Asia Private Equity Weekly News, June 24, 2013

Yashili International Holdings

24/06/2013 03:13

HONG KONG, June 24 (Reuters) - News and developments in Asia private equity from Reuters News for the week ending June 21.  JUNE 21 DEUTSCHE BANK'S  DBKGn.DE  Asia-Pacific head of financial sponsors group, Peter Plakidis, has left the bank to set up a private investment group headquartered in Australia, after working with the German bank for nearly six years, sources told Reuters.  ID:nL3N0EV1DK  A BIPARTISAN group of 15 U.S. senators urged the Obama administration to consider whether the proposed sale of Smithfield Foods Inc  SFD.N  to the Chinese meat company Shuanghui International posed a threat to the U.S. food supply that could justify blocking the deal.  ID:nL2N0EW0O0   U.S. ENERGY companies Hess Corp  HES.N  and Newfield Exploration Co  NFX.N  have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion, people familiar with the matter said.  ID:nL3N0EX134   U.S. PRIVATE equity firm Blackstone Group LP  BX.N  and Singapore state investor Temasek Holdings  TEM.UL  are in separate talks to invest about $200 million in India's Shriram Ventures, the non-financial services arm of Shriram Group, three sources with direct knowledge of the matter told Reuters. ID:nL3N0EX18H   JUNE 20 PRIVATE EQUITY firm Carlyle Group  CG.O  and Seven Group Holdings  SVW.AX  said they plan to retain ownership of Coates Hire Ltd, Australia's top equipment rental firm, following a six-month review of the business.  ID:nL3N0EW1RF  THE U.S. Securities and Exchange Commission charged defunct company China MediaExpress and its chief executive officer with misleading investors, the agency's latest case alleging fraud at a U.S.-listed China-based company.  ID:nL2N0EW1BE   SHAREHOLDERS OF Intrepid Mines  IAU.AX  backed their board to try to win back rights to a $5 billion copper and gold project in Indonesia that the company lost last year, defeating a plan to oust the board, spokesmen for both sides said. ID:nS9N0CD02K  TPG CAPITAL  TPG.UL  has mandated four banks as bookrunners for a A$1.15 billion-equivalent loan in the U.S. for Alinta Energy, despite volatile conditions that have seen more than US$10bn of deals pulled from market, Basis Point reported citing sources.  ID:nRLP17166a   BAIN CAPITAL-backed software company MYOB Ltd has a NZ$75 million ($57.99 million) loan from six lenders to back its acquisition of New Zealand business management services firm BankLink, Basis Point reported.  ID:nRLP17150a   JUNE 19 CHINA MENGNIU Dairy Co Ltd  2319.HK  signed a second takeover deal in a month, offering to buy Carlyle-backed Yashili International Holdings Ltd  1230.HK  in a deal worth about HK$12.5 billion ($1.6 billion) as part of a plan to expand its milk powder business.  ID:nL3N0EU3JT   JUNE 18 BARING ASIA Private Equity is sitting on a $43 million paper loss from a $57 million investment in New York Stock Exchange-listed Ambow Education Holdings Ltd.  AMBO.N , the latest example of how even the smartest money managers continue to get trapped in risky Chinese investments.  ID:nL3N0EP2TV   AUSTRALIA'S COASTAL Wyong region outside Sydney isn't high on the travel agenda of most Chinese tourists. But the local mayor and a Chinese businessman have big plans to change that by building a A$500 million ($480 million) theme park. ID:nL3N0EJ21T   JUNE 17 FRANCE'S EUTELSAT Communications SA  ETL.PA  and U.S. private equity firm KKR & Co  KKR.N  are among the suitors to place first-round bids for Singapore Telecommunications Ltd's STEL.SI  Australian satellite unit, a person with direct knowledge of the matter said.  ID:nL3N0ET0S1   FOUR GLOBAL investment banks have started working on a planned initial public offering of China Cinda Asset Management Corp, expected to take place in Hong Kong later in 2013, IFR reported, citing sources with direct knowledge of the deal. ID:nL3N0ET1M6   NEW ZEALAND broadcaster MediaWorks Ltd was placed in receivership after its private equity owners and bankers failed to agree on a refinancing deal, but new owners have been lined up.  ID:nL3N0ES0IO   STARBOARD VALUE LP revealed a major stake in Smithfield Foods and urged the world's largest pork producer to explore a breakup rather than a planned $4.7 billion takeover by Chinese meat company Shuanghui International.  ID:nL2N0ET03A   CITIC CAPITAL Holdings Ltd said it had raised a $683 million dedicated retail-focused fund, the CITIC Capital China Retail Properties Investment Fund, exceeding its target of $600 million. KROLL ADVISORY Solutions said it has relocated Jason Wright from Singapore to Hong Kong as an associate managing director in its Greater China investigations practice, reporting to Violet Ho, senior managing director for Greater China. ($1 = 1.2932 New Zealand dollars) (Compiled by Stephen Aldred; Editing by Supriya Kurane) ((stephen.aldred@thomsonreuters.com)(+852 2912 6609)(Reuters Messaging: stephen.aldred.thomsonreuters.com@reuters.net)) Keywords: PVE WEEKLY/