by Subhranshu 
Sahu) 
 ((stephen.aldred@thomsonreuters.com)(+852 2912 6609)(Reuters 
Messaging: stephen.aldred.thomsonreuters.com@reuters.net)) 
 
Keywords: PVE WEEKLY/