Asia Private Equity Weekly News, June 30, 2014

China Yongda Automobiles Services Holdings

30/06/2014 08:40

June 30 (Reuters) - News and developments in Asia private 
equity from Reuters News for the week ending June 27. 
     
    JUNE 27 
    CHINESE CONGLOMERATE Fosun International  0656.HK , which is 
courting resort operator Club Mediterannee  CMIP.PA  together 
with French private equity firm Ardian, has ruled out changing 
partners despite a potential rival bid from Italian tycoon 
Andrea Bonomi.  ID:nL6N0P817S  
    SHARES IN private equity-owned Australian-Swedish toilet 
paper and tampon maker Asaleo Care Ltd  AHY.AX  debuted at a 3.6 
percent premium on Friday in a sturdy performance from the 
country's second-largest new listing of the year. 
 ID:nL4N0P80LW   
    GRAEME HART, whose packaging conglomerate made him New 
Zealand's richest man, is in the early stage of exploring 
options for his U.S. auto parts businesses, which he acquired 
for nearly $2 billion in 2011, according to people familiar with 
the matter.  ID:nL6N0P6609   
     
    JUNE 26 
    CHINESE E-COMMERCE company Alibaba Group Holding Ltd 
 IPO-ALIB.N  has decided to list on the New York Stock Exchange, 
dealing a blow to the rival Nasdaq  NDAQ.O  bourse. 
 ID:nL2N0P718T   
    BLACKSTONE GROUP  BX.N  and its partner, Embassy Group, are 
laying the groundwork to cash in on their property holdings by 
setting up India's first real estate investment trust (REIT) and 
listing it on one of the country's stock exchanges. 
 ID:nL4N0P12AQ   
    FACTBOX-FOREIGN private equity funds and pension funds are 
among investors that over the last 12 months have committed to 
invest more than $1 billion to buy or build commercial property 
in India as the government works to finalise rules governing 
real estate investment trusts (REITs).  ID:nL4N0P71EP  
    STATE-OWNED Japan Bank for International Cooperation (JBIC), 
which provides financial resources to domestic firms expanding 
abroad, is looking to boost its support for Japanese private 
equity-owned firms in overseas M&A deals, a JBIC executive said. 
 ID:nL4N0P71ID   
    SHARES IN Australian in vitro fertilisation company Monash 
IVF Group Ltd  MVF.AX  rose 6.5 percent on its debut on after 
its private equity owner raised A$316 million ($297 million) in 
its initial public offering.  ID:nL4N0P70J9   
    A CAPITAL, a private equity firm focused on Europe-Asia 
deals, has invested 5 million euros ($6.8 million) in Viadeo SA, 
a Paris-based social media platform similar to LinkedIn  LNKD.N  
which has 20 million members in China, A Capital said in a 
statement. 
 
    JUNE 25 
    CAR DEALER China Yongda Automobiles Services  3669.HK  
priced a credit-enhanced five-year convertible bond with a 
coupon of 1.5 percent to raise 1 billion yuan ($161 million), 
IFR reported. 
     
    JUNE 24 
    MANDARIN CAPITAL Partners, a private equity fund focused on 
Europe-China deals, has agreed to sell Italmatch Chemicals to 
Ardian for 220 million euros, according to a source with direct 
knowledge of the matter. Mandarin acquired a majority stake in 
Italmatch in December 2010 for 100 million euros.  
    NEW ZEALAND equipment hire firm Hirepool Ltd  IPO-HIR.NZ  
has scrapped plans for the country's second biggest initial 
public offer this year amid reports that institutional investors 
were unwilling to pay the asking price.  ID:nL4N0P44YN   
    JAPANESE CAR electronics maker Pioneer Corp  6773.T  has 
agreed to sell its audio-video operations to Hong Kong-based 
Baring Private Equity Asia and Pioneer's Japanese rival Onkyo 
Corp  6628.T .  ID:nL4N0P51MY   
     
    JUNE 23 
    CHINA'S LUYE Pharma Group Ltd  2186.HK , which is backed by 
CDH Investments, CITIC Private Equity Funds Management and New 
Horizon Capital, is seeking up to HK$5.9 billion ($761.14 
million) in a Hong Kong initial public offering, a source with 
direct knowledge of the matter told Reuters.  ID:nL4N0P40GR   
    THE CANADA Pension Plan Investment Board said it plans to 
invest about $332 million in infrastructure projects in India 
through an investment with engineering and construction firm 
Larsen & Toubro Ltd  LART.NS .  ID:nL2N0P41JO   
    ($1 = 6.2180 Chinese Yuan Renminbi)($1 = 0.7345 Euros) 
 
 (Compiled by Stephen Aldred in Hong Kong; Editing by Anupama 
Dwivedi) 
 ((stephen.aldred@thomsonreuters.com)(+852 2912 6609)(Reuters 
Messaging: stephen.aldred.thomsonreuters.com@reuters.net)) 
 
Keywords: PVE WEEKLY/