24 February 2005 – LAWFUEL – The Law News Network – Clifford Chance continues to lead private equity deals in Asia Hong Kong – Global law firm Clifford Chance has recently advised on some of the most significant private equity deals in Asia, in a rapidly growing list of successful exit stories in the region.
Clifford Chance advised:
* Korea Confectionary Holdings NV, a holding company formed by funds
advised by CVC Asia Pacific, JP Morgan Partners and UBS Capital Asia Pacific
(now known as Affinity Equity Partners) on its disposal of the second
largest confectionery company in Korea, Haitai Confectionery and Foods Co.,
Ltd. The disposal, by way of trade sale, to the Korean based Crown
Confectionery Co., Ltd, valued Haitai at approximately KRW 545 billion
(US$490 million).
* Asia Cinema Holdings B.V., a holding company formed by funds led and
advised by CVC Asia Pacific, on the listing of CJ CGV Co., Ltd. on the
Korean Stock Exchange in a deal worth approximately US$47 million. CJ CGV
is a multi-cinema complex operator in Korea. (Clifford Chance previously
advised Asia Cinema Holdings B.V. when it acquired such stake in CJ CGV in
November 2002.)
* The issuer, Yellow Pages (Singapore) Limited, and its selling
shareholder, Asia Directory Sarl, a holding company formed by funds advised
by CVC Asia Pacific and JP Morgan Partners, on the S$185 million initial
public offering and listing of Yellow Pages Singapore on the Singapore Stock
Exchange, the second largest IPO in Singapore in 2004.
Roger Denny, who leads Clifford Chance’s Asian Private Equity Practice,
commented:
“The Asian private equity market continues to blossom, with a series of
successful exits by industry players in the previous 12 months helping to
attract even more investor interest in the region. We are pleased that we
have been well-placed to provide a comprehensive service to meet our
clients’ private equity needs during these exciting times.”
