Asia Private Equity Weekly News, June 23, 2014

Kai Yuan Holdings

23/06/2014 04:12

June 23 (Reuters) - News and developments in Asia private 
equity from Reuters News for the week ended June 20. 
     
    JUNE 20 
    BUYOUT FIRMS TPG Capital  TPG.UL  and Carlyle Group  CG.O  
are targeting a $2.4 billion initial public offering of shares 
in Australia's Healthscope Ltd as their most-favoured option for 
the country's second-biggest private hospitals operator, a 
source with direct knowledge of plans told Reuters. 
 ID:nL4N0P11NI   
    SHARES IN Mantra Group Ltd  MTR.AX , Australia's 
second-largest hotel company, listed at a 2.8 percent premium to 
their issue price when they debuted on the country's stock 
exchange on Friday.  ID:nL4N0P10J7   
     
    JUNE 19 
    DEALTALK -A little over a month ago, a Texas power utility 
at the centre of the biggest leveraged buyout in history filed 
for bankruptcy, sunk by billions of dollars of debt that it took 
on after being acquired by a trio of top private equity names in 
2007.  ID:nL3N0O60UO   
    ELEVEN LENDERS have funded an around A$830 million ($780.12 
million) dual-currency post-IPO refinancing for Australian 
services firm Spotless Group  SPO.AX , Basis Point reported 
citing sources.  ID:nRLP50874a   
    SWISS-BASED hedge fund group Gottex Fund Management Holdings 
 GFMN.S  is targeting a $6.5 billion boost to its assets, around 
half of which will come from acquisitions in Asia and the United 
States, its chief executive said.  ID:nL6N0P01QA   
 
    JUNE 18 
    REUTERS INSIDER - Kathy Xu's private-equity fund, Capital 
Today, was one of the first investors in Nasdaq-listed 
e-commerce giant JD.com Inc  JD.O , reaping massive returns.. (http://reut.rs/UxYO8O) 
    WITH AN iron grip, JD.com founder Richard Liu has dragged 
China's number two online retailer from a Beijing backwater to a 
rich New York listing. Beyond the wealth that brought him lies 
Liu's next target - beating Jack Ma's Alibaba.  ID:nL4N0OY2RD   
    SEVEN BANKS led by UBS AG  UBSN.VX  and Bank of America 
Merrill Lynch have underwritten a term loan B covenant lite 
financing package for private equity giant TPG's acquisition of 
global real estate services unit DTZ, Basis Point reported 
citing sources.  ID:nRLP50768a   
     
    JUNE 17 
    INDIA'S RATNAKAR Bank Ltd  RABNK.UL  plans to launch an 
initial public offering of shares worth up to $250 million in 
the first quarter of next year, three sources directly involved 
in the process said.  ID:nI8N0MF00R   
    HONG KONG-listed investment firm Kai Yuan Holdings Ltd 
 1215.HK , which has interests from steelmaking to real estate, 
has agreed to buy the Paris Marriott Hotel Champs-Elysees for 
344.5 million euros ($469 million).  ID:nL4N0OY06Y   
     
    JUNE 16 
    AUSTRALIAN ENGINEERING services company UGL Ltd  UGL.AX  
confirmed the cash sale of its property arm to a consortium of 
TPG, PAG Asia Capital and Ontario Teachers' Pension Plan for 
A$1.215 billion ($1.14 billion). 
    CVC CAPITAL Partners  CVC.UL  and the founder of investee 
company, Education International Corp Group Ltd (EIC), said that 
Isa Wong has joined EIC as CEO. Wong, who will be based in 
Beijing, joins EIC from Pearson, where she was most recently 
president of the Greater China business. (http://bit.ly/Uy153K) 
  
    ($1 = 1.0639 Australian Dollars) 
 
 (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/