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Aug 27, 2014

Carlyle in talks to acquire Vanke’s China commercial properties

HONG KONG (Reuters) – Global private equity firm Carlyle Group (CG.O: Quote, Profile, Research, Stock Buzz) is in talks with China Vanke Co Ltd (2202.HK: Quote, Profile, Research, Stock Buzz) to acquire some of Vanke’s commercial properties through assets or shares acquisition, the biggest Chinese property developer said on Thursday.

Vanke is negotiating with the private equity giant’s Carlyle Asia Investment Advisors Ltd and expects to enter a memorandum of understanding in the next few days, it said in a filing on the Hong Kong stock exchange. No details of the deal were given.

Aug 27, 2014

Carlyle in advanced talks to buy into Vanke’s China shopping malls -sources

HONG KONG, Aug 27 (Reuters) – Global private equity firm
Carlyle Group is in advanced talks with China Vanke Co
Ltd, the country’s largest property developer, to buy
stakes in nine of its shopping malls, two people with direct
knowledge of the matter told Reuters.

One of the sources said the deal was valued at between 6 and
7 billion yuan ($976 million to $1.14 billion), while the other
said it could be worth up to 10 billion yuan. Both declined to
be named as details of the discussions were private.

Aug 26, 2014

KKR agrees to buy 18 percent of China chicken firm for $400 million

HONG KONG (Reuters) – Private equity giant KKR & Co LP (KKR.N: Quote, Profile, Research, Stock Buzz) has made its fourth food safety-linked investment in China, agreeing to buy 18 percent of chicken producer Fujian Sunner Development Co Ltd 002299.SZ for $400 million, the two firms said on Tuesday.

The deal comes as food safety scandals plague the country. U.S. food maker Heinz apologized to Chinese consumers last week and said it would tighten controls over suppliers after it was forced to recall some infant cereal from store shelves due to excess levels of lead.

Aug 26, 2014

KKR agrees to buy 18 pct of China chicken firm for $400 mln

HONG KONG, Aug 26 (Reuters) – Private equity giant KKR & Co
LP has made its fourth food safety-linked investment in
China, agreeing to buy 18 percent of chicken producer Fujian
Sunner Development Co Ltd for $400 million, the two
firms said on Tuesday.

The deal comes as food safety scandals plague the country.
U.S. food maker Heinz apologised to Chinese consumers last week
and said it would tighten controls over suppliers after it was
forced to recall some infant cereal from store shelves due to
excess levels of lead.

Aug 26, 2014

KKR hires Jaka Prasetya to lead credit in SE Asia

HONG KONG, Aug 26 (Reuters) – Global private equity firm KKR
& Co LP said on Tuesday it has hired Jaka Prasetya as
managing director to lead the firm’s credit and special
situations initiatives in Southeast Asia as it expands its
credit lending strategy in the region.

Prasetya, who will be based in Singapore, joins KKR from
Leafgreen Capital, a firm founded in 2011 that provides finance
to mid-cap companies in Indonesia, Malaysia and Singapore.

Aug 19, 2014

Canada’s Couche-Tard makes short-list in $16 billion Sinopec unit sale: sources

HONG KONG (Reuters) – Canadian retailer Alimentation Couche-Tard Inc (ATDb.TO: Quote, Profile, Research, Stock Buzz) and China’s Tencent Holdings Ltd (0700.HK: Quote, Profile, Research, Stock Buzz) are among suitors short-listed to buy a $16 billion minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people familiar with the matter told Reuters.

China Life Insurance Co Ltd (601628.SS: Quote, Profile, Research, Stock Buzz), the nation’s biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd (2688.HK: Quote, Profile, Research, Stock Buzz) privately-owned Fosun Group, Hopu Investment Management and Affinity Equity Partners have also progressed to the next round, said the people who declined to be identified as the sale process is confidential.

Aug 19, 2014

Canada’s Couche-Tard makes short-list in $16bln Sinopec unit sale -sources

HONG KONG, Aug 19 (Reuters) – Canadian retailer Alimentation
Couche-Tard Inc and China’s Tencent Holdings Ltd
are among suitors short-listed to buy a $16 billion
minority stake in China’s Sinopec Sales, the world’s largest
fuel retail network, people familiar with the matter told
Reuters.

China Life Insurance Co Ltd, the nation’s
biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd
privately-owned Fosun Group, Hopu Investment
Management and Affinity Equity Partners have also progressed to
the next round, said the people who declined to be identified as
the sale process is confidential.

Aug 18, 2014

Switzerland’s Partners Group to buy majority of Spain’s Savera for $325 million: sources

HONG KONG (Reuters) – Swiss investment manager Partners Group Holding AG (PGHN.S: Quote, Profile, Research, Stock Buzz) has agreed to buy the majority of China-focused elevator guide rail maker Savera Group for around 2 billion yuan ($325 million), people with knowledge of the matter told Reuters.

The buyout would be the asset manager’s first in China and would give it control of Spain-based Savera which began life focused on Europe but which now generates 80 percent of revenue in China, the world’s most populous country.

Aug 14, 2014

TPG in biggest Sri Lanka buyout with $113 mln Union Bank deal

COLOMBO/HONG KONG, Aug 14 (Reuters) – TPG Capital Management
LP has agreed to purchase a majority stake in Sri Lanka’s Union
Bank of Colombo Plc for $113 million in the country’s
biggest buyout deal.

TPG, via its affiliate Culture Financial Holdings Ltd, will
take a stake of up to 75 percent in Union Bank through a
combination of primary and secondary shares and warrants, the
bank and the fund said on Thursday. The exercise of the warrants
would take the value of the deal to $117 million.

Aug 14, 2014

TPG strikes biggest Sri Lanka buyout deal with $113 mln Union Bank buy

COLOMBO/HONG KONG, Aug 14 (Reuters) – TPG Capital Management
LP has agreed to buy a majority stake in Sri Lanka’s Union Bank
of Colombo PLC (UBC) for $113 million in the country’s
biggest buyout deal.

TPG, via its affiliate Culture Financial Holdings Ltd, will
take a 70 percent stake in Union Bank through a combination of
primary and secondary shares and warrants, the bank and the fund
said on Thursday. The deal allows TPG to increase its stake up
to 75 percent, they added in a statement.